Bengaluru, June 23 -- Noel Tata will retire as chairman of Trent Ltd, ending a near three-decade journey with the retailer he helped transform from a post-Lakme retail venture into one of India's largest fashion chains.

"As you might be aware, this will be my last annual general meeting as chairman," Tata told shareholders at Trent's 74th annual general meeting on Monday.

The move comes as Tata turns 70 in November, the retirement age prescribed for non-executive directors under Tata Group governance guidelines adopted by Trent. The company's annual report states that non-independent non-executive directors retire at 70, while executive directors retire at 65 and independent directors at 75.

In 2024, he was appointed chairman of Tata T...