Darius Khambata Declines Reappointment to Two Tata Trusts Amid Governance Differences
What Happened
Senior advocate Darius Khambata declined reappointment to the Sir Dorabji Tata Trust and Sir Ratan Tata Trust in a November 2, 2026, letter to chairman Noel Tata and CEO Siddharth Sharma. With his term ending November 9, Khambata cited concerns about trustee independence and reiterated his opposition to listing Tata Sons.
Key Takeaways
Khambata's decision highlights disagreements within Tata Trusts over governance and Tata Sons' proposed listing. He also questioned regulatory discussions with the RBI and supported providing an exit option for the Shapoorji Pallonji Group.