Vindhya Telelinks, Universal Cables and Birla Cable shareholders go against family's wishes.
Nearly 98% of shareholders vote in favour of his reappointment and payment of remuneration to Lodha.
Cable producers enjoy strong demand prospects but volatile raw material prices are a key concern.
The court's directions mean that Lodha immediately ceases to hold all positions in the M P Birla group, including as director in the firms and other positions in the trusts and societies of the M P Birla group, a statement from the Birlas read.
Factories are shutting down owing to a shortage of labour and raw materials, and a lack of logistical support amid the ongoing nationwide lockdown against the coronavirus pandemic.
