38 / 116
36
(i) Details of remuneration to all the Directors
Number
Name of the Directors
Remuneration during the year
Sitting fee Salary and perks Commission Total
Rs
Rs
Rs
Rs
01
Mr S S Lalbhai
-
52,61,881
36,93,308 89,55,189
(Chairman and Managing Director)
02
Mr N N Wadia
-
-
-
-
up to May 31, 2009
03
Mr G S Patel
3,10,000
-
2,50,000 5,60,000
04
Dr S S Baijal
2,60,000
-
2,50,000 5,10,000
05
Mr B S Mehta
3,00,000
-
2,50,000 5,50,000
06
Mr H S Shah
1,20,000
-
1,50,000 2,70,000
07
Mr S M Datta
1,60,000
-
1,50,000 3,10,000
08
Dr K Aparajithan
-
-
-
-
09
Mr R A Shah (Alternate Director
1,60,000
-
1,50,000 3,10,000
to Dr K Aparajithan)
10
Mr J L Shah (Executive Director
-
65,74,973
18,93,561 84,68,534
up to December 31, 2008)
11
Mr S A Lalbhai (Managing Director)
-
38,38,472
24,62,205 63,00,677
12
Mr B N Mohanan (Additional Director
with effect from January 1, 2009)
-
11,47,426
-
11,47,426
Sitting fee constitute fees paid to Non-
Executive Directors for attending Board
and Committee meetings.
Commission to Non-Executive Directors
was approved by the Members of the
Company at the Annual General
Meeting held on August 25, 2008 for a
period of five years effective from April
1, 2008 up to 1 % of the net profits of
the Company. Within the aforesaid
limit, the Board approves the
commission payable to each Non-
Executive Director.
05) Share Transfer and
Shareholders’|Investors’
Grievance Committee
i) Name of Non-Executive Director
heading the committee:
Mr G S Patel
ii) Name of Members: Mr G S Patel and
Mr S S Lalbhai
iii) Name and designation of
Compliance Officer: Mr T R Gopi
Kannan, President, Finance and
Company Secretary
iv) Meetings and attendance during the
year