Spice Mobility - Spice Global

*Mr. Parikshit Bhasin ceased to be a director of the Company w.e.f. 28 th October 2009.
**Mr. Subramanian Murali was appointed as Director in casual vacancy caused due to resignation of Mr. Parikshit Bhasin
w.e.f. 29 th October 2009.
# Mr. Parikshit Bhasin and Mr. Hanif Mohamed Dahya have sought leave of absence for not attending the Board Meetings
respectively. The Board granted them the leave of absence.
@ Private Limited Companies, Foreign Companies and Companies under Section 25 of the Companies Act, 1956 are
excluded for the above purpose.
@@ The committees considered for the purpose are those prescribed in the Listing Agreement, i.e. Audit Committee and
Shareholders/Investors’ Grievance Committee in other Public Limited Companies.
Present Board of Directors: The composition of Board of Directors of the Company was reconstituted as under at the
meeting of Directors held on 24 th April 2010.
Name of Directors Category
Dr. Bhupendra Kumar Modi Chairman
Mr. Dilip Modi Managing Director
Ms. Preeti Malhotra* Executive Director
Mr. Kashi Nath Memani Non Executive Independent Director
Mr. Krishan Lal Chugh Non Executive Independent Director
Mr. Subroto Chattopadhyay Non Executive Independent Director
*Ms. Preeti Malhotra was further appointed as Company Secretary and Compliance Offi cer of the Company w.e.f. 15th May
2010.
Note: Mr. Kunal Ahooja, Mr. Radha Krishna Pandey, Mr. Ram Nath Bansal & Mr. Vivek Bali has resigned from the Board
w.e.f. 23rd April 2010 respectively and Mr. Hanif Mohamed Dahya & Mr. Subramanian Murali has resigned from the Board
w.e.f. 24th April 2010.
c) Information supplied to the Board
3.
During the year, all the relevant information required to be placed before the Board of Directors as per Clause 49 of the
Listing Agreement are considered and taken on record / approved by the Board. Further, the Board periodically reviews
Compliance Reports in respect of laws and regulations applicable to the Company.
DIRECTORS’ REMUNERATION
Remuneration / Sitting fee paid to Director(s) during the year ended 31st March 2010 is given below:
a) Executive Director (Amount in Rs.’000)
Name of Director Salary Contribution to
Provident fund
Perquisites
(at actual)
Total Salary
Mr. Kunal Ahooja 16,140 360 - 16,500
The above details exclude the provision for gratuity and leave encashment, as the same is calculated for the Company as a
whole.
The appointment of Mr. Ahooja is contractual and is terminable by the Company by giving 3 months' notice or salary in lieu
thereof. No severance fees is payable. There are no stock options issued to the Whole Time Director.
b) Non-Executive Directors (Amount in Rs.’000)
Name of Directors Sitting Fee*
Mr. Radha Krishna Pandey 155
Mr. Ram Nath Bansal 75
Mr. Krishan Lal Chugh 40
Total 270
* Amount paid for attending the Board meeting(s), Audit Committee meeting(s), Remuneration Committee meeting(s) and
Investors’ Grievance / Share Transfer Committee meeting(s) held during the year.
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