APR Constructions Limited - Saffron Capital

Terms of appointment and compensation of Mr. Pulagam Harikrishna, Managing Director is as follows:
The remuneration of Mr. Pulagam Harikrishna has been increased to `48 lakhs per annum with effect from October
01, 2009 vide the resolution passed at the Extraordinary General Meeting of the Shareholders dated November 02,
2009.
Sr. No. Particulars Remarks
1. Date of shareholders November 02, 2009
resolution (EGM)
2. Consolidated Salary `4.00 Lakh p.m. (all inclusive)
3. Perquisites Reimbursement of actual entertainment, travelling, boarding and lodging
expenses incurred by him in connection with the Company‟s business and such
other benefits/ amenities and other privileges if any from time to time available
to other Sr. Executives of the Company.Other perquisites, which shall not be
included in the compensation of the ceiling of Managerial Remuneration:
a) Contribution to provident fund, superannuation fund or annuity fund to the
extent these either taken singly or put together are not taxable under Income tax
Act, 1961.
b) Gratuity payable at a rate not exceeding half a months salary for each
completed year of service, and
c) Encashment of leave at the end of the tenure.
4. Term of appointment 3 years
5. Effective date of
appointment
October 01, 2009
Terms of appointment and compensation of Mr. Gunapati Murali Krishna Reddy, Wholetime Director is as
follows:
The remuneration of Mr. Gunapati Murali Krishna Reddy has been increased to `24 lakhs per annum with effect from
October 01, 2009 vide the resolution passed at the Extraordinary General Meeting of the Shareholders dated
November 02, 2009.
Sr. Particulars
Remarks
No.
1. Date of shareholders November 02, 2009
resolution
2. Consolidated Salary `2,00,000/- per month (all inclusive)
3 Perquisites Reimbursement of actual entertainment, travelling, boarding and lodging
expenses incurred by him in connection with the Company‟s business and such
other benefits/ amenities and other privileges if any from time to time available
to other Sr. Executives of the Company.
Other perquisites, which shall not be included in the compensation of the
ceiling of Managerial Remuneration:
a) Contribution to provident fund, superannuation fund or annuity fund to the
extent these either taken singly or put together are not taxable under Income tax
Act, 1961.
b) Gratuity payable at a rate not exceeding half a months salary for each
completed year of service and
c) Encashment of leave at the end of the tenure.
4. Term of appointment 3 years
5. Effective date of
appointment
October 01, 2009
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