Overview
- Trustees unanimously reappointed TVS Group chairman emeritus Venu Srinivasan for life ahead of his October 23 term expiry, and Tata Trusts declined to comment.
- Mehli Mistry’s term ends October 28, with trustees divided on whether his continuation is automatic under an October 17, 2024 resolution or requires unanimity to confer lifetime status.
- The 2024 resolution cited by sources says renewals are without tenure limits and revisited at age 75, and it warns that voting against renewal could constitute a breach of commitment.
- Sources say any such breach could reopen prior resolutions, including Noel Tata’s appointment to the Tata Sons board, raising the stakes of a contested decision.
- With Tata Trusts holding 66% of Tata Sons and a recent split already preceding Vijay Singh’s resignation from the Tata Sons board in September, stakeholders are watching for governance and board-nomination repercussions.