In accordance with Tata Group governance guidelines regarding superannuation, Noel Tata will retire as Chairman and Director of Voltas Ltd on November 11, 2026, marking the end of a distinguished tenure with the company that began in 2003. Born on November 12, 1956, Noel Tata reaches the age of 70 on November 12, 2026, aligning with the Companies Act 2013 provision that mandates managing or whole-time directors cannot continue in employment beyond the age of 70. Honoring his extensive contributions and leadership, the board of the Tata Group firm announced in a regulatory filing that it has appointed Noel Tata as Chairman Emeritus of Voltas, effective November 12, 2026. Simultaneously, the board has approved the appointment of Sunil Alaric D’Souza as the new Chairman of the company, also taking effect on November 12, 2026. D’Souza currently serves as the Managing Director and Chief Executive Officer of Tata Consumer Products Ltd (TCPL), leading the group’s fast-moving consumer goods business across major household brands such as Tata Salt, Tata Tea, Tetley, and Tata Sampann. Alongside the leadership transition at the board level, Voltas outlined a clear, planned executive succession process as Managing Director C P Mukundan Menon prepares to retire on May 24, 2027, upon reaching the end of his tenure in accordance with the group’s retirement policy for executive directors. Based on the recommendation of the Nomination and Remuneration Committee, the board has approved the appointment of Jayant Balan—who presently serves as Head of the Room Air Conditioner Business—as an Additional Director and Managing Director of Voltas for a five-year term commencing May 25, 2027, subject to necessary shareholder approvals.
