Atul Ltd 2016-17

Atul Ltd | Annual Report 2016-17 No. Particulars Reason for change Shareholding as at April 01, 2016 Cumulative shareholding during 2016-17 Number of shares % of total shares of the Company Number of shares % of total shares of the Company 12. S A Panse At the beginning of the year 50 – 50 – Increase | Decrease during the year At the end of the year 50 – 50 – 13. B R Arora At the beginning of the year 100 – 100 – Increase | Decrease during the year At the end of the year 100 – 100 – 14. L P Patni At the beginning of the year – – – – Increase | Decrease during the year At the end of the year – – – – 4.5 Indebtedness Indebtedness of the Company including interest outstanding | accrued, but not due for payment ( ` cr) Particulars Secured loans excluding deposits Unsecured loans Deposits Total indebtedness Indebtedness at the beginning of the financial year i) Principal amount 132.97 168.69 – 301.67 ii) Interest due, but not paid – – – – iii) Interest accrued, but not due 0.42 – – 0.42 Total i) + ii) + iii) 133.39 168.69 – 302.09 Change in indebtedness during the financial year Addition – – – – Reduction 103.83 42.87 – 146.69 Net change 103.83 42.87 – 146.69 Indebtedness at the end of the financial year i) Principal amount 29.39 125.83 – 155.22 ii) Interest due, but not paid – – – – iii) Interest accrued, but not due 0.18 – – 0.18 Total i) + ii) + iii) 29.57 125.83 – 155.40 Note: As on March 31, 2017, 2 Deposits of ` 0.005 cr from each of the Directors, Mr B S Mehta and Mr R A Shah were lying with the Company. 4.6 Remuneration of the Directors and the Key Managerial Personnel 4.6.1 Remuneration to the Managing Director, the Whole-time Directors and | or the Manager ( ` ) No. Particulars S S Lalbhai 1 S A Lalbhai B N Mohanan T R Gopi Kannan 2 Total amount 01. Gross salary Salary as per provisions under Section 17(1) of the Income-tax Act, 1961 2,86,67,129 89,09,469 1,09,79,918 1,45,94,999 6,31,51,515 Value of perquisites under Section 17(2) of the Income-tax Act, 1961 77,744 5,91,619 7,99,691 39,600 15,08,654 Profits in lieu of salary under Section 17(3) of the Income-tax Act, 1961 – – – – – 02. Stock option – – – – – 03. Sweat Equity – – – – – 04. Commission 4,19,80,070 3 1,30,64,250 4 – – 5,50,44,320 05. Others – – – – – 06. Total (A) 7,07,24,943 2,25,65,338 1,17,79,609 1,46,34,599 11,97,04,489 07. Overall ceiling as per the Act 41,98,07,000 1 CMD (CEO) 2 WTD (CFO) 3 1% of profit ( ` 4,19,80,070/-) or 60 months basic salary ( ` 7,16,85,000/-) whichever is lower 4 0.50% of profit ( ` 2,09,90,035/-) or 30 months basic salary ( ` 1,30,64,250/-) whichever is lower.