The Board of Directors have at their meeting held today announced the unaudited financial results for the Quarter ended 30th June 2018 recording a -42 percent increase in revenues at Rs. 1120.39 crore and 63 percent increase in the profits at Rs. 409.14 crore alongwith declaration of first Interim dividend of 100 percent.
At the said Board of Directors Meeting and Remuneration Committee Meeting held earlier today, Mr. Kalanithi Maran, Chairman and Mrs. Kavery Kalanithi, Executive Director have expressed their intention to voluntarily limit their remuneration (including salary and ex gratia/bonus) for the Current Financial Year 2018-19 to a sum not exceeding the remuneration (including salary and ex gratia/bonus) earned by them in the previous financial year 2017-18. The Remuneration Committee and the Board of Directors have taken on record the same.-Moneycontrol