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The material terms of the draft Agreement are as under:
I. Responsibilities:
qƑ qūĺîŠîŠ DžĿŕŕ ĺîDŽĚ ƑĚƙƎūŠƙĿċĿŕĿƥĿĚƙ ūlj ūDŽĚƑîŕŕ ƙƭƎĚƑDŽĿƙĿūŠ ūlj ÀƥĿŕĿƥĿĚƙ îŠē ¬ĚƑDŽĿČĚƙ GƭŠČƥĿūŠȦ OĚ DžĿŕŕ îŕƙū ēĿƙČĺîƑijĚ ƥĺĚ
ƑĚƙƎūŠƙĿċĿŕĿƥĿĚƙ ūlj ƥĺĚ ~ČČƭƎĿĚƑȦ TŠ îēēĿƥĿūŠȡ ĺĚ DžĿŕŕ îŕƙū ċĚ ƑĚƙƎūŠƙĿċŕĚ ljūƑ îŠNj ūƥĺĚƑ ēƭƥĿĚƙ îƙ ŞîNj ċĚ îƙƙĿijŠĚē ƥū ĺĿŞ ċNj
the Chairman and Managing Director and the Board.
II. Tenure:
¹ĺĚ ƎĚƑĿūē ūlj ūljǛČĚ ūlj qƑ qūĺîŠîŠ DžĿŕŕ ċĚ ljūƑ ƥĺƑĚĚ NjĚîƑƙ ĚljljĚČƥĿDŽĚ cîŠƭîƑNj Ǧǧȡ ǨǦǨǦȦ
III. Remuneration:
'ƭƑĿŠij ƥĺĚ ƥĚŠƭƑĚ ūlj qƑ qūĺîŠîŠȡ ĺĚ DžĿŕŕ ċĚ ƎîĿē ƑĚŞƭŠĚƑîƥĿūŠ îƙ ċĚŕūDžȠ
1) Basic salary of
`
3,38,418 (Rupees three lakhs thirty eight thousand four hundred and eighteen only) per month. The
Basic Salary may be increased from time to time by the Nomination and Remuneration Committee at its absolute
ēĿƙČƑĚƥĿūŠ DžĿƥĺĿŠ ƥĺĚ ČūŠƥƑîČƥƭîŕ ƎĚƑĿūē ūlj ƥĺƑĚĚ NjĚîƑƙȫ ĺūDžĚDŽĚƑȡ ƥĺĚ ŞîNJĿŞƭŞ ċîƙĿČ ƙîŕîƑNj ƎîNjîċŕĚ DžĿŕŕ Šūƥ ĚNJČĚĚē
`
ǫȡǯǨȡǦǦǦ ȳ¤ƭƎĚĚƙ ǛDŽĚ ŕîŒĺƙ ŠĿŠĚƥNj ƥDžū ƥĺūƭƙîŠē ūŠŕNjȴ ƎĚƑ ŞūŠƥĺȦ
Ǩȴ
ŕŕūDžîŠČĚƙ ʈ ĚŠĚǛƥƙ ūlj
`
ǩȡǪǨȡǩǫǫ ȳ¤ƭƎĚĚƙ ƥĺƑĚĚ ŕîŒĺƙ ljūƑƥNj ƥDžū ƥĺūƭƙîŠē ƥĺƑĚĚ ĺƭŠēƑĚē îŠē ǛljƥNj ǛDŽĚ ūŠŕNjȴ ƎĚƑ ŞūŠƥĺ
DžĺĿČĺ ŞîNj ċĚ ƑĚDŽĿƙĚē ljƑūŞ ƥĿŞĚ ƥū ƥĿŞĚ ƭƎ ƥū
`
5,99,000 (
¤ƭƎĚĚƙ ǛDŽĚ ŕîŒĺƙ ŠĿŠĚƥNj ŠĿŠĚ ƥĺūƭƙîŠē ūŠŕNj
) per month.
3) Variable pay as per policy of the Company.
