45 Corporate Overview Performance Overview Financial Statements Governance Overview Statutory Reports 2.6. Remuneration (`) No. Name Remuneration during the year Sitting fees Salary and perquisites Commission Total Chairman 1. Sunil Lalbhai - - - - Managing Director 2. Rajeev Kumar* - 18,91,490 - 18,91,490 Non-executive Directors 3. Gopi Kannan Thirukonda - - - - 4. Mahalakshmi Subramanian 80,000 50,000 1,30,000 5. Jyotin Mehta 3,90,000 2,00,000 5,90,000 6. Dipali Sheth 3,80,000 2,00,000 5,80,000 7. Drushti Desai 3,90,000 2,00,000 5,90,000 8. Venkatraman Srinivasan 3,90,000 2,00,000 5,90,000 *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 Schedule V of the Companies Act, 2013. Accordingly, an amount of ` 18.91 lakh was paid to Atul Ltd for the year 2024-25. Sitting fees of up to ` 40,000 per meeting constitute fees paid to the Independent Directors for attending Board | Committees and other meetings. Commission of up to 1% of the net profit of the Company to the Non-executive Directors was approved by the members of the Company at the AGM held on September 08, 2022, for a period of five years, effective April 01, 2022. The Board approves, within the aforesaid limit as per the Remuneration Policy of the Company, the commission payable to the Non-executive Directors. 3. Committees of the Board The Board has constituted the following committees: a) Audit Committee b) Corporate Social Responsibility Committee c) Nomination and Remuneration Committee d) Stakeholders Relationship Committee 3.1 Audit Committee 3.1.1 Role a) Approving: i) appointment of the Chief Financial Officer ii) transactions with related parties and subsequent modifications thereof
RkJQdWJsaXNoZXIy MjA2MDI2