42 / 236
Atul Ltd | Annual Report 2016-17
No. Particulars
Reason for
change
Shareholding as at
April 01, 2016
Cumulative shareholding
during 2016-17
Number of
shares
% of total
shares of the
Company
Number of
shares
% of total
shares of the
Company
12. S A Panse
At the beginning of the year
50
–
50
–
Increase | Decrease during the year
At the end of the year
50
–
50
–
13. B R Arora
At the beginning of the year
100
–
100
–
Increase | Decrease during the year
At the end of the year
100
–
100
–
14. L P Patni
At the beginning of the year
–
–
–
–
Increase | Decrease during the year
At the end of the year
–
–
–
–
4.5 Indebtedness
Indebtedness of the Company including interest outstanding | accrued, but not due for payment
(
`
cr)
Particulars
Secured loans
excluding deposits
Unsecured
loans
Deposits
Total
indebtedness
Indebtedness at the beginning of the financial year
i)
Principal amount
132.97
168.69
–
301.67
ii)
Interest due, but not paid
–
–
–
–
iii)
Interest accrued, but not due
0.42
–
–
0.42
Total i) + ii) + iii)
133.39
168.69
–
302.09
Change in indebtedness during the financial year
Addition
–
–
–
–
Reduction
103.83
42.87
–
146.69
Net change
103.83
42.87
–
146.69
Indebtedness at the end of the financial year
i)
Principal amount
29.39
125.83
–
155.22
ii)
Interest due, but not paid
–
–
–
–
iii)
Interest accrued, but not due
0.18
–
–
0.18
Total i) + ii) + iii)
29.57
125.83
–
155.40
Note: As on March 31, 2017, 2 Deposits of
`
0.005 cr from each of the Directors, Mr B S Mehta and Mr R A Shah were lying with
the Company.
4.6 Remuneration of the Directors and the Key Managerial Personnel
4.6.1 Remuneration to the Managing Director, the Whole-time Directors and | or the Manager
(
`
)
No. Particulars
S S Lalbhai
1
S A Lalbhai
B N Mohanan T R Gopi Kannan
2
Total amount
01.
Gross salary
Salary as per provisions
under Section 17(1) of the
Income-tax Act, 1961
2,86,67,129
89,09,469
1,09,79,918
1,45,94,999
6,31,51,515
Value of perquisites
under Section 17(2) of the
Income-tax Act, 1961
77,744
5,91,619
7,99,691
39,600
15,08,654
Profits in lieu of salary
under Section 17(3) of the
Income-tax Act, 1961
–
–
–
–
–
02.
Stock option
–
–
–
–
–
03.
Sweat Equity
–
–
–
–
–
04.
Commission
4,19,80,070
3
1,30,64,250
4
–
–
5,50,44,320
05.
Others
–
–
–
–
–
06.
Total (A)
7,07,24,943
2,25,65,338
1,17,79,609
1,46,34,599
11,97,04,489
07.
Overall ceiling as per the Act
41,98,07,000
1
CMD (CEO)
2
WTD (CFO)
3
1% of profit (
`
4,19,80,070/-) or 60 months basic salary (
`
7,16,85,000/-) whichever is lower
4
0.50% of profit (
`
2,09,90,035/-) or 30 months basic salary (
`
1,30,64,250/-) whichever is lower.