Siddhartha Lal reappointed Eicher Motors MD for 5 years

Sumit Arora Last updated on October 27th, 2021 05:53 pm Leave a comment

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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Sumit Arora

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As a team lead and current affairs writer at Adda247, I am responsible for researching and producing engaging, informative content designed to assist candidates in preparing for national and state-level competitive government exams. I specialize in crafting insightful articles that keep aspirants updated on the latest trends and developments in current affairs. With a strong emphasis on educational excellence, my goal is to equip readers with the knowledge and confidence needed to excel in their exams. Through well-researched and thoughtfully written content, I strive to guide and support candidates on their journey to success.