My thoughts are
- crooked promoter wont be doing such a silly mistake in hiding their accounts.
- Being a listed company for more than 20 years, its very hard to hide things
- After listening to concall / explanation in ARs, management is very ambitous to become a major player in pharma (although not like laurus where they want to grow at break neck speed by taking debt). Since these ppl had bad experience with debt, they wont use debt in good way
- If I am a promoter, I will take my salary like this only (to avoid tax). Even youtubers (of course HNI) are registering their channel as company and avoiding tax
Ya but on proportionality it seem higher ( 15 lakh for 550 cr turnover and 30 lakh for 900 cr turnover )
Ya you are right. This happens with all companies.
LTTS : L & T is taking money out for the trademark usage. Lot of ESOPs
Laurus labs & polymed: promoter is taking large huge amount as salary