{"id":61272,"date":"2026-11-03T06:20:53","date_gmt":"2026-11-03T06:20:53","guid":{"rendered":"https:\/\/waqtdiawaz.com\/index.php\/2026\/11\/03\/chandras-reappointment-has-sullied-tata-sons-image-darius-khambata\/"},"modified":"2026-11-03T06:20:53","modified_gmt":"2026-11-03T06:20:53","slug":"chandras-reappointment-has-sullied-tata-sons-image-darius-khambata","status":"publish","type":"post","link":"https:\/\/waqtdiawaz.com\/index.php\/2026\/11\/03\/chandras-reappointment-has-sullied-tata-sons-image-darius-khambata\/","title":{"rendered":"Chandra\u2019s reappointment has sullied Tata Sons\u2019 image: Darius Khambata"},"content":{"rendered":"


\n<\/p>\n

\n
\"Outgoing<\/picture><\/div>\n

\n Outgoing Tata Trusts board member\u00a0Darius Khambata. File
\n | Photo Credit: Special arrangement\n <\/p>\n<\/div>\n

\n
\n

Tata Sons board\u2019s September 17 decision to grant N. Chandrasekaran a third term as chairman<\/a> has sullied the company\u2019s reputation, outgoing Tata Trusts board member Darius Khambata has said.<\/p>\n

Also read | Tata Trusts dissents to reappointment of N. Chandrasekaran as Tata Sons chairperson<\/a><\/b><\/strong><\/p>\n

Mr. Khambata expressed this view in a letter to Tata Trusts chairman Noel Tata<\/a> while declining another term in office.<\/p>\n

\u201cThe sad events of September 17, 2026, a day that will live in infamy, have sullied Tata Sons\u2019 reputation and imperilled the image of corporate India. No amount of spin doctoring can mask what happened,\u201d Mr. Khambata wrote on Monday (November 2, 2026).<\/p>\n

\n
\n
\"\"<\/div>\n<\/div>\n<\/div>\n

\u201cWould the board of Tata Sons have acted as it did on September 17 had Ratan Tata still been alive? Of course not. But duties are owed to institutions, not individuals. And as Ratan Tata used to say, the institution is always bigger than the individual,\u201d he said.<\/p>\n

Tata himself has opposed Mr. Chandrasekaran\u2019s reappointment and has termed the board\u2019s decision void. Mr. Khambata, a senior lawyer, has been a trustee of the Sir Dorabji Tata Trust (SDTT) and the Sir Ratan Tata Trust (SRTT), the two key shareholders of Tata Sons, since 2023. Within the organisation, Mr. Khambata has been an ally of Noel Tata on issues such as retaining Tata Sons\u2019 private status.<\/p>\n

The issue has divided the trusts, with fellow board members Vijay Singh and Venu Srinivasan supporting a share sale.<\/p>\n

The SRTT continues to be under a regulatory ban. Mr. Khambata\u2019s term at SDTT was due to end in November, and he is believed to have opted against reappointment in anticipation of opposition from Srinivasan and Singh. An executive with the trusts said Tata continues to hold a majority within the trusts despite Mr. Khambata\u2019s exit.<\/p>\n

Tata Sons declined to comment on Mr. Khambata\u2019s letter. In his letter, Mr. Khambata highlighted key resolutions, including those opposing the listing of Tata Sons shares.<\/p>\n

\u201cSince May 2025, I have consistently maintained that opposition to listing must go hand in hand with providing liquidity to the Shapoorji Pallonji group through the sale of some or all of their shares,\u201d he wrote. He also criticised Mr. Singh and Mr. Srinivasan for working against the trusts. \u201cIt is now untenable to argue that a nominee director of a public charitable trust, particularly a serving trustee, may act against the trust\u2019s interests merely because he owes a duty to the company. He sits on the board precisely to protect the trusts. There cannot be two classes of trustees, those who are nominee directors and those who are not. All trustees owe an equal fiduciary duty to the trust,\u201d he said.<\/p>\n

(The writer is with The Hindu businessline)<\/i><\/b><\/p>\n<\/div>\n

\n

Published – November 03, 2026 06:06 am IST<\/span><\/p>\n<\/div>\n<\/div>\n


\n
Source link <\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

Outgoing Tata Trusts board member\u00a0Darius Khambata. File | Photo Credit: Special arrangement Tata Sons board\u2019s September 17 decision to grant N. Chandrasekaran a third term as chairman has sullied the company\u2019s reputation, outgoing Tata Trusts board member Darius Khambata has said. Also read | Tata Trusts dissents to reappointment of N. Chandrasekaran as Tata Sons […]<\/p>\n","protected":false},"author":1,"featured_media":61273,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9],"tags":[],"class_list":["post-61272","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-industry"],"_links":{"self":[{"href":"https:\/\/waqtdiawaz.com\/index.php\/wp-json\/wp\/v2\/posts\/61272","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/waqtdiawaz.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/waqtdiawaz.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/waqtdiawaz.com\/index.php\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/waqtdiawaz.com\/index.php\/wp-json\/wp\/v2\/comments?post=61272"}],"version-history":[{"count":0,"href":"https:\/\/waqtdiawaz.com\/index.php\/wp-json\/wp\/v2\/posts\/61272\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/waqtdiawaz.com\/index.php\/wp-json\/wp\/v2\/media\/61273"}],"wp:attachment":[{"href":"https:\/\/waqtdiawaz.com\/index.php\/wp-json\/wp\/v2\/media?parent=61272"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/waqtdiawaz.com\/index.php\/wp-json\/wp\/v2\/categories?post=61272"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/waqtdiawaz.com\/index.php\/wp-json\/wp\/v2\/tags?post=61272"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}