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4.6 Remuneration of the Directors and the Key Managerial Personnel
4.6.1 Remuneration to the Managing Director, the Whole-time Directors and | or the Manager
(
`
)
No.
Particulars
S S Lalbhai
S A Lalbhai
B N Mohanan S R Nammalvar
1
T R Gopi Kannan
2
Total amount
1 Gross salary
Salary as per provisions under
Section 17(1) of the Income-
tax Act, 1961
1,41,09,724
69,47,475
80,45,752
38,78,224
47,03,193
3,76,84,368
Value of perquisites under
Section 17(2) of the Income-
tax Act, 1961
36,50,551
5,22,629
5,51,634
8,72,926
21,780
56,19,520
Profits in lieu of salary under
Section 17(3) of the Income-
tax Act, 1961
–
–
–
–
–
–
2 Stock option
–
–
–
–
–
–
3 Sweat Equity
–
–
–
–
–
–
4 Commission for 2014-15
3,20,00,000
3
98,97,150
4
–
–
–
4,18,97,150
5 Others
–
–
–
–
–
–
6 Total A
4,97,60,275
1,73,67,254
85,97,386
47,51,150
47,24,973
8,52,01,038
7 Ceiling as per the Act
32,02,20,900
1
Effective April 01, 2014 to July 22, 2014 |
2
Effective October 17, 2014 to March 31, 2015. He continues to be the CFO |
3
1% of profit (
`
3,20,00,000/-) or 60 months basic salary
(
`
4,50,00,000/-) whichever is lower |
4
0.50% of profit (
`
1,60,00,000/-) or 30 months basic salary (
`
98,97,150/-) whichever is lower.
4.6.2 Remuneration to the other Directors
(
`
)
No.
Particulars
R A Shah G S Patel
S S Baijal
B S Mehta H S Shah S M Datta V S Rangan M M Chitale S A Panse Total amount
1 Non-executive
Independent
Directors
a) Fee for
attending the
Board | the
Committee
meetings
– 1,10,000 3,00,000
–
1,70,000 1,00,000
2,40,000
80,000 20,000 10,20,000
b) Commission
– 7,44,000 12,76,000
– 7,72,000 7,00,000 10,60,000
3,20,000
10,000 48,82,000
Total 1
– 8,54,000 15,76,000
– 9,42,000
8,00,000 13,00,000
4,00,000
30,000 59,02,000
2 Non-executive
Non-independent
Directors
a) Fee for
attending the
Board | the
Committee
meetings
1,60,000
–
– 2,60,000
–
–
–
–
–
4,20,000
b) Commission 6,33,000
–
– 9,03,000
–
–
–
–
– 15,36,000
Total 2
7,93,000
–
– 11,63,000
–
–
–
–
– 19,56,000
Total B = (1+2)
7,93,000 8,54,000 15,76,000 11,63,000 9,42,000
8,00,000 13,00,000
4,00,000
30,000 78,58,000
Total managerial
remuneration
(A+B)
9,30,59,038
Overall ceiling as
per the Act
35,22,42,990