Mehli Mistry’s term extension may be in danger as chairman Noel Tata, Venu Srinivasan are likely to reject…, the close associate of Ratan Tata will now….

Mehli Mistry reappointment update: In a significant development amid the ongoing Tata Trusts legacy dispute, the reappointment of trustee Mehli Mistry stands at question as several media reports have indicated that Tata Trusts chairman Noel Tata as well as vice chairman Venu Srinivasan and Vijay Singh are unlikely to approve his reappointment. For a background, Tata Trusts has circulated a proposal to reappoint Mehli Mistry as a trustee for life.

Will Mehli Mistry be reappointed as trustee?

Mehli Mistry, whose term ends on October 28, a close confidant of former doyen Ratan Tata, was first appointed to Tata Trusts in 2022. The circular, issued by the CEO of Tata Trusts to other trustees on Thursday, sought Mistry’s reappointment to the Sir Ratan Tata Trust, Sir Dorabji Tata Trust and Bai Hirabai Jamsetji Tata Navsari Charitable Institution.

How is against Mehli Mistry’s reappointment?

However, in the recent development, the Economic Times has reported that the reappointment may not be approved by Noel Tata, Venu Srinivasan and Vijay Singh and the trustees might convey their decision soon.