Shareholders of Balaji Telefilms have voted against pay resolutions for Managing Director Shobha Kapoor and Joint Managing Director Ekta Kapoor. According to a stock exchange report, the remuneration package did not obtain the required votes.89,887 people voted in favour of the Shobha Kapoor remuneration arrangement, while 1,18,040 people voted against it.
This amounts to 56.76 percent voting against the transaction and 43.23 percent voting in favour. The resolution seeking approval for Ekta Kapoor's pay arrangement received 92,629 votes in favour and 1,15,298 votes against out of 2,07,927 votes cast. According to the disclosure, 55.45% voted against the resolution, while 44.54 percent voted in support.
The voting occurred on august 31 during the 27th Annual General Meeting. Balaji Telefilms was founded on November 10, 1994, and became traded publicly on February 28, 2000. With shows like Kyu Ki Saas Bhi Kabhi Bahu Thi, Kahaani Ghar Ghar Kii, Bade Achhe Lagte Hai, Pavitra Rishta, and Naagin, the business quickly positioned itself as one of the country's major entertainment houses.
The firm popularised the concept of 'Saas-Bahu' serials, and its shows are recognized as K-serials because most of the earlier show titles began with the letter K.With the launch of its subsidiary Balaji Motion Pictures in 2001, the firm forayed into the silver screen after great success on the small screen. However, when the focus shifted to digital material, ALTBalaji was launched as a subscription-based video on demand service in 2017.
Source: Business Today
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