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

extent of remuneration and/or reimbursement of expenses payable to them in accordance with the
provisions of the Companies Act and in terms of the Articles.
The Directors may also be regarded as interested in the shares, if any, held by them or that may be
subscribed by and allotted/transferred to the companies, firms and trusts and other entities in which
they are interested as Directors, members, partners and/or trustees or otherwise as also any
benefits, monetary or otherwise derived there from. All Directors may be deemed to be interested in
the contracts, agreements/arrangements entered into or to be entered into by our Company with any
Company in which they hold Directorships or any partnership firm in which they are partners as
declared in their respective declarations.
Interest as to Property
Except as stated otherwise in this Draft Red Herring Prospectus, the directors have not entered into
any contract, agreements or arrangements during the preceding two years from the date of the Draft
Red Herring Prospectus in which the directors are directly or indirectly interested and no payments
have been made to them in respect of these contracts, agreements or arrangements which are
proposed to be made to them.
Directors Remuneration (including sitting fees) for the year ended March 31, 2007
No sitting fees have been paid to any director. For details of payments or benefits paid to our
executive directors, please refer to paragraph ‘Compensation to Managing Directors/Wholetime
Directors’ in the section titled “Our Management” beginning on page [•] of this Draft Red Herring
Prospectus.
Changes in the Board of Directors during the last three years
The following changes have taken place in the Board of Directors of our Company during the last
three years:
Sr. No Name of the Director Date of Change Reason for Change
1. Mr. Kanji V. Gada September 30, 2005 Appointment as a Vice Chairman for
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three years
2. Mr. Dhiraj S. Gada
Appointment as Joint Managing
September 30, 2005 Director for three years
3. Mr. R. Subramanian September 30, 2005 Appointed as Whole Time Director
with Designation Director (
Operations ) for one year
4. Mr. Ashish D. Karia March 2, 2006 Appointed as Additional Director of
the Company
5. Mr. Amrut S. Gada April 1, 2006 Re-appointment as Managing
Director for five years
6. Mr R. Subramanian September 30, 2006 Appointed as Whole Time Director
with Designation Director (
Operations ) for one year
7. Mr. Atul S. Bharani July 3, 2007 Appointment as Additional Director
8. Mr R. Subramanian October 1, 2007 Appointed as Whole Time Director
with Designation Director (
Operations ) for two years
9. Mr. Mitesh K. Gada October 1, 2007 Appointment as Whole time Director
for 5 Years
10. Mr. Ashish D. Karia October 1, 2007 Appointment as Whole time Director
for 5 Years