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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
ūŞƎîŠNj ljūƑ ƥĺĚ ǛŠîŠČĿîŕ NjĚîƑ
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
3.41
0.97
S S Baijal
5.61
1.36
B S Mehta
5.07
1.07
H S Shah
1.02
0.21
S M Datta
3.78
0.78
V S Rangan
4.47
0.97
M M Chitale
4.72
0.97
S A Panse
3.33
0.58
B R Arora
4.78
1.03
S S Lalbhai
280.35
93.28
S A Lalbhai
69.07
29.15
B N Mohanan
36.08
30.78
T R Gopi Kannan
45.40
38.58
ii) Percentage increase in remuneration of each of
ƥĺĚ 'ĿƑĚČƥūƑƙȡ ƥĺĚ ĺĿĚlj /NJĚČƭƥĿDŽĚ ~ljǛČĚƑȡ ƥĺĚ ĺĿĚlj
GĿŠîŠČĿîŕ ~ljǛČĚƑȡ ƥĺĚ ūŞƎîŠNj ¬ĚČƑĚƥîƑNjȡ Ŀlj îŠNjȡ ĿŠ ƥĺĚ
ǛŠîŠČĿîŕ NjĚîƑȦ
Directors
%
R A Shah
15.85
S S Baijal
13.48
B S Mehta
32.25
H S Shah
(41.59)
S M Datta
6.67
V S Rangan
39.88
M M Chitale
80.85
S A Panse
18.81
B R Arora
70.30
Chairman and Managing Director
S S Lalbhai
43.16
Managing Director
S A Lalbhai
9.83
Whole-time Director
B N Mohanan
9.06
Whole-time Director and Chief Financial
~ljǛČĚƑ
T R Gopi Kannan
16.97
Company Secretary
L P Patni
1.42
iii) Percentage increase in the median remuneration of
ĚŞƎŕūNjĚĚƙ ĿŠ ƥĺĚ ǛŠîŠČĿîŕ NjĚîƑ
9.09%
iv) Number of permanent employees on the rolls of
Company
2,574
v) Average percentile increase already made in the
salaries of employees other than the managerial
ƎĚƑƙūŠŠĚŕ ĿŠ ƥĺĚ ŕîƙƥ ǛŠîŠČĿîŕ NjĚîƑ îŠē Ŀƥƙ ČūŞƎîƑĿƙūŠ
with the percentile increase in the managerial
ƑĚŞƭŠĚƑîƥĿūŠ îŠē ŏƭƙƥĿǛČîƥĿūŠ ƥĺĚƑĚūlj îŠē ĚNJƎŕîŠîƥĿūŠ
Ŀlj ƥĺĚƑĚ îƑĚ îŠNj ĚNJČĚƎƥĿūŠîŕ ČĿƑČƭŞƙƥîŠČĚƙ ljūƑ ĿŠČƑĚîƙĚ
in the managerial remuneration
Average increase for Key Managerial Personnel and for other
employees was about 8%.
¹ĺĚƑĚ Ŀƙ Šū ĚNJČĚƎƥĿūŠîŕ ĿŠČƑĚîƙĚ ĿŠ ƑĚŞƭŠĚƑîƥĿūŠ ūlj eĚNj
Managerial Personnel.
DŽĿȴ ljǛƑŞîƥĿūŠ ƥĺîƥ ƥĺĚ ƑĚŞƭŠĚƑîƥĿūŠ Ŀƙ îƙ ƎĚƑ ƥĺĚ
Remuneration Policy of the Company
Tƥ Ŀƙ îljǛƑŞĚē ƥĺîƥ ƥĺĚ ƑĚŞƭŠĚƑîƥĿūŠ Ŀƙ îƙ ƎĚƑ ƥĺĚ ¤ĚŞƭŠĚƑîƥĿūŠ
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, 2019.
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Directors’ Report