2.5 Attendance at the Board meetings and the AGM No. Name Board Meetings AGM on August 11, 2017 Total Attended 1 Wolfgang Schumann 4 4* Present 2 G Venugopala Rao 4 4 Present 3 Ulrich Hambrecht 4 4* Present 4 Gopi Kannan Thirukonda 4 4 Present 5 Sudhir Merchant 4 4 Present 6 Sujal Shah 4 4 Present *1 Board meeting was attended through video conference. 2.6 Appointment | Cessation » Appointed: nil » Ceased: nil » Resigned: nil 2.7 Remuneration No. Name Remuneration during 2017-18 Sitting fees Salary and Commission Total perquisites Chairman 1 Wolfgang Schumann - - - - Managing Director 2 G Venugopala Rao - 24,27,188 - 24,27,188 Non-executive Directors 3 Ulrich Hambrecht - - - - 4 Gopi Kannan Thirukonda - - - - 5 Sudhir Merchant 90,000 - 2,00,000 2,90,000 6 Sujal Shah 80,000 - 2,00,000 2,80,000 (`) Commission up to 1% of the net profit of the Company to the Independent Directors was approved by the Members of the Company at the AGM held on July 18, 2014 for a period of 5 years effective April 01, 2014. The Board approves, within the aforesaid limit, commission payable to each Independent Director. 21 Sitting fees of up to ` 10,000 per meeting constitute fees paid to the Independent Directors for attending the Board, Committee and other meetings.
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