Kajaria | Annual Report 2013-14 - page 43

by the directors are as follows:
Name of the Director Category No. of
Meetings
Attended
Mr. Ashok Kajaria Chairman 1
Mr. R. K. Bhargava Member 1
Mr. R. R. Bagri Member 1
Mr. D. P. Bagchi Member 1
However, in Accordance with the provisions
of the Companies Act 2013, Remuneration
Committee has been reconstituted and renamed
as Nomination and Remuneration committee
w.e.f 07.05.2014. The new constitution would be
as follows:
Name Status
Mr. D. P. Bagchi Chairman
Mr. Ashok Kajaria Member
Mr. H. Rathnakara Hegde Member
Mr. R. R. Bagri Member
The terms of reference to this Committee include:
ƒ This committee shall identify persons who
are qualified to become directors and who
may be appointed as Key Managerial Persons
in accordance with the criteria laid down,
recommend the board their appointment and
removal and shall carry out evaluation of every
director’s performance.
ƒ This Committee is empowered to review
and recommend to the Board of Directors,
remuneration and commission of Directors
and other senior executives of the Company.
ƒ This committee shall formulate a remuneration
policy in accordance with the applicable
provisions of the Companies Act 2013 and
Listing agreement, amended from time to
time.
The Company has not issued any Stock options to
any director during the year.
The Number of shares held by Non- Executive
Directors as on 31.03.14 are as follows:
S.
No.
Name of Non- Execu-
tive Director
No. of Shares held
as at 31.03.2014
1 Mr. R. K. Bhargava 6296
2 Mr. R. R. Bagri 21000
3 Mr. D. P. Bagchi NIL
4 Mr. H. Rathnakara Hegde NIL
5 Mr. Sandeep Singhal NIL
V. SHARE TRANSFER & INVESTORS
GRIEVANCES COMMITTEE
The Committee is responsible for the satisfactory
redressal of investor’s grievances and recommends
measures for overall improvement in the quality of
investors services. During the year, the Committee
met five times on 04.06.2013, 30.07.2013,
08.10.2013, 31.12.2013 and 31.03.2014. The
details of the meetings attended by the directors
are as follows:
The details of remuneration paid to directors during the financial year ended 31st March 2014 is as under:
(` in million)
S No. Name of Directors Salary Perquisites & other Benefits Commission Sitting fees Total
1 Mr. Ashok Kajaria 14.52 11.37 - - 25.89
2 Mr. Chetan Kajaria 12.00 9.40 18.00 - 39.40
3 Mr. Rishi Kajaria 12.00 9.40 18.00 - 39.40
4 Mr. B. K. Sinha 2.57 1.76 - - 4.33
5 Mr. R. R. Bagri - - - 0.38 0.38
6 Mr. R. K. Bhargava - - - 0.26 0.26
7 Mr. D. P. Bagchi - - - 0.14 0.14
8 Mr. H. Rathnakara Hegde - - - 0.20 0.20
41
Annual Report 2013-14