MUMBAI: Tata Sons’ board met on Friday to approve the company’s financial results for the year ended March 31, 2026, recommending a dividend to equity shareholders, even as it kept chairman N Chandrasekaran’s reappointment off the agenda for a second consecutive time.“The board stuck to the agenda and there was no discussion on controversial matters,” said a person familiar with the proceedings.Tata Sons is understood to have recorded high-teens profit growth in FY26, a result that strengthens Chandrasekaran’s hand as he faces questions from Noel Tata, chairman of principal shareholder Tata Trusts, over losses at the company’s new businesses, including Tata Digital. Growth came despite lower dividend income from operating companies, including a reduced payout from TCS.Proceeds from sale of Tata Capital shares via an IPO last Sept bolstered profits. Tata Sons profit in FY25 stood at Rs 26,232 crore. Tata Trusts, which owns about 65% of Tata Sons, will be the primary beneficiary of the dividend.Noel Tata holds 4,058 shares in his personal capacity. The dividend applies only to equity shareholders, as Tata Sons had previously redeemed its preference shares as part of a broader strategy to retire debt and sidestep RBI’s mandatory listing rules. Noel Tata is not in favour of a public listing of Tata Sons. In FY25, Tata Sons paid a dividend of Rs 64,900 per ordinary share.The board also approved remuneration for directors and key management personnel, following a recommendation by the nomination and remuneration committee chaired by Harish Manwani. Chandrasekaran.