Intensely agitated minority owners of Flinders Mines have forced a board spill on their company following the Takeover Panel's finding of unacceptable circumstances triggered by the senior owner to delist the business.

The 249D meeting request was lodged last Wednesday in the name of 37 junior owners who own more than 6 per cent of the business. The minority owners are seeking to remove Flinders chairman Neil Warburton and two directors associated with the Todd Corporation, which owns 55.56 per cent of the struggling iron ore wannabe.