The development gains significance as Tata Sons holds a majority stake in Tata Investment. According to the December quarter shareholding pattern, Tata Sons holds a 68.51% stake in the company, NSE data showed. In Q3, Tata Investment Corp Ltd saw its retail shareholder count rise from 1.57 lakh to 2.35 lakh, an addition of 0.78 lakh.
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The resolution marks an exception to the retirement policy applicable to non-executive roles after the age of 65. A similar waiver was granted in 2016 when Ratan Tata succeeded Cyrus Mistry as chairman.
Tata Trusts, the majority shareholder of the Tata Group holding company, had already passed a unanimous resolution in October last year to reappoint Chandrasekaran in an executive role. Separately, the top management of Tata Consultancy Services (TCS) will make a presentation to the Tata Sons board next week on its artificial intelligence pivot, the report added.
This is aimed at addressing board concerns following the stock market sell-off in technology stocks, including TCS, amid rapid AI-led innovations. Increased oversight of TCS comes as global AI advancements, such as Claude Cowork, begin to threaten traditional IT services business models.
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For the group, 2025 was a challenging period. Tata Sons said in its annual report that the year began with optimism, underpinned by expectations of macroeconomic stability and recovery amid global growth, slowing inflation and tailwinds from falling interest rates. However, this macro narrative shifted as policy uncertainty rose sharply following dramatic shifts in trade policy. Tata Sons posted a 24% rise in FY25 revenue to Rs 5.92 lakh crore while net profit fell 17% to Rs 28,898 crore from a year ago.
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