Guidelines
·
This
compensation policy is being made to comply with the requirements of Clause
49(B) of the listing agreement applicable to listed companies.
·
The
term non-executive directors shall derive its meaning from the listing
agreements as in force from time to time and the Companies Act, 1956
The Policy
1.
Non-executive
directors shall be paid a sum of Rs. 3,000/- each for their attending Board and
Committee meetings.
2.
No
other compensation either monthly or annually is paid to non-executive
directors for their services.
3.
The
company does not grant any stock options to the non-executive directors of the
company.