Unitech chairman Ramesh Chandra, two MD's Sanjay, Ajay salaries unchanged
The total remuneration package of Unitech Chairman Ramesh Chandra stood at Rs 1.92 crore in the 2011-12 fiscal, while the remuneration of two managing directors – Sanjay Chandra and Ajay Chandra -- was about Rs 1.71 crore each, according to the company's annual report for last fiscal.
The Unitech Chairman and the two managing directors had got the same package during 2010-11 fiscal as well.
Among the six non-executive directors, the commission and sitting fee of five such executives declined and it remained unchanged in case of one person.
The commission and sitting fee of Minoti Bahri declined to Rs 80,000in FY'12 from Rs 1.4 lakh in the previous year, while that of G R Ambwani to Rs 21 lakh from Rs 21.2 lakh and Anil Harish to Rs 20.2 lakh from Rs 20.4 lakh in the review period.
The payments to Sanjay Bahadur and Ravinder Singhania declined from Rs 21.2 lakh each in 2010-11 to Rs 20.6 lakh and Rs 20.8 lakh, respectively. P K Mohanty received Rs 20.8 lakh from Unitech during the last fiscal as well as 2010-11.
As per the annual report, the company's legal and professional charges increased to Rs 22.71 crore in 2011-12 from Rs 20.49 lakh in the previous year. The advertising expense more than doubled to Rs 9.16 crore from Rs 4.34
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