Atul Ltd 2018-19

4.6 Remuneration of the Directors and the Key Managerial Personnel 4.6.1 Remuneration to the Managing Directors and Whole-time Directors ( ` ) No. Particulars S S Lalbhai 1 S A Lalbhai B N Mohanan T R Gopi Kannan 2 Total amount 1. Gross salary Salary as per provisions under Section 17(1) of the TŠČūŞĚ ¹îǊ Čƥȡ ǧǯǬǧ 3 3,34,24,350 1,03,19,256 1,02,48,500 1,38,18,052 6,78,10,158 Value of perquisites under Section 17(2) of the Income ¹îǊ Čƥȡ ǧǯǬǧ 1,55,044 1,74,856 8,33,567 69,600 12,33,067 ¡ƑūǛƥƙ ĿŠ ŕĿĚƭ ūlj ƙîŕîƑǋ ƭŠēĚƑ Section 17(3) of the Income ¹îǊ Čƥȡ ǧǯǬǧ - - - - - 2. Stock option - - - - - 3. Sweat equity - - - - - 4. Commission 6,73,45,100 4 1,43,70,690 5 - - 8,17,15,790 5. Variable pay - - 19,07,000 24,58,000 43,65,000 6. Others - - - - - 7. Total (A) 10,09,24,494 2,48,64,802 1,29,89,067 1,63,45,652 15,51,24,015 8. Overall ceiling as per the Act 67,34,51,000 1 CMD (CEO) 2 WtD (CFO) 3 /ǊČŕƭēĿŠij ČūŞŞĿƙƙĿūŠ îŠē ǄîƑĿîċŕĚ Ǝîǋ 4 ǧɼ ūlj ƎƑūǛƥ ȳ ` 6,73,45,100) or 60 months basic salary ( ` 8,60,22,000), whichever is lower. 5 ǦȦǫǦɼ ūlj ƎƑūǛƥ ȳ ` 3,36,72,550) or 30 months basic salary ( ` 1,43,70,690), whichever is lower. 4.6.2 Remuneration to the other Directors ( ` ) No. Particulars R A Shah S S Baijal B S Mehta H S Shah S M Datta V S Rangan M M Chitale S A Panse B R Arora Total amount 1. sūŠȹĚǊĚČƭƥĿǄĚ Independent Directors a) Fee for attending the Board, Committee and other meetings - 4,90,000 3,85,000 75,000 2,80,000 3,50,000 3,50,000 2,10,000 3,70,000 25,10,000 b) Commission - 15,30,000 14,40,000 2,93,000 10,80,000 12,60,000 13,50,000 9,90,000 13,50,000 92,93,000 Total 1 - 20,20,000 18,25,000 3,68,000 13,60,000 16,10,000 17,00,000 12,00,000 17,20,000 1,18,03,000 2. sūŠȹĚǊĚČƭƥĿǄĚ Non-independent Directors a) Fee for attending the Board, Committee and other meetings 3,50,000 - - - - - - - - 3,50,000 b) Commission 8,78,000 - - - - - - - - 8,78,000 Total 2 12,28,000 - - - - - - - - 12,28,000 ¹ūƥîŕ ȳ ȴ ɨ ȳǧɤǨȴ 12,28,000 20,20,000 18,25,000 3,68,000 13,60,000 16,10,000 17,00,000 12,00,000 17,20,000 1,30,31,000 ¹ūƥîŕ ŞîŠîijĚƑĿîŕ ƑĚŞƭŠĚƑîƥĿūŠ ȳ ɤ ȴ 16,81,55,015 Overall ceiling as per the Act 74,07,96,100 Corporate Overview 01-22 Statutory Reports 23-105 Financial Statements 107-250 50 Atul Ltd | Annual Report 2018-19