Page 89 - Kolte Patil AR 2019-20

Remuneration for FY 19-20 (D In Lakhs)
Remuneration for FY 18-19 (D In Lakhs)
% increase of remuneration
No. of stock options granted
200.00
100.00
100%
NIL
200.00
100.00
100%
NIL
200.00
100.00
100%
NIL
Remuneration for FY 19-20 (D In Lakhs)
Remuneration for FY 18-19 (D In Lakhs)
% increase of remuneration
No. of stock options granted
487.66
447.00
9%
NIL
138.72
95.00
46%
NIL
47.76
39.00
22%
NIL
Employee name
Designation
Qualification
Age (in years)
Date of Joining
Total Experience (in years)
Gross Remuneration (C in Lakhs)
Mr. Gopal Sarda#
Chief Executive Officer
M.Com, CA
36
13-Dec-10
12
487.66
Mr. Atul Bohra#
Chief Financial Officer
CA, CS
42
16-Feb-13
15
138.72
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
Mr. Rajesh Patil – Chairman and Managing Director Mr. Naresh Patil – Vice Chairman
Mr. Milind Kolte – Executive Director
# MRE means Median Remuneration of Employee.
Remuneration Paid to Independent Directors and Non-Executive Directors
Ratio of remuneration to MRE#
39.12 39.12 39.12
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
Mr. Gopal Sarda – Chief Executive Officer Mr. Atul Bohra – Chief Financial Officer Mr. Vinod Patil – Company Secretary
Ratio of remuneration to MRE#
95.37 27.13 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
Previous employment details
Finance Head – Eiffel Developers and Realtors Manager Finance 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.
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