Tata Sons Chairman Chandrasekaran Will Not Seek Reappointment After Board Deadlock

Tata Sons Chairman N Chandrasekaran, 63, said he will not seek reappointment when his term ends February 20, 2027. His decision followed the board's failure to agree on a five-year extension after one unnamed member withheld support in February. The announcement, days ahead of Tata Sons' annual general meeting, sent shares of listed Tata companies plunging. Tata Trusts, a charitable arm owning 66% of Tata Sons, holds three board seats, complicating succession at the conglomerate behind Air India, Tata Steel, and Jaguar Land Rover.