Religare Enterprises has rejected allegations against chairperson Rashmi Saluja of receiving excessive remuneration.Religare's statement comes a few days after proxy advisory firm InGovern Research alleged that Saluja received excessive .
Religare Rejects Allegations Against Chairperson Rashmi Saluja menafn.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from menafn.com Daily Mail and Mail on Sunday newspapers.
"The allegation that the executive chairperson draws a remuneration of more than Rs 150 crore per annum is completely false and erroneous. As per the annual report for FY 22-23 of REL, the remuneration for the Executive Chairperson was Rs 8.12 crore. Even after including the perquisites value of the ESOPs, it reached a figure of Rs 42.06 crore," Religare said in a statement.
Religare Enterprises Ltd (REL) on Monday refuted the allegations levelled against its Chairman Rashmi Saluja with regard to excessive remuneration, terming those as “completely false and erroneous”.
In a strongly worded response, the Board expressed its shock and disappointment at the
InGovern alleges regulatory breach in ESOPs to REL Chairman, seeks regulatory probe yourstory.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yourstory.com Daily Mail and Mail on Sunday newspapers.