TO THE MEMBERS OF THE COMPANY
Disclosure under Section 302 of the Companies Act, 1956
Abstract of variation in the terms of remuneration of Mr. Durgesh Mehta, Joint ManagingDirector of the Company.
The shareholders at the Annual General Meeting (AGM) held on 11th August,2010 had approved the appointment of Mr. Durgesh Mehta as the Joint Managing Director ofthe Company for a period of five years with effect from 1st April, 2010 on suchterms and conditions as the Board may consider appropriate.
The Board of Directors of the Company ("the Board") at its meeting held on 28thMay, 2013 approved on the recommendation of the Remuneration/ Compensation Committee,modification in the terms of remuneration of Mr. Durgesh Mehta, Joint Managing Director ofthe Company with effect from 1st April, 2012, for the residual period of histerms of appointment, as follows:
Basic Salary upto a maximum of Rs. 16,00,000/- per month.
Benefits, perquisites and allowances as may be determined by the Remuneration /Compensation Committee or the Board of Directors from time to time, or as may beapplicable in accordance with the rules and policies of the Company, upto a maximum of Rs.16,00,000/- per month.
Other Terms and Conditions of appointment as approved at the AGM held on 11thAugust, 2010 and recorded in the agreement dated 12th August, 2010 entered intobetween the Company and Mr. Durgesh Mehta shall remain unchanged.
Mr. Durgesh Mehta is interested individually insofar as the same relates to variationin his remuneration.
| ||By Order of the Board of Directors, |
| ||For THE BOMBAY DYEING & MFG. CO. LTD. |
| ||J. C. BHAM |
| ||Company Secretary |
|Mumbai, 2nd July, 2013. || |
|Registered Office: || |
|Neville House, J. N. Heredia Marg, || |
|Ballard Estate, Mumbai 400 001 || |
|Phone: 66620000 || |