KAMDHENU ISPAT LIMITED - Securities and Exchange Board of India

C. MR. SUNIL KUMAR AGARWAL
Designation Whole Time Director
Period 5 Years
Salary 50000/-
Date of Appointment 01-10-2001
Date of Shareholders Approval 29-09-2001
Sh. Sunil Kumar Agarwal will be entitled to the following perks in addition to salary as above mentioned
a) Company’s contribution towards Provident Fund wherever applicable as per the rules of the company, subject to
a ceiling of 12 % of salary as laid down in the Income Tax Rules, 1961.
b) Fees of club subject to maximum of two clubs. This will not include admission and life membership fees.
c) Provision of car and telephone at residence for the company’s business will not be treated as a perquisite.
d) Expenses incurred on medical for the appointee and the family is reimbursement subject to ceiling of Rs. 15,000/
- per annum.
e) Leave Travel Concession for the appointee and the family once in a year incurred in accordance with the rules
as prescribed by the Board of Directors of the company.
f) Expenditure by the Company on hiring unfurnished accomodation
Note: The above salary and perks are as per terms revised and approved by the shareholders in the AGM held on
29th September, 2004
D. MR. SAURABH KUMAR AGARWAL
Designation Whole Time Director
Period 5 Years
Salary 25000/-
Date of Appointment 01-10-2001
Date of Shareholders Approval 29-09-2001
Sh. Saurabh Agarwal will be entitled to the following perks in addition to salary as above mentioned
a) Company’s contribution towards Provident Fund wherever applicable as per the rules of the company, subject to
a ceiling of 12 % of salary as laid down in the Income Tax Rules, 1961.
b) Fees of club subject to maximum of two clubs. This will not include admission and life membership fees.
c) Provision of car and telephone at residence for the company’s business will not be treated as a perquisite.
d) Expenses incurred on medical for the appointee and the family, subject to ceiling of Rs. 15,000/- per annum.
e) Leave Travel Concession for the appointee and the family once in a year incurred in accordance with the rules
as prescribed by the Board of Directors of the company.
f) Expenditure by the company on hiring unfurnished accommodation
Note: The above salary and perks are as per terms revised and approved by the shareholders in the AGM held on
29th September, 2004
Sitting Fees
The Directors shall not be paid any sitting fees for attending the meeting of the Board of Directors as on date. The
payment of sitting fees in future shall be decided by Board of Directors according to the prevailing laws & regulations.
Others
The directors shall be reimbursed actual traveling expenses, hotel expenses and other expenses incurred for the
Company’s business and/or allowances as per Company’s Rules.
Corporate Governance
The provisions of the listing agreement to be entered into with the Stock Exchanges with respect to corporate
governance will be applicable to the Company immediately upon the listing of our Equity Shares on the Stock
Exchanges. Kamdhenu intends to comply with such provisions, including with respect to the appointment of independent
Directors in the Board and the constitution of the following Board committees:
The Audit Committee;
The Remuneration Committee; and
The Investors Grievances Committee
Kamdhenu undertakes to adopt the Corporate Governance Code as per Clause 49 of the Listing Agreement to be
entered into with the Stock Exchanges prior to the Listing.
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