Amal Ltd 2020-21

25 2.4 Board meetings The Board meeting dates were normally determined well in advance. During 2020-21, the Board met four times. No. Day Date Venue* 1. Thursday April 23, 2020 Mumbai 2. Friday July 17, 2020 Mumbai 3. Friday October 16, 2020 Mumbai 4. Friday January 22, 2021 Mumbai *All meetings were held through video conference. 2.5 Attendance at the Board meetings and the AGM No. Name Board meetings AGM Total Attended August 14, 2020 1. Sunil Lalbhai 4 4 Present 2. Rajeev Kumar 4 4 Present 3. Gopi Kannan Thirukonda 4 4 Present 4. Sujal Shah 4 4 Present 5. Abhay Jadeja 4 4 Present 6. Mahalakshmi Subramanian 4 4 Present 2.6 Appointment | Cessation » Appointed: nil » Ceased: nil » Resigned: nil 2.7 Remuneration ( ` ) No. Name Remuneration during the year Sitting fees Salary and perquisites Commission Total 1. Chairman - - - - Sunil Lalbhai 2. Managing Director - 11,44,500 - 11,44,500 Rajeev Kumar* 3. Non-executive Directors - - - - Gopi Kannan Thirukonda 4. Sujal Shah 1,70,000 - - 1,70,000 5. Abhay Jadeja 1,80,000 - - 1,80,000 6. Mahalakshmi Subramanian 1,70,000 - - 1,70,000 Sitting fees of ` 20,000 per meeting constitute fees paid to the Non-executive Directors for attending Board meetings and Audit Committee and ` 10,000 per meeting for attending the other Committee meetings. *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 ` 11.45 lakhs was paid to Atul Ltd for the year 2020-21.