annual-report-FY2020

131 MAHINDRA & MAHINDRA LTD. INTEGRATED ANNUAL REPORT 2019-20 V. INDEBTEDNESS Indebtedness of the Company including interest outstanding/accrued but not due for payment: (Rs. in lakhs) Secured Loans excluding deposits Unsecured Loans Deposits Total Indebtedness Indebtedness at the beginning of the financial year i) Principal Amount 0.67 2,57,133.54 17.24 2,57,151.45 ii) Interest due but not paid – – – – iii) Interest accrued but not due – 2,087.37 10.66 2,098.03 Total (i+ii+iii) 0.67 2,59,220.91 27.90 2,59,249.48 Change in Indebtedness during the financial year * Addition – 1,43,743.54 – 1,43,743.54 * Reduction – 1,05,072.70 16.26 1,05,088.96 Net Change – 38,670.84 –16.26 38,654.58 Indebtedness at the end of the financial year i) Principal Amount 0.67 2,95,810.43 9.79 2,95,820.89 ii) Interest due but not paid – – – – iii) Interest accrued but not due – 2,081.32 1.85 2,083.17 Total (i+ii+iii) 0.67 2,97,891.75 11.64 2,97,904.06 VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL: A. Remuneration to Managing Director, Whole-time Directors and/or Manager: (Rs. in lakhs) Sr. No. Particulars of Remuneration Name of MD/WTD/Manager Mr. Anand Mahindra (Executive Chairman) Dr. Pawan Goenka (Managing Director) Total Amount 1 Gross salary (a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961 392.62 423.21 815.83 (b) Value of perquisites u/s 17(2) Income-tax Act, 1961 3.56 46.54 50.10 (c) Profts in lieu of salary under section 17(3) Income-tax Act, 1961 – – – 2 Stock Option - Amount indicates perquisite value of ESOPs exercised during the year 0.00 0.00 0.00 3 Sweat Equity – – – 4 Commission - as % of proft 419.06 471.71 890.77 5 Others - please specify (contribution to funds) 56.32 61.98 118.30 Total (A) 871.56 1,003.44 1,875.00 Ceiling as per the Act 50,818.16 (being 10% of the net profts of the Company calculated as per Section 198 of the Companies Act, 2013)