Page 83 - Annual Report 2019-20

81

(Amount in )
( in crores) VI. REMuNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL-
V. Indebtedness A. Remuneration to Managing Director, Whole Time Directors and/or Manager:
Sr. Particulars of Remuneration Name of MD/WTD/ Manager Total
Indebtedness of the Company including interest outstanding /accrued but not due for payment No. M B Parekh Bharat Puri A B Parekh A N Parekh Sabyaschi Debabrata PIDILITE ANNUAL REPORT 2019-20
(Executive (Managing (Whole Time (Whole Time Patnaik ^ Gupta $
Particulars Secured Loans unsecured Loans Deposits Total Chairman) Director) Director) Director) (Whole Time (Whole Time
(Excluding deposits) Indebtedness Director) Director)
1 Gross salary
Indebtedness at the beginning of the financial year (a) Salary as per provisions 2,99,63,746 10,04,74,114 1,39,43,000 1,13,14,927 2,12,14,857 15,26,750 17,84,37,394
(as on 01.04.2019) contained in Section 17(1) of the
i. Principal Amount - - - - Income-tax Act, 1961
(b) Value of perquisites u/s 17(2) 83,40,023 6,12,456 25,29,856 23,76,160 - - 1,38,58,495
ii. Interest due but not paid - - - - of the Income-tax Act, 1961
(c) Profits in lieu of salary under - - - - 1,53,462 - 1,53,462
iii. Interest accrued but not due - - - - Section 17(3) of the Income-tax
Act, 1961
Total (i+ii+iii) - - - - 2 Stock option* - 16,65,45,500 - - 40,37,805 - 17,05,83,305
Change in Indebtedness during the financial year 3 Sweat Equity - - - - - - -
4 Commission #
Addition - - - - - as % of profit - 3,47,50,000 4,86,50,000 4,17,00,000 - - 12,51,00,000
- others - - - - - - -
Reduction - - - - 5 Others: Employer contribution to 31,73,181 1,67,17,740 15,09,933 13,35,269 14,64,862 3,13,395 2,45,14,380
(Repayment) provident and other funds
Net Change - - - - Total (A) 4,14,76,950 31,90,99,810 6,66,32,789 5,67,26,356 2,68,70,986 18,40,145 51,26,47,036
Indebtedness at the end of the financial year ( as on Ceiling as per the Act Remuneration paid is within the ceiling limits calculated as per Section 198 of the Companies Act 2013
31.03.2020) * Represents options which have vested and exercised
i. Principal Amount - - - - # Commission for the financial year 2018-19 paid in 2019-20
^ Ceased to be a Director w.e.f. end of business hours of 29 February 2020
th
st
ii. Interest due but not paid - - - - $ Appointed w.e.f. 1 March 2020 (Amount in )
B. Remuneration to other Directors:
iii. Interest accrued but not due - - - -
1 Independent Directors:
Total (i+ii+iii) - - - - Name of Director Fee for attending Commission# Others Total
Board/Committee
meetings
Shri B S Mehta 3,90,000 20,00,000 - 23,90,000
Shri Sanjeev Aga 5,22,000 20,00,000 - 25,22,000
Shri Uday Khanna 3,60,000 20,00,000 - 23,60,000
Smt. Meera Shankar 2,10,000 20,00,000 - 22,10,000
Shri Vinod Kumar Dasari 2,10,000 20,00,000 - 22,10,000
Shri Piyush Pandey 1,80,000 20,00,000 - 21,80,000
Total (1) 1,38,72,000
2 Non-Executive/Promoter Director:
Shri N K Parekh 7,50,000 20,00,000 - 27,50,000
(Non Executive Vice Chairman)
Total (2) - 27,50,000
Total (B) (1+2) 1,66,22,000
# Commission for the financial year 2018-19 paid in 2019-20
(Amount in )
C. Remuneration to Key Managerial Personnel other than MD/Manager/WTD:
Sr. Particulars of Remuneration Key Managerial Personnel Total
No. P Ganesh* Pradip Menon**
Chief Financial Chief Financial Puneet Bansal
Officer Officer Company Secretary
1 Gross salary
(a) Salary as per provisions contained in Section 17(1) 23,48,665 94,81,250 1,04,46,499 2,22,76,414
of the Income-tax Act, 1961
(b) Value of perquisites u/s 17(2) of the Income-tax Act, 1961 - - - *** - - *** - - - - -
PIDILITE ANNUAL REPORT 2019-20 3 4 5 Sweat Equity 27,74,597 - - 1,01,77,833 1,12,47,099 - - 2,41,99,529
(c) Profits in lieu of salary under Section 17(3) of the
Income- tax Act, 1961
Stock option
2
-
-
-
Commission
-
- as % of profit
- others
Others: Employer contribution to provident and
19,23,115
8,00,600
4,25,932
6,96,583
other funds
Total (C)
Penalties / Punishment / Compounding of Offences
There were no penalties, punishment, compounding of offences for the year ending 31 March 2020.
80 VII. *upto 24.05.2019 ** w.e.f. 18.11.2019 ***Options granted have not yet vested st