Tata Sons board meeting underway:Group chairman Chandrasekaran’s reappointment not the agenda, say reports

Tata Trust, chairman, Noel Tata, arrived at the Tata group’s headquarters, the Bombay House, in Mumbai for a board meeting of the group’s holding company, Tata Sons on Friday, 12 June, 2026. Tata Steel Managing Director, TV Narendran, also arrived to serve the same purpose. Harish Manwani, Independent Director on the board of Tata Sons, also arrived at the Bombay House to attend the Tata Sons Board meeting. The meeting is being held a few days after the trustees of key Tata Trusts, including Sir Dorabji Tata Trust (SDTT) and Tata Education and Development Trust, held discussions on Monday. Purpose of the board meeting: Earlier, sources had said to news agency, PTI, that the crucial discussion on the reappointment of current chairman N Chandrasekaran may come up at that meeting. But recent reports have denied this claim. Corporate results In FY25, Tata group’s unlisted businesses had posted a loss of ₹10,905 crore, which is likely to go up to ₹29,000 crore, according to reports. It can be noted that the Tata group, which includes the Tata Trusts owning two-thirds of Tata Sons, the holding company of the group, has seen a lot of top-level friction lately, which has included expulsions or attempts to expel some members and also a deferment on a decision on Chandrasekaran’s continuation as the chairman of Tata Sons. Disagreements between Noel Tata Chandrasekaran According to reports, Noel Tata is concerned about the mounting losses at Tata Sons, particularly from new businesses started under Chandrasekaran, such as Tata Digital and the electronics ventures, and also the financially struggling carrier Air India, which was bought from the government a few years ago. Tata Sons IPO Noel Tata is also reluctant to take Tata Sons public through an IPO. At present, Tata Sons, a core investment company, has been classified as among the top-15 non-bank finance companies (NBFCs) by the RBI, which are mandated to list.
Neville Tata, the son of Noel Tata, has already been inducted into a few of the trusts or foundations linked to the group.