Airtel chairman Sunil Mittal can retain excess salary after shareholders nod

NEW DELHI: Bharti Airtel shareholders have approved a proposal allowing chairman Sunil Bharti Mittal and CEO Gopal Vittal to retain excess remuneration paid in 2018-19, according to a regulatory filing.

Over 88% of shareholders at the annual general meeting (AGM) held on August 14 voted in favour of the special resolution for waiver of recovery of excess managerial remuneration paid to Mittal during FY19, while 11.7% voted against it.

“Therefore the resolution…has been approved with requisite majority,” it added.