Laxey Partners, the activist investor, has rebutted criticisms from Hirco, the Indian property investment vehicle, over attempts to vote Hirco’s chairman and other key directors off Hirco’s board.

Laxey is seeking to oust Niranjan Hiranandani, Hirco chairman, and two non-executive directors, David Burton and Nigel McGowan, from its board at an extraordinary meeting scheduled for May 6.