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Hindusthan National Glass & Industries has reported a net loss of Rs 39.60 crore in April-June quarter of this fiscal against Rs 45.45 crore net loss in the corresponding period last year.
Owing to continuing losses, the company has not been able to pay remuneration to its Vice-Chairman and Managing Director worth Rs 10.05 crore since 2013-14. The company said it has sought approval from the Union Government for relaxation on this score.
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