Voda-Idea AGM 22 Dec, to ratify CEO & directors

New Delhi: The first shareholder meeting of recently-merged Vodafone-Idea will be held on 22 December, and it will among other things, ratify the appointment of Balesh Sharma as its chief executive for a monthly salary of up to Rs 31.8 lakh.

In a regulatory filing on Friday, the company said its 23rd Annual General Meeting (AGM) will be held on 22 December, to seek shareholders’ nod on appointment of Balesh Sharma as the chief executive officer of the company for a period of five years with effect from 31 August.

Besides remuneration of Rs 31.8 lakh that includes basic salary and flexible allowance, Sharma would also be entitled to benefits and perks, annual incentive plan and long term incentive plan.

Other resolutions pertain to appointment of D Bhattacharya, Ravinder Takkar, Thomas Reisten, Vivek Badrinath as non executive directors.

NT Bureau