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ANNEXURE – 4
STATEMENTOF
DISCLOSUREOFREMUNERATION
UNDERSECTION 197OFTHECOMPANIESACT2013ANDRULE5(1)OFTHECOMPANIES
(APPOINTMENTANDREMUNERATIONOFMANAGERIALPERSONNEL) RULES, 2014
I. Ratio of remuneration of each Executive Director to the median remuneration of Employees of the Company for the financial
year 2016-17, the percentage increase in remuneration of Chairman & Managing Director, Joint Managing Directors, Executive
Directors, Company Secretary and CFO during the financial year 2016-17:
Sl.
No.
Name of Director / KMP Designation
Ratio of Remuneration of each director
to median remuneration of employees
Percentage increase
in Remuneration
1
Mr. Ashok Kajaria
(DIN: 00273877)
Chairman & Managing
Director
96:1
11.46%
2
Mr. Chetan Kajaria
(DIN: 00273928)
Joint Managing
Director
185:1
13.09%
3
Mr. Rishi Kajaria
(DIN: 00228455)
Joint Managing
Director
185:1
13.09%
4
Mr. Dev Datt Rishi
(DIN: 00312882)
Director - Technical
22:1
8.19%
5
Mr. Basant Kumar Sinha
(DIN: 03099241)
Director - Technical
16:1
14.39%
6
Mr. Ram Chandra Rawat
(FCS 5101)
COO (A&T) & Company
Secretary
Not Applicable
26.77%
7 Mr. Sanjeev Agarwal
CFO
Not Applicable
28.81%
Note:
a) The Non-Executive Directors of the Company are entitled for sitting fees. The detail of remuneration of Non-Executive Directors
is provided in the Report on Corporate Governance and is governed by the Nomination and Remuneration Policy, as stated
herein below. The ratio of remuneration and percentage increase for Non-Executive Directors remuneration is therefore not
considered for the purpose above.
II.
SI. No. Particulars
Details
1 % increase in the median remuneration of
employee in the financial year 2016-17
8%
2 Total number of employees of the
Company as on 31st March 2017 (on
standalone basis)
2552
3 Average percentile increase in the salaries
of employees excluding managerial
personnel during financial year 2016-
17 and comparison with the percentile
increase in remuneration of Executive
Director and jurisdiction thereof
Average percentile increase in the salaries of employees excluding
managerial personnel during financial year 2016-17 was 9.3%. Whereas
average increase in remuneration of Executive Directors was 12.04%.
Percentage increase in remuneration of executive directors is based on
the position of high responsibilities and is an award for the exemplary
contribution made in the growth of the business of the Company.
III. Affirmation that the remuneration is as per the remuneration policy of the Company:
Remuneration is as per the Nomination and Remuneration Policy of the Company.
For and on Behalf of Board
Ashok Kajaria
Place: New Delhi
Chairman & Managing Director
Date: 15th May, 2017
DIN: 00273877
044