| Committees - Remuneration Committees |
| The Remuneration committee is constituted of three Independent Directors. One meeting of the Committee has been held during the financial year 2010 - 2011 |
| Name of Members |
Category |
Meeting Attended |
Mr. Parag Sakalikar
Mr. Dilip Ghanekar
Mr. K.G. Holkar
Mr. Sajid Ali |
Chairman
Member
Member
Member |
1
-
1
- |
|
Remuneration Policy
The Board of Directors has constituted the Remuneration Committee for the Company, to recommend the Board in respect of revision and fixation of remuneration of the Executive Directors of the Board and also to recommend the Board on matters related therewith or incidental thereto.
The Remuneration Committee while recommending revision in the remuneration, takes into account the profitability of the Company, applicable provisions of the Companies Act, 1956, contribution of that particular Director towards the Company and other matters related therewith or incidental there to. |
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