38 Atul Ltd | Annual Report 2022-23 Corporate Overview Statutory Reports Financial Statements Atul Ltd | Annual Report 2022-23 Atul Ltd Atul House G I Patel Marg Ahmedabad 380 014, Gujarat India Atul Ltd | Annual Report 2022-23 Reconnect | Reimagine | Regrow 5. Statement of particulars under Sections 134(3)(q) and 197(12) of the Companies Act, 2013* Particulars Status i) R atio 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 Rajendra Shah 3.21 0.78 Bansi Mehta 4.94 0.96 Susim Datta 3.68 0.70 Srinivasa Rangan 2.93 0.61 Mukund Chitale 4.78 1.05 Shubhalakshmi Panse 3.35 0.61 Baldev Arora 6.22 1.49 Pradeep Banerjee** 2.93 0.44 Sunil Lalbhai 335.27 144.71 Samveg Lalbhai 77.76 33.86 Bharathy Mohanan 40.88 36.06 Gopi Kannan Thirukonda 54.12 47.17 ii) P ercentage increase in remuneration of the Directors, the Chief Executive Officer, the Chief Financial Officer and the Company Secretary, if any, in the financial year Directors % Rajendra Shah - Bansi Mehta (3.41%) Susim Datta - Srinivasa Rangan (32.66%) Mukund Chitale (8.79%) Shubhalakshmi Panse - Baldev Arora 4.17% Pradeep Banerjee** NA Chairman and Managing Director Sunil Lalbhai (1.13%) Managing Director Samveg Lalbhai 4.90% Whole-time Director Bharathy Mohanan (10.83%) Whole-time Director and Chief Financial Officer Gopi Kannan Thirukonda 0.66% Company Secretary Lalit Patni 2.66% iii) P ercentage increase in the median remuneration of employees in the financial year 2.83% iv) N umber of permanent employees on the rolls of the Company 3,188 v) A verage 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. Also provide 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) A ffirmation 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 on March 31, 2023. ** part of the year
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