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The Annual General Meeting of Tata Sons, scheduled for Tuesday, is likely to be adjourned as Sir Ratan Tata Trust, a key shareholder in the holding company of the Tata Group, is unable to nominate a representative due to a regulatory restriction imposed by Maharashtra's Charity Commissioner, people familiar with the matter said. The meeting is scheduled to consider, among other matters, the directorship of Tata Sons Chairman N Chandrasekaran, who has decided not to seek another term when his current tenure ends in February. As per a notice circulated by the company earlier, the AGM is scheduled to be held on Tuesday, August 18, 2026 at 2:30 pm through video-conferencing or other audio-visual means. Apart from taking up Chandrasekaran's renomination as director, the Tata Sons AGM is also supposed to consider and approve the standalone and consolidated financial statements of the company for fiscal year ended March 31, 2026 and to declare dividend on ordinary shares of the company for
Tata Trusts will increase its philanthropic spending to about Rs 2,000 crore in the current fiscal, according to its CEO Siddharth Sharma, who hit back at media focussing only on 'chaos' in the congregation of charities that control Tata Sons, the holding company of the over USD 180 billion Tata Group. Seeking to put "the record straight about the core activity of the Tata Trusts, for which we exist- philanthropy", in a post on LinkedIn, Sharma bemoaned the media amplifying "certain narratives unfortunately, at times, without verification & analysis- that happens", terming it "both the reality and the tragedy of our times". Recollecting how the Tata Trusts came into existence and its purpose, he wrote, "As the majority shareholders in Tata Sons, we deploy, year after year, the dividends that we receive, into philanthropic causes that uplift those at society's margins and help build a nation. This predates, by 122 years, the CSR mandate that was introduced in 2014 for Indian ...