Atul Ltd 2018-19

The material terms of the draft Agreement are as under: I. Responsibilities: qƑ qūĺîŠîŠ DžĿŕŕ ĺîDŽĚ ƑĚƙƎūŠƙĿċĿŕĿƥĿĚƙ ūlj ūDŽĚƑîŕŕ ƙƭƎĚƑDŽĿƙĿūŠ ūlj ÀƥĿŕĿƥĿĚƙ îŠē ¬ĚƑDŽĿČĚƙ GƭŠČƥĿūŠȦ OĚ DžĿŕŕ îŕƙū ēĿƙČĺîƑijĚ ƥĺĚ ƑĚƙƎūŠƙĿċĿŕĿƥĿĚƙ ūlj ƥĺĚ ~ČČƭƎĿĚƑȦ TŠ îēēĿƥĿūŠȡ ĺĚ DžĿŕŕ îŕƙū ċĚ ƑĚƙƎūŠƙĿċŕĚ ljūƑ îŠNj ūƥĺĚƑ ēƭƥĿĚƙ îƙ ŞîNj ċĚ îƙƙĿijŠĚē ƥū ĺĿŞ ċNj the Chairman and Managing Director and the Board. II. Tenure: ¹ĺĚ ƎĚƑĿūē ūlj ūljǛČĚ ūlj qƑ qūĺîŠîŠ DžĿŕŕ ċĚ ljūƑ ƥĺƑĚĚ NjĚîƑƙ ĚljljĚČƥĿDŽĚ cîŠƭîƑNj Ǧǧȡ ǨǦǨǦȦ III. Remuneration: 'ƭƑĿŠij ƥĺĚ ƥĚŠƭƑĚ ūlj qƑ qūĺîŠîŠȡ ĺĚ DžĿŕŕ ċĚ ƎîĿē ƑĚŞƭŠĚƑîƥĿūŠ îƙ ċĚŕūDžȠ 1) Basic salary of ` 3,38,418 (Rupees three lakhs thirty eight thousand four hundred and eighteen only) per month. The Basic Salary may be increased from time to time by the Nomination and Remuneration Committee at its absolute ēĿƙČƑĚƥĿūŠ DžĿƥĺĿŠ ƥĺĚ ČūŠƥƑîČƥƭîŕ ƎĚƑĿūē ūlj ƥĺƑĚĚ NjĚîƑƙȫ ĺūDžĚDŽĚƑȡ ƥĺĚ ŞîNJĿŞƭŞ ċîƙĿČ ƙîŕîƑNj ƎîNjîċŕĚ DžĿŕŕ Šūƥ ĚNJČĚĚē ` ǫȡǯǨȡǦǦǦ ȳ¤ƭƎĚĚƙ ǛDŽĚ ŕîŒĺƙ ŠĿŠĚƥNj ƥDžū ƥĺūƭƙîŠē ūŠŕNjȴ ƎĚƑ ŞūŠƥĺȦ Ǩȴ ŕŕūDžîŠČĚƙ ʈ ĚŠĚǛƥƙ ūlj ` ǩȡǪǨȡǩǫǫ ȳ¤ƭƎĚĚƙ ƥĺƑĚĚ ŕîŒĺƙ ljūƑƥNj ƥDžū ƥĺūƭƙîŠē ƥĺƑĚĚ ĺƭŠēƑĚē îŠē ǛljƥNj ǛDŽĚ ūŠŕNjȴ ƎĚƑ ŞūŠƥĺ DžĺĿČĺ ŞîNj ċĚ ƑĚDŽĿƙĚē ljƑūŞ ƥĿŞĚ ƥū ƥĿŞĚ ƭƎ ƥū ` 5,99,000 ( ¤ƭƎĚĚƙ ǛDŽĚ ŕîŒĺƙ ŠĿŠĚƥNj ŠĿŠĚ ƥĺūƭƙîŠē ūŠŕNj ) per month. 