Tata Sons AGM in doubt over quorum issue

The annual general meeting (AGM) of Tata Sons, majority owned by two trusts, Sir Ratan Tata Trust (SRTT) and Sir Dorabji Tata Trust (SDTT), faces uncertainty due to a potential quorum issue. The Maharashtra Charity Commissioner has not lifted curbs on the trusts, casting doubt on the validity of the Tuesday AGM. One of the trusts, SDTT, has informed Tata Sons that the required quorum for the AGM is not present.

Despite this, officials close to the matter suggest that the meeting could proceed if the requisite quorum under the Companies Act is met. Chairman N Chandrasekaran, who is set to retire by rotation, may continue in his role until a valid AGM is held. SDTT, which holds around 28% of Tata Sons, has not sought relief from the Bombay High Court and is awaiting the charity commissioner's decision on SRTT's participation in the AGM.