Established in November 1994, Balaji Telefilms and its subsidiaries have given the Indian in addition to worldwide viewers some much-loved reveals and flicks. Headed by mother-daughter duo Shobha Kapoor and Ekta Kapoor, respectively, the newest we hear now could be that the shareholders of the corporate are usually not pleased with the duos remunerations.
As per a latest report, Balaji Telefilms intends to scale back the salaries of the mother-daughter duo in addition to take away the fee they earn. Read on to know all about it.
A report by Bollywood Hungama, Balaji Telefilms – on November 15, stated that it’s intending to hunt approval from its shareholders to scale back the remunerations of Ekta Kapoor – Joint Managing Director, and Shobha Kapoor – Managing Director. The website famous that on the annual assembly held on August 31, 2021, the shareholders of the company had rejected the proposed remunerations for the Kapoor duo which included a fee – not exceeding 2.5 per cent, with quick impact from November 10, 2021, for the interval of two years.
As per the report, on the twenty fourth AGM of Balaji Telefilms (held on August 31, 2018), the shareholders accepted that Shobha Kapoor and Ekta Kapoor will probably be re-appointed as Managing Director and Joint Managing Director respectively. This could be for a interval of 5 years – till November 9, 2023. At the twenty seventh AGM (held on August 31, 2021), Shobha’s remuneration proposal acquired solely 43.23 per cent votes in favour and 56.76 per cent towards it. Even the proposal for the rise of remuneration for Ekta acquired 44.54 per cent votes in favour whereas 55.45 per cent votes had been towards it.
As per the revised remuneration – which was mentioned on the annual assembly in August 2021, Balaji Telefilms has sought a fundamental wage for Sobha Kapoor and Ekta Kapoor “an amount not exceeding Rs 20 lakh per month (Rs 2.4 crore per annum) without commission not exceeding 2.5 per cent of the net profit”, which was there within the earlier rejected proposal.”
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