Integrated Annual Report 2025-26 136 ANNEXURE V DETAILS OF REMUNERATION Details pertaining to remuneration as required under section 197(12) read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 The percentage increase in the remuneration of each Director, Chief Financial Officer and Company Secretary during the FY26 and ratio of the remuneration of each Director to the median remuneration of the employees of the Company for the FY26 are as under: Sr. No. Name of Director/KMP Designation % increase in Remuneration in the FY26 (Excluding perquisite value of ESOPs exercised) % increase in Remuneration in the FY26 (Including perquisite value of ESOPs exercised) Ratio of Remuneration of each Director to median remuneration (Including perquisite value of ESOPs exercised) of employees for the FY26 1. Mr. Anand G. Mahindra1 Chairman 9.96% 9.96% 49.59 2. Dr. Anish Shah Group CEO and Managing Director 29.97% 35.35% 514.05 3. Mr. Rajesh Jejurikar Executive Director & CEO (Auto & Farm Sector) 25.19% 32.98% 408.37 4. Mr. T. N. Manoharan1 & 2 Independent Director - - 3.21 5. Ms. Shikha Sharma1 Independent Director 15.69% 15.69% 9.47 6. Ms. Nisaba Godrej1 Independent Director 10.64% 10.64% 8.35 7. Mr. Muthiah Murugappan1 Independent Director 13.40% 13.40% 8.83 8. Mr. Sat Pal Bhanoo (Nominee of LIC)1 & 3 & 4 Nominee Director - - 8.10 9. Ms. Padmasree Warrior1 & 4 Independent Director - - 8.27 10. Mr. Ranjan Pant1 & 4 Non-Executive Director - - 8.51 11. Ms. Samina Hamied1 & 5 Independent Director - - 3.93 12. Mr. M.P. Vijay Kumar1 & 5 Independent Director - - 4.25 13. Mr. Amarjyoti Barua6 President and Group CFO - - Not Applicable 14. Mr. Narayan Shankar7 Company Secretary - - Not Applicable 15. Ms. Divya Mascarenhas8 Interim Company Secretary - - Not Applicable 16. Mr. Sailesh Daga9 Company Secretary - - Not Applicable 1 The remuneration of Chairman, Independent Directors, Non-Executive Director and Nominee Director covers sitting fees and commission. 2 C eased to be an Independent Director with effect from 30th July 2025 due to his unfortunate and untimely demise. Remuneration was paid for part of the FY26, hence, percentage change in remuneration is not comparable. 3 A ppointed as a Nominee Director with effect from 17th May 2024. Remuneration was paid for part of the FY25, hence, percentage change in remuneration is not comparable. Commission for the FY26 shall be payable to LIC of India and sitting fees paid to him is included in the remuneration. 4 Appointed as a Director with effect from 17th May 2024. Remuneration was paid for part of the FY25, hence, percentage change in remuneration is not comparable. 5 Appointed as an Independent Director with effect from 7th October 2025. Hence, percentage change in remuneration is not comparable. 6 Appointed as the Group Chief Financial Officer with effect from 17th May 2024. Remuneration was paid for part of the FY25, hence, percentage change in remuneration is not comparable. 7 C eased to be the Company Secretary with effect from 2nd April 2025. Remuneration was paid for part of the FY26, hence, percentage change in remuneration is not comparable. Remuneration includes Retiral payouts. 8 A ppointed as the Interim Company Secretary with effect from 2nd April 2025 upto 15th July 2025. Remuneration was paid for part of the FY26, hence, percentage change in remuneration is not comparable. 9 Appointed as the Company Secretary with effect from 16th July 2025. Hence, percentage change in remuneration is not comparable. Note: All amounts are rounded off.
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