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

Mr. Mitesh K. Gada, Whole-Time Director
The remuneration of our whole time director is as per the resolution passed in the General Meeting
held on September 29, 2007. The details of the same are as follows:
I) Salary
Salary Rs.1,00,000/- p.m.
II) Commission
The commission was revised vide the board meeting held on October 31, 2007 and subsequently
approved by the shareholders at the EGM held on November 16, 2007and was to be restricted to such
amount, as may be decided by the Board of Directors of the Company, after evaluating the
performance of the Company, not exceeding 1% (one per cent) of the net profits of the Company
computed in the manner prescribed under Sections 349 and 350 of the Companies Act, 1956.
III) Perquisites
In addition to salary he will be entitled to perquisites, allowances, benefits, facilities and amenities
(collectively called “perquisites”) as under, as per the policy / Rules of the Company in force or as
may be approved by the Board from time to time.
Category - A
1. Medical Benefits
Reimbursement of medical expenses for self and family in accordance with Income Tax provisions or
as per the Rules of the Company or as per the scheme of the Company.
2. Leave Travel Allowance
Leave travel concession for self and family in accordance with Income tax provisions or as per the
Rules of the Company or as per the scheme of the Company.
3. Club Fees
Fees of one Club. This will not include admission and life membership fees.
Category - B
1. Provident Fund
The Company’s Contribution to Provident Fund as per the scheme of the Company.
2. Gratuity
As per the statutory provisions of the Gratuity Act.
Category - C
1. Car and Telephone
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