Atul Ltd 2017-18

Atul Ltd | Annual Report 2017-18 No. Particulars Reason for change Shareholding as at April 01, 2017 Cumulative shareholding during 2017-18 Number of shares % of total shares of the Company Number of shares % of total shares of the Company 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 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 Change in indebtedness during the financial year Addition – – – – Reduction 29.57 125.82 – 155.39 Net change 29.57 125.82 – 155.39 Indebtedness at the end of the financial year i) Principal amount 0.01 – – 0.01 ii) Interest due, but not paid – – – – iii) Interest accrued, but not due – – – – Total i) + ii) + iii) 0.01 – – 0.01 Note: As on March 31, 2018, two 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 3 2,86,27,689 89,69,192 87,35,451 1,25,74,333 5,89,06,665 Value of perquisites under Section 17(2) of the Income Tax Act, 1961 79,244 5,65,885 7,35,474 39,600 14,20,203 Profits in lieu of salary under Section 17(3) of the Income Tax Act, 1961 – – – – – 02. Stock option – – – – – 03. Sweat Equity – – – – – 04. Commission 4,17,10,000 4 1,30,64,250 5 – – 5,47,74,250 05. Variable pay – – 16,73,000 12,93,000 29,66,000 06. Others – – – – – 07. Total (A) 7,04,16,933 2,25,99,327 1,11,43,925 1,39,06,933 11,80,67,118 08. Overall ceiling as per the Act 41,71,00,000 1 CMD (CEO) 2 WtD (CFO) 3 Excluding commission and variable pay 4 1% of profit ( ` 4,17,10,000) or 60 months basic salary ( ` 7,16,85,000), whichever is lower. 5 0.50% of profit ( ` 2,08,55,000) or 30 months basic salary ( ` 1,30,64,250), whichever is lower.