Atul Ltd 2009-10

36 / Atul Ltd | Annual Report 2009-10 seven Non-executive Directors, two Promoter Directors and one Whole time Director. As against minimum requirement of 50% of the Independent Directors as per the Listing Agreement, Independent Directors account for 70% of the strength of the Board. The Non-executive Directors are eminent professionals, drawn from amongst persons with experience in business, industry, finance, law and public enterprises. Number Name Directorships in other companies ¹ Memberships of the Committee(s) of the Board² Chairmanships of the Committee(s) of the Board² 1 Chairman and Managing Director Mr S S Lalbhai 5 3 - 2 Managing Director Mr S A Lalbhai 3 1 1 3 Whole time Director Mr B N Mohanan 4 - - Independent Directors 4 Mr G S Patel - 1 1 5 Dr S S Baijal 4 1 3 6 Mr B S Mehta 14 5 5 7 Mr H S Shah 9 2 3 8 Mr S M Datta 13 4 2 9 Dr K Aparajithan 0 - - 10 Mr R A Shah 15 5 5 Promoter Directors, Mr S S Lalbhai and Mr S A Lalbhai, are related 1 excludes Alternate Directorships and Directorships in foreign companies and private limited companies ² in compliance with Clause 49, Memberships | Chairmanships of only the Audit Committees and Shareholders’ | Investors’ Grievance Committees of all Public Ltd companies including Atul were considered 2.4. Board Meetings The Board meeting dates were normally determined well in advance. During the year, the Board met seven times: Number Day Date Venue 1 Friday May 29, 2009 Mumbai 2 Friday July 24, 2009 Mumbai 3 Wednesday September 09, 2009 Mumbai 4 Saturday October 24, 2009 Mumbai 5 Monday November 30, 2009 Mumbai 6 Wednesday January 27, 2010 Mumbai 7 Saturday March 27, 2010 Atul 37