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6.
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
3.29
0.44
S S Baijal
5.78
0.81
B S Mehta
4.25
0.73
H S Shah
4.41
0.60
S M Datta
4.03
0.51
V S Rangan
4.83
0.73
M M Chitale
2.05
0.29
S A Panse
3.22
0.29
B R Arora
3.37
0.44
S S Lalbhai
240.06
89.08
S A Lalbhai
75.33
31.86
B N Mohanan
38.33
29.99
T R Gopi Kannan
51.75
40.80
ii)
Percentage increase in remuneration of each of the
Director, the Chief Financial Officer, the Chief Executive
Officer, the Company Secretary or the Manager, if any,
in the financial year
Directors
%
R A Shah
13.49
S S Baijal
0.25
B S Mehta
(0.26)
H S Shah
27.92
S M Datta
37.50
V S Rangan
1.54
M M Chitale
40.00
S A Panse
NA
B R Arora
NA
Chairman and Managing Director
S S Lalbhai
31.81
Managing Director
S A Lalbhai
18.50
Whole-time Director
B N Mohanan
21.81
Whole-time Director and Chief Financial Officer
T R Gopi Kannan
6.28
Company Secretary
L P Patni
13.70
iii) Percentage increase in the median remuneration of
employees in the financial year
23.94%
iv) Number of permanent employees on the rolls of
Company
2,486
v)
Explanation on the relationship between average
increase in remuneration and Company performance
During 2015-16, sales decreased by 4.10% from
`
2,510 cr to
`
2,407 cr, PBT increased by 25.96% from
`
312 cr to
`
393 cr and
PAT by 23.50% from
`
217 cr to
`
268 cr.
Average increase in aggregate remuneration was 10%.
Apart from the Company performance, other factors like inflation
and market factors contributed to the increase in remuneration.