The company has decided to seek shareholders nod through a postal ballot notice. Dasari was paid R2.79 crore in 2012-13 and Rs 2.48 crore in 2011-12.
Meanwhile, in the quarter ended December 31, 2013, the company reported a loss of Rs 167.20 crore compared to a profit of Rs 74.14 crore in the same quarter last fiscal. For the nine-month period ended December, the company reported a 21% drop in total sales to 71,141 units compared to 90,546 units in the same period last fiscal. While the M&HCV segment reported a decline of 25% in sales, the LCV segment witnessed a 13% drop in the said nine-month period.
The company said it had reported a net profit of R566 crore and R434 crore, respectively, in 2012-13 and 2011-12, on a turnover of R12,882 crore and R12,543 crore.