MAHINDRA & MAHINDRA LTD. | Integrated Annual Report 2021-22

157 MAHINDRA & MAHINDRA LTD. Integrated Annual Report 2021-22 D. Remuneration paid/payable to Mr. Anand G. Mahindra, Non-Executive Chairman (w.e.f. 12 th November, 2021) for the year ended 31 st March, 2022 Mr. Anand G. Mahindra has transitioned to the role of Non-Executive Chairman of the Company with effect from 12 th November, 2021 upon completion of his tenure as Executive Chairman. The remuneration of Mr. Anand G. Mahindra was recommended by GNRC and subsequently approved by the Board of Directors and thereafter by the Shareholders of the Company at 75 th AGM held on 6 th August, 2021. Following is the remuneration paid/payable to the Mr. Anand G. Mahindra as Non-Executive Chairman during the year ended 31 st March, 2022: Director(s) (Rs. in Lakhs) Remuneration Commission Total* Mr. Anand G. Mahindra (Non-Executive Chairman from 12 th November, 2021) 96.53 # 95.89 192.42 * In addition, Mr. Anand G. Mahindra is entitled to the Benefits under the Special Post Retirement Benefit Scheme. # Excludes Sitting Fees. 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) Dr. Pawan Goenka, Managing Director & Chief Executive Officer $ 25,290 *7,500*** *15,000*** *11,345*** *12,543*** *37,336*** 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, Managing Director & Chief Executive Officer N.A. N.A. N.A. N.A. N.A. N.A. N.A. Mr. Rajesh Jejurikar, Executive Director (Automotive and Farm Sectors) *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 Options granted in June, 2021 Options granted in March, 2022 % Options granted in March, 2022 ! (8) (9) (10) (11) (12) (13) (14) (15) (16) (17) (18) Dr. Pawan Goenka, Managing Director & Chief Executive Officer $ *71,080 Nil *1,12,743**** Nil *36,504 36,504 30,013 57,195 N.A. N.A. N.A. Dr. Anish Shah, Managing Director & Chief Executive Officer N.A. N.A. *1,25,270**** Nil Nil 36,504 57,755 Nil 2,70,386 14,367 58,207 Mr. Rajesh Jejurikar, Executive Director (Automotive and Farm Sectors) @ 37,085 *44,282**** *40,733**** *13,578**** 18,882 18,882 49,870 Nil 2,13,471 17,139 47,169 @ Unexercised Options lapsed. $ Ceased as Managing Director & Chief Executive Officer w.e.f. 2 nd April, 2021. Notes: a. Mr. Anand G. Mahindra being a Promoter of the Company is not entitled to Stock Options. b. 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 Stock Options.