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AMINES & PLASTICIZERS LTD

self and family subject to a ceiling of one month’s incurred by him for the business of the Company.He
salary in a year or three months’ salary over a is also entitled to any loyalty benefit program,
periodofthreeyears. keyman insurance policies as may be decided by the
Boardfromtimetotime.
v) LeaveTravelConcession–Forselfandfamilyonce
inayearaccordingtotherulesoftheCompany. Subject to the superintendence and control of the
Board of Directors, he shall be responsible for the
vi) Club fees - Fees of clubs,subject to a maximum of
day-to-day management of the affairs of the
two clubs but this will not include admission and
Company.
lifemembershipfees.
The overall remuneration payable shall not exceed
vii)Personal Accident Insurance – Premium not to
`1.68Croresperannum.
exceed 20,000/-inayear.`
RESOLVED FURTHER THAT by virtue of powers
Explanation-Family means the spouse and the
dependent children of the Chairman & vested in him and as required under Section 203 of
the Companies Act,2013,Mr.Hemant Kumar Ruia be
ManagingDirector.
also entrusted the role of Chief Executive Officer of
CATEGORY‘B’ theCompany.

The Chairman & Managing Director shall also be RESOLVED FURTHER THAT the Board be and is
eligible to the following perquisites,which shall not hereby authorized at its discretion from time to time
be included in the computation of the ceiling to fix the actual remuneration and/or perquisites of
for the purpose of remuneration or minimum Mr. Hemant Kumar Ruia and revise such
remuneration. remuneration and/ or perquisites from time to
a) Contributionto Superannuation Fund or Annuity time within the statutory limits and to vary/
Fund to the extent these either singly or taken modify/ amend the terms and conditions of the
together are not taxable under the Income Tax reappointment from time to time as may be agreed
Act,1961. tobytheBoardandMr.HemantKumarRuia.
b) Gratuity payable at a rate not exceeding half a RESOLVED FURTHER THAT the aforesaid
month’ssalaryforeachcompletedyearofservice. remunerationshallbepayableforaperiodof(Three)
3yearsfromthedateofre-appointmentandshallbe
c) EncashmentofLeaveattheendofthetenure.
revised thereafter with the approval of the members
CATEGORY‘C’ of the Company or such authority as may be
Provision of Car for use on Company’s business and required.
telephone at residence will not be considered as RESOLVED FURTHER THAT the Board of Directors
perquisites. or Company Secretary of the Company, be and are
In case of loss or inadequacy of profits in any hereby severally authorised to make necessary
financial year, the Chairman & Managing Director application if any to such Authorities, as may be,
will be entitled to a minimum remuneration by way required, for seeking its approval to the said
of salary and perquisites as specified above subject appointment and to do all such acts,deeds,matters
to the limits specified in that regard in ScheduleV to and things as may be necessary,proper or expedient
the Companies Act, 2013 or as amended from time forthepurposeofgivingeffecttothisresolutionand
totime. for matters connected therewith or incidental
thereto.”
Mr. Hemant Kumar Ruia will not be entitled to any
sitting fees for attending meetings of the Board of 9. Revision in remuneration of Mr. Yashvardhan
Directors or Committees thereof. He shall not be Ruia(DIN:00364888) , ExecutiveDirector.
liable to retire by rotation. The Company shall To consider and, if thought fit, to pass, with or
reimburse to the Chairman & Managing Director, withoutmodification(s)thefollowingresolutionasa
entertainment, traveling and all other expenses SpecialResolution :

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NOTICE