Siddhartha Lal's reappointment as Eicher Motors MD gets shareholders' nod

Eicher Motors on Monday got the nod from its shareholders for the re-appointment of Siddhartha Lal as the company’s managing director for a period of five years and also his revised remuneration.

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. On the other hand, the one for revised payment was cleared with almost 98.6 per cent of the total votes going in favour of the move.

On August 17, at its 39th annual general meeting, shareholders of the company had voted down the reappointment