Tata Sons Defers Decision on Natarajan Chandrasekaran's Third-Term Extension

Tata Sons deferred the decision on Chairman Natarajan Chandrasekaran's third-term extension after a board meeting revealed differences, primarily due to concerns raised by Tata Trusts chairman Noel Tata. Noel highlighted losses in group companies like Air India, debt levels, and the risk of a public listing, seeking written assurances and conditions before approval. While most directors supported Chandrasekaran's reappointment, he proposed deferring the decision to maintain consensus. The board plans to revisit the matter in June 2026.