Noel Tata, Chairman of Tata Trusts
Tata Trusts Chairman Noel Tata and his boy Neville have actually asked the Charity Commissioner of Maharashtra(CCM)to hear them before passing any order on problems of mis-governance in the Sir Dorabji Tata Trust (SDTT).
A source stated Tata sent a letter to the CCM through his legal representative on Wednesday following trustee Venu Srinivasan’s plea to limit him from voting at the Tata Sons Annual General Meeting (AGM).
Srinivasan, Chairman Emeritus of TVS Motor Company, is a trustee of SDTT, the biggest investor amongst the Tata Trusts.
Sir Ratan Tata Trust (SRTT), which is the second-largest investor, is currently dealing with a regulative probe and has actually been disallowed from convening given that May following Srinivasan’s problem.
His newest objections intensify stress that have actually divided the trustees on concerns such as the listing of Tata Sons shares and the reappointment of Tata Sons Chairman N Chandrasekaran for a 3rd term.
Tata Trusts did not comment.
Srinivasan’s problem comes from concerns surrounding the controversial Tata Sons board conference hung on September 17. Board members, consisting of Srinivasan, voted 4-1 to provide Chandrasekaran a 3rd term in workplace from February 2027, with Noel Tata as the only dissenter.
Power grab
In his grievance, Srinivasan stated the SDTT attempted to avoid him from taking part in and ballot on the concern of the listing of Tata Sons at a board conference by releasing a circular. Srinivasan explained this action as an effort to effect a power grab within the SDTT and, through it, to determine what Tata Sons ought to do rather of enabling its board to objectively examine the offered options on their benefits.
Srinivasan stated Tata’s views prompting the board to check out choices aside from listing, and his participation in conversations with the Shapoorji Pallonji Group over monetisation of its 18 percent stake, raised issues about the direct participation of the SDTT in the industrial affairs of Tata Sons. This likewise positions threats to the charitable status of Tata Trusts, he stated.
“Such conduct makes up mismanagement of the affairs and residential or commercial property of the SDTT and a breach of responsibilities owed by its trustees,” he stated.
He has actually required an instant questions into the administration of the SDTT, the consultation of Noel Tata as its Chairman, and the situations surrounding his boy Neville’s visit to the board.
Limiting order
Significantly, he has actually asked the CCM to direct Tata not to take part in or vote at any conference worrying the visit of a candidate or proxy for the Tata Sons AGM. He has actually likewise looked for an order limiting Tata from voting at the AGM and at Tata Sons board conferences. Srinivasan has actually likewise requested for status quo in the structure of the SDTT board pending conclusion of the probe.
The CCM constraints on the SRTT have actually currently triggered a logjam. The Tata Sons AGM on August 18 needed to be adjourned for the very first time ever due to an absence of quorum arising from the restriction on the SRTT.
As an outcome, Tata Sons has actually been not able to settle its FY26 accounts and state a dividend of 4,474 crore to its investors. The AGM is likewise expected to use up Chandrasekaran’s reappointment as a director retiring by rotation.
Released on September 30, 2026