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Atul Ltd | Annual Report 2017-18
No. Particulars
Reason for
change
Shareholding as at
April 01, 2017
Cumulative shareholding
during 2017-18
Number of
shares
% of total
shares of the
Company
Number of
shares
% of total
shares of the
Company
13. B R Arora
At the beginning of the year
100
–
100
–
Increase | Decrease during the year
At the end of the year
100
–
100
–
14. L P Patni
At the beginning of the year
–
–
–
–
Increase | Decrease during the year
At the end of the year
–
–
–
–
4.5 Indebtedness
Indebtedness of the Company including interest outstanding | accrued, but not due for payment
(
`
cr)
Particulars
Secured loans
excluding deposits
Unsecured
loans
Deposits
Total
indebtedness
Indebtedness at the beginning of the financial year
i)
Principal amount
29.39
125.83
–
155.22
ii)
Interest due, but not paid
–
–
–
–
iii)
Interest accrued, but not due
0.18
–
–
0.18
Total i) + ii) + iii)
29.57
125.83
–
155.40
Change in indebtedness during the financial year
Addition
–
–
–
–
Reduction
29.57
125.82
–
155.39
Net change
29.57
125.82
–
155.39
Indebtedness at the end of the financial year
i)
Principal amount
0.01
–
–
0.01
ii)
Interest due, but not paid
–
–
–
–
iii)
Interest accrued, but not due
–
–
–
–
Total i) + ii) + iii)
0.01
–
–
0.01
Note: As on March 31, 2018, two deposits of
`
0.005 cr from each of the Directors, Mr B S Mehta and Mr R A Shah were lying with
the Company.
4.6 Remuneration of the Directors and the Key Managerial Personnel
4.6.1 Remuneration to the Managing Director, the Whole-time Directors and | or the Manager
(
`
)
No. Particulars
S S Lalbhai
1
S A Lalbhai
B N Mohanan T R Gopi Kannan
2
Total amount
01.
Gross salary
Salary as per provisions
under Section 17(1) of the
Income Tax Act, 1961
3
2,86,27,689
89,69,192
87,35,451
1,25,74,333
5,89,06,665
Value of perquisites
under Section 17(2) of the
Income Tax Act, 1961
79,244
5,65,885
7,35,474
39,600
14,20,203
Profits in lieu of salary
under Section 17(3) of the
Income Tax Act, 1961
–
–
–
–
–
02.
Stock option
–
–
–
–
–
03.
Sweat Equity
–
–
–
–
–
04.
Commission
4,17,10,000
4
1,30,64,250
5
–
–
5,47,74,250
05.
Variable pay
–
–
16,73,000
12,93,000
29,66,000
06.
Others
–
–
–
–
–
07.
Total (A)
7,04,16,933
2,25,99,327
1,11,43,925
1,39,06,933
11,80,67,118
08.
Overall ceiling as per the Act
41,71,00,000
1
CMD (CEO)
2
WtD (CFO)
3
Excluding commission and variable pay
4
1% of profit (
`
4,17,10,000) or 60 months basic salary (
`
7,16,85,000), whichever is lower.
5
0.50% of profit (
`
2,08,55,000) or 30 months basic salary (
`
1,30,64,250), whichever is lower.