In a statement issued on Wednesday, Chandrasekaran said the Sir Dorabji Tata Trust and Sir Ratan Tata Trust had unanimously recommended extending his term by five years. The proposal was subsequently recommended by the Tata Sons Nomination and Remuneration Committee and the Board. However, the proposal failed to secure the required support at a Tata Sons Board meeting held on February 24, 2026. He said six months had passed since the meeting without a resolution, while Tata Sons had several strategic projects at critical stages. The two Tata Trusts had backed a five-year extension, but the lack of unanimous Board support prevented the proposal from moving forward.