Page 379 - Tata Chemical Annual Report_2022-2023

General Guidelines for Members EXPLANATORY STATEMENT Remuneration:
1. Institutional/Corporate shareholders (i.e. other than individuals, HUF, NRIs, etc.) are required to send scanned copy (PDF/ Pursuant to Section 102 of the Companies Act, 2013 (‘the Act’), A. Basic Salary: Current basic Salary of ` 13,10,000 per month
JPG Format) of the relevant Board Resolution / Authority Letter, etc. with attested specimen signature of the duly authorised the following Explanatory Statement sets out all material facts in the scale of ` 13,00,000 to ` 25,00,000 per month.
signatory(ies) who are authorised to vote, to the Scrutiniser by email to tcl.scrutinizer@gmail.com with a copy marked to evoting@ relating to the business mentioned under Item Nos. 5 to 6 of the
nsdl.co.in. Institutional shareholders (i.e. other than individuals, HUF, NRIs, etc.) can also upload their Board Resolution/Power accompanying Notice dated May 23, 2023 The annual increments which will be effective 1 April each
of Attorney/Authority Letter etc. by clicking on ‘Upload Board Resolution / Authority Letter’ displayed under ‘e-Voting’ tab in year, (starting from April 2024) will be decided by the Board
their login. Item No. 5 based on the recommendations of the Nomination and
Remuneration Committee and will be merit-based and take
2. It is strongly recommended not to share your password with any other person and take utmost care to keep your password Mr. R. Mukundan (DIN: 00778253) is currently the Managing into account the Company’s performance as well.
confidential. Login to the e-Voting website will be disabled upon five unsuccessful attempts to key in the correct password. In Director & CEO of the Company and also a Member of the
such an event, you will need to go through the “Forgot User Details/Password?” or “Physical User Reset Password?” option Stakeholders Relationship Committee, Corporate Social B. Benefits, Perquisites, Allowances:
available on www.evoting.nsdl.com to reset the password. Responsibility Committee, Risk Management Committee and In addition to the basic salary referred to in (A) above, the
Safety, Health, Environment & Sustainability Committee.
3. In case of any queries/grievances pertaining to remote e-Voting (before/during the AGM), you may refer the Frequently Asked Questions Managing Director & CEO shall be entitled to:
(FAQs) for Shareholders and e-Voting user manual for Shareholders available at the download section of www.evoting.nsdl.com or call at Mr. R. Mukundan was appointed as a Managing Director w.e.f. (i) Rent-free residential accommodation (furnished or
022 - 4886 7000 and 022 - 2499 7000 or send a request to at evoting@nsdl.co.in or contact Mr. Amit Vishal or Ms. Pallavi Mhatre November 26, 2008 for a period of 5 years up to November 25, otherwise) with the Company bearing the cost of
from NSDL at the designated email ids: amitv@nsdl.co.in or pallavid@nsdl.co.in. 2013, and thereafter re-appointed as Managing Director of the repairs, maintenance, society charges and utilities
Company w.e.f. November 26, 2013 for a period of 5 years up to
By Order of the Board of Directors November 25, 2018. Subsequently, at the Annual General Meeting (e.g. gas, electricity and water charges) for the
(AGM) held on July 25, 2018, the Members of the Company had said accommodation.
Rajiv Chandan approved of the re-appointment and terms of remuneration of OR
Chief General Counsel & Company Secretary Mr. R. Mukundan, Managing Director & CEO of the Company
FCS 4312 for a period of 5 (five) years from November 26, 2018 upto House Rent, House Maintenance and Utility
Mumbai, May 23, 2023 November 25, 2023, including, inter-alia, salary scale of ` 8,00,000 Allowances aggregating 85% of the annual basic
Registered Office: per month to ` 15,00,000 per month, with authority to the Board salary in case residential accommodation is not
Tata Chemicals Limited to fix his salary within the above mentioned scale. provided by the Company.
Bombay House, (ii) Following other facilities as per the Rules of
24 Homi Mody Street, Fort, Based on the recommendations of the Nomination and the Company:
Mumbai - 400 001 Remuneration Committee at their Meeting held on May 13, a. Hospitalisation and major medical expenses;
CIN: L24239MH1939PLC002893 2023, the Board has, vide resolution passed on May 23, 2023,
Tel. No: + 91 22 6665 8282 re-appointed Mr. Mukundan as the Managing Director & CEO b. Car facility;
Email: investors@tatachemicals.com of the Company for a period of five (5) years commencing from c. Telecommunication facilities;
Website: www.tatachemicals.com November 26, 2023 upto November 25, 2028, subject to approval
of the Members. d. Housing Loan;
Mr. R. Mukundan joined Tata Administrative Service in 1990, after (iii) Other perquisites and allowances:
completion of MBA from FMS, Delhi University. During his 33-
year career with Tata Group, he has held various responsibilities Other Perquisites and Allowances including Medical
across the Chemical, Automotive and Hospitality sectors of the Allowance, Leave Travel Concession/Allowance,
Tata Group. Prior to joining Tata Chemicals in 2001, he worked Other Allowances (including any special allowance),
with the Indian Hotels Company Limited and Tata AutoComp Personal Accident Insurance Premium and Annual
Systems Limited. During his tenure in Tata Chemicals, he has Club Membership Fees subject to a maximum of 55%
headed the Mithapur Plant, Chemicals and Consumer business. of the annual basic salary.
He is a distinguished alumnus of IIT, Roorkee, Fellow of Indian (iv) Contribution to Provident Fund, Superannuation
Chemical Society and an alumnus of Harvard Business School. Fund or Annuity Fund and Gratuity Fund as per the
He serves on industry forums and impact organisations. Rules of the Company.
The principal terms and conditions of Mr. Mukundan’s (v) The Managing Director & CEO shall be entitled to
appointment as the Managing Director & CEO (hereinafter leaves in accordance with the Rules of the Company.
referred to as ‘Mr. Mukundan’ or ‘the Managing Director & CEO’) Privilege Leave earned but not availed by the
are as follows: Managing Director & CEO is encashable in accordance
with the Rules of the Company.
Period of Appointment: From November 26, 2023 upto
November 25, 2028 (both days inclusive).

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