Amal Ltd 2014-15

Amal Ltd | Annual Report 2014-15 2.5 Attendance at the Board meetings and at the AGM No. Name Board Meetings AGM on August 01, 2014 Total Attended 1 S S Lalbhai 5 5 Present 2 V Koppaka 3 3 Present 3 T T P Shaheel 2 2 NA 4 N C Singhal 1 5 4 Absent 5 T R Gopi Kannan 5 5 Present 6 S A Shah 5 5 Present 7 A R Jadeja 5 4 Present 8 S Mahalakshmi 2 3 3 NA 1 Resigned on February 01, 2015 | 2 effective August 05, 2014 2.6 Appointment | cessation » Appointed: (1) Ms S Mahalakshmi was appointed as an Independent Director effective August 05, 2014. (2) Mr T T P Shaheel was appointed as the Managing Director effective October 18, 2014. » Resigned: (1) Mr V Koppaka resigned as the Managing Director effective October 18, 2014. (2) Mr N C Singhal resigned as an Independent Director effective February 01, 2015. » Ceased: Nil 2.7 Remuneration No. Name Remuneration during the year Sitting fees ` Salary and perquisites ` Commission ` Total ` 1 S S Lalbhai - - - - 2 V Koppaka - 4,80,739 - 4,80,739* 3 T T P Shaheel - 4,03,798 - 4,03,798* 4 N C Singhal 1 1,70,000 - - 1,70,000 5 T R Gopi Kannan - - - - 6 S A Shah 1,60,000 - - 1,60,000 7 A R Jadeja 1,10,000 - - 1,10,000 8 S Mahalakshmi 2 90,000 - - 90,000 1 Resigned on February 01, 2015 | 2 effective August 05, 2014 Sitting fees constitute fees of ` 10,000 per meeting constitute fees paid to the Non-executive Independent Directors for attending the Board and Committee meetings. Effective July 1, 2015 sitting fees for attending Board meetings revised to ` 20,000 per meeting. * Represents lower of 10% of the remuneration paid by Atul Ltd to the Managing Director (being an employee of Atul Ltd) or an amount allowable under Section I or Section II of Part II of the Schedule V of the Companies Act, 2013. Accordingly, an amount of ` 8,84,537 was paid to Atul Ltd for the year 2014-15.