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

The Tata Sons board deferred a decision on extending Chairman Natarajan Chandrasekaran's tenure for a third five-year term, originally set to conclude in February 2027. The deferment followed disagreements, notably from Tata Trusts chairman Noel Tata, who raised concerns over losses in new businesses and sought assurances on debt, capital expenditure, and the company's non-listing status. Other board members supported Chandrasekaran, attributing losses to greenfield investments. Chandrasekaran requested the deferment, emphasizing the need for consensus. The decision reflects ongoing governance dynamics within the Tata Group amid its expansion into sectors like semiconductors, electric mobility, and aviation.