Amal Ltd 2014-15

43 Membership in committees of other companies Chairman of committees: Nil Member of committees: Nil Number of shares held in the Company Nil The Board, subject to approval of the Members, appointed Mr P N Ogale as the Managing Director effective July 12, 2015 for a period of five years. The terms of appointment of Mr P N Ogale are in accordance with applicable provisions of the Companies Act, 2013. The Board considers that his association will benefit the Company. Accordingly, the Board recommends the Resolution in relation to appointment of Mr P N Ogale as the Managing Director for the approval by the Members. The remuneration payable to the Managing Director, Mr P N Ogale will be reimbursable to Atul Ltd, being an employee of Atul Ltd. The amount payable will be 10% of the remuneration paid by Atul Ltd subject to a minimum of ` 4,35,000 per annum. Except Mr P N Ogale, being an appointee, none of the Directors and the Key Managerial Personnel of the Company and their relatives are concerned or interested, financially or otherwise, in the Resolution set out at Item number 06. Item number 07 In pursuance of Section 148 of the Companies Act, 2013 and Rule 14 of the Companies (Audit and Auditors) Rules, 2014, the appointment of the Cost Auditors and their remuneration as recommended by the Audit Committee requires approval by the Board of Directors (Board). The remuneration also requires ratification by the Members. On the recommendation of the Audit Committee, the Board considered and approved appointment of the Cost Auditor, R Nanabhoy & Co, Cost Accountants, for conducting Cost Audit of the applicable products in the category of Speciality Chemical at a remuneration of ` 14,000 plus service tax as applicable and reimbursement of actual travel and out of pocket expenses for the financial year ending March 31, 2016. The Resolution is set out as an Ordinary Resolution for ratification by the Members. The Board seeks ratification of the above Ordinary Resolution by the Members. None of the Directors or the Key Managerial Personnel of the Company and their relatives are concerned or interested, financially or otherwise, in the said Resolution. By Order of the Board of Directors Registered office Atul House 310-B, Veer Savarkar Marg T T P Shaheel Mumbai 400028, Maharashtra Managing Director India July 11, 2015 CIN: Company Identification Number CPN: Certificate of Practice Number DIN: Director Identification Number FRN: Firm Registration Number