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Tezzbuzz Desk- Tata Sons Chairman N Chandrasekaran has resigned from his post. This decision has been taken before the Annual General Meeting (AGM) of the company to be held on August 18. However, Chandrasekaran will not step down from the post of chairman immediately. His current tenure is till February 2027 and as per the available information, he will continue in this post till then.

Chandrasekaran's resignation comes at a time when there was speculation about the leadership at Tata Sons for a long time. It was necessary for him to be re-appointed to extend his tenure. Now after resigning, his chances of becoming chairman again are considered to be over.

Big decision before AGM

Tata Sons' AGM is going to be held on 18th August. Earlier, Chandrasekaran's resignation has intensified discussions regarding the leadership of the company. According to media reports, if his tenure is terminated before the scheduled time, Tata Group may have to start the process of leadership change.

At present, Chandrasekaran is going to remain on the post of chairman till February 2027. Therefore, it will be important to see what decision the company takes regarding his successor.

Discussion of differences with Tata Trusts

Chandrasekaran's resignation comes at a time when there have been reports of differences of opinion between Tata Sons shareholders and Tata Trusts on several issues. These include issues to representation on the board of Tata Sons, the future strategy of the group and minority shareholder Shapoorji Pallonji Group.

Reports have also discussed differences between Tata Trusts chairman Noel Tata and N Chandrasekaran. It is reported that Noel was not in favor of making Tata Chandrasekaran the chairman of Tata Sons again.

What will happen next?

After the resignation of Chandrasekaran, now the biggest question is about the next chairman of Tata Sons. The possible change in the company's leadership may also impact the future strategy of Tata Group.

However, the official picture regarding the name of the new chairman and the process of leadership change is not yet clear. In such a situation, everyone's eyes will be on the AGM of August 18 and the decisions taken thereafter.