Page 86 - Tata_Chemicals_yearly-reports-2020-2021

Integrated Annual Report 2020-21

Annexure 6 to Board’s Report
Disclosure of Managerial Remuneration

[Pursuant to Section 197 of the Companies Act, 2013 and Rule 5(1) of the Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014]

A. Ratio of remuneration of each Director to the median remuneration of the employees of the
Company for FY 2020-21 as well as the percentage increase in remuneration of each Director,
Chief Financial Officer (CFO) and Company Secretary are as under:
% increase in
Ratio to median
Name of Director/Key Managerial Personnel remuneration over
remuneration
previous year
Non-Executive Directors
Mr. N. Chandrasekaran* (appointed w.e.f. November 24, 2020) N.A. N.A.
Ms. Vibha Paul Rishi 7.39:1 (4.54)
Mr. S. Padmanabhan** N.A. N.A.
Ms. Padmini Khare Kaicker 7.23:1 (6.88)
Dr. C. V. Natraj 7.03:1 ^
Mr. K. B. S. Anand 5.36:1 ^
Mr. Rajiv Dube (appointed w.e.f. September 18, 2020) - ^
#
Mr. Bhaskar Bhat (resigned w.e.f. November 24, 2020) 4.99:1 ^
Executive Directors
Mr. R. Mukundan, Managing Director & CEO 98.37:1 (3.75)
Mr. Zarir Langrana 48:1 (2.52)
Key Managerial Personnel
Mr. John Mulhall, Chief Financial Officer(ceased w.e.f. March 31, 2021) - 14.62

Mr. Rajiv Chandan, General Counsel & Company Secretary - 6.42
Note: Remuneration includes commission which relates to FY 2020-21 and which will be paid during FY 2021-22
*As a policy, Mr. N. Chandrasekaran, Chairman of the Board has abstained from receiving commission from the Company
** In line with the internal guidelines, no payment is made towards commission to Mr. S. Padmanabhan, Non-Executive Director of the Company, who is in
full-time employment with other Tata company
^ Increase in remuneration is not reported as the concerned directors were only for a part of the year under review or previous year
# Mr. Rajiv Dube was appointed during the year and hence the ratio to median remuneration is not reported
B. Percentage increase in the median remuneration of employees in FY 2020-21: 6.54%
C. Number of permanent employees on the rolls of the Company as on March 31, 2021: 1,699
D. Comparison of average percentile increase in salary of employees other than the managerial
personnel and the percentile increase in the managerial remuneration:

Particulars % change in remuneration
Average increase in salary of employees (other than managerial personnel) 6.34
Average increase in remuneration of managerial personnel (3.35)
E. Affirmation:
It is affirmed that the remuneration paid to the Directors, Key Managerial Personnel and other employees is as per the Remuneration
Policy of the Company.
On behalf of the Board of Directors

N. Chandrasekaran
Chairman
DIN: 00121863
Mumbai, May 3, 2021

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