I understand that there is a lot of work happening which is not being seen in the numbers yet. Looking at the scale of capex and the way they have been handling the debt, the future of the business looks promising.
At the same time, the shareholders have approved the salary increase of MD and JMD 5 fold to 2.4 crores and 1.8 crores respectively, with Net Profit of ~12 crores. The incremental revenues from new capex are yet to be seen. As per my calculations, a very small proportion of the new capex will be adding to the top-line and bottom-line in this financial year. The cap on the salaries of the management vis-a-vis the Net Profits is 10% in total. How do you read this?
I will really appreciate if someone can help me get more clarity on it.
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