His remuneration too had increased multifold from Rs 1.06 crore in 2010 to Rs 21.12 crore in 2020-21. The two-wheeler sales volume had even touched 822,724 in 2018-19, just before the pandemic set in. The annual sales volume in the two-wheeler segment, which was a mere 32,612 units in 2006-07, increased over 18-fold to 609,403 in 2020-21. Lal was credited with reviving the brand image of Royal Enfield since he took charge as MD in 2006-07. The board had approved a revised remuneration structure with a maximum cap of 1.5 per cent of profits. The company presented both as a combined resolution on August 17, which the analysts cited as a major reason for his reappointment. Ordinary resolutions need a simple majority of only 50 per cent votes to be approved. This time, the company had approached the shareholders with two ordinary resolutions – one seeking the reappointment of Lal for five years with effect from and the another one for clearing his remuneration. Later on August 23, the company’s board of directors had decided to unanimously reappoint him as MD with a revised remuneration package. Shareholders had sought more clarity on an enabling provision that allowed payment of remuneration up to 3 per cent of profit. On August 17, at its 39th annual general meeting, shareholders of the company had voted down the reappointment and pay hike of 10 per cent for Lal. On the other hand, the one for revised payment was cleared with almost 98.6 per cent of the total votes going in favour of the move. The proposal for reappointment was cleared with almost 93.8 per cent of the total 226 million votes casted going in favour of the resolution. ALSO READ Ex-TV scribe, legal hawk part of panel which fixes Siddhartha Lal's pay Siddhartha Lal, voted down by Eicher shareholders, gets Enfield staff backing Riding on robust sales, iconic Royal Enfield hits the global road The rumble over CEO pay Eicher Motors re-appoints Enfield's turnaround man Siddhartha Lal as MDĮicher Motors on Monday got the nod from its shareholders for the re-appointment of Siddhartha Lal as the company’s managing director for a period of five years and also his revised remuneration.
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The kit comes with three wheels for cutting metal and one designed for plastic, a battery, charger and a carrying case. The 8260 is available today through the Home Depot for $169. An LED light on the 8260 will also warn you if you're about to run into those problems. It will also send you battery notifications and warnings if the tool is about to stall or overheat. One of the niftier features here is an interactive guide that will tell you what accessory and RPM you need to use to cut through specific materials.
#S and s motors Bluetooth
The addition of Bluetooth connectivity allows you to connect the 8260 to your phone through Dremel's mobile app. It's also 20 percent faster than the 8220. Moreover, it features double the battery life of the 8220, its previous flagship cordless model.
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Thanks to its more modern motor design, Dremel claims the 8260 outputs 20 percent more power than the 4300, its most powerful corded model. To start, it's Dremel's first brushless rotary tool. If you fall into that category, the company's latest release, the 8260, is interesting for a few reasons. DIY enthusiasts use them for everything from standing down a dog's nails to cutting through steel.
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Dremel is the standard when it comes to rotary tools.