Tata Group stocks in focus as Tata Sons Board meets today to decide on N. Chandrasekaran’s third term

Tata Group stocks are expected to stay in sharp focus as Tata Sons convenes its board meeting today (February 24), where directors are likely to take up the proposal to approve a third term for Chairman N. Chandrasekaran, a full year before his current tenure ends in February 2027.

Chandrasekaran, first appointed in 2017 and reappointed unanimously in 2022, is set for a crucial leadership review that could shape the future strategy of the salt‑to‑semiconductors conglomerate. The meeting will put focus on key Tata counters such as Tata Consultancy Services, Tata Electronics, and Air India as the scheduled board meeting will also likely review the financial and operational performance of group firms.

Shareholding of Tata Sons

Recently, there were efforts to consider the induction of chairman Noel Tata's son, Neville Tata, as a trustee of the Sir Ratan Tata Trust (SRTT) and a board meeting was scheduled for the purpose last month.

However, the SRTT cancelled the board meeting. In contrast, board meetings of Sir Dorabji Tata Trust (SDTT) and Tata Education and Development Trust (TEDT) proceeded as scheduled.

The cancellation suggests that Neville's appointment may have been pushed back to give trustees more time for discussions - since appointing a trustee requires unanimous approval. No new date for the SRTT meeting has been notified yet.

Sir Ratan Tata Trust (SRTT), Sir Dorabji Tata Trust (SDTT), and Tata Education and Development Trust (TEDT) have several trustees in common. Except for Jehangir HC Jehangir and Jimmy Tata, the other SRTT trustees — Noel, Venu Srinivasan, Vijay Singh and Darius Khambata — also serve on SDTT’s board and participated in the meeting last month.