Along with several other organizations the Trust had appealed to the then Prime Minister, Mr. Atal Bihari Vajapayee, that the Government of India release a stamp in memory of the late Nani A. Palkhivala. The Government responded favourably and the Prime Minister himself released the stamp at a largely attended function arranged by the Trust at the Tata Theatre, NCPA, Mumbai, on 16th January 2004, which coincided with the late Palkhivala’s 84th birth anniversary.

Among those present were the Governor and Chief Minister of Maharashtra, Mohd. Fazal and Mr. Sushilkumar Shinde, respectively, the Union Minister for Communications and Information Technology, Mr. Arun Shourie and the Chief Post-Master General of Maharashtra and Goa, Mrs. Noorjehan and Mr. Ratan N. Tata. Mr. Tata welcomed the gathering, while Mr. Soli J. Sorabjee, Trustee and also the then Attorney-General of India, proposed the vote of thanks.