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The board of Tata Sons, which met on Friday, approved the annual accounts for FY26 and discussed the broad operating agenda for the current financial year, according to sources familiar with the developments.
The holding company of the Tata conglomerate is understood to have reported a net profit slightly higher than in FY25, said sources privy to information. In FY25 it had reported a standalone net profit of ₹26,232 crore and consolidated profit of ₹28,898.5 crore.
Apart from approving the annual financial statements, the board is understood to have reviewed the group’s operating priorities and outlined plans for the year ahead. The board has also recommended a dividend, which sources said, is likely to be on the same level as last year. In FY25, it paid out dividend at the rate of ₹64,900 per share, involving an outgo of ₹2,623 crore.
There was no response to e-mails sent to the office of Noel Tata or Tata Sons seeking confirmation. The meeting comes at a time when several Tata Group companies are pursuing large investment programmes across sectors ranging from aviation and semiconductors to digital businesses.
Sources said that none of the issues that have generated considerable discussions in recent months — such as a possible third term for Chandrasekaran as Chairman, changes to the composition of the Tata Sons board, or the potential listing of Tata Sons — were part of the formal agenda.
However, people aware of the discussions said the issue of the listing of Tata Sons was briefly touched upon by board members. The issue has remained in focus since the Reserve Bank of India has continued to classify Tata Sons as an upper-layer non-banking financial company. Earlier this month, the RBI Governor said that an updated list for upper layer NBFCs would be released shortly, though there was no clarity whether Tata Sons would still be part of it.
The meeting was attended by Tata Sons Chairman N Chandrasekaran and other directors, including Venu Srinivasan, Harish Manwani, and Tata Trusts Chairman Noel Tata, who serves as a non-executive director on the board.
Published on June 12, 2026
