Tata Trusts circulates proposal to reappoint Mehli Mistry as lifetime trustee: Sources

Tata Trusts has circulated a proposal to reappoint Mehli Mistry as a trustee of its key philanthropic bodies, a move that would make him a lifetime trustee, according to sources close to Tata Group.

Mistry’s current term ends on October 28, and his continuation would require unanimous approval from all trustees. If cleared, his position would be subject to review upon turning 75, sources added.

Separately, Venu Srinivasan, Chairman Emeritus of TVS Motor Company, has been reappointed as a lifetime trustee. Tata Trusts has already circulated a note seeking trustee approval for his renewal, with responses due by October 23, according to the sources.

Earlier, sources close to Tata Group told CNBC-TV18 that Mistry had set a precedent while approving Srinivasan’s reappointment on the Sir Dorabji Tata Trust Board. He reportedly conveyed that all future trustee reappointments at Tata Trusts must be unanimous and said he would withdraw support if unanimity was not upheld.

The Sir Dorabji Tata Trust and the Sir Ratan Tata Trust together hold a 51% stake in Tata Sons, while the Shapoorji Pallonji Group owns around 18%.

While reports have suggested internal differences within Tata Trusts—which collectively control about 66% of Tata Sons—sources close to Tata Group dismissed suggestions of a rift, noting that differing opinions are natural in large institutions.

Experts, however, continue to call for stronger governance and greater transparency at Tata Sons, with some reiterating that a potential listing of the holding company could offer more clarity and an exit route for minority shareholders.

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