Havells India Faces Proxy Advisor Backlash Over Executive Remuneration

Havells India has defended proposed remunerations for two directors, Ameet Kumar Gupta and Rajesh Kumar Gupta, after Institutional Investor Advisory Services (IiAS) advised shareholders to reject their reappointments. IiAS argued the proposed remunerations are high for the company's size and not in line with peers. Havells contends the remunerations are fair and within legal limits.

Havells India on Wednesday defended the proposed remunerations for two of its directors, Ameet Kumar Gupta and Rajesh Kumar Gupta, after facing opposition from Institutional Investor Advisory Services (IiAS).

IiAS had advised Havells' shareholders to oppose the reappointments, citing that the remunerations were excessive given the company's size and compared to peers.

In response, Havells asserted that the compensations are justified, highlighting the directors' roles and achievements and noting that the figures are within the prescribed legal limits.

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