Comments
Following a drop in commercial vehicle sales, Ashok Leyland’s Managing Director Vinod K Dasari will take a pay cut in 2013-14. The company will seek shareholders’ approval through a postal ballot to pay minimum remuneration to the managing director, according to information available on the company’s Website. Dasari’s salary will be ₹2.20 crore for the year, a 20 per cent drop over his salary of ₹2.79 crore in 2012-13. The resolution states that due to the sluggish market, the company is seeing a slowdown resulting in a net loss for the period during 2013-14. The company does not expect to report business profits in the remaining three months.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.