Chandrasekaran’s current term is set to continue until February 2027. However, he said he would not seek reappointment once his term comes to an end. N Chandrasekaran stepped down on Wednesday as chairman of Tata Sons ahead of the company’s annual general meeting, which is scheduled for August 18.Tata Sons Chairman N Chandrasekaran steps down. (PTI)In a statement, Chandrasekaran said, "I have communicated to the Tata Sons Board that I have decided not to offer myself for reappointment when my term ends on Feb 20, 2027. I have asked the Board to decide on the succession soon to ensure a proper transition..."Chandrasekaran’s current term is set to continue until February 2027. However, he said he would not seek reappointment once his term comes to an end.His resignation comes amid tensions with shareholders and differences between Chandrasekaran and Tata Trusts chairman Noel Tata.Follow the latest breaking news, major developments and agenda-setting stories from India and around the world with the newsdesk at Hindustan Times. Operating round the clock, the desk brings together experienced editors, reporters and correspondents to deliver fast, accurate and contextual reporting across subjects that influence public policy, governance, business, society and international affairs.