Page 151 - Tata Steel One Report 2024-Eng-Ebook HY

Business Operation and Performance Driving Business Towards Sustainability
Corporate Governance Policy Financial Statements Attachments
Total remuneration of the Directors of the subsidiary
As per the Tata Steel Group policy, current employees of Tata Steel Limited and its subsidiaries who are nominated on the Board of subsidiaries do not receive any sitting fee or other remuneration as Directors. Accordingly, the Senior Management Executives of the Company who are assigned to be Directors of the subsidiary, are not paid any additional remuneration in the form of salary or bonus for being the Directors.
Other forms of remuneration paid to Directors of the subsidiary
Other forms of remuneration paid to Senior Management Executives of the subsidiary
The total remuneration of the Senior Management Executives of the Company for the financial year 2024- 25, as mentioned above, includes the remuneration of Senior Management Executives of the subsidiary.
Currently, the Company has the policy to offer the Long- Term Incentive Plan (LTIP) which is applicable to President & CEO position in order to create deferred cash-based incentive scheme for achieving long term sustainable and profitable growth of the organization.
Employees
The total number of employees of the Company and its subsidiary as at 31 March 2025 was 1,070. For the financial year 2024–25, the Company has paid remuneration to its employees totaling to Baht 173.66 million. The remuneration includes salary, overtime, variable bonus, upcountry allowance/metro allowance and as benefit- in-kind such as social security and provident fund contributions.
In addition, the subsidiary has paid in the same way to its employees an amount of Baht 625.61 million.
There is no other remuneration paid to the Directors of its subsidiary.
Total remuneration of Senior Management Executives of the subsidiary
Total remuneration in the form of salary and bonus for the financial year 2024–25 was included in the remuneration of the above-mentioned Senior Management Executives of the Company.
Number of the employees and remuneration
2024–25
(as of March 31, 2025)
Tata Steel (Thailand) Plc. (*)
Tata Steel Manufacturing (Thailand) Plc.
Total
Management Employee (persons)
26 (28)
38 (39)
64 (67)
Supervisory Employee (persons)
102 (108)
223 (221)
325 (329)
Operational Employee (persons)
29 (22)
652 (663)
681 (685)
Total (persons)
157 (158)
913 (923)
1,070 (1,081)
Employee’s Remuneration (MB)
173.66 (212.46)
625.61 (750.96)
799.27 (963.41)
* Includes 157 (158) employees in the Headquarters
Previous year (2023–24) data are shown in bracket.
During the past 3 years, the Company has not received any significant labour disputes.
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