Atul Ltd 2020-21

40 Atul Ltd | Annual Report 2020-21 5. Statement of particulars under Sections 134(3)(q) and 197(12) of the Companies Act, 2013* Particulars Status i) Ratio 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 3.55 0.75 B S Mehta 4.47 1.08 S M Datta 4.22 0.65 V S Rangan 4.84 0.65 M M Chitale 5.19 1.08 S A Panse 3.78 0.54 B R Arora 6.49 1.03 S S Lalbhai 365.09 120.24 S A Lalbhai 72.34 35.87 B N Mohanan 40.54 39.50 T R Gopi Kannan 51.53 47.67 ii) Percentage increase in remuneration of the Directors, the Chief Executive Officer, the Chief Financial Officer and the Company Secretary, if any, in the financial year Directors % R A Shah 11.48 B S Mehta (12.15) S M Datta 14.89 V S Rangan 62.15 M M Chitale 7.57 S A Panse 13.73 B R Arora 16.63 Chairman and Managing Director S S Lalbhai 16.26 Managing Director S A Lalbhai 3.23 Whole-time Director B N Mohanan 1.32 Whole-time Director and Chief Financial Officer T R Gopi Kannan (6.41) Company Secretary L P Patni (3.59) iii) Percentage increase in the median remuneration of employees in the financial year 9.57% iv) Number of permanent employees on the rolls of the Company 2,991 v) Average 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 explanation 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) Affirmation 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, 2021.