Overview
- Trustees unanimously reappointed TVS Group chairman emeritus Venu Srinivasan as a lifetime trustee this week before his term’s October 23 expiry.
- The decision on Mehli Mistry’s renewal remains unresolved as his term ends October 28, with trustees split on whether continuation is automatic or requires unanimous approval.
- Minutes cited from an October 17, 2024 joint meeting state trustees are to be reappointed without tenure limits until age 75 and characterize votes against renewal as a breach.
- Sources say any breach could trigger a reopening of past resolutions, including Noel Tata’s appointment to the Tata Sons board.
- Tata Trusts, which holds 66% of Tata Sons, declined to comment while media reports describe internal alignments within the Trusts.