Archive · 12 Aug 2026
TCS shares tank 5% as Chandrasekaran resignation reported
The stock market is a place where people buy and sell parts of companies, called shares.
Tata Consultancy Services, often called TCS, is a big company that helps other companies with computers.
One day, people who own TCS shares suddenly started selling them very quickly.
Because of this, TCS shares lost almost five percent of their value in just a few minutes.
That means the company was worth a lot less money than before.
People are worried because there are reports that the boss of the company, N. Chandrasekaran, is leaving his job.
The company's parent group is called Tata Sons, and its leaders have not said anything about the reports yet.
TCS shares have gone down a lot this year, losing more than 27 percent of their value.
Soon, the owners of the company will meet to decide if the boss can stay on as chairman.
TCS shares fell 4.84 per cent, hitting an intraday low of Rs 2,322 on the BSE within minutes.
The stock has fallen 27.26 per cent year-to-date, with TCS now the sixth-most valued stock on Dalal Street.
Bloomberg reported that N. Chandrasekaran had resigned; a Tata Sons spokesperson did not immediately comment.
Tata Sons' annual general meeting is scheduled for August 18, where shareholders were set to vote on Chandrasekaran's reappointment as director.
Doubts were raised over whether Tata Sons had the necessary quorum for the meeting, and Chandrasekaran's term as chair was due to end in February 2027.
- Who
- Tata Consultancy Services (TCS), its chairman N. Chandrasekaran, and the Tata Sons holding company.
- What
- TCS shares fell 4.84 per cent to an intraday low of Rs 2,322 on the BSE after reports of Chandrasekaran's resignation and amid questions over a Tata Sons AGM.
- When
- The exact date of the share fall is not stated in the article; Tata Sons' annual general meeting is scheduled for August 18.
- Where
- On the BSE, on Dalal Street.
- Why
- Investors reacted to Bloomberg reports of Chandrasekaran's resignation and uncertainty over whether Tata Sons had quorum for the meeting where his reappointment was to be voted on.
Resignation reports
Unconfirmed status
Chandrasekaran's departure
Resignation reports
Bloomberg reported that Chandrasekaran has resigned, which was a driver of the sharp drop in TCS shares.
Unconfirmed status
Tata Sons has not confirmed the resignation, its spokesperson declined to comment, and the vote on his reappointment as director was still scheduled.
- Intraday share price fall
- 4.84 per cent
- Intraday low on BSE
- Rs 2,322
- Year-to-date decline
- 27.26 per cent
- Market position
- Sixth-most valued stock on Dalal Street
- Tata Sons AGM date
- August 18
- Chandrasekaran's term as chair
- Due to end in February 2027