Zota Health Care Limited has informed the Exchange regarding 'Fixing of upper cap limit for the cumulative remuneration to be payable to Directors of the Company belonging to Promoter & Promoter Group Category'.
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Zota Health Care Limited has announced that its Promoter Directors have voluntarily agreed to cap their combined annual remuneration at Rs. 12.00 crores per financial year. The cap covers all perquisites and allowances and will remain valid until the end of financial year 2030. The directors covered include Non-executive Chairman Mr. Ketankumar Chandulal Zota, Whole-time Directors Mr. Himanshu Muktilal Zota, Mr. Kamlesh Rajanikant Zota, and Mr. Viren Manukant Zota, and Managing Director Mr. Moxesh Ketanbhai Zota. The company stated this move is aimed at strengthening corporate governance and improving capital allocation for business growth.
This is a shareholder-friendly move as it puts a clear ceiling on promoter remuneration, reducing the risk of excessive payouts. It enhances transparency and could improve investor confidence in the company's governance standards.