Mehli Mistry writes to Noel Tata, seeks to part ways with Tata Trusts: Sources

Sources close to the Tata Group told CNBC-TV18 that Mehli Mistry has written to Tata Trusts Chairman Noel Tata, expressing his desire to part ways and bring an end to speculative media reports surrounding

his exit.

In his letter, Mistry said it had been his privilege to serve as a trustee at Tata Trusts till October 28, while cautioning that the “precipitation of matters can cause irreparable damage to the Tata Group," sources added.

The Tata Trusts, which collectively hold a controlling stake in Tata Sons, play a pivotal role in the conglomerate’s governance structure. Mistry’s tenure as trustee ended on October 28 without reappointment, marking his formal exit from the board.

The Tata Trusts board is now set to meet on November 11 for the first time since Mistry’s departure. Trustees expected to attend include Noel Tata, Venu Srinivasan, Vijay Singh, Pramit Javeri, Jehangir HC Jehangir, and Darius Khambata.

Also Read: Tata Trusts trusteeship issue: Mehli Mistry files caveat with Mumbai Charity Commissioner over changes

Sources close to the the group had earlier told CNBC-TV18 that while the agenda for the meeting has not yet been circulated, there has been minimal internal communication regarding Mistry’s exit, indicating that the proceedings are likely to remain uneventful.

An October 2024 resolution reportedly stipulated that all trustees must be reappointed unanimously and for life — a clause that could potentially shape future deliberations. Mistry, who is currently overseas, has not responded to CNBC-TV18’s queries on his removal.

The Tata Trust Secretariat is expected to formally notify the Charity Commissioner of the board change within the statutory period. Although such intimations can take up to 90 days, most trusts complete them within 30 days to ensure compliance.

Also Read: Tata Trust board meets on November 11 — first session after Mehli Mistry’s exit to test internal cohesion

The upcoming board meeting on November 11 will be closely watched for signals on how the trust intends to preserve stability and consensus following the leadership transition.