Bengaluru and Mumbai, Oct. 23 -- Four of the seven trustees of Tata Trusts have termed the appointment of TVS Motor Corp. chair emeritus Venu Srinivasan as a lifelong trustee a "procedural formality" referring to a unanimous decision granting themselves permanent positions in October last year.

With the approval, the four trustees - former Citibank India CEO Pramit Jhaveri, Mumbai lawyer Darius Khambata, businessman Mehli Mistry, and Pune-based philanthropist and businessman Jehangir HC Jehangir - have also said that all other trustees get similar lifelong trusteeships when their terms come up for reappointment.

The united stand of the four trustees comes at a time when Mistry's reappointment as a permanent trustee comes up for renewal ...