sejal architectural glass limited - Securities and Exchange Board of ...

If the Company has no profits or its profits are inadequate in any financial year, the remuneration
determined as payable by the Board, within the aforesaid limits, shall become the minimum
remuneration payable to the said Director, subject however, to the approval of the Central
Government and shareholders or any other relevant authority/(ies), if any.
The Company do execute an Agreement with the said Mr. Amrut S. Gada, Chairman and Managing
Director of the Company.
Mr. Dhiraj S. Gada, Joint Managing Director
The remuneration of our Joint Managing Director is as per the resolution passed in the Annual
General Meeting held on September 29, 2007. The details of the same are as follows:
I) Salary
Salary Rs.1,25,000/- p.m.
II) Perquisites
In addition to salary he will be entitled to perquisites, allowances, benefits, facilities and amenities
(collectively called “perquisites”), as per the policy / Rules of the Company in force or as may be
approved by the Board from time to time.
III) Car and Telephone
Payment for car expenses for use of personal car for business and payment of telephone bills at
residence will not be considered as perquisites. Personal long distance calls on telephone shall be
billed by the Company.
Provided however, if the Company has no profits or its profits are inadequate in any financial year,
the remuneration determined as payable by the Board, within the aforesaid limits, shall become the
minimum remuneration payable to the said Director, subject however, to the approval of the Central
Government and shareholders or any other relevant authority/(ies), if any.
The Company do execute an Agreement with the said Mr. Dhiraj S. Gada, Joint Managing Director of
the Company.
The total remuneration including perquisites shall not exceed the limits specified in Schedule XIII to
the Companies Act, 1956.
132