Eicher Motors on Monday bought the nod from its shareholders for the re-appointment of Siddhartha Lal as the company’s managing director for a interval of five many years and also his revised remuneration.
The proposal for reappointment was cleared with pretty much ninety three.eight per cent of the full 226 million votes casted heading in favour of the resolution. On the other hand, the one for revised payment was cleared with pretty much ninety eight.6 per cent of the full votes heading in favour of the go.
On August 17, at its thirty ninth once-a-year general conference, shareholders of the enterprise experienced voted down the reappointment and pay out hike of ten per cent for Lal. Shareholders experienced sought a lot more clarity on an enabling provision that allowed payment of remuneration up to three per cent of income. Later on on August 23, the company’s board of directors experienced