Atul Ltd 2015-16

Atul Ltd | Annual Report 2015-16 2.6 Appointment | Cessation » Appointed: Nil » Ceased: Nil » Resigned: Nil 2.7 Remuneration No. Name Remuneration during the year Sitting fees Salary and perquisites Commission Total ` ` ` ` Chairman and Managing Director 01 S S Lalbhai – 2,43,39,000 4,12,50,000 6,55,89,000 Managing Director 02 S A Lalbhai – 87,03,995 1,18,76,580 2,05,80,575 Whole-time Directors 03 B N Mohanan – 1,04,72,107 – 1,04,72,107 04 T R Gopi Kannan – 1,41,39,545 – 1,41,39,545 Non-executive Directors * 05 R A Shah 1,20,000 - 7,80,000 9,00,000 06 S S Baijal 2,20,000 - 13,60,000 15,80,000 07 B S Mehta 2,00,000 - 9,60,000 11,60,000 08 H S Shah 1,65,000 - 10,40,000 12,05,000 09 S M Datta 1,40,000 - 9,60,000 11,00,000 10 V S Rangan 2,00,000 - 11,20,000 13,20,000 11 M M Chitale 80,000 - 4,80,000 5,60,000 12 S A Panse 80,000 - 8,00,000 8,80,000 13 B R Arora 1,20,000 - 8,00,000 9,20,000 *Except Mr B S Mehta and Mr R A Shah, all other Non-executive Directors are Independent Sitting fees of up to ` 20,000 per meeting constitute fees paid to the Non-executive Directors for attending Board, Committee and other meetings. Commission up to 1% of the net profits of the Company to the Non-executive Directors was approved by the Members of the Company at the AGM held on July 26, 2013 for a period of 5 years, effective from April 01, 2013. The Board approves, within the aforesaid limit, commission payable to each Non-executive Director. 3. Committees of the Board The Board has constituted the following Committees: » Audit Committee » Nomination and Remuneration Committee » Stakeholders Relationship Committee » Corporate Social Responsibility Committee » Investment Committee