Tata Sons: Chandrasekaran will remain the chairman of Tata Sons for 5 more years, Tata Trusts said 'illegal', know what happened after all

Tata Sons: A big news is coming out regarding Tata Group company Tata Sons. Tata Sons Chairman N Chandrasekaran has got an extension on 17 September. Now he will remain the chairman of Tata Sons for the next 5 years after his tenure ends on February 20, 2027. A meeting of Tata Sons, the flagship company of Tata Group, was held on Thursday at Bombay House in Mumbai, in which this decision was taken.

According to sources, Chandrasekaran had told the board of directors that he was not interested in continuing on the post of chairman after the completion of his second term. Now Tata Trust chief Noel N Tata has said in a statement that Chandrasekaran’s decision to step down from the post of chairman was his own decision.

According to media reports, Noel Tata said that the shareholders have accepted the chairman’s decision and now the time has come to take it forward. Tata Trust holds 66 percent stake in Tata Sons. He said that the reappointment of N Chandrasekaran to the post of chairman of Tata Sons is illegal. He has raised questions on the board’s decision to rejoin Chandrasekaran.

In the meeting, the proposal for reappointment of Chandrasekaran was passed by a vote of 4-1. But now questions are being raised as to what has happened. According to the information, Noel Tata voted against this proposal. He also said, “I voted against the proposal for Chandra’s reappointment.

According to media reports, Tata Trust took this decision of Chandrasekaran on his own wish. The next day, Tata Trusts formally accepted this decision and asked Tata Sons to start the process of forming a selection committee to appoint a new chairman. The Trust now says that once their decision of Chandrasekaran not being available for re-appointment became public and the Trust accepted it, then now he cannot be re-appointed.