18
Sep
Tata Trusts on Thursday reiterated that the resolution seeking to reappoint Tata Sons Chairman N. Chandrasekaran is “illegal”, asserting that his earlier decision not to seek another term had already attained finality and that the succession process should proceed under the company’s Articles of Association. The Trusts said Chandrasekaran had informed the Tata Sons Board on August 12 that he would not offer himself for reappointment after his tenure ends on February 20, 2027. According to the Trusts, they formally accepted the decision the following day and advised the company to constitute a Selection Committee to appoint a successor. At…
