Formal Communication on SuccessionEarlier in the day, Chandrasekaran formally communicated to the Tata Sons Board that he would not seek reappointment for a third term. N Chandrasekaran Resigns as Tata Sons Chairman, Will Complete Term Until February 2027, Says Report. Earlier in February 2026, a proposal supported by principal philanthropic trusts—the Sir Dorabji Tata Trust and Sir Ratan Tata Trust—to grant Chandrasekaran a five-year extension was tabled before the Tata Sons Board. Most Tata Stocks End Lower After Tata Sons Chairman Chandrasekaran's Exit Announcement. Next Steps for Tata SonsUnder Tata Sons' Articles of Association, a five-member selection committee-comprising representatives nominated by the Tata Trusts, the Tata Sons Board, and an independent expert-will oversee the selection of the next chairman.