Trustees of Tata Trusts will meet on May 8 to deliberate on a range of sensitive issues, including mounting losses at Tata Sons in FY26, the question of Chairman Natarajan Chandrasekaran’s potential third term, and options to provide an exit to the Shapoorji Pallonji Group, which holds an 18.4% stake in the holding company. The meeting, to be chaired by Noel Tata, comes amid internal differences among trustees over proposals such as lifetime tenure and whether individuals outside the Zoroastrian community can be appointed to smaller trusts. The induction of Neville Tata to the board of Sir Ratan Tata Trust is not on the agenda, according to a person familiar with the matter.