Gillette_India_Limited_AR_20

Annual Report 2019-20 35 Company Overview Board's Report MD&A Corporate Governance Financial Statements Gillette India Limited VI. REMUNERATION OF DIRECTORS AND KEY MANAGERIAL PERSONNEL A. Remuneration to Managing Director and Whole-time Directors ` In Lakhs Sr. No. Particulars of Remuneration Mr. Madhusudan Gopalan* Mr. Karthik Natarajan ** Mr. Gagan Sawhney # Total 1 Gross salary (a) Salary as per provisions contained in section 17(1) of the Income- tax Act, 1961 85.43 38.01 49.87 173.31 (b) Value of perquisites u/s 17(2) Income-tax Act, 1961 0.14 20.17 1.17 21.48 (c) Profits in lieu of salary under section 17(3) Income tax Act, 1961 – – – – 2 Stock Option – – – – 3 Sweat Equity – – – – 4 Commission – – – – 5 Others – – – – Total 85.57 58.18 51.04 194.79 Ceiling as per the Act 1584.34 1584.34 1584.34 3168.67 *Mr. Madhusudan Gopalan is paid remuneration from Procter & Gamble Hygiene and Health Care Ltd and the Company contributes towards the same in proportion to its Net Outside Sales. **Mr. Natarajan received remuneration from P&G Singapore. Certain components of his remuneration have been charged 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 is paid remuneration from Procter & Gamble Home Products Private Ltd and the Company contributes towards the same in proportion to its Net Outside Sales. B. Remuneration to other Directors ` in Lakhs Particulars of Remuneration Mr. B. S. Mehta Mr. C. R. Dua Mr. G. C. Das Mr. A. K. Gupta Mr. N. P. Sarda Ms. A. C. Duggal Mr. P. Agarwal Total Amount Fee for attending Board / Committee meetings 3.20 2.85 4.25 4.25 3.20 2.90 3.50 24.15 Commission 14.00 14.00 14.00 14.00 14.00 14.00 14.00 98.00 Total 17.20 16.85 18.25 18.25 17.20 16.90 17.50 122.15 Ceiling as per the Act 316.87