The Tata Trusts board meeting, initially set for May 8, 2025, has been postponed to May 16 amid concerns regarding the veto powers of its nominee directors on the Tata Sons board. This unusual last-minute change follows a refusal by the Bombay High Court to stay the meeting, indicating the sensitive nature of the agenda. The meeting will address the representation of Tata Trusts on the Tata Sons board, where Noel Tata and Venu Srinivasan currently serve as nominee directors. The potential exit of Srinivasan from the board could leave Noel Tata as the sole representative. Additionally, the agenda includes discussions on the stock exchange listing of Tata Sons, a proposal that has sparked internal disagreements among Trusts members. While some, including Srinivasan and Vijay Singh, support the listing for raising funds, Noel Tata opposes it. The Reserve Bank of India is expected to clarify its stance on the listing of Tata Sons, which remains unlisted despite being categorized as an upper layer non-banking financial company. Legal scrutiny surrounds Noel Tata's status as a perpetual trustee at Sir Ratan Tata Trust, as current regulations limit lifetime trusteeship to 25% of the board. The upcoming meeting on May 16 is anticipated to be pivotal in addressing these pressing issues.