Atul Ltd 2017-18

45 6. Statement of particulars under Sections 134 (3)(q) and 197 (12) of the Companies Act, 2013* Particulars Status i) R atio 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 3.21 0.85 S S Baijal 5.39 1.27 B S Mehta 4.18 1.27 H S Shah 1.91 0.45 S M Datta 3.86 0.95 V S Rangan 3.49 0.85 M M Chitale 2.85 0.42 S A Panse 3.06 0.64 B R Arora 3.06 0.64 S S Lalbhai 213.38 86.99 S A Lalbhai 68.48 28.89 B N Mohanan 33.77 28.70 T R Gopi Kannan 42.14 38.22 ii) P ercentage increase in remuneration of each of the Directors, the Chief Financial Officer, the Chief Executive Officer, the Company Secretary or the Manager, if any, in the financial year Directors % R A Shah 10.42 S S Baijal 8.54 B S Mehta 15.00 H S Shah 2.94 S M Datta 48.26 V S Rangan (12.80) M M Chitale 2.17 S A Panse 9.78 B R Arora 9.78 Chairman and Managing Director S S Lalbhai (0.44) Managing Director S A Lalbhai 0.15 Whole-time Director B N Mohanan (5.40) Whole-time Director and Chief Financial Officer T R Gopi Kannan (4.97) Company Secretary L P Patni 2.36 iii) P ercentage increase in the median remuneration of employees in the financial year 2.66% iv) N umber of permanent employees on the rolls of Company 2,454 v) A verage percentile increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration and justification thereof and point out if there are any exceptional circumstances for increase in the managerial remuneration Average increase for Key Managerial Personnel and for other employees was about 8%. There is no exceptional increase in remuneration of Key Managerial Personnel. vi) A ffirmation that the remuneration is as per the Remuneration Policy of the Company It is affirmed that the remuneration is as per the Remuneration Policy of the Company. *  Read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and forming part of the Directors’ Report for the year ended March 31, 2018.