Page 106 - Kolte Patil AR 2019-20

Sr. No. Name of the Director No. of meetings attended Sitting fees paid (D in Lakhs)
1. Mrs. Sunita Kolte 5 2.50
2 Mrs. Vandana Patil 4 2.00
3 Mr. Prakash Gurav 5 2.50
4 Mr. Umesh Joshi 3 1.50
5 Mr. G. L. Vishwanath 3 1.50
6 Mr. Jayant Pendse 5 2.50
7 Mrs. Manasa Vishwanath 3 1.50
Total 14.00

g) Details of remuneration paid to the Chairman and Managing Director and Executive Directors of the Company
The remuneration paid to the Chairman and Managing Director and Executive Directors for the year ended on 31 March 2020 is as
follows:
(C in Lakhs)
Name of Director Salary, bonus Perquisites Retirement Performance linked Total Stock Options
and Allowances benefits incentive/Commission $ granted
Mr. Rajesh Patil 93.95 -* 6.05 100.00 200.00 NIL
Mr. Naresh Patil 93.95 -* 6.05 100.00 200.00 NIL
Mr. Milind Kolte 93.95 -* 6.05 100.00 200.00 NIL
*Less than C1 Lakhs
$Commission of C100 Lakhs each was paid to Executive Directors.
The term of service of the Chairman and Managing Director and a) Terms of Reference to Stakeholders’ Relationship
Executive Directors is for a period of five years from their respective Committee
date of appointment, as approved by the shareholders in the Annual y y Redressal of the investors’ complaints like non-receipt of annual
General Meeting. The other terms and conditions of employment reports, dividend payments, change or deletion of name, issue
are governed by Company’s Human Resource Policy. of new/duplicate share certificates, general meetings etc.;
h) Shareholding of Non-Executive Directors y y Dematerialization, re-materialization, transfer, transmission,
The shareholding of Non-Executive Directors as on 31 March consolidation, sub-division of shares, debentures and securities
2020 is as follows:- and other allied transactions;
Sr. Name of Non-Executive No. of Equity shares held y y Delegation of power to the executives of the Company and to
No. Director (face value D10 each) the Registrar and Transfer Agent of the Company to accomplish
1 Mrs. Sunita Kolte 5,539,553 aforesaid objectives;
2 Mrs. Vandana Patil 7,131,380 y y Review of measures taken for effective exercise of voting rights
3 Mr. Prakash Gurav NIL by shareholders;
4 Mr. G. L. Vishwanath NIL y y Review of adherence to the service standards adopted by the
5 Mr. Jayant Pendse NIL Company in respect of various services being rendered by the
6 Mrs. Manasa Vishwanath NIL Registrar & Share Transfer Agent;
7 Mr. Umesh Joshi NIL
y y Review of the various measures and initiatives taken by
Company for reducing the quantum of unclaimed dividends
STAKEHOLDERS’ RELATIONSHIP COMMITTEE and ensuring timely receipt of dividend warrants/annual
The Stakeholders’ Relationship Committee of the Company reports/statutory notices by the shareholders of the company.
comprises of 6 members, in which 5 members are Independent b) Meeting
Directors.
The Company has given authority to its Registrar and Transfer
Agent i.e. M/s. Bigshare Services Private Limited to resolve the
complaints of shareholders of the Company. The 99.99% shares
of the Company are held in Dematerialized form.

104 | Kolte-Patil Developers Limited