Amal Ltd | Annual Report 2023-24 6. Statement of particulars under Sections 134(3)(q) and 197(12) of the Companies Act, 2013* No. Particulars Status Number of times If total remuneration of the Director is considered If total remuneration of the Director, excluding variable pay and commission is considered i) Ratio of the remuneration of each Director to the median remuneration of the employees of the Company for the financial year Sujal Shah 0.13 0.13 Abhay Jadeja 0.15 0.15 Mahalakshmi Subramanian 0.13 0.13 Jyotin Mehta 0.07 0.07 Rajeev Kumar 0.95 0.95 ii) Percentage increase | (decrease) in remuneration of the Directors, the Chief Executive Officer, the Chief Financial Officer and the Company Secretary, if any, in the financial year Directors Sujal Shah (7%) Abhay Jadeja (3%) Mahalakshmi Subramanian (7%) Jyotin Mehta - Managing Director Rajeev Kumar - Company Secretary Ankit Mankodi - iii) Percentage increase in the median remuneration of employees in the financial year 5.85% iv) Number of permanent employees on the rolls of Company 31 v) 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. Also, provide explanation if there are any exceptional circumstances for an increase in the managerial remuneration Average increase for Key Managerial Personnel and for other employees was about 5.85%. There is no exceptional increase in remuneration of Key Managerial Personnel. vi) Affirmation that the remuneration is as per the Remuneration Policy of the Company It is affirmed that the remuneration is as per the Remuneration Policy of the Company. *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, 2024.
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