Statement of Disclosure of Remuneration under Section 197 of the Companies Act 2013 and
Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules,
2014
I. Ratio of remuneration of each Executive Director to the median remuneration of Employees of the Company for
the financial year 2015-16, the percentage increase in remuneration of Chairman & Mg. Director, Joint Managing
Directors, Executive Directors, Company Secretary and CFO during the financial year 2015-16 and Comparison on the
Remuneration of KMP against performance of the Company
II.
Note:
a) The Non-Executive Directors of the Company are entitled for sitting fees. The detail of remuneration of Non-Executive Directors
is provided in Corporate Governance Report and is governed by the Remuneration Policy, as stated herein below. The ratio of
remuneration and percentage increase for non-executive directors remuneration is therefore not considered for the purpose
above.
Annexure -
4
Sl.
No.
Name of Director / KMP
Designation
Ratio of Remuneration
of each director to
median remuneration
of employees
Percentage
increase in
Remuneration
Comparison on the
Remuneration of KMP
against performance
of the Company
1 Mr. Ashok Kajaria
Chairman & Mg. Director
102:1
13%
The Company’s
Revenue has increased
by 10 % and PAT has
increase by 40% on
year to year basis
2 Mr. Chetan Kajaria
Joint Managing Director
193:1
31%
3 Mr. Rishi Kajaria
(DIN :00228455)
Joint Managing Director
193:1
31%
4 Mr. Dev Datt Rishi
(DIN : 00312882)
Director –technical
24:1
8%
5 Mr. Basant Kumar Sinha
(DIN: 03099241)
Director –technical
17:1
12%
6 Mr. Ram Chandra Rawat
(FCS 5101)
Executive V.P.(A&T) &
Company Secretary
33:1
8%
7 Mr. Sanjeev Agarwal
CFO
32:1
11%
Sl.
No.
Particulars
Details
1 % increase in the median remuneration of employee in
the financial year.
11%
2 Total number of employees of the Company as on 31st
March 2016
2391
3 Explanation on the relationship between average increase
in remuneration and Company performance
The Average increase in remuneration of employees excluding
Executive Directors During the Financial Year was 9%.The
revenue growth during the financial year 2016 over the
financial year 2015 was 10% and net profit growth was 40%.
58
l
KAJARIA CERAMICS LIMITED
(DIN: 00273877)
(DIN: 00273928)
