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Tata Sons reappoints N. Chandrasekaran as chairman for five years

By Drooid · Sep 20, 2026, 3:59 PM UTC · How we work

Summary

Tata Sons Reappoints

Tata Sons board reappointed N Chandrasekaran as chairman for a five-year term on 17 September 2026.
The 4-1 vote, with Noel Tata dissenting, was decided by Harish Manwani’s casting vote.
Tata Trusts, owners of about 66 % of Tata Sons, declared the resolution a legal nullity.
The Trusts will challenge the reappointment at the AGM, citing former Chief Justice D Y Chandrachud’s opinion.

Summary

RBI Urges Listing

Tata Group’s market capitalisation fell by INR42,000 crore after the board dispute.
Tata Consultancy Services lost over INR30,000 crore in market value.
Tata Trusts warned that a shareholder-level vote at the upcoming AGM could decide Chandrasekaran’s fate.
The Reserve Bank of India urged Tata Sons to pursue an immediate stock-market listing on September 11.
Senior Supreme Court advocate Abhishek Manu Singhvi will lead Tata Trusts’ legal team.

Summary

Tata Sons Proposes Buyback

Board discussed a INR25,000 crore share-buyback liquidity proposal for Shapoorji Pallonji Group.
Plan calls for Sterling Investments and Cyrus Investments to sell shares in two tranches over 18 months.
Tata Sons would seek a selective capital reduction through the National Company Law Tribunal to fund the buyback.
Board suggested financing via internal cash flows, listed-share sales, or new investors, pending NCLT approval and further talks.

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Tata Sons Reappoints

Tata Sons board reappointed N Chandrasekaran as chairman for a five-year term on 17 September 2026.
The 4-1 vote, with Noel Tata dissenting, was decided by Harish Manwani’s casting vote.
Tata Trusts, owners of about 66 % of Tata Sons, declared the resolution a legal nullity.
The Trusts will challenge the reappointment at the AGM, citing former Chief Justice D Y Chandrachud’s opinion.

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