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. Statement of particulars as per Rule 5 of the Companies (Appointment and Remuneration of Managerial personnel) Rules, 2014. The remuneration and perquisites provided to the employees and Management are at par with the industry levels. The remunerations paid to Whole-time Directors and Senior Executives are reviewed and recommended by the Nomination and Remuneration Committee i. The ratio of the remuneration of each Director to the median remuneration of the employees of the Company for the financial year Sl No Name of the director Title Ratio of remuneration to MRE Sitting Fees 1 Mr. A V Girijakumar# Non-Executive Independent Director 1.42:1 2 Mr. N Sri Vishnu Raju* Non-Executive Independent Director 1.45:1 3 Mr. Rajesh Thakur Ahuja Non-Executive Independent Director 3.09:1 4 Mrs. Aparna Surabhi Non-Executive Independent Director 2.76:1 5 Mr. M. P. Vijay Kumar Non-Executive Independent Director 2.54:1 6 Dr V Nagaraja Naidu Non-Executive Director 2.04:1 Remuneration 7 Mrs. N. Bhuvaneswari Vice Chairperson & Managing Director 282.17:1 8 Mrs N Brahmani Executive Director 225.75:1 MRE: Median Remuneration of Employees # Mr. A V Girijakumar has been appointed as a Non-Executive Independent director w.e.f. 01.06.2023. * Mr. N. Srivishnu Raju ceased to be an Independent Director being completion of his second and final term w.e.f. 21.10.2023 Note: Sl No 1 to 6 are related to sitting fees paid to Non-Executive Director Sl No. 7 & 8 Remuneration includes monthly salary, perquisites and annual/performance pay ii. The percentage increase in remuneration of each Director, Chief Financial Officer, Chief Executive Officer, Company Secretary or Manager in the financial year Sl No Name of the director Title % Increase/ (Decrease) in Remuneration Sitting Fee^ 1 Mr. A V Girijakumar# Non-Executive Independent Director - 2 Mr. N Sri Vishnu Raju* Non-Executive Independent Director (49.37) 3 Mr. Rajesh Thakur Ahuja Non-Executive Independent Director 23.19 4 Mrs. Aparna Surabhi Non-Executive Independent Director (13.64) 5 Mr. M. P. Vijay Kumar Non-Executive Independent Director (11.39) 6 Dr V Nagaraja Naidu Non-Executive Director (17.65) Remuneration$ 7 Mrs. N. Bhuvaneswari Vice Chairperson & Managing Director 62.05 8 Mrs N Brahmani Executive Director 62.05 9 Dr. M Sambasiva Rao President 29.62 10 Mr. Srideep N Kesavan CEO 8.69 11 Mr. A. Prabhakara Naidu CFO 11.75 12 Mr. Umakanta Barik CS 16.06 # Mr. A V Girijakumar has been appointed as a Non-Executive Independent director w.e.f. 01.06.2023. * Mr. N. Srivishnu Raju ceased to be an Independent Director being completion of his second and final term w.e.f. 21.10.2023 $ Remuneration includes monthly salary, perquisites and annual/performance pay Board's Report STRATEGIC REVIEW STATUTORY REPORT FINANCIAL STATEMENTS 78 32ND ANNUAL REPORT 2023-24 | HERITAGE FOODS LTD
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