Taking cognizance of the COVID-19 pandemic which has impacted the ability of companies around the globe to maintain steady operations and perform their respective contractual obligations the Chairman as well as the Vice Chairman of the Company has decided to lead the efforts on expense control by volunteering to take pay cuts of 30% during the current financial year 2020-2021:
1. Dr. Lalit S. Kanodia Chairman has voluntarily opted for 30% (Thirty Percent) cut in his compensation.
2. Mr. Rahul L. Kanodia Vice-Chairman & CEO has also voluntarily opted for 30% (Thirty Percent) cut in his compensation.
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