Tata Trusts Say Chandrasekaran Reappointment Invalid, Reject Casting Vote

Tata Trusts Say Chandrasekaran Reappointment Invalid, Reject Casting Vote

Tata Trusts declared the board resolution reappointing N Chandrasekaran as Tata Sons chairman void, saying it lacked required support from both Trust nominee directors. Noel Tata opposed, while Venu Srinivasan backed the move. The Trusts argued a casting vote cannot override Articles of Association rules, escalating a governance dispute ahead of Chandrasekaran's term ending in 2027.

Source: Moneycontrol

More in Business & Finance

Read the live feed on ZapIndies