Amal Ltd 2015-16

Amal Ltd | Annual Report 2015-16 2.5 Attendance at the Board meetings and at the AGM No. Name Board Meetings AGM on September 25, 2015 Total Attended 1 S S Lalbhai 4 3 Present 2 T T P Shaheel 1 2 2 NA 3 P N Ogale 2 2 2 Present 4 T R Gopi Kannan 4 4 Present 5 S A Shah 4 4 Present 6 A R Jadeja 4 4 Present 7 S Mahalakshmi 4 4 Present 1 Upto July 11, 2015 | 2 Effective July 12, 2015 2.6 Appointment | Cessation Appointed: (1) Mr P N Ogale was appointed as the Managing Director effective July 12, 2015 Ceased: Nil Resigned: (1) Mr T T P Shaheel as the Managing Director effective July 11, 2015. 2.7 Remuneration No. Name Remuneration during the year Sitting fees Salary and perquisites Commission Total ` ` ` ` 1 S S Lalbhai - - - - 3 T T P Shaheel 1 - 2,77,989 - 2,77,989* 4 P N Ogale 2 - 3,16,223 - 3,16,223* 5 T R Gopi Kannan - - - - 6 S A Shah 1,50,000 - - 1,50,000 7 A R Jadeja 1,80,000 - - 1,80,000 8 S Mahalakshmi 1,50,000 - - 1,50,000 1 Upto July 11, 2015 | 2 Effective July 12, 2015 Sitting fees constitute fees of ` 20,000 per meeting for attending Board meeting and ` 10,000 per meeting for attending the Committee meeting paid to the Non-executive Independent Directors. * 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 ` 5,94,212 was paid to Atul Ltd for the year 2015-16.