As on: Dec 01, 2025 01:52 PM
Information as per Section 197(12) of the Companies Act, 2013 and read with Rule 5 of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 (Rules), forming part of the Directors' Report for the year ended 31st March 2025 DETAIL OF TOP TEN EMPLOYEES INCLUDING CONTRACTUAL AND WHOLE TIME DIRECTORS ON THE BASIS OF REMUNERATION (a) Employed for whole of FY 2024-25
Sl. No. Name
1. S K Bajoria*
2. J L McIntosh*
3. Arasu Shanmugam*
4. R Agarwal*
5. Navin Kumar Das
6. Dr N K Mishra
7. S Chandra
8. S Mattoo
9. M Chatterjee
10. A Bajoria
@ Represents shares held by self, spouse and dependent children.
* Key Managerial Personnel (KMP) within meaning of Section 2(51) of the Act.
** Has tendered resignation from the office of Managing Director with effect from end of August, 2025 and at Board Meeting of the Company held on 27th February 2025 same has been accepted.
*** Excluding _ 681.82 lakhs paid from Company's Wholly Owned Subsidiary.
(b) Employed for part of FY 2024-25
1. H Sehgal
2. S Yadav*
*Mr S Yadav has ceased to be Chief Financial Officer on and from 12th September 2024.
Notes :
(1) Nature of employment is contractual with usual terms and conditions as per Company's Rules.
(2) Remuneration includes Salary, Commission, Allowances, wherever applicable Company's contribution to Retirement Funds etc. and monetary value of Perquisites all evaluated as per extant provisions of Income Tax Act, 1961 and Rules framed thereunder excluding perquisite on account of Motor Car.
(3) KMP's are not related to each other or other Employees or their Relatives. (4) Rule 5(2)(iii) of Rules is not applicable to any of Employees mentioned above.
(i) Ratio of the Remuneration of each Director/Key Managerial Personnel to the Median Remuneration of all the Employees of the Company for FY 2024-25
Median Remuneration of all Employees of the Company for FY 2024-25
Percentage Increase/(Decrease) in the Median Remuneration of Employees as compared to last FY
Number of Permanent Employees on rolls of the Company as on 31st March 2025
Average Percentage Increase in Salaries of • Employees other than the Managerial Personnel
• Managerial Personnel (KMP)
Name of Director/KMP
Independent Directors *
Key Managerial Personnel
# Overall number of Employees has increased hence not comparable with that of Previous Year 2024-25.
## Reduction in Total KMP Salary due to decrease in Commission Payment to Executive Chairman.
* Only Sitting Fees paid.
@ Excluding Remuneration of _ 681.82 lakhs paid from Company's Wholly Owned Subsidiary.
@@ Mr S Yadav was appointed as Chief Financial Officer on and from 3rd June 2024 and ceased to be Chief Financial Officer and consequently KMP on and from 12th September 2024. Prior thereto, Mr Amit Agarwal held office of Chief Financial Officer of the Company. Mr Amit Agarwal was again appointed as Chief Financial Officer of the Company on and from 9th November 2024.
(1) Remuneration paid is in accordance with Company's Remuneration Policy.
(2) Remuneration means Gross Salary paid for the period 1st April 2024 to 31st March 2025 or part thereof.