Here’s how the Tata Sons AGM has changed

Nine members of TATA SONS, including Noel Tata, will participate in the AGM of Tata Sons, scheduled at Bombay House, the TATA Group’s Corporate Office on August 14th. Christmas is the largest individual Shareowner of Tata Sons, which has 1% of shares. In addition to being a member of the Board of Directors of Tata Sons, TATA will attend the meeting in its personal capacity as a shareholder.

Participation is important for two reasons. First, former president Ratan Tata’nın Tata Sons shareholder meetings when the only representative of Tata Trusts indicates that there was a departure from the past. Christmas participating in AGM transactions participated in the personal capacity.

In October last year, Christmas took over as the President of TATA trusts after the death of his half -brother Ratan. However, 10 months after Christmas’s term of office, according to a ruler, the benevolent beings with TATA sons seem to have no single individuals.

Sir Dorabji Tata Tata Tata Tata Tata Tata Tata, former defense secretary Vijay Singh and Mehli Most, a businessman and Late President Rata, will represent a close back of Tata, a businessman and late president Rata, who have 27.98% and 23.56% of Tata sons.

Christmas’s three children, Leah, 39, Maya, 36 and 32 -year -old Neville, according to the ruling feature of development, TATA Sons will represent smaller TATA confidences with shares in TATA SONS. Finally, 42 -year -old Tushad Dubash will join the AGM because he is one of the trustees of RD Tata Trust. Dubash was the son of Behram Dubash, a businessman. Behram was a close partner of Late Ratan Tata, who continued his school with late industrialists.

It will also be a representative of the Shapoorji Palonji Group, which has 18.38% of TATA sons.

Since the beginning of 2023, Christmas’s three children began to work in smaller Tata philanthropy organizations. Currently, children are under the 15 charity institutions with TATA confidence. Tata Scions joined the board of Ratan Tata.

Tata Trusts CEO siddhaarth siddhaarth sent an e -mail comment.

“Tata Trusts, Vijay Singh and Mahli Mastry nominated to represent two main confidence, and now showed that there is no singular head with absolute authority on the flagship of the group after the death of Ratan.” He said.

The lack of a leader who commands charitable organizations underlining the decision of Tata Trusts at the end of last year, establishing a Christmas, Srinivasan, Singh and Mahli Mastry. This committee shares equal authority in the execution of decisions taken by the TATA Board of Trustees.

It is also important that Sir Ratan Tata Trust is the only philanthropist being that uses the veto vote and can prevent the implementation of any decision. For this reason, Mahli Mastry, representing Sir Ratan Trust, plays an important role in the operations within Tata Trusts.

Tata Trusts, which has 65.9% of Tata Sons, has three islands on the Tata Sons board of directors. In addition, TVS Motor Ltd President Venu Srinivasan Noel and Vijay are the third representative of Tata Trusts on the Nine -member TATA SONS board of directors.

Tata Sons’ shareholder meeting will approve the appointment of Noel Tata as a member of the Board of Directors. According to the AGM notification, members of the board of directors on the agenda are also re -appointed by Venu Srinivasan and independent director Anita Marangoly George.

At the Tata Sons’ shareholder meeting, more representatives than Tata Trusts, from the parent charitable being, to Tata Group President Natarajan Chandrasekaran, comes to discover possible options to ensure that the Tata Group’s holding company remains special even on September 30, even on July 31, even on July 31. Tata Trusts asked Tata Sons to continue discussions with the Shapoorji Pallonji group to provide an exit to the largest minority shareholder.