Gillette_India_Limited_AR_20

Annual Report 2019-20 51 Company Overview Board's Report MD&A Corporate Governance Financial Statements Gillette India Limited Details of the remuneration to the Directors of the Company for the Financial Year ended June 30, 2020 are given below: Amount in ` lakhs Name of the Director Relationship with other Directors Salary including Bonus + PF contribution Commission Sitting Fees Shares held (Equity Shares of ` 10/- each) * Mr. Bansidhar S. Mehta None — 14.00 3.20 — Mr. Chittranjan Dua None — 14.00 2.85 — Mr. Madhusudan Gopalan None — $ — — — Mr. Gurcharan Das None — 14.00 4.25 — Mr. Anil Kumar Gupta None — 14.00 4.25 — Mr. Narendra P. Sarda None — 14.00 3.20 — Ms. Anjuly Chib Duggal None — 14.00 2.90 — Mr. Pramod Agarwal None — 14.00 3.50 100 Ms. Sonali Dhawan None — $$ — — — Mr. Karthik Natarajan None 58.18 $$$ — — — Mr. Gagan Sawhney None — $$$$ — — — *Excludes shares held by relatives. $ ` 78.32 Lakhs being Company’s contribution to remuneration of Mr. Madhusudan Gopalan has been cross charged from Procter & Gamble Hygiene and Health Care Limited in terms of the common service agreement. $$ ` 5.56 Lakhs being Company’s contribution to remuneration of Ms. Sonali Dhawan has been cross charged from Procter & Gamble Home Products Private Limited in terms of the common service agreement. $$$ Mr. Karthik Natarajan received remuneration from P&G Singapore. Certain components of the remuneration have been charged to the Company during the year. Remuneration includes amount cross charged to Procter & Gamble Hygiene and Health Care Limited and Procter & Gamble Home Products Private Limited in terms of the common service agreement. $$$$ ` 39.54 Lakhs being Company’s contribution to remuneration of Mr. Gagan Sawhney has been cross charged from Procter & Gamble Home Products Private Limited in terms of the common service agreement. Stock Options The Company does not have any Stock Option Plan for its employees. However, all employees of the Company including its Managing Director are given the right to purchase shares of the ultimate Holding Company – The Procter & Gamble Company, USA under its ‘International Stock Ownership Plan’. Certain employees of the Company are also entitled to Stock Option of the Ultimate Holding Company under its Employee Stock Option Plan. Details as regards the same are disclosed vide Note 31 forming part of the Financial Statements. (g) Committees of the Board: Audit Committee As on June 30, 2020, the Audit Committee comprised of Mr. Chittranjan Dua (Chairman), Mr. Gurcharan Das (Member), Mr. Bansidhar S. Mehta (Member), Mr. Anil Kumar Gupta (Member), Mr. Narendra P. Sarda (Member), Ms. Anjuly Chib Duggal (Member), Mr. Pramod Agarwal (Member) and Mr. Madhusudan Gopalan (Member). The Company Secretary is the Secretary of the Audit Committee. The Audit Committee met on August 22, 2019, November 5, 2019, February 13, 2020 and May 7, 2020.