Amal Ltd 2016-17

Amal Ltd | Annual Report 2016-17 2.5 Attendance at the Board meetings and at the AGM No. Name Board Meetings AGM on September 23, 2016 Total Attended 1 S S Lalbhai 5 4 Present 2 P N Ogale 1 3 3 Present 3 R Kumar 2 1 1 NA 4 T R Gopi Kannan 5 5 Present 5 S A Shah 5 4 Present 6 A R Jadeja 5 5 Present 7 S Mahalakshmi 5 5 Present 1 Upto December 14, 2016 | 2 Effective March 24, 2016 2.6 Appointment | Cessation Appointed: (1) Mr R Kumar was appointed as the Managing Director effective March 24, 2017 Ceased: Nil Resigned: (1) Mr P N Ogale as the Managing Director effective December 14, 2016. 2.7 Remuneration No. Name Remuneration during the year Sitting fees Salary and perquisites Commission Total ` ` ` ` 1 S S Lalbhai - - - - 2 P N Ogalel 1 - 3,13,759 - 3,13,759* 3 R Kumar 2 - 24,859 - 24,859* 4 T R Gopi Kannan - - - - 5 S A Shah 1,30,000 - - 1,30,000 6 A R Jadeja 1,90,000 - - 1,90,000 7 S Mahalakshmi 1,60,000 - - 1,60,000 1 Upto December 14, 2016 | 2 Effective March 24, 2017 Sitting fees constitute 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 ` 3,38,618 was paid to Atul Ltd for the year 2016-17.