Tata Sons AGM: Board Appointments, IPO Status And More On The Agenda
The AGM on August 14 will see shareholders appoint Noel Tata as a non-executive director to the board of Tata Trusts.
The holding company of Tata group, Tata Sons Pvt. Ltd., will hold its annual general meeting on Aug. 14, 2025, according to a notice issued to the shareholders of the company.
The 2025 Annual General Meeting, first after the death of former group Chairman Ratan Tata, will see the shareholders appoint Noel Tata as a non-executive director to the board of Tata Sons Pvt. Ltd. Noel Tata will represent Tata Trusts on the group holding company board as per the shareholder notice. Tata was appointed as an additional director in October 2024 pending confirmation at the AGM.
Tata Sons AGM: Closer Look
Apart from the appointment of Noel Tata, which will be through a special resolution, the shareholders will also re-appoint Saurabh Agrawal and Anita Marangoly George as Independent Directors for three years.
Among other agenda items are approval of the financials of the company, reappointment of Mr. Venu Srinivasan as an Independent Director and Saurabh Agrawal as a director.
Ajay Piramal has not offered for re-appointment as his re-appointment mention is absent from the notice to the shareholders. Both Venu Srinivasan and Ajay Piramal came on Tata Sons' board in August 2016.
Tata Sons: Financials
India's largest conglomerate, Tata Sons, saw its total revenue dip by 12% to Rs 38,834.58 crore in the financial year 2024-25. The group had revenue of Rs 43,893 crore in the previous year on the back of other income of Rs 20,036 crore. The other income in the previous year was on account of proceeds from the buyback of shares of TCS.
Profit for the year also dipped by 24% to Rs 26,231.74 crore from 34,653.98 crore. The holding company for the Tata group companies earns most of its revenue from dividends received from its group companies.
Dividend income for the year rose to Rs 36,149.05 crore from Rs 21,528.94 crore in the previous year. Its flagship arm, Tata Consultancy Services Ltd., accounted for Rs 32,184.19 crore of the dividend income earned during the year.
At the end of FY25, the group had fully paid all liabilities and borrowings and had zero liabilities from financing activities. Tata Sons has applied to the Reserve Bank of India to be removed from the category of Upper Layer NBFC. This move will allow the company to avoid a listing on the stock exchanges, as RBI mandates require all Upper Layer NBFCs to be listed by September 2025.
During the year ended March 31, 2024, the company had applied to RBI for voluntary surrender of the Certificate of Registration as a CIC and to continue as an ‘Unregistered CIC’, in accordance with the prescribed procedure. The application is under examination by RBI.Tata Sons Annual Report 2025
The status of Tata Sons' application to the RBI and pending IPO is likely to be discussed as part of the AGM.
