Tata Group stocks drop 4% following the resignation of chairman N. Chandrasekaran, who will complete his term.

Tata Sons chairman N. Chandrasekaran will step down in February 2027, citing lack of unanimous board support for reappointment.

Chandrasekaran has spent 40 years of his professional life with the Tata Group, starting his journey with TCS in 1987.

The resignation comes ahead of the company's annual general meeting, scheduled for August 18.

Tata Sons Chariman N Chandrasekaran said that he will not be offering himself for a re-appointment at the end of his tenure in February 2027. In a statement, Chandrasekaran cited continuing uncertainty over whether or not the Tata Sons board intended to re-appoint him as the reason behind his decision.

N Chandrasekaran resigns as Tata Sons Chairman after earning Rs 158.6 crore in FY26.

New Delhi, Aug 12: N Chandrasekaran, Chairman of Tata Sons, has decided not to seek reappointment when his current term ends on February 20, 2027, after the company’s Board failed to reach unanimous support on extending his tenure. In a statement issued on Wednesday, Chandrasekaran said the Sir Dorabji Tata Trust and Sir Ratan Tata […]