Amal Ltd 2014-15

5 v) Performance vi) Market benchmark 14.2.3 Factors for determining and changing variable pay i) Company performance ii) Individual performance iii) Grade 15. Analysis of remuneration A table containing information in accordance with the provisions of Sections 134 (3)(q) and 197 (12) read with Rule 5 (1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is given at page number 18. The Company is not required to disclose the information required pursuant to Sections 134 (3)(q) and 197 (12) of the Act read with Rule 5 (2) and 5 (3) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 as amended from time to time as there were no employee during 2014- 15 drawing remuneration exceeding the limit specified there under. 16. Management Discussion and Analysis Management Discussion and Analysis Report covering performance, is given at page number 20. 17. Corporate Governance 17.1 Statement of declaration given by the Independent Directors The Independent Directors have given declarations under Section 149 (6) of the Companies Act, 2013. 17.2 Report The Corporate Governance Report along with the certificate from the Statutory Auditors regarding compliance of the conditions of Corporate Governance pursuant to Clause 49 of the Listing Agreements is given at page number 36. Details about the number of meetings of the Board held during 2014-15 are given at page number 23. The composition of the Audit Committee is given at page number 27. All the recommendations given by the Audit Committee were accepted by the Board. 18. Safety, health and environment The Company accords high priority to safety, health and environment. It has its own effluent treatment plant at Ankleshwar designed to fully comply with the norms stipulated by the Gujarat Pollution Control Board. The treated water is discharged into common effluent discharge pipeline of Narmada Clean Tech Ltd. 19. Acknowledgements The Board expresses its sincere thanks to all the customers, employees, investors, lenders, suppliers, regulatory and Government authorities and the Stock Exchanges for their support. For and on behalf of the Board of Directors Mumbai S S Lalbhai July 11, 2015 Chairman Table Evaluation of Evaluation by Criteria Non-independent Director (Executive) Independent Directors Transparency, Leadership (business and people), Governance and Communication Non-independent Director (Non-executive) Independent Directors Preparedness, Participation, Value addition, Governance and Communication Independent Director All other Board Members Preparedness, Participation, Value addition, Governance and Communication Chairman Independent Directors Meeting dynamics, Leadership (business and people), Governance and Communication Committees Board Members Composition, Process and Dynamics Board as a whole Independent Directors Composition, Process and Dynamics