Atul Ltd 2015-16

47 6. Statement of particulars under Sections 134 (3)(q) and 197 (12) of the Companies Act, 2013* Particulars Status i) Ratio of the remuneration of each Director to the median remuneration of the employees of the Company for the financial year Number of times if total remuneration of the Director is considered if total remuneration of the Director excluding variable pay and commission is considered R A Shah 3.29 0.44 S S Baijal 5.78 0.81 B S Mehta 4.25 0.73 H S Shah 4.41 0.60 S M Datta 4.03 0.51 V S Rangan 4.83 0.73 M M Chitale 2.05 0.29 S A Panse 3.22 0.29 B R Arora 3.37 0.44 S S Lalbhai 240.06 89.08 S A Lalbhai 75.33 31.86 B N Mohanan 38.33 29.99 T R Gopi Kannan 51.75 40.80 ii) Percentage increase in remuneration of each of the Director, the Chief Financial Officer, the Chief Executive Officer, the Company Secretary or the Manager, if any, in the financial year Directors % R A Shah 13.49 S S Baijal 0.25 B S Mehta (0.26) H S Shah 27.92 S M Datta 37.50 V S Rangan 1.54 M M Chitale 40.00 S A Panse NA B R Arora NA Chairman and Managing Director S S Lalbhai 31.81 Managing Director S A Lalbhai 18.50 Whole-time Director B N Mohanan 21.81 Whole-time Director and Chief Financial Officer T R Gopi Kannan 6.28 Company Secretary L P Patni 13.70 iii) Percentage increase in the median remuneration of employees in the financial year 23.94% iv) Number of permanent employees on the rolls of Company 2,486 v) Explanation on the relationship between average increase in remuneration and Company performance During 2015-16, sales decreased by 4.10% from ` 2,510 cr to ` 2,407 cr, PBT increased by 25.96% from ` 312 cr to ` 393 cr and PAT by 23.50% from ` 217 cr to ` 268 cr. Average increase in aggregate remuneration was 10%. Apart from the Company performance, other factors like inflation and market factors contributed to the increase in remuneration.