Amal Ltd 2016-17

Amal Ltd | Annual Report 2016-17 6. Statement of particulars under Sections 134 (3)(q) and 197 (12) of the Companies Act, 2013 * Particulars Status i) Ratio of the remuneration of each Director to the median remuneration of the employees of the Company for the financial year Number of times if total remuneration of the Director is considered if total remuneration of the Director excluding variable pay and commission is considered S A Shah 0.45 0.52 A R Jadeja 0.66 0.62 S Mahalakshmi 0.55 0.52 P N Ogale * 1.09 1.10 R Kumar * 0.09 - * part of the year ii) Percentage increase in remuneration of each of the Director, the Chief Financial Officer, the Chief Executive Officer, the Company Secretary or the Manager, if any, in the financial year Directors % S A Shah (13%) A R Jadeja 6% S Mahalakshmi 7% Managing Director P N Ogale * Part of the year R Kumar * Part of the year Company Secretary A T Mankodi 50% iii) Percentage increase in themedian remuneration of employees in the financial year 10.26% iv) Number of permanent employees on the rolls of Company 14 v) Explanation on the relationship between average increase in remuneration and Company performance During 2016-17, sales increased by 11% from ` 25.83 cr to ` 28.67 cr, PBT increased from ` 1.36 cr to profit of ` 8.90 cr. Average Remuneration Increased by 10.26%. vi) Average percentile increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration and justification thereof and point out if there are any exceptional circumstances for increase in the managerial remuneration Average Remuneration Increased by 10.26%. There is no exceptional increase in remuneration of Key Managerial Personnel. * Read with the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 and forming part of the Directors’ Report for the year ended March 31, 2017