Page 106 - Kolte Patil AR 2019-20

Sr. No.
1.
2
3
4
5
6
7 Total
Name of the Director
Mrs. Sunita Kolte
Mrs. Vandana Patil
Mr. Prakash Gurav
Mr. Umesh Joshi
Mr. G. L. Vishwanath
Mr. Jayant Pendse
Mrs. Manasa Vishwanath
No. of meetings attended
5 4 5 3 3 5 3
Sitting fees paid (D in Lakhs) 2.50 2.00 2.50 1.50 1.50 2.50 1.50 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:
Name of Director
Mr. Rajesh Patil Mr. Naresh Patil Mr. Milind Kolte
Salary, bonus Perquisites
and Allowances benefits 93.95 -* 6.05 93.95 -* 6.05 93.95 -* 6.05
Performance linked incentive/Commission$ 100.00
100.00
100.00
Total
200.00 200.00 200.00
(C in Lakhs) Stock Options
granted
NIL NIL 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 Executive Directors is for a period of five years from their respective date of appointment, as approved by the shareholders in the Annual General Meeting. The other terms and conditions of employment are governed by Company’s Human Resource Policy.
h) Shareholding of Non-Executive Directors
The shareholding of Non-Executive Directors as on 31 March 2020 is as follows:-
a) Terms of Reference to Stakeholders’ Relationship Committee
yy Redressal of the investors’ complaints like non-receipt of annual reports, dividend payments, change or deletion of name, issue of new/duplicate share certificates, general meetings etc.;
yy Dematerialization, re-materialization, transfer, transmission, consolidation, sub-division of shares, debentures and securities and other allied transactions;
yy Delegation of power to the executives of the Company and to the Registrar and Transfer Agent of the Company to accomplish aforesaid objectives;
Sr. Name of Non-Executive No. Director
1 Mrs. Sunita Kolte
2 Mrs. Vandana Patil
3 Mr. Prakash Gurav
4 Mr. G. L. Vishwanath
5 Mr. Jayant Pendse
6 Mrs. Manasa Vishwanath
7 Mr. Umesh Joshi
STAKEHOLDERS’ RELATIONSHIP COMMITTEE
The Stakeholders’ Relationship Committee of the Company comprises of 6 members, in which 5 members are Independent Directors.
104 | Kolte-Patil Developers Limited
No. of Equity shares held (face value D10 each) 5,539,553
Retirement
7,131,380 yy NIL
Review of measures taken for effective exercise of voting rights by shareholders;
NIL NIL NIL NIL
yy Review of adherence to the service standards adopted by the Company in respect of various services being rendered by the Registrar & Share Transfer Agent;
yyReview of the various measures and initiatives taken by Company for reducing the quantum of unclaimed dividends and ensuring timely receipt of dividend warrants/annual reports/statutory notices by the shareholders of the company.
b) Meeting
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.