18 2.4. Board meetings The Board meeting dates were normally determined well in advance. During 2022-23, the Board met four times. No. Day Date Venue 1. Friday April 22, 2022 Atul 2. Friday August 19, 2022 Atul 3. Friday November 11, 2022 Mumbai 4. Friday February 10, 2023 Atul 2.5. Attendance at the Board meetings and the AGM No. Name Board meetings AGM on August 19, 2022 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 3 - 6. Sujal Shah 4 4 Present 2.6. Appointment | Cessation » Appointed: Dr G Venugopala Rao was reappointed as the Managing Director from March 14, 2023, to September 30, 2023. » Ceased: nil » Resigned: nil 2.7. Remuneration (`) No. Name Remuneration during the year Sitting fees Salary and perquisites Commission Total Chairman 1. Wolfgang Schumann - - - - Managing Director 2. G Venugopala Rao - 39,33,565 - 39,33,565 Non-executive Directors 3. Ulrich Hambrecht - - - - 4. Gopi Kannan Thirukonda - - - - 5. Sudhir Merchant 70,000 - 1,50,000 2,20,000 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 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, the commission payable to a Non-executive Director.
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