The Tata Trusts board meeting on Friday, Oct. 10, will not take up any resolution to withdraw nominees from Tata Sons, according to people familiar with the matter. The meeting's key agenda will focus on how to deploy Rs 1,700 crore in dividend recently received from Tata Sons towards charitable and philanthropic initiatives.
Sources said the meeting is expected to be largely administrative, covering routine trust operations, funding updates, and compliance reviews. No discussions are likely on trustee appointments or renewal of terms, including that of some of the trustee, whose three-year term ends on Oct. 31.
Tensions within the Trusts, however, remain elevated. An email from one trustee to others, viewed internally as a veiled threat to remove Venu Srinivasan from the Tata Sons board, has deepened the rift among trustees ahead of the meeting.
The Tata Trusts, which together hold about 66% of Tata Sons, have been witnessing growing unease between two camps — one perceived as aligned with Noel Tata, focused on preserving continuity, and the other advocating a more independent governance framework.
Efforts are reportedly underway to restore balance and defuse tensions, even as the rift has drawn attention in New Delhi, with hopes of a resolution soon. For now, the October 10 meeting is expected to stay focused on charitable allocations and routine matters, with larger governance issues may be taken up at a later stage.
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