Zomato CEO Deepinder Goyal has decided to extend his voluntary salary waiver of Rs 3.5 crore until the end of the financial year 2026.
Initially, Goyal had committed to forgo his salary for 36 months, ending in March 2024. However, he has now chosen to extend this period by an additional two years.
Goyal will continue to fulfill his responsibilities as Managing Director and CEO without receiving any salary until March 31, 2026.
Despite the salary waiver, Goyal remains eligible for variable pay, the details of which will be determined by the board at a later date.
Goyal's stake in Zomato is valued at over Rs 10,000 crore, reflecting a significant increase due to the company's stock performance, which has risen over 140 percent year-to-date.
As of November 26, Zomato shares were trading at Rs 277.35 on the Bombay Stock Exchange.