Amal Ltd | Annual Report 2024-25 Amal Ltd 22 16.3. Criteria and method of annual evaluation 16.3.1.The criteria for evaluation of the performance of a) the Executive Directors, b) the Non- executive Directors (other than Independent Directors), c) the Independent Directors, d) the Chairman, e) the Committees of the Board and f) the Board as a whole are summarised in the table at the end of the Directors’ Report at page number 24. 16.3.2.The Independent Directors have carried out annual: a) review of the performance of the Executive Directors b) review of the performance of the Nonexecutive Directors (other than Independent Directors) c) review of the performance of the Chairman, assessment of quality, quantity and timeliness of the flow of information to the Board d) review of the performance of the Board as a whole 16.3.3. The Board has carried out an annual evaluation of the performance of: a) its committees, namely, Audit, Corporate Social Responsibility, Nomination and Remuneration and Stakeholders Relationship b) the Independent Directors The templates for the above purpose were circulated in advance for feedback from the Directors. 16.4. Familiarisation programs for the Independent Directors The Company has familiarisation programs for its Independent Directors. It comprises, amongst others, presentations by and discussions with the Senior Management on the nature of the industries in which it operates, its vision and strategy, its organisation structure and relevant regulatory changes. A visit is organised to one or more of its manufacturing sites. Details of the familiarisation programmes are also available at www.amal.co.in/about/directors/ 17. Key Managerial Personnel and other employees 17.1 Appointments and cessations of the Key Managerial Personnel There were no appointments | cessations of the Key Managerial Personnel during 2024-25. 17.2 Remuneration The Remuneration Policy related to the Key Managerial Personnel and other employees consists of the following: 17.2.1 Components: a) Fixed pay i) Basic salary ii) Allowances iii) Perquisites iv) Retirals b) Variable pay 17.2.2 Factors for determining and changing fixed pay: a) Existing compensation b) Education c) Experience d) Salary bands e) Performance f) Market benchmark 17.2.3 Factors for determining and changing variable pay: a) Company performance b) Business performance c) Individual performance d) Work level
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