IndiGo seeks shareholder nod for payment of salary to CEO Ronojoy Dutta

Approval from shareholders has been sought by way of a special resolution which will be put to vote at the company's annual general meeting on September 4

IndiGo Chief Executive Officer (CEO) Ronojoy Dutta, who recently took a 35 per cent pay cut, was paid Rs 11.4 crore in salary for FY20, the company disclosed in its latest annual report.

InterGlobe Aviation, which runs IndiGo, has sought shareholders’ nod for Dutta’s appointment as a whole-time director and CEO and remuneration payable to him for three years, including FY20.

The company said remuneration to be paid to Dutta required approval of shareholders by way of a special resolution in case of no profit or inadequacy of profit made by the firm. This is as per the provisions of Companies Act.

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