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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
3.21
0.85
S S Baijal
5.39
1.27
B S Mehta
4.18
1.27
H S Shah
1.91
0.45
S M Datta
3.86
0.95
V S Rangan
3.49
0.85
M M Chitale
2.85
0.42
S A Panse
3.06
0.64
B R Arora
3.06
0.64
S S Lalbhai
213.38
86.99
S A Lalbhai
68.48
28.89
B N Mohanan
33.77
28.70
T R Gopi Kannan
42.14
38.22
ii)
Percentage increase in remuneration of each of the
Directors, the Chief Financial Officer, the Chief Executive
Officer, the Company Secretary or the Manager, if any,
in the financial year
Directors
%
R A Shah
10.42
S S Baijal
8.54
B S Mehta
15.00
H S Shah
2.94
S M Datta
48.26
V S Rangan
(12.80)
M M Chitale
2.17
S A Panse
9.78
B R Arora
9.78
Chairman and Managing Director
S S Lalbhai
(0.44)
Managing Director
S A Lalbhai
0.15
Whole-time Director
B N Mohanan
(5.40)
Whole-time Director and Chief Financial Officer
T R Gopi Kannan
(4.97)
Company Secretary
L P Patni
2.36
iii)
Percentage increase in the median remuneration of
employees in the financial year
2.66%
iv)
Number of permanent employees on the rolls of
Company
2,454
v)
Average percentile increase already made in the salaries
of employees other than the managerial personnel
in the last financial year and its comparison with the
percentile increase in the managerial remuneration
and justification thereof and point out if there are
any exceptional circumstances for increase in the
managerial remuneration
Average increase for Key Managerial Personnel and for other
employees was about 8%.
There is no exceptional increase in remuneration of Key Managerial
Personnel.
vi)
Affirmation that the remuneration is as per the
Remuneration Policy of the Company
It is affirmed that the remuneration is as per the Remuneration
Policy of the Company.
*Read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and forming part of the Directors’ Report for the year
ended March 31, 2018.