annual-report-FY2020

132 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS B. Remuneration to other directors (Rs. in lakhs) Sr. No. Particulars of Remuneration Total Amount Mr. Nadir B. Godrej Mr. M. M. Murugappan Mr. R K Kulkarni*^ Mr. Anupam Puri^ Dr. Vishakha N. Desai Mr. Vikram Singh Mehta Mr. T. N. Manoharan Mr. Vijay Kumar Sharma (Nominee of LIC) Mr. Haigreve Khaitan*@ Ms. Shikha Sharma@ 1 Independent Directors Fee for attending board/ committee meetings 14.50 14.00 6.20 3.00 5.70 14.50 12.50 – 6.60 9.00 86.00 Commission 30.00 36.00 12.69 10.57 36.00 30.00 36.00 – 23.31 19.43 234.00 Others, please specify (Perquisite value of ESOP) – – – – 4.50 – – – – – 4.50 Total (1) 44.50 50.00 18.89 13.57 46.20 44.50 48.50 – 29.91 28.43 324.50 2 Other Non-Executive Directors – – – – – – – – – – – Fee for attending board/ committee meetings – – – – – – – 4.50 – – 4.50 Commission – – – – – – – 27.43$ – – 27.43 Others, please specify (Perquisite value of ESOP) – – – – – – – – – – – Total (2) – – – – – – – 31.93 – – 31.93 Total (B)=(1+2) 44.50 50.00 18.89 13.57 46.20 44.50 48.50 31.93 29.91 28.43 356.43 Total Managerial Remuneration# – – – – – – – – – – 2,231.43 Overall Ceiling as per the Act 5,081.82 (being 1% of the net profts of the Company calculated as per Section 198 of the Companies Act, 2013) # Total remuneration to Managing Director, Whole-Time Director and other Directors (being the total of A and B) ^ Ceased as a Director with effect from 8 th August, 2019 $ The commission is payable to Life Insurance Corporation of India * The sitting fees and commission was paid/payable to Khaitan & Co., in which Mr. R. K. Kulkarni and Mr. Haigreve Khaitan are Partners @ Appointed as Independent Director with effect from 8 th August, 2019