Atul Ltd 2019-20

Corporate Overview Statutory Reports Financial Statements 01-21 22-91 92-228 44 Atul Ltd | Annual Report 2019-20 4.5 Indebtedness ( ` cr ) Particulars Secured loans excluding deposits Unsecured loans Deposits Total indebtedness Indebtedness at the beginning of the financial year i) Principal amount - - - - ii) Interest due, but not paid - - - - iii) Interest accrued, but not due - - - - Total i) + ii) + iii) - - - - Change in indebtedness during the financial year Addition - - - - Reduction - - - - Net change - - - - Indebtedness at the end of the financial year i) Principal amount - - - - ii) Interest due, but not paid - - - - iii) Interest accrued, but not due - - - - Total i) + ii) + iii) - - - - 4.6 Remuneration of the Directors and the Key Managerial Personnel 4.6.1 Remuneration to the Managing Directors and Whole-time Directors ( ` ) No. Particulars S S Lalbhai 1 S A Lalbhai B N Mohanan T R Gopi Kannan 2 Total amount 1. Gross salary Salary as per provisions under Section 17(1) of the Income Tax Act, 1961 3 3,84,72,706 1,15,40,091 1,17,84,855 1,54,03,760 7,72,01,412 Value of perquisites under Section 17(2) of the Income Tax Act, 1961 5,52,508 1,01,980 10,35,030 69,600 17,59,118 Profits in lieu of salary under Section 17(3) of the Income Tax Act, 1961 - - - - - 2. Stock option - - - - - 3. Sweat equity - - - - - 4. Commission 8,13,97,000 4 1,52,32,920 5 - - 9,66,29,920 5. Variable pay - - 25,25,000 56,41,000 81,66,000 6. Others - - - - - 7. Total (A) 12,04,22,214 2,68,74,991 1,53,44,885 2,11,14,360 18,37,56,450 8. Overall ceiling as per the Act 81,39,70,000 1 CMD (CEO) 2 WtD (CFO) 3 Excluding commission and variable pay 4 1% of profit ( ` 8,13,97,000) or 60 months basic salary ( ` 9,63,44,640), whichever is lower. 5 0.50% of profit ( ` 4,06,98,500) or 30 months basic salary ( ` 1,52,32,920), whichever is lower.