Atul Ltd 2019-20

49 Directors’ Report 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 Company for the financial year 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 3.49 0.75 B S Mehta 5.57 1.08 S M Datta 4.03 0.65 V S Rangan 3.27 0.65 M M Chitale 5.29 1.08 S A Panse 3.64 0.54 B R Arora 6.10 1.03 S S Lalbhai 344.08 120.24 S A Lalbhai 76.79 35.87 B N Mohanan 43.84 39.50 T R Gopi Kannan 60.33 47.67 ii) Percentage increase in remuneration of each of the Directors, the Chief Executive Officer, the Chief Financial Officer, the Company Secretary, if any, in the financial year. Directors % R A Shah (0.65) B S Mehta 6.85 S M Datta 3.68 V S Rangan (28.94) M M Chitale 8.82 S A Panse 6.25 B R Arora 24.13 Chairman and Managing Director S S Lalbhai 19.32 Managing Director S A Lalbhai 8.08 Whole-time Director B N Mohanan 18.14 Whole-time Director and Chief Financial Officer T R Gopi Kannan 29.17 Company Secretary L P Patni 29.62 iii) Percentageincreaseinthemedianremuneration of employees in the financial year (2.78)% iv) Number of permanent employees on the rolls of Company 2,907 v) Average percentile increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration and justification thereof and explanation if there are any exceptional circumstances for increase in the managerial remuneration Average increase for Key Managerial Personnel and for other employees was about 8%. There is no exceptional increase in remuneration of Key Managerial Personnel. vi) Affirmation that the remuneration is as per the Remuneration Policy of the Company It is affirmed that the remuneration is as per the Remuneration 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, 2020.