Months after Ratan Tata's death, BIG decision by Tata Sons shareholders, appoints Noel Tata as…, passes resolutions at…
The AGM, conducted virtually, was described as being held in a highly positive atmosphere, with every resolution under both ordinary and special business categories receiving unanimous approval, reported PTI citing sources. Tata Sons Shareholders Appoint Noel Tata As Director
Among the special business was the appointment of Noel N Tata, the Chairman of Tata Trusts, as a director of the company. He was appointed by the board of directors as an Additional Director with effect from October 22, 2024, after the death of Ratan Tata.
'His appointment and all six other resolutions were passed unanimously. The Shapoorji Pallonji Group also supported all the resolutions. These are good times for the (Tata) group,' said a source. Tata Sons AGM 2025: What Are Key Decisions?
The other resolutions in the AGM include reappointment of Venu Srinivasan, Chairman Emeritus of TVS Motor Company, as a Director of Tata Sons and declare dividend on preference shares and ordinary shares of the company for the financial year 2024-25.
As per Tata Sons annual report for 2024-25, the directors had recommended a dividend of Rs 64,900 per share on 4,04,146 ordinary shares as compared to Rs 35,000 in previous fiscal. The directors had also recommended a dividend on cumulative redeemable preference shares amounting to Rs 13 lakh for 2024-25. It was Rs 19.78 crore in the previous fiscal.
The other special business approved in the AGM was the appointment of Anita Marangoly George as a director. The board of directors had appointed George as an Additional Director with effect from July 12, 2025.
The re-appointment of Saurabh Agrawal as a director, along with the standalone and consolidated financial statements, was also approved unanimously by the shareholders of Tata Sons, the sources said.
(With Inputs From PTI)
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