annual-report-FY2021

168 COMPANY OVERVIEW BOARD’S REPORT MANAGEMENT DISCUSSION AND ANALYSIS CORPORATE GOVERNANCE BUSINESS RESPONSIBILITY REPORT STANDALONE ACCOUNTS CONSOLIDATED ACCOUNTS D. Remuneration to Mr. Anand G. Mahindra upon transition to the role of Non-Executive Chairman The Board based on the recommendation of GNRC considered and approved transition of Mr. Anand G. Mahindra to the role of Non-Executive Chairman of the Company with effect from 12 th November, 2021 and subject to approval of the Shareholders of the Company, also approved remuneration payable to Mr. Mahindra who shall become Non-Executive Director designated as Non-Executive Chairman of the Company with effect from 12 th November, 2021. Mr. Mahindra’s current term as Executive Chairman of the Company is upto 11 th November, 2021. E. The Stock Option granted to Directors, the period over which accrued and over which exercisable are as under: Name of Directors (alongwith their Designation) to whom Stock Options have been granted 2000 Scheme Options granted in December, 2001* Options granted in June, 2005** Options granted in October, 2005 Options granted in September, 2006 Options granted in July, 2007 Options granted in August, 2008 Options granted in September, 2012 (1) (2) (3) (4) (5) (6) (7) Mr. Anand G. Mahindra, Executive Chairman Nil Nil Nil Nil Nil Nil Nil Dr. Pawan Goenka, Managing Director & Chief Executive Officer @@ 25,290 *7,500*** *15,000*** *11,345*** *12,543*** *37,336*** Nil Mr. Nadir B. Godrej, Independent Director # 20,000 *5,000 Nil Nil Nil Nil Nil Mr. M. M. Murugappan, Independent Director # 20,000 *5,000 Nil Nil Nil Nil Nil Dr. Vishakha N. Desai, Independent Director N.A. N.A. N.A. N.A. N.A. N.A. @ 20,000***** Mr. Vikram Singh Mehta, Independent Director N.A. N.A. N.A. N.A. N.A. N.A. *10,000 Dr. Anish Shah, Dy. Managing Director & Group CFO^ N.A. N.A. N.A. N.A. N.A. N.A. N.A. Mr. Rajesh Jejurikar, Executive Director - AFS^^ *13,548 *15,000*** N.A. *12,824*** *13,492*** @ 25,178*** N.A. Name of Directors (alongwith their Designation) to whom Stock Options have been granted 2010 Scheme Options granted in January, 2011 Options granted in November, 2013 Options granted in August, 2015 Options granted in November, 2015 Options granted in November, 2018 Options granted in November, 2019 Options granted in November, 2020 Options granted in March, 2021 (8) (9) (10) (11) (12) (13) (14) (15) Mr. Anand G. Mahindra, Executive Chairman Nil Nil Nil Nil Nil Nil Nil Nil Dr. Pawan Goenka, Managing Director & Chief Executive Officer @@ *71,080 Nil 1,12,743**** Nil 36,504 36,504 30,013 57,195 Dr. Anish Shah, Dy. Managing Director & Group CFO^ N.A. N.A. *1,25,270**** Nil Nil 36,504 57,755 Nil Mr. Rajesh Jejurikar, Executive Director - AFS^^ @ 37,085 *44,282**** *40,733**** *13,578**** 18,882 18,882 49,870 Nil @ Unexercised Options lapsed. @@ Ceased as Director w.e.f. 2 nd April, 2021. # Ceased as Director w.e.f. 8 th August, 2020. ^ Appointed as Dy. Managing Director & Group CFO w.e.f. 1 st April, 2020. ^^ Appointed as Executive Director - AFS w.e.f. 1 st April, 2020. Note: Mr. T. N. Manoharan, Mr. Vijay Kumar Sharma, Mr. Haigreve Khaitan, Ms. Shikha Sharma, Ms. Nisaba Godrej, Mr. Muthiah Murugappan and Mr. CP Gurnani have not been granted any Options.