3) Variable pay as per policy of the Company. 4) Perquisites îȴ OūƭƙĿŠijȠ ƥĺĚ ūŞƎîŠNj DžĿŕŕ ƎƑūDŽĿēĚ ljƭƑŠĿƙĺĚē ƑĚƙĿēĚŠƥĿîŕ îČČūŞŞūēîƥĿūŠ DžĿƥĺ DžîƥĚƑ îŠē ĚŕĚČƥƑĿČĿƥNj ūƑ ƎîNj OūƭƙĚ ¤ĚŠƥ ŕŕūDžîŠČĚȡ îƙ ƎĚƑ Ŀƥƙ ƎūŕĿČNjȦ ċȴ GƭƑŠĿƙĺĿŠijȠ ƥĺĚ ūŞƎîŠNj DžĿŕŕ ƎƑūDŽĿēĚ ljƭƑŠĿƥƭƑĚ îŠē ǛNJƥƭƑĚƙ îƙ ƎĚƑ Ŀƥƙ ƎūŕĿČNjȦ Čȴ qĚēĿČîŕ ƑĚĿŞċƭƑƙĚŞĚŠƥȠ ƥĺĚ ūŞƎîŠNj DžĿŕŕ ƑĚĿŞċƭƑƙĚ ŞĚēĿČîŕ ĚNJƎĚŠƙĚƙ ĿŠČƭƑƑĚē îƙ ƎĚƑ Ŀƥƙ ƎūŕĿČNjȦ ēȴ gĚîDŽĚ ƥƑîDŽĚŕ îƙƙĿƙƥîŠČĚȠ ƥĺĚ ūŞƎîŠNj DžĿŕŕ ƎƑūDŽĿēĚ ŕĚîDŽĚ ƥƑîDŽĚŕ îƙƙĿƙƥîŠČĚ ljūƑ ƙĚŕlj îŠē ljîŞĿŕNj ūŠČĚ ĿŠ î NjĚîƑ îƙ per its policy. Ěȴ ¡ĚƑƙūŠîŕ îČČĿēĚŠƥ ĿŠƙƭƑîŠČĚ ʈ qĚēĿČîŕ ĿŠƙƭƑîŠČĚȠ ƥĺĚ ūŞƎîŠNj DžĿŕŕ ƎƑūDŽĿēĚ ƎĚƑƙūŠîŕ îČČĿēĚŠƥ ĿŠƙƭƑîŠČĚ îŠē medical insurance as per its policy. ljȴ îƑȠ ƥĺĚ ūŞƎîŠNj DžĿŕŕ ƎƑūDŽĿēĚ î ČîƑ îƥ Ŀƥƙ ĚŠƥĿƑĚ Čūƙƥ îƙ ƎĚƑ Ŀƥƙ ƎūŕĿČNjȦ ijȴ îƑ ēƑĿDŽĚƑ DžîijĚƙ ʈ ljƭĚŕ ʈ ŞîĿŠƥĚŠîŠČĚȠ ƥĺĚ ūŞƎîŠNj DžĿŕŕ ƑĚĿŞċƭƑƙĚ ČîƑ ēƑĿDŽĚƑ DžîijĚƙȡ ljƭĚŕ îŠē ŞîĿŠƥĚŠîŠČĚ expenses as per its policy. ĺȴ ūŞŞƭŠĿČîƥĿūŠ ēĚDŽĿČĚƙȠ ƥĺĚ ūŞƎîŠNj DžĿŕŕ ƎƑūDŽĿēĚ î ŕîŠēŕĿŠĚ ƥĚŕĚƎĺūŠĚ îƥ ƑĚƙĿēĚŠČĚ îŠē ūƥĺĚƑ ČūŞŞƭŠĿČîƥĿūŠ devices at its entire cost as per its policy. 