PRIVI SPECIALITY CHEMICALS LIMITED Annual Report 2020-21

37 Annual Report 2020-21 CORPORATE OVERVIEW STATUTORY REPORTS FINANCIAL STATEMENTS Annexure - 4 Details of the ratio of remuneration of each Director to the median employee’s remuneration (i) The ratio of the remuneration of each director to the median remuneration of the employees of the Company for the financial year:- Sr. No. Name of the Director Designation Ratio of remuneration to the median remuneration of the employees 1 Mr. Mahesh P Babani Chairman and Managing Director 92.50:1 2 Mr. Bhaktavatasala Doppalapudi Rao Executive Director 38.85:1 3 Mr. P R Barpande Non-Executive – Independent Director 0.93:1 4 Mr. D T Khilnani Non-Executive – Independent Director 0.93:1 5 Mrs. Anuradha Thakur Non-Executive – Independent Director 0.93:1 6 Mr. Anurag Surana Non-Executive – Independent Director 0.93:1 7 Mr. Rajesh Budhrani Non-Executive – Independent Director 0.93:1 8 Mr. Sumit Maheshwari Nominee Director Nil (ii) The percentage increase in remuneration of each Director, CFO, CEO, Company Secretary or Manager, if any, in the financial year Sr. No. Name of the Directors / KMP % Increase over last F.Y. 1 Mr. Mahesh P Babani 38.89% 2 Mr. Bhaktavatasala Doppalapudi Rao Nil 3 Mr. Narayan S. Iyer Nil 4 Mr. Ramesh Kathuria Nil (iii) The percentage increase in the median remuneration of employees in the financial year 21.61% (iv) The number of permanent employees on the rolls of the Company 718 as on March 31, 2021. (v) Average percentile increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration and justification thereof and point out if there are any exceptional circumstances for increase in the managerial remuneration Average percentiles increase of 17% which comprises of one time Ex-gratia paid to all the employees and the Annual increase in wages of workmen and officers at Factory. We hereby confirm that the remuneration is as per the remuneration policy recommended by Nomination and Remuneration Committee of the Company and adopted by the Company. Mahesh P Babani Dwarko Topandas Khilnani Chairman & Managing Director DIN: 0051162 Chairman of Nomination and Remuneration Committee DIN: 01824655 Place: Navi Mumbai Date: May 14, 2021