New Delhi, Aug. 12 -- N Chandrasekaran, Chairman of Tata Sons, has decided not to offer himself for reappointment when his current term ends on February 20, 2027, after the company's Board failed to reach a consensus on extending his tenure.

In a statement issued on Wednesday, Chandrasekaran said the Sir Dorabji Tata Trust and Sir Ratan Tata Trust had unanimously resolved and recommended extending his next term by five years. The proposal was subsequently recorded and recommended by the Tata Sons Nomination and Remuneration Committee and the Board.

However, the proposal did not receive the required support at the Tata Sons Board meeting held on February 24, 2026.

"However, the proposal was not carried through because one of the Board M...