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Company. Accordingly, it is proposed that in terms of Section 197 of Messrs D. C. Dave & Co., Cost Accountants (Firm Registration
the Act, the Directors (apart from the Managing Director and Whole- No. 000611) as the Cost Auditors to conduct the audit of the cost
time Directors) be paid, for each financial years, remuneration not records of the Company for the financial year ending 31 March, 2019
exceeding one percent per annum of the net profits of the Company at a remuneration of ` 9,00,000 per annum plus applicable taxes,
or such other percentage as may be specified by the Act from time to travel and out of pocket expenses.
time in this regard, computed in accordance with the provisions of the
Accordingly, consent of the Members is being sought by way of an
Act. This remuneration will be distributed amongst all or some of the
Ordinary Resolution as set out at Item No. 11 of the accompanying
Directors in accordance with the directions given by the Board on the
recommendation of the Nomination and Remuneration Committee. Notice for ratification of the remuneration amounting to
` 9,00,000 per annum plus applicable taxes, travel and out of pocket
The payment of commission would be in addition to the sitting fees
expenses payable to the Cost Auditors for the financial year ending
payable for attending the meetings of the Board and Committees.
31 March, 2019.
The Board commends the resolution set out at Item No. 10 of the
The Board accordingly commends the resolution set out at
accompanying Notice for the approval of the Members of the
Item No. 11 of the accompanying Notice for the approval of the
Company by way of an Ordinary Resolution.
Members.
All the Directors of the Company, except the Managing Director &
None of the Directors or KMP or relatives of Directors and KMP is
CEO and the Executive Director, and their relatives are deemed to
in any way concerned or interested, financially or otherwise, in the
be concerned or interested in the Resolution at Item No. 10 of the
Resolution at Item No. 11 of the accompanying Notice.
accompanying Notice to the extent of the remuneration that may be
received by each of them.
By Order of the Board of Directors
None of the Whole-time Directors (i.e. Managing Director & CEO and
Executive Director) or Key Managerial Personnel of the Company or
their relatives is in any way concerned or interested, financially or Rajiv Chandan
otherwise, in the said resolution. General Counsel & Company Secretary
Item No. 11 Mumbai, 18 May, 2018
The Company is directed under the provisions of Section 148 of the Registered Office:
Act read with the Companies (Cost Records and Audit) Rules, 2014 Tata Chemicals Limited
(‘the Rules’), as amended from time to time, to have the audit of its Bombay House, 24, Homi Mody Street,
cost records conducted by a cost accountant in practice. Further, in Fort, Mumbai 400 001
accordance with the provisions of Section 148 of the Act read with the CIN: L24239MH1939PLC002893
Rules, the remuneration payable to the Cost Auditors has to be ratified
Tel. No: + 91 22 6665 8282
by the Members of the Company.
Fax No: + 91 22 6665 8144
The Board of Directors, on the recommendation of the Email: investors@tatachemicals.com
Audit Committee, has approved the appointment of Website: www.tatachemicals.com

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