Page 86 - Kolte Patil AR 2019-20

VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL

A. Remuneration to Chairman and Managing Director, Whole-time Directors and/or Manager:
(C in Lakhs)
Particulars of Remuneration Name of MD/WTD/ Manager Total Amount
Mr. Rajesh Patil Mr. Naresh Patil – Mr. Milind Kolte -
– Chairman and Vice Chairman Executive Director
Managing Director
Gross salary
(a) Salary as per provisions contained in 100.00 100.00 100.00 300.00
section 17(1) of the Income-tax Act, 1961
(b) Value of perquisites u/s 17(2) Income- -* -* -* -
tax Act, 1961
(c) Profits in lieu of salary under section - - - -
17(3) Income-tax Act, 1961
Stock Option - - - -
Sweat Equity - - - -
Commission 100.00 100.00 100.00 300.00
Others - - - -
Total (A) 200.00 200.00 200.00 600.00
Overall ceiling as per the Act C1,208 (10% of the net profit calculated as per Section 198 of the Companies Act, 2013)

*Amount less than C1 Lakhs
B. Remuneration to other directors:
(C in Lakhs)
Particulars of Name of Directors Total
Remuneration Amount
Mrs. Mrs. Mr. Umesh Mr. Jayant Mr. Prakash Mr. G L Mrs.
Sunita Vandana Joshi Pendse Gurav Vishwanath Manasa
Kolte Patil Vishwanath
1. Independent Directors
Fee for attending - - 1.50 2.50 2.50 1.50 1.50 9.50
board / committee
meetings
Commission - - - - - - - -
Other - - - - - - - -
Total (1) - - 1.50 2.50 2.50 1.50 1.50 9.50
2. Other Non-Executive Directors
Fee for attending 2.50 2.00 - - - - - 4.50
board / committee
meetings
Commission - - - - - - - -
Others - - - - - - - -
Total (2) 2.50 2.00 - - - - - 4.50
Grand Total (1+2) 2.50 2.00 1.50 2.50 2.50 1.50 1.50 14.00
Overall Ceiling as per C121 (1% of the net profit calculated as per Section 198 of the Companies Act, 2013)
the Act

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