Tata Sons Board to Approve N Chandrasekaran’s 3rd Term and Call EGM

Tata Sons is set to formalise the reappointment of N Chandrasekaran as executive chairman for a 3rd term and to convene an extraordinary general meeting (EGM) to endorse the decision, as per The Economic Times report. 

Board Approval of Chandrasekaran’s 3rd Term 

The board will meet next week to vote on the resolution that extends Chandrasekaran’s tenure as executive chairman for a 3rd term, a year before the current 2nd term expires.  

The move requires a waiver of the retirement rule that normally applies to non executive roles after age 65. Chandrasekaran, who will turn 63 in June, has been with Tata Sons since 2016 and became chairman in January 2017. 

Extraordinary General Meeting Schedule 

Following board approval, an EGM will be called to obtain shareholder endorsement for the reappointment.  

Tata Trusts, the majority shareholder, had already passed a unanimous resolution in October 2024 to support the executive role. The EGM is expected to be held within the next fortnight, providing a formal platform for shareholders to ratify the board’s decision. 

Read More: Tata Sons Appoints Former Civil Aviation Secretary Pradeep Singh Kharola as Advisor to Steady Air India! 

Financial Highlights of Tata Sons FY25 

Tata Sons reported a 24% increase in FY25 revenue to ₹5.92 lakh crore, while net profit declined 17% to ₹28,898 crore compared with the previous year.  

Group‑wide revenue from listed and unlisted entities reached ₹15.34 lakh crore, with a net profit of ₹1.13 lakh crore and a market capitalisation of ₹24.39 lakh crore. 

Strategic Initiatives Under Chandrasekaran 

Key initiatives include investments of $120 billion in semiconductors, electric vehicle batteries and Air India.  

The board will also review updates from Tata Electronics and Air India. TCS management is slated to present its AI strategy to the board, addressing recent market volatility in technology stocks. 

Conclusion 

The upcoming board resolution and EGM will confirm Chandrasekaran’s continuation as executive chairman, ensuring leadership stability as Tata Sons navigates its strategic investments and financial performance. 

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