Mumbai: Cyrus Mistry on Tuesday chaired Tata Power’s board meeting without any opposition from any of the other 11 board members, including the seven independent directors.

Tata Power was the last among the seven listed large Tata companies to hold its board meeting for its second quarter earnings. The utility company’s financial results, signed by Mistry, reported a net profit of Rs 336 crore for the July-September period of 2016-17 against a loss of Rs 96 crore in the same period a year ago.

Tata Power’s parent Tata Sons had replaced Mistry as its chairman last month, triggering a corporate tussle between Mistry and Ratan Tata, who has returned from retirement as Tata Sons’ interim chairman. Subsequently, Tata Sons replaced Mistry as the chairman in three group companies — Tata Consultancy Services (TCS), Tata Global Beverages and Tata Steel. Mistry, however, remains the chairman of four companies: Tata Motors, Indian Hotels, Tata Chemicals and Tata Power.

The Tata Power board meet, held in the city, lasted for nearly four hours and none of the independent or executive directors contested Mistry’s chairmanship. There were no fireworks at the board meet like what had happened at the meeting of other Tata companies. At Indian Hotels, Tata Motors and Tata Chemicals, all the independent directors came out with a statement supporting Mistry’s chairmanship, while at Tata Steel, the independent directors were divided in their support between Mistry and Ratan Tata.

The seven independent directors of Tata Power are Deepak Satwalekar, former CEO of HDFC Life Insurance; Nawshir Mirza, ex-partner of CA firm Batliboi & Co; Homiar Vacha, former ICICI Bank general manager; Ashok Basu, a former secretary to government of India; Anjali Bansal, senior advisor at TPG Capital; Vibha Padalkar, CFO of HDFC Standard Life; and Sanjay Bhandarkar, former Rothschild India head.

The Tata Power board focused mainly on company matters, sources said. It, however, did take note of Tata Sons’ notice to remove Mistry from the company’s board through an extraordinary general meeting (EGM) of shareholders. It has fixed December 26 as the date for EGM. As per rules, if a person is removed as a director of the company, he will automatically cease to be its chairman.

Among other things, Tata Power said that it has completed the acquisition of Welspun Renewables. The acquisition had been a bone of contention in the Mistry-Ratan Tata battle.

Tata Power also holds a stake in Tata Teleservices, a joint venture between Tata Group and Japan’s NTT DoCoMo. During the June-September quarter, Tata Power had to write off Rs 124 crore as loss on account of fall in the value of its shares in the JV. DoCoMo is fighting court battles with Tata Sons to recover $1.2 billion as its price to exit from Tata Teleservices. This is another issue over which Mistry and Ratan Tata had disagreement.