Corporate Overview Statutory Reports Financial Statements 37 2.6. Remuneration No. Name Remuneration during the year (`) Sitting fees Salary and perquisites Commission Total Chairman and Managing Director 01. Sunil Lalbhai - 5,00,72,121 5,31,94,000 10,32,66,121 Managing Director 02. Samveg Lalbhai - 1,38,57,615 1,76,34,030 3,14,91,645 Whole-time Directors 03. Bharathy Mohanan - 1,71,14,3181 - 1,71,14,318 04. Gopi Kannan Thirukonda - 2,29,25,9732 - 2,29,25,973 Non-executive Directors 05. Rajendra Shah3 1,40,000 - 2,92,500 4,32,500 06. Bansi Mehta3 35,000 - 1,05,000 1,40,000 07. Susim Datta 2,45,000 - 8,10,000 10,55,000 08. Srinivasa Rangan3 2,10,000 - 7,59,375 9,69,375 09. Mukund Chitale 3,50,000 - 10,12,500 13,62,500 10. Shubhalakshmi Panse 4,55,000 - 13,95,000 18,50,000 11. Baldev Arora 6,00,000 - 17,10,000 23,10,000 12. Pradeep Banerjee 2,45,000 - 9,00,000 11,45,000 13. Rangaswamy Iyer3 3,15,000 - 11,55,000 14,70,000 14. Sharadchandra Abhyankar3 1,75,000 - 4,50,000 6,25,000 15. Sujal Shah3 1,75,000 - 4,50,000 6,25,000 1includes variable pay ` 18,23,000 2includes variable pay ` 24,17,000 3 for a part of the year Sitting fees of up to ` 50,000 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 28, 2023, for a period of five years, effective April 01, 2023. The Board approves, within the aforesaid limit as per the Remuneration Policy of the Company, the 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 3. Committees of the Board The Board has constituted the following Committees: a) Audit Committee b) Corporate Social Responsibility Committee c) Investment Committee d) Nomination and Remuneration Committee e) Risk Management Committee f) Stakeholders Relationship Committee
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