20 2.4 Board meetings The Board meeting dates were normally determined well in advance. During 2020-21, the Board met four times. No. Day Date Venue* 1. Tuesday April 24, 2020 Atul 2. Friday August 07, 2020 Atul 3. Friday November 06, 2020 Atul 4. Friday February 19, 2021 Atul *All meetings were held through video conference. 2.5 Attendance at the Board meetings and the AGM No. Name Board meetings AGM on August 07, 2020 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 2.6 Appointment | Cessation » Appointed: G Venugopala Rao was reappointed as the Managing Director effective August 18, 2021. » Ceased: nil » Resigned: nil 2.7 Remuneration (`) No. Name Remuneration during 2020-21 Sitting fees Salary and perquisites Commission Total Chairman 1. Wolfgang Schumann - - - - Managing Director 2. G Venugopala Rao - 42,81,947 - 42,81,947 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 Sitting fees of up to ` 10,000 per meeting constitute fees paid to the Independent Directors for attending the Board, Committee and other meetings. 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 August 03, 2018, for a period of five years effective April 01, 2019. The Board approves, within the aforesaid limit, commission payable to each Independent Director.
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