New Delhi, October 6, 2026 (Yes Punjab News)
Senior trustees of the Sir Dorabji Tata Trust have accused fellow trustees Venu Srinivasan and Vijay Singh of undermining collective board decisions and breaching their fiduciary responsibilities by publicly supporting the listing of Tata Sons, according to a report.
The letter, signed by Sir Dorabji Tata Trust trustees Noel N. Tata, Darius J. Khambata, Neville N. Tata and Bhaskar Bhat, reflects deepening differences within Tata Trusts over the future ownership and listing status of Tata Sons, the holding company of the Tata Group.
According to the report, the trustees said Tata Sons’ unlisted status had remained the settled position of the Trusts and the company for several years.
The Tata Sons board had unanimously resolved in March 2024 to retain the company’s unlisted status. Subsequently, trustees of the Sir Dorabji Tata Trust and Sir Ratan Tata Trust unanimously reaffirmed the position in July 2025 and agreed to engage with the Reserve Bank of India (RBI) on the issue.
The trustees said those July 2025 resolutions had not been rescinded. They questioned why Srinivasan and Singh had not sought a formal reconsideration of the decisions or placed their changed views on a possible listing before the trustees for collective deliberation.
According to the letter, the public support expressed by the two trustees for a listing could undermine the Trusts’ resolutions and potentially affect Tata Sons’ pending application before the RBI.
The trustees also referred to a September 28 proposal to merge Tata Electronics Systems Solutions Private Limited and Tata Consulting Engineers with Tata Sons. They described it as one possible route for the company to address RBI’s principal business criteria applicable to non-banking financial companies while retaining its unlisted status.
The report said the Tata Sons board had asked the Trusts to examine all available options rather than treating a public listing as the sole route for addressing the RBI’s communications.
“The Tata Trusts did what the Board of Tata Sons asked of them,” the trustees said in the letter, defending their efforts to explore alternatives to a public listing.
The developments point to widening differences among Tata Trusts trustees over whether Tata Sons should continue as an unlisted entity or pursue a public listing while addressing regulatory requirements raised by the RBI.
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