ANNEXURE-III
1. Details pertaining to remuneration as required under Section 197(12) of the
Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014:
i. The ratio of the remuneration of each Director to the Median Remuneration of the
Employees of the Company for the Financial Year 2017-18- NIL
ii. The percentage increase in remuneration of each Director, Chief Financial Officer,
Chief Executive Officer, Company Secretary or Manager, if any, in the Financial Year
(Rs. In Lacs)
| Sr. No. |
Name of Director / KMP and its Designation |
Remuneration to the Director / KMP for the Financial Year 2017-18 |
Percentage increase / decrease in remuneration in the Financial Year 2017-18 |
Ratio of Remuneration of each Director to the Median Remuneration of Employees |
| 1 |
Mr. Dharm S. Patel Director |
Nil |
Nil |
Nil |
| 2 |
Mrs. Bhavna N. Ayer Independent Director |
Nil |
Nil |
Nil |
| 3 |
Mr. Hitesh Aahir Independent Director |
Nil |
Nil |
Nil |
| 4 |
Paresh P. Joshi Executive Director |
Nil |
Nil |
Nil |
2. There were no employees covered under rule 5(2) of the Companies (Appointment
and Remuneration) Rules, 2014.
| Place: Ahmedabad |
For and on behalf of the Board |
|
| Date: 14th August, 2018 |
SD/- |
SD/- |
|
Dharm S. Patel |
Bhavna N. Ayer |
|
Managing Director |
Director |
|
DIN:07464810 |
DIN:02013477 |