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Atul Ltd | Annual Report 2015-16
2.6 Appointment | Cessation
» Appointed: Nil
» Ceased: Nil
» 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
– 2,43,39,000 4,12,50,000 6,55,89,000
Managing Director
02
S A Lalbhai
– 87,03,995 1,18,76,580 2,05,80,575
Whole-time Directors
03
B N Mohanan
– 1,04,72,107
– 1,04,72,107
04
T R Gopi Kannan
– 1,41,39,545
– 1,41,39,545
Non-executive Directors
*
05
R A Shah
1,20,000
-
7,80,000 9,00,000
06
S S Baijal
2,20,000
-
13,60,000 15,80,000
07
B S Mehta
2,00,000
-
9,60,000 11,60,000
08
H S Shah
1,65,000
-
10,40,000 12,05,000
09
S M Datta
1,40,000
-
9,60,000 11,00,000
10
V S Rangan
2,00,000
-
11,20,000 13,20,000
11
M M Chitale
80,000
-
4,80,000 5,60,000
12
S A Panse
80,000
-
8,00,000 8,80,000
13
B R Arora
1,20,000
-
8,00,000 9,20,000
*Except Mr B S Mehta and Mr R A Shah, all other Non-executive Directors are Independent
Sitting fees of up to
`
20,000 per meeting constitute fees paid to the Non-executive Directors for attending Board,
Committee and other meetings.
Commission up to 1% of the net profits of the Company to the Non-executive Directors was approved by the Members
of the Company at the AGM held on July 26, 2013 for a period of 5 years, effective from April 01, 2013. The Board
approves, within the aforesaid limit, commission payable to each Non-executive Director.
3.
Committees of the Board
The Board has constituted the following Committees:
» Audit Committee
» Nomination and Remuneration Committee
» Stakeholders Relationship Committee
» Corporate Social Responsibility Committee
» Investment Committee