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Mehli Mistry, 65, is expected to step down from the boards of the Sir Dorabji Tata Trust and the Sir Ratan Tata Trust after a majority of trustees opposed his reappointment.
Citing sources familiar with the developments, Business Standard reported that three out of six trustees voted against Mistry’s continuation through a circular resolution circulated last week, effectively sealing his fate.
Those opposing his reappointment include Chairman Noel Tata, TVS Group Chairman Venu Srinivasan, and former defence secretary Vijay Singh. At the Dorabji Tata Trust, Darius Khambata and Prameet Jhaveri supported Mistry’s extension, while at the Ratan Tata Trust, Khambata and Jehangir H. Jehangir voted in his favour, the report added.