Eicher Motors Ltd passed the resolution to reappoint Siddhartha Lal as the Managing Director of the company for five years, starting May 1, 2021. The board also approved a revised remuneration structure for the Managing Director, with a maximum cap of 1.5 per cent of profits as per Section 198 of the Companies Act. The proposal for reappointment was cleared with almost 93.8 per cent of the total 226 million votes casted going in favour of the resolution.
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