Atul Ltd 2020-21

54 Atul Ltd | Annual Report 2020-21 2.5 Attendance at the Board meetings and the AGM No. Name Board meetings AGM on July 31, 2020 Total Attended 01. S S Lalbhai 7 7 Present 02. R A Shah 7 7 - 03. B S Mehta 7 6 - 04. S A Lalbhai 7 7 Present 05. S M Datta 7 7 Present 06. B NMohanan 7 7 Present 07. V S Rangan 7 7 Present 08. M M Chitale 7 7 Present 09. T R Gopi Kannan 7 7 Present 10. S A Panse 7 7 Present 11. B RArora 7 7 Present 2.6 Appointment | Cessation 2.6.1 Appointed: nil 2.6.2 Ceased: nil 2.6.3 Resigned: nil 2.7 Remuneration No. Name Remuneration during the year ( ` ) Sitting fees Salary and perquisites Commission Total Chairman and Managing Director 01. S S Lalbhai - 5,56,41,778 8,43,64,000 14,00,05,778 Managing Director 02. S A Lalbhai - 1,17,47,812 1,59,94,560 2,77,42,372 Whole-time Directors 03. B N Mohanan - 1,55,46,765 1 - 1,55,46,765 04. T R Gopi Kannan - 1,97,61,306 2 - 1,97,61,306 Non-executive Directors 05. R A Shah 3,85,000 - 9,75,000 13,60,000 06. B S Mehta 4,55,000 - 12,58,000 17,13,000 07. S M Datta 4,20,000 - 12,00,000 16,20,000 08. V S Rangan 4,55,000 - 14,00,000 18,55,000 09. M M Chitale 4,90,000 - 15,00,000 19,90,000 10. S A Panse 3,50,000 - 11,00,000 14,50,000 11. B R Arora 6,90,000 - 18,00,000 24,90,000 1 Includes variable pay ` 30,65,000 2 Includes variable pay ` 41,03,000 Sitting fees of up to ` 35,000 per meeting constitute fees paid to the Non-executive Directors for attending Board, Committee and other meetings. Commission of up to 1% of the net profit of the Company to the Non-executive Directors was approved by the Members of the Company at the AGM held on July 27, 2018, for a period of five years, effective April 01, 2018. The Board approves, within the aforesaid limit as per the Remuneration Policy of the Company, commission payable to each Non-executive Director. The Remuneration policy is disclosed on the website of the Company at www.atul.co.in/investors/policies