Page 90 - FBL AR 2019-20

Fermenta Biotech Limited
Annual Report 2019-20

Annexure IV

Statement of Disclosure of Remuneration as required under Section 197(12) of the Companies Act, 2013 read with Rule 5(1) and (2) of
the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014

Information under rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014
1. The ratio of the remuneration of each director to the median remuneration of the employees of the company for the financial year 2019-20:
Sr. Name Designation Ratio of remuneration of director to median
no. Remuneration of employees
1 Mr. Krishna Datla Managing Director 58.51
2 Ms. Anupama Datla Desai Executive Director 31.92
(w.e.f. September 27, 2019)
3 Mr. Satish Varma Executive Director 45.43
(w.e.f. September 27, 2019)
2. Percentage increase in remuneration of each director, Chief Financial Officer, Chief Executive Officer, Company Secretary or Manager, if
any, in the financial year 2019-20:
Sr. Name Designation % increase
no.
1 Mr. Krishna Datla Managing Director -
2 Ms. Anupama Datla Desai Executive Director -
(w.e.f. September 27, 2019)
3 Mr. Satish Varma Executive Director -
(w.e.f. September 27, 2019)
4 Mr. Prashant Nagre Chief Executive Officer 14%
(w.e.f. September 27, 2019)
5 Mr. Sumesh Gandhi Chief Financial Officer 13%
6 Mr. Srikant Sharma Company Secretary 12%
3. Percentage increase in the median remuneration of employees in the financial year 2019-20:
Due to the merger of erstwhile Fermenta Biotech Limited (‘Transferor company’) with DIL Limited (‘Transferee company’/ ‘Company’),
there is a percentage decrease in the median remuneration of employees in the financial year 2019-20.

4. Number of permanent employees on the rolls of the Company: 524
5. Average percentile increase already made in the salaries of employees other than the managerial personnel in the last financial year
and its comparison with the percentile increase in the managerial remuneration and justification thereof and point out if there are any
exceptional circumstances for increase in the managerial remuneration:
% increase made in the salaries of employees other than the managerial personnel: 12.50%
% increase in the managerial remuneration: 13%

88