Page 98 - Tata_Chemicals_yearly-reports-2021-22

Integrated Annual Report 2021-22

Annexure 5 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 2021-22 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* N.A. N.A.
Ms. Vibha Paul Rishi 9.23:1 16.94
Mr. S. Padmanabhan** N.A. N.A.
Ms. Padmini Khare Kaicker 9.11:1 17.93
Dr. C. V. Natraj 8.93:1 18.87
Mr. K. B. S. Anand 7.51:1 31.34
Mr. Rajiv Dube 6.96:1 96.77
Executive Directors
Mr. R. Mukundan, Managing Director & CEO 115.11:1 9.55
Mr. Zarir Langrana 56.66:1 10.52
Key Managerial Personnel
Mr. Nandakumar S. Tirumalai, Chief Financial Officer (appointed w.e.f. April 1, 2021) - N.A.
Mr. Rajiv Chandan, General Counsel & Company Secretary - 6.21
Note: Remuneration includes commission which relates to FY 2021-22 and which will be paid during FY 2022-23
*As a policy, Mr. N. Chandrasekaran, Chairman of the Board, has abstained from receiving commission from the Company
**In line with the internal guidelines of the Company, 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

B. Percentage increase in the median remuneration of employees in FY 2021-22: (6.43)%
C. Number of permanent employees on the rolls of the Company as on March 31, 2022: 1,679
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) 8.60
Average increase in remuneration of managerial personnel 9.87

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, April 29, 2022

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