Balaji Telefilms' shareholders reject Ekta, Shobha Kapoor remuneration deal

Shobha Kapoor and Ekta Kapoor, managing director (MD) and joint MD of media firm Balaji Telefilms have failed to obtain requisite  ’ votes on resolutions pertaining to their remuneration.

According to stock exchange disclosure made by the company, the two separate special resolutions on setting their salaries for the next years got 56.77 per cent and 55.45 per cent ‘against’ vote. The resolutions required 75 per cent ‘for’ votes for to be approved.

Interestingly, the promoter group, which holds 34.34 per cent stake in the company, abstained from voting on the transaction.  A text sent to Ekta Kapoor didn’t elicit