Tata Sons has postponed a decision on the reappointment of its chairman N. Chandrasekaran after he requested the board to take up the matter at a later stage. His present tenure is valid until 2027, and there is no immediate requirement to decide on an extension.
The move is being viewed as a step to follow a proper evaluation process at the appropriate time. Chandrasekaran, who has led the group since 2017, has overseen key restructuring, expansion across businesses and significant reduction in debt.
The board is expected to review the issue closer to the end of his current term.