I was going through their latest annual report. Under " Related Party Transactions" they have mentioned about their family members holding various positions (all of them VPs) in the company. Moreoever, each of them will be paid monthly remuneration of Rs. 4,00,000. This was something of a concern to me.
So have I understood this right or am I making a reading error? This is apart from the top management salaries of Rs.8,00,000 per month.
Is it common across the family run companies? Agreed that company has generated good profits over the last couple of years and improving operationally, but this seemed a concern to me. It would be great if you can give your views. Thank you
Disclaimer: Invested in it over the last one year. I was planning to add more but then this concern came up.