Tata Trusts says Chandrasekaran reappointment resolution was invalid, rejects casting-vote argument

Tata Trusts rejected a casting vote for N Chandrasekaran's reappointment as chairman. One Trusts nominee director voted against the resolution, failing to secure required support. The Trusts stated a casting vote applies only to overall board ties. This requirement cannot override the separate condition for Trusts' nominee directors. Tata Sons had defended these voting rights previously in court.