Tata Sons AGM faces delay as board split over succession

Tata Sons' annual general meeting (AGM) is scheduled for Tuesday but faces possible adjournment due to a lack of quorum. According to reports, the Sir Ratan Tata Trust and Sir Dorabji Tata Trust have been unable to jointly nominate a representative, whose presence is required for the meeting to proceed. If called off, it would be the first such instance in Tata Sons' history.

The AGM comes amid a leadership crisis. N Chandrasekaran has said he will not seek reappointment as chairman when his term ends on 20 February 2027. In a statement, he noted that the proposal for his extension was not carried through because one board member, Tata Trusts Chairman Noel Tata, did not support it. Times Now reports that Noel Tata visited New Delhi on Saturday and met Home Minister Amit Shah and a senior PMO official.

The Economic Times, as cited by Livemint, reports that directors are divided: some favour asking Chandrasekaran to reconsider, while others want to begin the search for a successor. Separately, the Maharashtra Charity Commissioner is examining allegations around the 1989 transfer of 833 Tata Sons shares. Tata Trusts has maintained the transaction was lawful. The Charity Commissioner has not made a final determination.