Page 91 - Tata_Chemicals_yearly-reports-2017-18

Annexure E
VI. Remuneration of Directors and Key Managerial Personnel
A. Remuneration to Managing Director, Whole-time Directors and/or Manager:
(`)

Sr. Particulars of Remuneration Mr. R. Mukundan
No.
Managing Director & CEO
1.. Gross Salary
(a) Salary as per provisions contained in Section 17(1) of the Income Tax Act, 1961 2,41,40,075
(b) Value of perquisites under Section 17(2) Income Tax Act, 1961 1,39,207
(c) Profits in lieu of the salary under Section 17(3) of the Income Tax Act, 1961 -
2. Stock Options - Integrated Report
3. Sweat Equity -
4. Commission -
- as % of profit -
- others, specify…. (Performance based) 3,30,00,000*
5. Others (Contribution to PF) 11,52,000
Total 5,84,31,282
Ceiling as per the Companies Act, 2013 (@5% of the net profits of the Company calculated as per 70.15
Section 198 of the Companies Act, 2013- in crore)
* Commission relates to FY 2017-18, which will be paid during FY 2018-19

B. Remuneration to other Directors:
(`) Statutory Reports
Sr. Particulars Fee for attending Board/ Commission Others, please Total Amount
No. Committee Meetings specify
I. Independent Directors
1. Mr. Nasser Munjee 6,50,000 75,00,000 - 81,50,000
2. Dr. Y. S. P. Thorat 7,10,000 75,00,000 - 82,10,000
3. Ms. Vibha Paul Rishi 3,90,000 40,00,000 - 43,90,000
Total (1) 17,50,000 1,90,00,000 - 2,07,50,000
II. Other Non-Executive Directors
4. Mr. Bhaskar Bhat 3,90,000 * - 3,90,000
5. Mr. S. Padmanabhan 6,10,000 * 6,10,000
Total (2) 10,00,000 - - 10,00,000
Total Managerial Remuneration (1+2) 27,50,000 1,90,00,000 2,17,50,000
Ceiling as per the Companies Act, 2013 (@ 1% of the net profits of the Company calculated as per Section 14.03 Financial Statements
198 of the Companies Act, 2013 – in crore)
* In line with the internal guidelines, no payment is made towards commission to Mr. Bhaskar Bhat and Mr. S. Padmanabhan, Non-Executive
Directors of the Company, who are in full-time employment with other Tata companies.
Note: Ceiling limits are for FY 2017-18. Commission relates to FY 2017-18, which will be paid during FY 2018-19

Board's Report 89