N Chandrasekaran to step down as Tata Chemicals chairman
Mumbai: Tata Sons Chairman N Chandrasekaran will step down from his roles as chairman and director of Tata Chemicals, with effect from May 29, 2025. The company disclosed the development through a regulatory filing.
In a letter addressed to the board, Chandrasekaran wrote, "I am writing to formally inform you of my decision to step down from my position as a director and Chairman of the Board of Directors of Tata Chemicals Limited w.e.f. 29th May, 2025.
"After careful evaluation of my current and future commitments, I have decided to step down from the Board. It has been a privilege to chair the Tata Chemicals board and I sincerely appreciate the support and collaboration during my tenure."
Tata Chemicals stated that it had received the letter dated May 28, 2025, in which Chandrasekaran communicated his decision to vacate both posts on the company’s board effective May 29.
During a meeting held on Wednesday, the company’s Board of Directors formally took note of his resignation and appointed S Padmanabhan, who currently serves as a director, as the new chairman with effect from May 30, 2025.
In addition, based on the recommendations of the Nomination and Remuneration Committee, the board approved the appointment of Modan Saha as an additional director in a non-executive, non-independent role.
His appointment became effective on May 28, 2025.
Tata Chemicals added that Saha is currently overseeing key strategic initiatives at Tata Sons.
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