Vodafone Idea has announced that the company’s managing director and chief executive officer Ravinder Takkar will not be paid any remuneration during his current tenure of three years.

The telco, however, will bear expenses incurred by Takkar for the business of the company.

Takkar had being appointed as the MD and CEO of VIL following the exit of Balesh Sharma. He had been appointed for a period of three years with effect from August 19, 2019.

Vodafone Idea’s AGM is scheduled to be held on September 30, 2020. During the AGM, the company will seek shareholders’ approval for the appointment of Takkar, among other proposals.