FOR THE YEAR ENDED 31ST MARCH 2019
INFORMATION PURSUANT TO SECTION 197(12) READ WITH RULE 5 OF THE COMPANIES(APPOINTMENTAND REMUNERATION OF MANAGERIAL PERSONNEL) RULES 2014
c The ratio of the remuneration of the each director to the median remuneration of theemployees of the company for the financial year.
|S.No ||Name of the Director ||Ratio of the remuneration to the median remuneration of the employees |
|1 ||Balarama Govinda Das ||46:1 |
|2 ||Ba. Ramesh ||46:1 |
|3 ||N.B.Kumar ||46:1 |
c The percentage increase in the remuneration of each Director Chief FinancialOfficer Chief Executive Officer Company Secretary or Manager in the financial year.
|S.No ||Name of the Director ||Percentage Increase in the remuneration |
|1 ||Balarama Govinda Das ||20% |
|2 ||Ba. Ramesh ||20% |
|3 ||N.B.Kumar ||20% |
|4 ||CS.V. Vijayaraghavan - Company Secretary ||Nil |
|5 ||B. Rajeshkanna - Chief Financial Officer ||Nil |
C The percentage increase in the median of remuneration of employees in the financialyear. - 15%
C The number of permanent employees on the rolls of Company - 1361
C The explanation on the relationship between average increase in remuneration andCompany Performance - During the year company achieved profit of Rs. 3025 lakhs asagainst net profit after tax of Rs. 2274 lakhs in the previous year. A registered growthof bottom line by 33% as against in which the directors of the Company increased theirremuneration by 20%.
C Comparison of the remuneration of the Key Managerial Personnel against theperformance of the Company.
|Name of the Director ||Designation ||Remuneration of Key Managerial Personnel ' in lakhs ||Performance of the Company for the year ended 31st March 2019 |
|Balarama Govinda Das ||Managing Director ||72.00 || |
During the year company achieved profit of Rs. 3025 lakhs after tax as against net profit after tax of Rs. 2274 lakhs in the previous year.
|Ba. Ramesh ||Joint Managing Director ||72.00 |
|N.B.Kumar ||Joint Managing Director ||72.00 |
|CS.V. Vijayaraghavan ||Company Secretary ||15.50 |
|B. Rajeshkanna ||Chief Financial Officer ||28.80 |
C Variations in the market capitalization of the company price earnings ratio as atthe closing date of the current financial year and previous financial year and percentageincrease over decrease in the market quotations of the shares of the company in comparisonto the rate at which the company came out with the last public offer.
|S.No ||Name of the Director ||As at 31st March 2019 ||As at 31st March 2018 ||% performance |
|1 ||Market Price in ' ||333.35 ||488.10 || |
|2 ||Market Capitalization in ' lakhs ||45711 ||66965 ||32% decrease |
|3 ||EPS ||22.05 ||16.58 || |
|4 ||Price Earnings Ratio ||15.10 ||29.44 || |
Percentage increase over the last public offer price is not relevant and appropriate asthere has never been any public offer by the Company in the last Nine years.
c Average percentile increase already made in the salaries of employees other than themanagerial personnel in the last financial year and its comparison with the percentileincrease in the managerial remuneration and justification thereof and point out if thereare any exceptional circumstances for increase in the managerial remuneration.
Average increase in the remuneration of all employees excluding KMPs: 15%
Average increase in the remuneration of KMPs: 20%
Justification: KMP salary increases are decided based on the Company'sperformance Individual performance inflation prevailing
industry trends and benchmarks.
c Comparison of the remuneration of each of the Key Managerial Personnel against theperformance of the Company.
Each KMP is granted salary based on his qualification experience nature of jobindustry benchmark earlier salary and many other factors comparison of one against theother is not feasible. Performance of the Company has been quite satisfactory this year.
The Key parameters for any variable components of remuneration availed by thedirectors - Nil
The ratio of the remuneration of the highest paid director to that of theemployees who are not directors but receive remuneration in excess of the highest paiddirector during the year - Nil
We affirm that the remuneration is as per the remuneration policy of the Company-Yes
ANNEXURE TO DIRECTORS REPORT FORTHEYEAR ENDED 31ST MARCH 2019
c Statement u/s.197 (12) of the Companies Act 2013 read with the Companies(Appointment and remuneration of Managerial Personnel) rules 2014 and forming part of theDirectors report for the year ended 31st March 2019.
a Employed throughout the year and were in receipt of remuneration at the rate of notless than Rs. 60.00 lakhs per annum.
|Name of the employee ||Date of Joining ||Designation ||Qualification ||Age ||Experience |
|Remuneration ' in lakhs ||Last |
|Balarama Govinda Das ||03.05.2001 ||Managing Director ||B.Com ||62 ||38 ||72.00 ||Promoter Director |
|Ba.Ramesh ||03.05.2001 ||Jt. Managing Director ||SSLC ||57 ||26 ||72.00 ||Promoter Director |
|N.B.Kumar ||03.05.2001 ||Jt. Managing Director ||SSLC ||51 ||20 ||72.00 ||Promoter Director |
a Employed for part of the year and were in receipt of remuneration at the rate of notless than Rs. 5.00 lakhs per month : None Notes:
v Remuneration shown above includes Salary House Rent Allowance Companiescontribution to provident fund LTA and other perquisites.
v Nature of Employment is contractual.
v The above Directors are related to each other as brothers.
On behalf of the Board of Directors
Balarama Govinda Das