Page 89 - Kolte Patil AR 2019-20

ANNEXURE V

a) Information as per Rule 5 (1) of the Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014
Remuneration Paid to Chairman and Managing Director and Executive Directors
Name of the Director Remuneration Remuneration % increase of No. of stock Ratio of
for FY 19-20 (D for FY 18-19 (D remuneration options remuneration
In Lakhs) In Lakhs) granted to MRE#
Mr. Rajesh Patil – Chairman and Managing Director 200.00 100.00 100% NIL 39.12
Mr. Naresh Patil – Vice Chairman 200.00 100.00 100% NIL 39.12
Mr. Milind Kolte – Executive Director 200.00 100.00 100% NIL 39.12

# MRE means Median Remuneration of Employee.
Remuneration Paid to Independent Directors and Non-Executive Directors
The Company has paid only sitting fees to the Independent Directors and Non-Executive Directors for attendance of the Board Meeting.

Remuneration Paid to Key Managerial Personnel
Name of the Director Remuneration Remuneration % increase of No. of stock Ratio of
for FY 19-20 (D for FY 18-19 (D remuneration options remuneration
In Lakhs) In Lakhs) granted to MRE#
Mr. Gopal Sarda – Chief Executive Officer 487.66 447.00 9% NIL 95.37
Mr. Atul Bohra – Chief Financial Officer 138.72 95.00 46% NIL 27.13
Mr. Vinod Patil – Company Secretary 47.76 39.00 22% NIL 09.34
 The median remuneration of employee (MRE) excluding Whole – Time Directors (WTD) was C5.11 Lakhs and C4.80 Lakhs in fiscal 2020
and 2019 respectively. The increase in MRE (excluding WTDs) in fiscal 2020, as compared to fiscal 2019 is 6%
 The number of permanent employees on the rolls of the Company as of 31 March 2020 and 31 March 2019 was 569 and 584 respectively.
 The revenue during the fiscal 2020 over fiscal 2019 was increased by 54.38% and net profit decreased by 17.32% as compared to fiscal
2019.
 The aggregate remuneration of employee excluding WTD increased by 10% over the previous fiscal.
 The Company has paid remuneration to Executive Directors and Key Managerial Personnel as per the Remuneration Policy of the
Company.
b) Information as per Rule 5 (2) of the Companies (Appointment and Remuneration of Managerial
Personnel) Rules, 2014
Employee Designation Qualification Age (in years) Date of Total Gross Previous
name Joining Experience Remuneration employment
(in years) (C in Lakhs) details
Mr. Gopal Chief Executive M.Com, CA 36 13-Dec-10 12 487.66 Finance Head –
Sarda # Officer Eiffel Developers
and Realtors
Mr. Atul Bohra # Chief Financial CA, CS 42 16-Feb-13 15 138.72 Manager Finance
Officer and Company
Secretary
Magna Steyr
India Private
Limited
#Mr. Gopal Sarda and Mr. Atul Bohra are permanent employees of the Company. They are not holding any shares in the Company and they are not is a relative
of any Director or Manager of the Company.

Annual Report 2019-20 | 87