Page 80 - Arvind 2024

Annexure - D to the Directors’ Report
Information required under Section 197(12) of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014.
Sr. 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) The ratio of the remuneration of each director to median remuneration of the employees of the Company for financial year 2023-24.
(ii) The percentage increase in remuneration of each Director, Chief Financial Officer, Chief Executive Officer, Company Secretary or Manager, if any, in the financial year 2023-24.
(iii)
(iv) The number of permanent employees on the rolls of Company.
(v)
(vi) Affirmation that the remuneration is as per the remuneration policy of the Company.
Mr. Sanjay S. Lalbhai
Mr. Kamal Singal
Mr. Kulin S. Lalbhai
Mr. Pratul Shroff
Mr. Prem Prakash Pangotra
Mr. Nirav Shah
Ms. Pallavi Vyas
Directors
Mr. Sanjay S. Lalbhai
Mr. Kulin S. Lalbhai
Mr. Pratul Shroff
Mr. Prem Prakash Pangotra
Mr. Nirav Shah
Ms. Pallavi Vyas
Managing Director & CEO
Mr. Kamal Singal
Chief Financial Officer
Mr. Ankit Jain
Company Secretary
Mr. Prakash Makwana 10%
415
1.60 0.66
103.92 86.24
5.54 0.35
1.56 0.38
2.07 0.90
1.82 0.64
1.56 0.61
%
NA
NA
10%
35%
22%
38%
5%
39%
11%
The percentage increase in the median remuneration of employees in the F.Y. 2023-24.
Average percentile increase already made in the salaries of employees other than the managerial personnel in the last financial year (i.e. F.Y. 2022-23) and its comparison with the percentile increase in the managerial remuneration and justification thereof and point out if there are any exceptional circumstances for increase in the managerial remuneration.
Average increase for Key Managerial Personnel 13.10% and for other employees was about 9.70%.
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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