Investor Presentaiton

ANNEXURE V TO THE BOARD'S REPORT Remuneration details as required under Section 197(12) read with Rule 5 (1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 for the year ended 31st March, 2023. 1. 2. 3. 4. 5. 6. The ratio of the remuneration of the Managerial Personnel to the median remuneration of the employees are as follows: Mr. K M Mammen, Chairman & Managing Director (488.27), Mr. Arun Mammen, Vice Chairman & Managing Director (407.86), Mr. Rahul Mammen Mappillai, Managing Director (357.83), Mr. Samir Thariyan Mappillai, Whole-time Director (107.91) and Mr. Varun Mammen, Whole-time Director (108.23). The percentage increase in remuneration for 2022-23 of the Managerial Personnel are as follows: Mr. K M Mammen (14.53%), Mr. Arun Mammen, Vice Chairman & Managing Director (14.57%), Mr. Rahul Mammen Mappillai, Managing Director (8.90%), Mr. Samir Thariyan Mappillai, Whole-time Director (15.92%) and Mr. Varun Mammen, Whole-time Director (15.91%). It may be noted that in the previous financial year 2021-22, because of lower profits, the commission paid to Mr. K M Mammen, Mr. Arun Mammen and Mr. Rahul Mammen Mappillai was lower than the maximum limit as permitted under the shareholders' approval. If this is adjusted, the percentage increase in remuneration for 2022-23 of Mr. KM Mammen is only 1.85%, Mr. Arun Mammen 3.13% and Mr. Rahul Mammen Mappillai 3.50%. The percentage increase in the remuneration of S Dhanvanth Kumar, Company Secretary and Madhu P Nainan, Executive Vice President - Finance were 9% and 12% respectively. The percentage increase in the median remuneration of employees during the financial year ended 31.03.2023 - 11.67%. The total number of permanent employees as on 31.03.2023 is 19050. Average percentile increase already made in the salaries of employees other than the managerial personnel in the last financial year and its comparison with the percentile increase in the managerial remuneration and justification thereof and any exceptional circumstances for increase in the managerial remuneration - Average percentage increase in salaries of employees other than managerial personnel in the last financial year was 11.73%. Percentage increase in the managerial remuneration (i.e. Chairman & Managing Director, Vice Chairman & Managing Director, Managing Director and Whole-time Directors) was 13.31%. It may be noted that in the previous financial year 2021-22, because of lower profits, the commission paid to the Managing Directors was lower than the maximum limit as permitted under the shareholders' approval. If this is adjusted, the percentage increase in total managerial remuneration for 2022-23 is only 4.48%. The remuneration of the managerial personnel is consistent with the industry standards and also the size, complexity of operations and market position of the Company. It is affirmed that the remuneration paid to the directors, key managerial personnel, senior management and employees is as per the Remuneration Policy of the Company. Notes:- a. b. Employees who are covered by collective bargaining mechanism (in whose case revision in remuneration is effected only upon conclusion of long term settlements), have not been considered for this purpose. The non-executive directors of the Company are only paid sitting fees and no remuneration in the form of salary or commission is being paid to them. As such, considering that the remuneration is attendance based and not a definite period linked remuneration and the amounts in question not being material, the information regarding ratio of remuneration and percentage is being furnished only in respect of the executive directors and other key managerial personnel. Details of sitting fees paid to directors have been furnished in the Corporate Governance Report. Chennai 03rd May, 2023 32 On behalf of the Board of Directors KM MAMMEN Chairman & Managing Director DIN: 00020202

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