HUL proposes raising non-exec pay cap to ₹15 crore
In short
Hindustan Unilever has proposed raising the yearly pay cap for non-executive directors from ₹4 crore to ₹15 crore, or 1% of net profit, whichever is lower.
This could raise board pay at HUL, but it is not yet clear if the proposal has been approved or when it would start.
What the reporting says
Hindustan Unilever has proposed raising the annual remuneration ceiling for non-executive directors from ₹4 crore to ₹15 crore, or 1% of net profit, whichever is lower. The proposal comes from the company’s reported plan and sets a higher limit for board-level pay. The reporting does not state whether shareholders have approved it or when the change would take effect.
Why it matters
Hindustan Unilever has proposed increasing the annual pay ceiling for its non-executive directors from ₹4 crore to ₹15 crore, capped at 1% of net profit, whichever is lower. The change would affect board remuneration at the company if approved. The reporting does not say why the company wants the higher cap or whether shareholders have voted on it.