Page 140 - Tata Chemical Annual Report_2022-2023

Integrated Annual Report 2022-23 01-83 84-192 193-365
Integrated Report Statutory Reports Financial Statements
Board's Report

(iii) In case of imported technology (imported during the last three years reckoned from the beginning of Annexure 3 to Board’s Report
the financial year) Disclosure of Managerial Remuneration
(a) The details of SSMB for Spray dryer for TKIS* electrolyser Steam jet Mercury porosity Soda Ash Basic
#
technology imported purification converting liquid into for caustic soda, refrigeration analyzer for HDS Engineering from Pursuant to Section 197 of the Companies Act, 2013 and Rule 5(1) of the Companies (Appointment and Remuneration of Managerial
of FOS powder (Mambattu) circulator for unit from silica – Antonpaar Niochim, Personnel) Rules, 2014
(Mambattu) MUW evaporator, GEA (Cuddalore) Concetti Packing A. Ratio of remuneration of each Director to the median remuneration of the employees of the
Concetti packing (Mithapur) Machine &
machine (Mithapur) Palletizer for Bicarb Company for FY 2022-23 as well as the percentage increase in remuneration of each Director,
(Mithapur) Chief Financial Officer (CFO) and Company Secretary are as under:
(b) The year of import 2019-20 2019-20 2020-21 2021-22 2022-23 2022-23 Ratio to median % increase in
(c) Whether the Yes No Yes Yes Yes No Name of Director/Key Managerial Personnel remuneration remuneration over
technology has been previous year
fully absorbed
Non-Executive Directors
(d) If not fully absorbed, N.A. Achieved 96% of design N.A. N.A. N.A. Machinery is Mr. N. Chandrasekaran* N.A. N.A.
areas where capacity. Stabilisation imported. It is yet Ms. Vibha Paul Rishi 11.85:1 16.61
absorption has not for consistent to be installed and
taken place and the throughput of Spray commissioned. Mr. S. Padmanabhan** N.A. N.A.
reasons thereof dryer with OEM support Ms. Padmini Khare Kaicker 11.67:1 16.28
is under progress. Dr. C. V. Natraj 11.56:1 17.52
Mr. K. B. S. Anand 9.96:1 20.39
#SSMB - Sequential Simulated Moving Bed Mr. Rajiv Dube 9.44:1 23.19
*TKIS - ThyssenKrupp Industrial Solutions
Executive Directors
Mr. R. Mukundan, Managing Director & CEO 147.25:1 16.15
(iv) The expenditure incurred on Research & Development (Standalone) Mr. Zarir Langrana 77.09:1 23.54
` in crore Key Managerial Personnel
Year ended Year ended Mr. Nandakumar S. Tirumalai, Chief Financial Officer - 23.14
#
Particulars
March 31, 2023 March 31, 2022 Mr. Rajiv Chandan, Chief General Counsel & Company Secretary - 13.53
Capital expenditure 2 8 Note:Remuneration includes commission which relates to FY 2022-23 and which will be paid during FY 2023-24
Revenue expenditure 26 24 *As a policy, Mr. N. Chandrasekaran, Chairman of the Board, has abstained from receiving commission from the Company
Total R&D expenditure 28 32 **In line with the internal guidelines of the Company, no payment is made towards commission to Mr. S. Padmanabhan, Non-Executive Director of the
Total R&D expenditure as a percentage of revenue from operations 0.56% 0.84% Company, who is in full-time employment with other Tata company
# For the purpose of disclosure, remuneration for FY 2021-22 considered for arriving at % increase in remuneration over previous year includes performance pay
received from his previous employer during FY 2021-22
C. Foreign Exchange Earnings and Outgo (Standalone)
The foreign exchange earned in terms of actual inflows during the year and the foreign exchange outgo during the year in terms B. Percentage increase in the median remuneration of employees in FY 2022-23: (9.23)%
of actual outflows: C. Number of permanent employees on the rolls of the Company as on March 31, 2023: 1,794
` in crore D. Comparison of average percentile increase in salary of employees other than the managerial
Year ended Year ended personnel and the percentile increase in the managerial remuneration:
Particulars
March 31, 2023 March 31, 2022 Particulars % change in remuneration
Foreign exchange earned 121 75 Average increase in salary of employees (other than managerial personnel) 8.71
Outgo of foreign exchange 1,128 1,121
Average increase in remuneration of managerial personnel 18.59
E. Affirmation:
On behalf of the Board of Directors
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.
N. Chandrasekaran
Chairman On behalf of the Board of Directors
DIN: 00121863 N. Chandrasekaran
Chairman
Mumbai, May 3, 2023 DIN: 00121863
Mumbai, May 3, 2023

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