Page 169 - Hitachi IR 2025

Annexure - B to Board’s Report
Statement of Disclosure of Remuneration
The information relating to the remuneration of Directors / Key Managerial Personnel as required under Section
197(12) of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of
Managerial Personnel) Rules, 2014.
1. Ratio of the remuneration of each Executive Director to the median remuneration of the employees of the
Company for the Financial Year 2024-25, the percentage increase in remuneration of Managing Director &
Chief Executive Officer, Chief Financial Officer and General Counsel & Company Secretary during the Financial
Year 2024-25 (April 01, 2024 to March 31, 2025).
Sl.
No.
Name of the Director/ Key
Managerial Personnel Designation
Ratio of remuneration of
each Director to median
remuneration of employees
Percentage
increase in
Remuneration
1. Mr. Nuguri Venu Managing Director and Chief
Executive Officer
55:1 9.99%
2. Mr. Ajay Singh Chief Financial Officer - 11.99%
3. Mr. Poovanna Ammatanda General Counsel & Company
Secretary
- 14.00%
Percentage of increase in remuneration relates to fixed component of salary. Other components of the
remuneration are as disclosed elsewhere in the Board’s Report.
Notes:
2. 3. 4. 5. a) Annual revision in remuneration was with effect from July 01, 2024, for all the Key Managerial Personnel.
b) Independent Directors of the Company are entitled for sitting fees and commission as per the statutory
provisions and within the limits approved by the Shareholders. As a policy, the Non-Executive Non-
Independent Directors are neither paid sitting fee nor paid any commission. The details of remuneration
of Non-Executive Directors are provided in the Corporate Governance Report. The ratio of remuneration
and percentage increase for Non-Executive Directors Remuneration is therefore not considered for the
above purpose.
Percentage increase in the median remuneration of employees for the financial year: 10%.
Number of permanent employees on rolls of the Company as on March 31, 2025: 2,481 employees.
Average percentiles increase already made in the salaries of employees other than Managerial Personnel in the
last financial year and its comparison with the percentile increase in the Managerial Remuneration and justification
thereof and to point out if there are any exceptional circumstances for increase in the Managerial remuneration.
The average increment of all employees and Managerial Personnel is based on performance targets, inflation,
prevailing industry trends and benchmark. The same is as per Company’s increment guideline.
Affirmation that the remuneration is as per the Remuneration Policy of the Company:
It is hereby affirmed that the remuneration paid to Directors, KMPs and employees is as per the Remuneration
Policy of the Company.
By order of the Board
For Hitachi Energy India Limited
Place: Bengaluru Chairman
Date: May 14, 2025 Achim Michael Braun
DIN: 08596097
Integrated Annual Report 2024-25
167