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AMINES & PLASTICIZERS LTD

(3) devising a policy on diversity of board of directors;
(4) identifying persons who are qualified to become directors and who may be appointed in senior
management in accordance with the criteria laid down, and recommend to the board of
directors their appointment and removal.
(5) decision on extension or continuation of the term of appointment of the independent director,
on the basis of the report of performance evaluation of independent directors
b) Composition and meetings :
The NRC comprises of Mr. B M Jindel, Chairman, Mr. K. K. Seksaria, Dr. P H Vaidya and Mr. Arun. . . .
Shank er Nagar Independent Directors and Mr. Hemant Kumar Ruia, Chairman & Managing Director
,
of the Company. Mr. Ajay Puranik, President (Legal) & Company Secretary acts as the Secretary to the
Committee.
Attendance :

Two meetings were held during the Financial Year; 1st April, 2018 to 31st March, 2019 on following
dates i.e. on 30th May, 2018 and 25th March, 2019. The requisite quorum was present at both the
Meetings.
Name of the Director Designation Category No.of Meetings
Attended
Mr.B.M.Jindel Chairman Non Executive & Independent 2

Mr.Hemant Kumar Ruia Member Chairman & Managing Director 2
Dr.P H Vaidya.. Member Non Executive & Independent 1
Mr.K K Seksaria.. Member Non Executive & Independent 2
Mr.A.S. Nagar Member Non Executive & Independent 2

Mr. Ajay Puranik, President (Legal) & Company Secretary of the Committee was present at the
meetings held on 30th May, 2018 and 25th March, 2019.
REMUNERATION POLICY
The Nomination and Remuneration Committee has considered the factors laid down under Section
178(4) of the Companies Act, 2013 while formulating the Remuneration Policy.
Remuneration to Non Executive Directors :
The only remuneration paid to the Non-Executive Directors is by way of Sitting Fees. The Non- Executive
Directors are paid sitting fees for each meeting of the Board and Audit Committee attended by them.
The sitting fees paid to the Non-Executive Directors are:

i) A sitting fee of 10,000/- for every meeting of the Board of Directors;
`
ii) A sitting fee of 2,500/- for every meeting of the Audit Committee.`
The total amount of sitting fees (excluding Goods & Service Tax) paid during the Financial year was
`2,92,500/- (Rupees Two Lakhs Ninety Two Thousand Five Hundred only)
The Non – Executive Directors/ Independent Directors do not have any material pecuniary relationship or
transactions with the Company.

Remuneration to Executive Directors/ KMP :
During the year under review, the Company had two Executive / Whole Time Directors, Mr. Hemant Kumar
Ruia and Mr. Yashvardhan Ruia. The appointment and remuneration of Mr. Hemant Kumar Ruia, Chairman
& Managing Director and Mr. Yashvardhan Ruia, Executive Director are approved and governed by the

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CORPORATE GOVERNANCE