47 / 168
45
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
3.20
0.65
G S Patel
*
3.45
0.44
S S Baijal
6.36
1.21
B S Mehta
4.69
1.05
H S Shah
3.80
0.69
S M Datta
3.23
0.40
V S Rangan
5.25
0.97
M M Chitale
*
1.61
0.32
S A Panse
*
0.12
0.08
S S Lalbhai
200.84
77.74
S A Lalbhai
70.10
30.15
B N Mohanan
34.70
30.81
S R Nammalvar
*
19.18
17.82
T R Gopi Kannan
*
19.07
13.67
*
part of the year
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
(29.45)
G S Patel
(39.30)
S S Baijal
(8.69)
B S Mehta
(24.19)
H S Shah
(1.05)
S M Datta
(28.83)
V S Rangan
9.24
M M Chitale
NA
S A Panse
NA
Chairman and Managing Director
S S Lalbhai
11.71
Managing Director
S A Lalbhai
13.88
Whole-time Director
B N Mohanan
(8.11)
S R Nammalvar
6.43
Whole-time Director and Chief Financial Officer
T R Gopi Kannan
14.28
Company Secretary
L P Patni
16.51
NA = Not Applicable
iii)
Percentage increase in the median remuneration of
employees in the financial year
9.32%
iv)
Number of permanent employees on the rolls of
Company
2,481
v)
Explanation on the relationship between average
increase in remuneration and Company performance
During 2014-15, sales increased by 9% from
`
2,307 cr to
`
2,510 cr, PBT increased from
`
297 cr to
`
312 cr. PBT from
operations increased by 12.6% from
`
277 cr (excluding one-time
dividend received of
`
20 cr) to
`
312 cr and PAT by 1.9% from
`
213 cr to
`
217 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.