Tata Sons Board Defers Decision on N Chandrasekaran's Third Term as Chairman

The Tata Sons board deferred a decision on reappointing Natarajan Chandrasekaran as chairman for a third five-year term, with his current tenure ending in February 2027. The deferment followed concerns raised by Tata Trusts chairman Noel Tata about losses in some group companies and the potential listing of Tata Sons due to regulatory requirements. While several board members supported Chandrasekaran, viewing the losses as part of greenfield investments, Chandrasekaran himself recommended postponing the vote to seek consensus. Noel Tata proposed conditions including no debt addition, controlling capital expenditure, managing acquisition losses, and a written commitment against listing Tata Sons. The decision reflects ongoing internal discussions within the group amid its strategic expansion and transformation efforts.