Tata Sons amends articles of association at AGM to split top roles

The resolutions to renew the directorship of Ajay Piramal and Venu Srinvasan were also cleared by the shareholders

The shareholders of Tata Sons, the holding company of the $128-billion salt-to-software group, on Tuesday cleared a significant amendment to the articles of association (AoA) related to leadership at the annual general meeting (AGM). With this, Tata Sons and Tata Trusts, which own 66 per cent of the group, must have separate chairmen.       

Ratan Tata, who chairs the Tata Trusts, also held the position of Tata Sons chairman till 2012. The subsequent Tata Sons chairmen—Cyrus Mistry and N Chandrasekaran—have not chaired Tata Trusts, but there was no   provision for a legal separation of the two positions.