Mumbai, September 17 (TNA) The Tata Sons board has approved a resolution to reappoint N Chandrasekaran as executive chairman for another five-year term, according to people familiar with the development.
The decision was taken at a board meeting in Mumbai on Thursday. Chandrasekaran’s current term is scheduled to end in February 2027. The fresh appointment will allow him to continue leading Tata Sons, the holding company of the Tata Group, through the group’s ongoing regulatory and strategic challenges.
The board’s decision reverses Chandrasekaran’s earlier indication that he would not seek a third term. He had reportedly communicated that he would step down after the completion of his existing tenure.
According to reports, Tata Trusts Chairman Noel Tata was the only board member to vote against the reappointment resolution, while the other directors supported Chandrasekaran’s continuation.
The resolution will require approval from Tata Sons shareholders at the company’s annual general meeting. Tata Trusts hold about 66% of Tata Sons’ equity and will therefore play a decisive role in the final approval process.
Listing issue discussed
The board also discussed the Reserve Bank of India’s requirement concerning the listing of Tata Sons. However, no final resolution on the listing issue was reportedly passed at Thursday’s meeting. Directors considered various options available to the company to comply with regulatory requirements.
Tata Sons has been facing renewed regulatory pressure after the RBI rejected its request for exemption from mandatory listing rules. The issue has emerged as one of the key challenges for the holding company and is expected to remain a major focus during Chandrasekaran’s next proposed term.
The reappointment will now proceed to the shareholder level, where Tata Trusts’ position is expected to be crucial. Until the required approval is secured, the board’s decision remains subject to the company’s corporate approval process.