4) Perquisites
îȴ OūƭƙĿŠijȠ ƥĺĚ ūŞƎîŠNj DžĿŕŕ ƎƑūDŽĿēĚ ljƭƑŠĿƙĺĚē ƑĚƙĿēĚŠƥĿîŕ îČČūŞŞūēîƥĿūŠ DžĿƥĺ DžîƥĚƑ îŠē ĚŕĚČƥƑĿČĿƥNj ūƑ ƎîNj
OūƭƙĚ ¤ĚŠƥ ŕŕūDžîŠČĚȡ îƙ ƎĚƑ Ŀƥƙ ƎūŕĿČNjȦ
ċȴ GƭƑŠĿƙĺĿŠijȠ ƥĺĚ ūŞƎîŠNj DžĿŕŕ ƎƑūDŽĿēĚ ljƭƑŠĿƥƭƑĚ îŠē ǛNJƥƭƑĚƙ îƙ ƎĚƑ Ŀƥƙ ƎūŕĿČNjȦ
Čȴ qĚēĿČîŕ ƑĚĿŞċƭƑƙĚŞĚŠƥȠ ƥĺĚ ūŞƎîŠNj DžĿŕŕ ƑĚĿŞċƭƑƙĚ ŞĚēĿČîŕ ĚNJƎĚŠƙĚƙ ĿŠČƭƑƑĚē îƙ ƎĚƑ Ŀƥƙ ƎūŕĿČNjȦ
ēȴ gĚîDŽĚ ƥƑîDŽĚŕ îƙƙĿƙƥîŠČĚȠ ƥĺĚ ūŞƎîŠNj DžĿŕŕ ƎƑūDŽĿēĚ ŕĚîDŽĚ ƥƑîDŽĚŕ îƙƙĿƙƥîŠČĚ ljūƑ ƙĚŕlj îŠē ljîŞĿŕNj ūŠČĚ ĿŠ î NjĚîƑ îƙ
per its policy.
Ěȴ ¡ĚƑƙūŠîŕ îČČĿēĚŠƥ ĿŠƙƭƑîŠČĚ ʈ qĚēĿČîŕ ĿŠƙƭƑîŠČĚȠ ƥĺĚ ūŞƎîŠNj DžĿŕŕ ƎƑūDŽĿēĚ ƎĚƑƙūŠîŕ îČČĿēĚŠƥ ĿŠƙƭƑîŠČĚ îŠē
medical insurance as per its policy.
ljȴ
îƑȠ ƥĺĚ ūŞƎîŠNj DžĿŕŕ ƎƑūDŽĿēĚ î ČîƑ îƥ Ŀƥƙ ĚŠƥĿƑĚ Čūƙƥ îƙ ƎĚƑ Ŀƥƙ ƎūŕĿČNjȦ
ijȴ îƑ ēƑĿDŽĚƑ DžîijĚƙ ʈ ljƭĚŕ ʈ ŞîĿŠƥĚŠîŠČĚȠ ƥĺĚ ūŞƎîŠNj DžĿŕŕ ƑĚĿŞċƭƑƙĚ ČîƑ ēƑĿDŽĚƑ DžîijĚƙȡ ljƭĚŕ îŠē ŞîĿŠƥĚŠîŠČĚ
expenses as per its policy.
ĺȴ ūŞŞƭŠĿČîƥĿūŠ ēĚDŽĿČĚƙȠ ƥĺĚ ūŞƎîŠNj DžĿŕŕ ƎƑūDŽĿēĚ î ŕîŠēŕĿŠĚ ƥĚŕĚƎĺūŠĚ îƥ ƑĚƙĿēĚŠČĚ îŠē ūƥĺĚƑ ČūŞŞƭŠĿČîƥĿūŠ
devices at its entire cost as per its policy.
5) Retirals
îȴ ¹ĺĚ ūŞƎîŠNj DžĿŕŕ ČūŠƥƑĿċƭƥĚ ƥūDžîƑēƙ ƎƑūDŽĿēĚŠƥ ljƭŠē îŠē ƙƭƎĚƑƭîƥĿūŠ ljƭŠē ƎƑūDŽĿēĚē îƙ ƎĚƑ Ŀƥƙ ƎūŕĿČNjȦ
ċȴ ¹ĺĚ ūŞƎîŠNj DžĿŕŕ ƎîNj ijƑîƥƭĿƥNj îƙ ƎĚƑ Ŀƥƙ ƎūŕĿČNjȦ ¹ĺĚ ƎĚƑĿūē DžūƑŒĚē ƭŠēĚƑ ƥĺĿƙ ČūŠƥƑîČƥ DžĿŕŕ ċĚ ĿŠ ČūŠƥĿŠƭƭŞ ūlj
the service already considered under the policy.
