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Shaping the future of software driven business
Report on Corporate Governance •
141
Name of the Director
Category
Year ended
March 31
Salary and
Allowance
Commission* Sitting
fees*
Others**
Total
Dr. Anant Jhingran
Independent
Director
2019
N.A
1.700 0.275
N.A 1.975
2018
N.A
0.574 0.075
N.A 0.649
Mr. Thomas Kendra
Non-Executive
Non-Independent
Director
2019
N.A
1.700 0.325
23.07 25.095
2018
N.A
1.600 0.500
10.68 12.780
Prof. Deepak Phatak
Independent
Director
2019
N.A
1.604 0.350
N.A 1.954
2018
N.A
-
-
-
-
Mr. Prakash Telang
Independent
Director
2019
N.A
1.700 0.775
N.A 2.475
2018
N.A
1.600
0.600
N.A
2.200
Mr. Kiran Umrootkar
Independent
Director
2019
N.A
1.700 1.100
N.A 2.800
2018
N.A
1.600
0.650
N.A
2.250
Total
2019
N.A
15.102 5.395 23.07 43.567
2018
N.A
10.174 3.900
10.68 24.754
^ Overall Ceiling as per the Act and Remuneration Policy of the Company: INR 44.36 Million (being 1% of net profit of the
Company calculated as per Section 198 of the Companies Act, 2013)
* Commission and Sitting fees are excluding service tax/Goods and service tax.
** The Company has an arrangement with Mr. Thomas Kendra, Non-Executive Non Independent Director through his concern,
Ms. Azure Associates, LLC since April 1, 2017.
Travel or stay arrangements have been provided mainly to the outstationed directors, for travel and/or stay expenses for
attending Board and Committee Meetings.
All the Non-Executive Directors are entitled to payment of commission at a sum not exceeding 1% per annum of net profits.
Few Independent Directors have been granted Stock Options before April 1, 2014. However, no Independent Director has excised
any option during the year under report.
Table 12 gives the following details:
•
Details of stock options granted to Independent Directors and stock options granted and vested but not exercised as on
March 31, 2019. (Refer Table 12A)
•
Details of shares held by Independent Directors as on March 31, 2019. (Refer Table 12B)
Table 12A: Stock Options granted to Independent Directors and Non-Executive Non-Independent Director, which are
vested but not exercised as on March 31, 2019:
Name of the Director
Year ended
March 31,
Scheme under which
options are granted
Number of stock
options granted
Stock options vested but
not exercised
Ms. Roshini Bakshi*
2019
ESOP X
NIL
NIL
2018
ESOP X
NIL
NIL
Mr. Pradeep Bhargava
2019
ESOP X
NIL
NIL
2018
ESOP X
NIL
NIL
Mr. Sanjay Bhattacharyya
2019
ESOP X
NIL
NIL
2018
ESOP X
NIL
NIL
Mr. Guy Eiferman*
2019
ESOP X
NIL
NIL
2018
ESOP X
NIL
NIL
Dr. Anant Jhingran*
2019
ESOP X
NIL
NIL
2018
ESOP X
NIL
NIL
Mr. Thomas (Tom) Kendra*
2019
ESOP X
NIL
NIL
2018
ESOP X
NIL
NIL
Prof. Deepak Phatak*
2019
ESOP X
NIL
NIL
2018
ESOP X
NIL
NIL
Mr. Prakash Telang
2019
ESOP X
NIL
NIL
2018
ESOP X
NIL
NIL