20 2.4. Board meetings The Board meeting dates were normally determined well in advance. During 2021-22, the Board met four times. No. Day Date Venue 1. Friday April 23, 2021 Atul* 2. Friday August 06, 2021 Atul* 3. Friday November 19, 2021 Mumbai 4. Friday February 04, 2022 Atul* *Meetings were held through video conferencing 2.5. Attendance at the Board meetings and the AGM No. Name Board meetings AGM on August 06, 2021 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: nil » Ceased: nil » Resigned: nil 2.7. Remuneration (`) No. Name Remuneration during 2021-22 Sitting fees Salary and perquisites Commission Total Chairman 1. Wolfgang Schumann - - - - Managing Director 2. G Venugopala Rao - 36,60,493 - 36,60,493 Non-executive Directors 3. Ulrich Hambrecht - - - - 4. Gopi Kannan Thirukonda - - - - 5. Sudhir Merchant 90,000 - 3,00,000 3,90,000 6. Sujal Shah 80,000 - 3,00,000 3,80,000 Sitting fees of up to ` 10,000 per meeting constitute fees paid to the Non-executive Directors for attending the Board, Committee and other meetings as approved by the Board. Commission of up to 1% of the net profit of the Company to the Non-executive 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 a Non-executive Director.
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