PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

26 PRIVI SPECIALITY CHEMICALS LIMITED (Formerly known as Fairchem Speciality Limited) VI. INDEBTEDNESS Indebtedness of the Company including interest outstanding/accrued but not due for payment (Amount in ` ) Secured Loans excluding deposits Unsecured Loans Deposits Total Indebtedness Indebtedness at the beginning of the financial year i) Principal Amount 24,701.41 – – 24,701.41 ii) Interest due but not paid – – – – iii) Interest accrued but not due 127.66 – – 127.66 Total (i+ii+iii) 24,829.07 – – 24,829.07 Change in Indebtedness during the financial year Additions 14,000.00 – – 14,000.00 Reduction 2,207.40 – – 2,207.40 Net Change 11,792.60 – – 11,792.60 Indebtedness at the end of the financial year i) Principal Amount 36,621.67 – – 36,621.67 ii) Interest due but not paid – – – – iii) Interest accrued but not due 131.34 – – 131.34 Total (i+ii+iii) 36,753.01 – – 36,753.01 VII. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL: A. Remuneration to Managing Director, Whole time director and/or Manager: (Amount in ` ) Sl. No. Particulars of Remuneration Mahesh P. Babani Chairman & Managing Director Bhaktvatsala Doppalapudi Rao Executive Director Total 1 Gross salary 5,00,00,004 2,10,00,000 7,10,00,004 (a) Salary as per provisions contained in section 17(1) of the Income-tax Act, 1961 – – – (b) Value of perquisites u/s 17(2) of the Income-tax Act, 1961 – – – (c) Profits in lieu of salary under section 17(3) of the Income-tax Act, 1961 – – – 2 Stock Option – – – 3 Sweat Equity – – – 4 Commission - as % of profit – – – - others (specify) – – – 5 Others, please specify – – – Total (A) 5,00,00,004 2,10,00,000 7,10,00,004