Gillette_India_Limited_AR_20

Annual Report 2019-20 37 Company Overview Board's Report MD&A Corporate Governance Financial Statements Gillette India Limited i. Ratio of remuneration of each Director to the median remuneration of the employees of the Company for the Financial Year: Name of Director Designation Salary ( ` in lakhs) Commission ( ` in lakhs) Sitting Fees ( ` in lakhs) Total ( ` in lakhs) Ratio Mr. Madhusudan Gopalan* MD 85.57 - - 85.57 13.27 Mr. B. S. Mehta ID - 14.00 3.20 17.20 2.67 Mr. C. R. Dua ID - 14.00 2.85 16.85 2.61 Mr. G. Das ID - 14.00 4.25 18.25 2.83 Mr. A. K. Gupta ID - 14.00 4.25 18.25 2.83 Mr. N. P. Sarda ID - 14.00 3.20 17.20 2.67 Mr. P. Agarwal NED - 14.00 3.50 17.50 2.71 Ms. A. C. Duggal ID - 14.00 2.90 16.90 2.62 Ms. S. Dhawan NED - - - - - Mr. Karthik Natarajan** ED 58.18 - - 58.18 9.02 Mr. Gagan Sawhney*** ED 51.04 - - 51.04 7.91 MD- Managing Director ID- Independent Director NED- Non-Executive Director ED- Executive Director * Mr. Madhusudan Gopalan received remuneration from Procter & Gamble Hygiene and Health Care Limited, and the Company reimbursed towards the same in proportion to its Net Outside Sales. ** Mr. Karthik Natarajan received remuneration from P&G Singapore. Certain components of his remuneration have been changed to the Company during the Financial Year. Remuneration includes amount cross charged to Procter & Gamble Hygiene and Health Care Limited and Procter & Gamble Home Products Private Limited in terms of the common service agreement. *** Mr. Gagan Sawhney received remuneration from Procter & Gamble Home Products Private Limited, and the Company reimbursed towards the same in proportion to its Net Outside Sales. ii. % increase in remuneration of Managing Director, Chief Financial Officer and Company Secretary in the Financial Year: Name of Key Managerial Personnel Designation % increase in remuneration Mr. Madhusudan Gopalan Chief Executive Officer 26% Mr. Ghanashyam Hegde Company Secretary 12% Mr. Gagan Sawhney Chief Financial Officer and Executive Director 25% iii. The % increase in the median remuneration of employees in the Financial Year is 6.3 %. iv. The number of permanent employees on the rolls of Company is 576. v. Average percentile increase alreadymade 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: The average percentage increase made in the salaries of employees other than the managerial personnel in the financial year was 6.5% whereas the increase in managerial remuneration was 13.1%. The average increase every year is an outcome of company’s market competitiveness as against peer group companies. It is hereby affirmed that the remuneration is as per the remuneration policy of the Company. ANNEXURE IV Statement of Disclosure of Remuneration under Section 197 of Companies Act, 2013 and Rule 5(1) of Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014