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| Exchange Received Time 13/07/2020 22:53:13 Exchange Disseminated Time 13/07/2020 22:53:19 Time Taken 00:00:06 | This is in furtherance to the disclosure dated April 23, 2020 made by us regarding pay cuts implemented by the NDTV Group as a response to the economic uncertainties caused by the COVID-19 pandemic.
The pay cuts, of between 10 - 40 per cent, were implemented effective April 1, 2020, based on income slabs (employees earning ?50,000 per month or less were exempted) for a period of three months, subject to review at the end of the period.
Upon review, it has been decided that through July 1, 2020, the existing pay cuts shall continue but effective August 1, 2020, NDTV Group will end pay cuts for all employees who took a pay cut between 10 - 20 per cent.
You are requested to take the aforesaid information on record.
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