Page 7 - inside page.cdr

ANNUAL REPORT 2018 - 2019

Executive Independent Director of the Company, absence or inadequacy of profits in any year with
whose term shall not be subject to retirement by powerstotheBoardtoalter,amend,varyandmodify
rotation, to hold office for five (5) consecutive years the terms and conditions of the said reappointment
on the Board of the Company for a term w.e.f. and remuneration payable to him from time to time
29thSeptember, 2019upto28thSeptember, 2024.” as it deems t in such manner as may be mutuallyfi
agreed upon,on the terms and conditions as set out
8. To re-appoint Mr. Hemant Kumar Ruia (DIN:
below:
00029410) as Chairman & Managing Director of
theCompany. Designation: Chairman ManagingDirector&

To consider and, if thought fit, to pass, with or 1. Period:
withoutmodification(s)thefollowingresolutionasa
The appointment will be effective from 1st April,
SpecialResolution :
2019 for a period of Five years i.e. up to 31st March,
“RESOLVED THAT pursuant to the provisions of 2024.
Sections 196, 197, 203 and other applicable 2. OverallRemuneration :
provisions, if any, read with Schedule V of the
Companies Act, 2013 (“the Act”) and Rules made TheremunerationpayabletohimforaperiodApril1,
thereunder (including any statutory modication(s), 2019toMarch31,2022shallbeasfollows :
clarication(s) or re-enactment(s) thereof for the time . I Salary : ` 670000/- per month with annual
being in force) and subject to such approvals, increment of such amount as may be decided by
consents, permissions and sanctions of appropriate the Board within the overall ceiling as may be
and/or concerned authorities and applicable permittedundertheAct.
provisions of SEBI (Listing Obligations and
II. Perquisites : Perquisites are classified into Three
Disclosure Requirements) Regulations, 2015
categoriesA,B,Casfollows:
(hereinafter referred to as“SEBI (LODR) Regulations,
2015”)(includinganystatutorymodification(s)orre- CATEGORY‘A’
enactment thereof for the time being in force)
i) HouseRentAllowance
subjecttosuchotherconditionsandmodications,as
may be prescribed,imposed or suggested by any of HousingI:
such appropriate and/or concerned authorities House Rent Allowances to the extent 50% of the
while granting such approvals, consents,
basic salary in case Mumbai, Kolkata, New Delhi
permissions and sanctions and as agreed to by the and Chennai and in other cities it will be 40% of
Board of Directors of the Company without any thebasicsalary.
further approval of the members of the Company
(hereinafter referred to as “the Board” which term HousingII:
shall deemed to include any Committee which the In case the accommodation is owned by the
Board may have constituted or herein after Company,10% of the salary shall be deducted by
constitute to exercise its powers including the theCompany.
powers conferred by this resolution),the consent of
HousingIII:
the members of the Company be and is hereby
accorded for the re-appointment of Mr. Hemant In case the C ompan y pr o v ides no
Kumar Ruia (DIN : 00029410) as the Chairman & accommodation, he shall be entitled to house
Managing Director of the Company for a period of rent allowance subject to the ceiling laid down in
Five (5) years with effect from 1st April,2019 to 31st HousingI.
March, 2024 with a revised remuneration for the ii) Gas&Electricityexpensesatactuals,subjecttoan
period of Three (3) years from 01st April, 2019 to
overallceilingof5%ofAnnualSalary.
31st March, 2022 on such terms and conditions,
including expressly the remuneration and the iii) Bonus@20%oftheAnnualSalaryperyear.
minimum remuneration payable to him in case of iv) Medical Reimbursement – Expenses incurred for

3
NOTICE