Čȴ ¹ĺĚ ūŞƎîŠNj DžĿŕŕ ijƑîŠƥ ŕĚîDŽĚƙ îŠē îŕŕūDž ĚŠČîƙĺŞĚŠƥ ūlj ŕĚîDŽĚƙ Šūƥ îDŽîĿŕĚēȡ îƙ ƎĚƑ Ŀƥƙ ƎūŕĿČNjȦ
IV.
qƑ qūĺîŠîŠ DžĿŕŕ Šūƥ ċĚ ĚŠƥĿƥŕĚē ƥū ƙĿƥƥĿŠij ljĚĚƙ ljūƑ îƥƥĚŠēĿŠij ŞĚĚƥĿŠijƙ ūlj ƥĺĚ ūîƑē îŠē ʈ ūƑ ūŞŞĿƥƥĚĚƙ ƥĺĚƑĚūljȦ OĚ DžĿŕŕȡ
ĺūDžĚDŽĚƑȡ ċĚ ƑĚĿŞċƭƑƙĚē ƥĺĚ îČƥƭîŕ ƥƑîDŽĚŕŕĿŠijȡ ŕūēijĿŠijȡ ċūîƑēĿŠij îŠē ūƭƥ ūlj ƎūČŒĚƥ ĚNJƎĚŠƙĚƙ ĿŠČƭƑƑĚē ċNj ĺĿŞ ljūƑ îƥƥĚŠēĿŠij
meetings of the Board or Committees thereof.
V.
The above remuneration and any alteration thereof from time to time is subject to the overall limit of 5% of the annual
ŠĚƥ ƎƑūǛƥ ūlj ƥĺĚ ūŞƎîŠNj îŠē ƙƭċŏĚČƥ ljƭƑƥĺĚƑ ƥū ƥĺĚ ūDŽĚƑîŕŕ ŕĿŞĿƥ ūlj ǧǦɼ ūlj ƥĺĚ îŠŠƭîŕ ŠĚƥ ƎƑūǛƥ ūlj ƥĺĚ ūŞƎîŠNj îƙ
ČūŞƎƭƥĚē ƭŠēĚƑ ¬ĚČƥĿūŠ ǧǯǮ îŠē îŠNj ūƥĺĚƑ îƎƎŕĿČîċŕĚ ƎƑūDŽĿƙĿūŠƙ ūlj ƥĺĚ ūŞƎîŠĿĚƙ Čƥȡ ǨǦǧǩȦ ¡ƑūDŽĿēĚēȡ ĺūDžĚDŽĚƑȡ ƥĺîƥ ĿŠ
ƥĺĚ ĚDŽĚŠƥ ūlj îċƙĚŠČĚ ūƑ ĿŠîēĚƐƭîČNj ūlj ƎƑūǛƥȡ qƑ qūĺîŠîŠ DžĿŕŕ ċĚ ƎîĿē ŞĿŠĿŞƭŞ ƑĚŞƭŠĚƑîƥĿūŠ ƙƭċŏĚČƥ ƥū ¬ČĺĚēƭŕĚ × ūlj
the Companies Act, 2013.
VI.
ƑîƥĚîċŕĚ ƎƑūƎūƑƥĿūŠ ūlj ƥĺĚ îljūƑĚƙîĿē ƑĚŞƭŠĚƑîƥĿūŠ DžĿŕŕ ċĚ ƎîNjîċŕĚ ċNj ƥĺĚ ūŞƎîŠNjȡ ĿŠ ƥĺĚ ĚDŽĚŠƥ ūlj ČĚƙƙîƥĿūŠ ūlj ūljǛČĚ
ēƭƑĿŠij îŠNj ǛŠîŠČĿîŕ NjĚîƑȦ
99
Notice