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Atul Ltd | Annual Report 2014-15
Particulars
Status
vi)
Comparison of the remuneration of the Key Managerial
Personnel against the performance of the Company
(
`
cr)
2013-14 2014-15 % increase
|
decrease
Sales
2,307.00 2,510 .00
9.00
PBT
297.00 312.00
5.00
Remuneration
8.09
9.57
10.00
vii) Variations in the market capitalisation of the Company,
price earnings ratio as at the closing date of the
current financial year and previous financial year and
percentage increase or decrease in the market
quotations of the shares of the Company in comparison
to the rate at which the Company came out with the
last public offer in case of listed companies and in case
of unlisted companies, the variations in the net worth
of the Company as at the close of the current financial
year and previous financial year
During 2014-15, market capitalisation increased from
`
1,286 cr
to
`
3,345 cr.
Price earnings ratio increased from 6.04 to 15.38.
As compared to last public offer price of
`
45 in 1994, the market
price was
`
1,128 as on March 31, 2015.
viii) 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 10%.
There is no exceptional increase in remuneration of Key Managerial
Personnel.
ix)
Comparison of the remuneration of each Key
Managerial Personnel against the performance of the
Company
During 2014-15, sales grew by 9%, PBT by 5% and the
remuneration of KMPs increased by 10%.
(
`
cr)
Remuneration
2013-14 2014-15 % increase
|
decrease
Chairman and
Managing Director
S S Lalbhai
4.45
4.98
12.00
Managing Director
S A Lalbhai
1.52
1.74
14.00
Whole-time Director
B N Mohanan
0.94
0.86
(8.00)
S R Nammalvar
0.01
0.48 Part of the year
Whole-time Director
and Chief Financial
Officer
T R Gopi Kannan
1.16
1.33
14.00
Company Secretary
L P Patni
–
0.20
NA
NA = Not Applicable
x)
Key parameters for any variable component of
remuneration availed by the Directors
Linked with the Company performance. Mainly, profit growth
xi)
Ratio of the remuneration of the highest paid Director
to that of the employees who are not Directors but
receive remuneration in excess of the highest paid
Director during the year
There are no such employees
xii) 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, 2015.