Jehangir Wadia has quit the boards of Britannia Industries and Bombay Burmah Trading Corp., withdrawing from all listed businesses of the $15-billion Wadia Group.
Jehangir, 48, in March resigned as director of his family-controlled airline of Go Airlines (rebranded as Go First). A month later, Bombay Dyeing and Manufacturing Company said Jehangir had stepped down as its director .
Britannia’s latest annual report last week said Jehangir (or Jeh in media reports) didn’t offer himself for reappointment to the board. Mint reports that two people conscious of developments had told the newspaper Jehangir’s departure is connected to differences with father,
“Mr. Jehangir N Wadia, Non-Executive Director, who retires by rotation at the following AGM in terms of Section 152 of the businesses Act, 2013, has not offered himself for re-appointment. The Board of Directors at their Meeting persisted 30 July, 2021 resolved to not fill the resulting vacancy and therefore the same is placed before,” said Britannia’s annual report.
Bombay Burmah’s annual report carries a uniform notice that says a resolution are going to be brought before shareholders at its annual meeting.