New Delhi, Nov. 11 -- The Tata Trusts have revised Venu Srinivasan's tenure from a life term to three years, complying with a Maharashtra government Ordinance stipulating that only a fourth of the trustees at a trust can be permanent.

In a statement, the Tata Trusts said the board decided at a meeting on Tuesday to appoint the TVS Motor Co. chairman emeritus for a period of three years, effective 12 November 2025, in compliance with legal and regulatory requirements, and to designate him as vice chairman of the Sir Dorabji Tata Trust.

The decision follows the Maharashtra Public Trusts (Amendment) Ordinance, 2025, issued by the state government on 30 August.

"It is noticed that in various instruments of trusts, there is no clarity about...