Name: Daksh Nagpal

Teacher: Prof. Jaslene Bawa

Course: ACCT201 - Accounting for Managers

Date: 01/10/2021

ASSIGNMENT 1 – BOARD COMPOSITION

Name of Company: Atul Auto Limited

Link to annual report:

https://www.castrol.com/content/dam/castrol/country-sites/en_in/india/castrol-india-limited-ar-
2020.pdf

1) How many directors are there for your respective company?

There are 9 directors for Castrol India. They consist of 4 Independent Directors, 3 Nominee
Directors, 1 Managing Director and 1 CFO.
 R Gopalakrishnan – Independent Director
 Uday Khanna – Independent Director
 Sangeeta Talwar – Independent Director
 Rakesh Makhija – Independent Director
 Sashi Mukundan – Nominee Director
 A S Ramchander - Nominee Director
 Udayan Sen - Nominee Director
 Sandeep Sangwan – Managing Director
 Deepesh Baxi – Chief Financial Officer and Wholetime Director

(Pdf page number: 2)

2) How many independent directors are there?

There are 4 Independent Directors - Mr. R Gopalakrishnan, Mr. Uday Khanna, Mrs. Sangeeta
Talwar & Mr. Rakesh Makhija.

(Pdf page number: 2)

3) Do these independent directors own shares of the company?

No, the Independent directors do not own shares of the company. But the 3 nominee
Directors hold shares.
 (Pdf page number: 54)

4) Is there a woman director?

Yes. Sangeeta Talwar, is the only woman Independent Director.

(Pdf page number: 2)

5) Is the chairman and CEO the same?

Yes, the CEO and Chairman of the company is the same person, Mr. R Gopalakrishnan.

(Pdf page number: 2)

6) Authorised, Issued, subscribed share capital - If there Is an increase in the Authorised

share capital of your company?

No. There is no change in the authorized share capital of the company.

It was and continued to be 495.00 crores as per the Annual Report of 2019 and 2020.

(Pdf page number: 113)

7) What is the form of remuneration given to Independent Directors?

The Independent Directors or Non-Executive Directors nominated by the Promoters are not
entitled to receive any remuneration, although the aggregate annual remuneration is
payable to the IDs/NEDs determined by the shareholder resolution, subject to the limits of
Law.

(Pdf page number: 38)

8)  How many directorships can a director hold across Indian listed companies?

Not more than 20 directorships at the same time however the maximum number of
directorships a person can hold is 10.
9) Does the company give esops/stock options/sweat equity to employees?

No.
The IDs are not entitled to any stock options of the company and neither are there any
transactions done including sweat equity shares to employees under any scheme.
Hence, the company does not give Esops/stock options/sweat equity to employees.

(Pdf page number: 31)

10) Is the registered office and the corporate office in the same state?

Yes. The registered office and corporate office are in the same state, Maharashtra.

(Pdf page number:72)