Heritage Foods Limited | 30th Annual Report 2021-22

30 th Annual Report 2021-22 Heritage Foods Limited 74 Annexure-2 (A & B) PARTICULARS OF EMPLOYEE (As per Sub-section (12) of section 197 of the Act and rules made thereof as amended from time to time) A. Information as per Rule 5(1) of Chapter XIII, Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 i. Remuneration paid to whole-time directors Name of the director Title Remuneration in FY 2021-22 ( ` in Million)* Remuneration in FY 2020-21 ( ` in Million)* % increase of remuneration in FY 2021 -22 as compared to FY 2020-21 Ratio of remuneration to MRE Mrs. N. Bhuvaneswari Vice Chairperson & Managing Director 76.93 110.80 (30.57) 398.29 Mrs. N. Brahmani Executive Director 61.54 88.64 (30.57) 318.61 MRE: Median Remuneration of Employees * Remuneration including monthly salary, Perquisite & Performance/Annual Pay Note: Mrs. N Bhuvaneswari, Director and Mrs. N Brahmani, Managing Director of the wholly owned subsidiary Company viz. M/s. Heritage Nutrivet Limited, except sitting fee of ` 0.08 million & ` 0.01 million respectively for attending the Board meeting of the wholly owned subsidiary Company they have not received any other remuneration for the FY 2021-22. The Whole-Time Directors of the Company are being paid monthly remuneration and Annual/Performance Pay as per the terms of appointment approved by the members at their meeting held on March 12, 2019 by way of postal Ballot. ii. Remuneration/Sitting Fee paid to Non-Executive Directors Name of the director Sitting Fee in FY 2021-22 ( ` in Million) Sitting Fee in FY 2020-21 ( ` in Million) % increase /(decrease) of Sitting Fee in FY 2021-22 as compared to FY 2020-21 Ratio of Sitting Fee to MRE Mr. N Srivishnu Raju 0.53 0.68 (23.5) 2.74 Mr. Rajesh Thakur Ahuja 0.56 0.59 (6.78) 2.90 Mrs. Aparna Surabhi 0.56 0.60 (8.33) 2.90 Mr. MP Vijay Kumar* 0.15 - - 0.78 Dr V Nagaraja Naidu 0.39 0.51 (23.5) 2.02 * Mr. M.P Vijay Kumar appointed as Non-Executive Independent Director of the Company w.e.f. November 01, 2021. The above Directors are not paid any commission except the sitting fees for attending the Board and Committee meetings. iii. Remuneration of other Key Managerial Personnel (KMP) Name of the KMP Designation Remuneration* in FY 2021-22 ( ` in Million) Remuneration in FY 2020-21 ( ` in Million) % increase of remuneration in FY 2021-22 as compared to FY 2020-21 Ratio of Remuneration to MRE Dr. M Sambasiva Rao President 27.65 34.96 (20.91) 143.15 Mr. Srideep Madhavan Nair Kesavan # CEO 10.19 - - 52.76 Mr. A. Prabhakara Naidu CFO 7.96 6.24 27.56 41.21 Mr. Umakanta Barik CS 3.81 3.10 22.90 19.73 # Mr. Srideep Madhavan Nair Kesavan appointed as Chief Executive Officer the Company w.e.f 28-07-2021 * Remuneration including monthly Salary, Variable Pay, Perks & Performance Incentive