5) Retirals îȴ ¹ĺĚ ūŞƎîŠNj DžĿŕŕ ČūŠƥƑĿċƭƥĚ ƥūDžîƑēƙ ƎƑūDŽĿēĚŠƥ ljƭŠē îŠē ƙƭƎĚƑƭîƥĿūŠ ljƭŠē ƎƑūDŽĿēĚē îƙ ƎĚƑ Ŀƥƙ ƎūŕĿČNjȦ ċȴ ¹ĺĚ ūŞƎîŠNj DžĿŕŕ ƎîNj ijƑîƥƭĿƥNj îƙ ƎĚƑ Ŀƥƙ ƎūŕĿČNjȦ ¹ĺĚ ƎĚƑĿūē DžūƑŒĚē ƭŠēĚƑ ƥĺĿƙ ČūŠƥƑîČƥ DžĿŕŕ ċĚ ĿŠ ČūŠƥĿŠƭƭŞ ūlj the service already considered under the policy. Čȴ ¹ĺĚ ūŞƎîŠNj DžĿŕŕ ijƑîŠƥ ŕĚîDŽĚƙ îŠē îŕŕūDž ĚŠČîƙĺŞĚŠƥ ūlj ŕĚîDŽĚƙ Šūƥ îDŽîĿŕĚēȡ îƙ ƎĚƑ Ŀƥƙ ƎūŕĿČNjȦ IV. qƑ qūĺîŠîŠ DžĿŕŕ Šūƥ ċĚ ĚŠƥĿƥŕĚē ƥū ƙĿƥƥĿŠij ljĚĚƙ ljūƑ îƥƥĚŠēĿŠij ŞĚĚƥĿŠijƙ ūlj ƥĺĚ ūîƑē îŠē ʈ ūƑ ūŞŞĿƥƥĚĚƙ ƥĺĚƑĚūljȦ OĚ DžĿŕŕȡ ĺūDžĚDŽĚƑȡ ċĚ ƑĚĿŞċƭƑƙĚē ƥĺĚ îČƥƭîŕ ƥƑîDŽĚŕŕĿŠijȡ ŕūēijĿŠijȡ ċūîƑēĿŠij îŠē ūƭƥ ūlj ƎūČŒĚƥ ĚNJƎĚŠƙĚƙ ĿŠČƭƑƑĚē ċNj ĺĿŞ ljūƑ îƥƥĚŠēĿŠij meetings of the Board or Committees thereof. V. The above remuneration and any alteration thereof from time to time is subject to the overall limit of 5% of the annual ŠĚƥ ƎƑūǛƥ ūlj ƥĺĚ ūŞƎîŠNj îŠē ƙƭċŏĚČƥ ljƭƑƥĺĚƑ ƥū ƥĺĚ ūDŽĚƑîŕŕ ŕĿŞĿƥ ūlj ǧǦɼ ūlj ƥĺĚ îŠŠƭîŕ ŠĚƥ ƎƑūǛƥ ūlj ƥĺĚ ūŞƎîŠNj îƙ ČūŞƎƭƥĚē ƭŠēĚƑ ¬ĚČƥĿūŠ ǧǯǮ îŠē îŠNj ūƥĺĚƑ îƎƎŕĿČîċŕĚ ƎƑūDŽĿƙĿūŠƙ ūlj ƥĺĚ ūŞƎîŠĿĚƙ Čƥȡ ǨǦǧǩȦ ¡ƑūDŽĿēĚēȡ ĺūDžĚDŽĚƑȡ ƥĺîƥ ĿŠ ƥĺĚ ĚDŽĚŠƥ ūlj îċƙĚŠČĚ ūƑ ĿŠîēĚƐƭîČNj ūlj ƎƑūǛƥȡ qƑ qūĺîŠîŠ DžĿŕŕ ċĚ ƎîĿē ŞĿŠĿŞƭŞ ƑĚŞƭŠĚƑîƥĿūŠ ƙƭċŏĚČƥ ƥū ¬ČĺĚēƭŕĚ × ūlj the Companies Act, 2013. VI. ƑîƥĚîċŕĚ ƎƑūƎūƑƥĿūŠ ūlj ƥĺĚ îljūƑĚƙîĿē ƑĚŞƭŠĚƑîƥĿūŠ DžĿŕŕ ċĚ ƎîNjîċŕĚ ċNj ƥĺĚ ūŞƎîŠNjȡ ĿŠ ƥĺĚ ĚDŽĚŠƥ ūlj ČĚƙƙîƥĿūŠ ūlj ūljǛČĚ ēƭƑĿŠij îŠNj ǛŠîŠČĿîŕ NjĚîƑȦ 99 Notice