Page 120 - Tata_Chemicals_yearly-reports-2020-2021

Integrated Annual Report 2020-21

Service Contract, Severance Fees and Notice Period
Mr. R. Mukundan, Mr. Zarir Langrana,
Terms of Agreement
Managing Director & CEO Executive Director
Period of Contract 5 years up to November 25, 2023 5 years up to March 31, 2023
Severance fees/notice period The Agreement may be terminated earlier, without any cause, by either Party by giving to the other
Party six months’ notice of such termination or the Company paying six months’ remuneration
which shall be limited to provision of Salary, Benefits, Perquisites, Allowances and any pro-rated
lncentive Remuneration (paid at the discretion of the Board, in lieu of such notice).
There is no separate provision for payment of severance fees.

Succession Plan Meetings Held

The Company believes that sound succession plans for the During FY 2020-21, two (2) Meetings of the SRC were held on
senior leadership are very important for creating a robust the following dates:
future for the Company. The Nomination and Remuneration • November 12, 2020 • February 11, 2021
Committee works along with the Human Resource team of
the Company for a structured leadership succession plan. The necessary quorum was present for all the Meetings of
the Committee.
Retirement Policy for Directors
Composition and Attendance
As per the Company’s policy, the Managing and Executive
Directors retire at the age of 65 years, Non-Independent No. of No. of
Non-Executive Directors retire at the age of 70 years and the Name of the Category Meetings Meetings
retirement age for Independent Directors is 75 years. Member held during attended
tenure
5. Stakeholders Relationship Committee Ms. Vibha Paul Rishi ID 2 2
The Stakeholders Relationship Committee (‘SRC’) looks into (Chairperson)
various aspects of interest of shareholders. The Committee Mr. S. Padmanabhan NED 2 2
ensures cordial investor relations and oversees the Mr. R. Mukundan MD & 2 2
mechanism for redressal of investors’ grievances. CEO

Terms of Reference Mr. Zarir Langrana ED 2 2
The terms of reference of the SRC, inter alia, are as under: ID - Independent Director; NED - Non-Executive Director; MD & CEO -
Managing Director & Chief Executive Officer; ED - Executive Director
• Resolving the grievances of the security holders;
• Reviewing details of transfer of unclaimed dividend/ Status of Investor Complaints
securities to the Investor Education and Protection Fund; The status of investor complaints as on March 31, 2021
• Reviewing the transfer, transmission, dematerialisation as reported under Regulation 13(3) of the SEBI Listing
of securities; Regulations is as under:
• Reviewing measures taken for effective exercise of Complaints as on April 1, 2020 2
voting rights by shareholders; Received during the year 17
• Reviewing adherence to the service standards in Resolved during the year 18
respect of various services being rendered by the Pending as on March 31, 2021 1*
Registrar & Share Transfer Agent;
*Complaint has been closed by SEBI on April 16, 2021
• Reviewing various measures and initiatives taken for
reducing the quantum of unclaimed dividends; and The complaints have been resolved to the satisfaction of
• Ensuring timely receipt of dividend warrants/annual the shareholders. The correspondence identified as investor
reports/statutory notices by the shareholders of the complaints are letters received through statutory/regulatory
Company. bodies.

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