Tata Trusts Trustee Darius Khambata Declines Reappointment Amid Governance Row
What Happened
Senior advocate Darius Khambata has decided not to seek reappointment as trustee of the Sir Dorabji Tata Trust and Sir Ratan Tata Trust. His SDTT term ends on November 9, while his SRTT tenure also expires this month. In his exit letter, Khambata sharply criticised the September 17 Tata Sons board meeting, calling it a “day that will live in infamy.” At that meeting, the board voted 4-1 to retain N Chandrasekaran as chairman and proceed with listing plans, with Noel Tata dissenting.
Key Takeaways
Khambata’s departure adds another layer to the governance dispute within the Tata ecosystem, particularly over Tata Sons’ leadership and potential stock-market listing.