{"id":25619,"date":"2026-09-18T04:01:48","date_gmt":"2026-09-18T04:01:48","guid":{"rendered":"https:\/\/koshalsambada.in\/?p=25619"},"modified":"2026-09-18T04:01:48","modified_gmt":"2026-09-18T04:01:48","slug":"tatas-a-house-brutually-divided-tata-sons-board-gives-chandrasekaran-5-more-years-move-illegal-say-trusts","status":"publish","type":"post","link":"https:\/\/koshalsambada.in\/?p=25619","title":{"rendered":"Tatas, a house brutually divided: Tata Sons board gives Chandrasekaran 5 more years; move illegal, say Trusts"},"content":{"rendered":"


\n<\/p>\n

<\/p>\n
\n
\n
\n
\n
\n
\n
\n
\"Tatas,<\/div>\n<\/div>\n<\/div>\n
The vote exposed differences among Trusts\u2019 own nominee directors.<\/span><\/div>\n<\/section>\n<\/div><\/div>\n<\/div>\n

MUMBAI: In an unprecedented break with its principal shareholders, Tata Sons<\/a>\u2019 board Thursday voted to reappoint N Chandrasekaran<\/a> as executive chairman for another five years, defying Tata Trusts, which called the resolution \u201ca legal nullity\u201d, exposing a split over leadership and strategy at India\u2019s largest conglomerate.A Tata Sons statement after the board meeting said, \u201cChandra acceded to the board\u2019s request to reconsider his decision\u201d, capping a dramatic about-turn by the chairman who had ruled himself out about a month back for lack of unanimous board-level support. The board voted by four votes to one to reappoint him. Noel Tata, chairman of Tata Trusts, cast the sole dissenting vote while Chandra abstained.The vote exposed differences among Trusts\u2019 own nominee directors. Article 121A of Tata Sons\u2019 articles requires a majority of nominee directors to back a chairman\u2019s reappointment. Trusts vice-chairman Venu Srinivasan voted in favour; Noel voted against. That deadlock left Harish Manwani, the independent director (ID) who chaired the meeting for this proposal, to cast the deciding vote, resulting in the resolution being approved 4-1 (Anita George, an ID, and Saurabh Agrawal, group CFO & exec director, voted for Chandra).A question mark hangs over the chairmanship though, as reappointment needs to be confirmed by shareholder approval at the next AGM.The board also resolved to begin complying with RBI\u2019s upper-layer NBFC rules, including a mandatory listing, and said it would seek guidance from the Trusts and other stakeholders on the issue.Trusts, however, said they would press ahead with identifying a successor to Chandra and explore other options to avoid listing. Trusts also said they would push for a selection panel that would proceed under Tata Sons\u2019 Articles of Association as part of an \u201corderly and timely leadership transition.\u201d<\/div>\n<\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

The vote exposed differences among Trusts\u2019 own nominee directors. MUMBAI: In an unprecedented break with its principal shareholders, Tata Sons\u2019 board Thursday voted to reappoint N Chandrasekaran as executive chairman for another five years, defying Tata Trusts, which called the resolution \u201ca legal nullity\u201d, exposing a split over leadership and strategy at India\u2019s largest conglomerate.A […]<\/p>\n","protected":false},"author":1,"featured_media":25620,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[31],"tags":[],"class_list":["post-25619","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-31"],"magazineBlocksPostFeaturedMedia":{"thumbnail":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/tata-sons-board-votes-to-reappoint-chandrasekaran-for-third-term.jpg","medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/tata-sons-board-votes-to-reappoint-chandrasekaran-for-third-term.jpg","medium_large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/tata-sons-board-votes-to-reappoint-chandrasekaran-for-third-term.jpg","large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/tata-sons-board-votes-to-reappoint-chandrasekaran-for-third-term.jpg","1536x1536":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/tata-sons-board-votes-to-reappoint-chandrasekaran-for-third-term.jpg","2048x2048":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/tata-sons-board-votes-to-reappoint-chandrasekaran-for-third-term.jpg","blogsy-small":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/tata-sons-board-votes-to-reappoint-chandrasekaran-for-third-term.jpg","blogsy-small-tall":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/tata-sons-board-votes-to-reappoint-chandrasekaran-for-third-term.jpg","blogsy-small-square":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/tata-sons-board-votes-to-reappoint-chandrasekaran-for-third-term.jpg","blogsy-small-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/tata-sons-board-votes-to-reappoint-chandrasekaran-for-third-term.jpg","blogsy-medium":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/tata-sons-board-votes-to-reappoint-chandrasekaran-for-third-term.jpg","blogsy-medium-masonry":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/tata-sons-board-votes-to-reappoint-chandrasekaran-for-third-term.jpg","blogsy-large":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/tata-sons-board-votes-to-reappoint-chandrasekaran-for-third-term.jpg","blogsy-wide":"https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/tata-sons-board-votes-to-reappoint-chandrasekaran-for-third-term.jpg"},"magazineBlocksPostAuthor":{"name":"admin","avatar":"https:\/\/secure.gravatar.com\/avatar\/8709732a479614e7a8aa24d3eb1b239f30dc6d90c61464ed495001e7a469d856?s=96&d=mm&r=g"},"magazineBlocksPostCommentsNumber":"0","magazineBlocksPostExcerpt":"The vote exposed differences among Trusts\u2019 own nominee directors. MUMBAI: In an unprecedented break with its principal shareholders, Tata Sons\u2019 board Thursday voted to reappoint N Chandrasekaran as executive chairman for another five years, defying Tata Trusts, which called the resolution \u201ca legal nullity\u201d, exposing a split over leadership and strategy at India\u2019s largest conglomerate.A […]","magazineBlocksPostCategories":["\u0b26\u0b47\u0b36 \u0b2c\u0b3f\u0b26\u0b47\u0b36"],"magazineBlocksPostViewCount":1,"magazineBlocksPostReadTime":2,"magazine_blocks_featured_image_url":{"full":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/tata-sons-board-votes-to-reappoint-chandrasekaran-for-third-term.jpg",400,225,false],"medium":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/tata-sons-board-votes-to-reappoint-chandrasekaran-for-third-term.jpg",300,169,false],"thumbnail":["https:\/\/koshalsambada.in\/wp-content\/uploads\/2026\/09\/tata-sons-board-votes-to-reappoint-chandrasekaran-for-third-term.jpg",150,84,false]},"magazine_blocks_author":{"display_name":"admin","author_link":"https:\/\/koshalsambada.in\/author\/admin"},"magazine_blocks_comment":0,"magazine_blocks_author_image":"https:\/\/secure.gravatar.com\/avatar\/8709732a479614e7a8aa24d3eb1b239f30dc6d90c61464ed495001e7a469d856?s=96&d=mm&r=g","magazine_blocks_category":"\u0b26\u0b47\u0b36 \u0b2c\u0b3f\u0b26\u0b47\u0b36<\/a>","_links":{"self":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts\/25619","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=25619"}],"version-history":[{"count":0,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/posts\/25619\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=\/wp\/v2\/media\/25620"}],"wp:attachment":[{"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=25619"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=25619"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/koshalsambada.in\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=25619"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}