Page 177 - Hitachi IR 2025

5. A. DETAILS OF REMUNERATION PAID TO ALL THE DIRECTORS DURING THE FINANCIAL YEAR 2024-25:
Salary, Performance Bonus and Commission to Directors:
The Remuneration paid to all the Directors of the Company containing salary, performance bonus and
commission to Directors is as tabled below:
(Amount in `lakhs)
Name of the Director Sitting fees Salary &
Perquisites Commission Stock Option Pension
Mr. Nuguri Venu - 1,181.41* - - -
Mr. Achim Michael Braun - - - - -
Mr. Ismo Antero Haka - - - - -
Mr. Mukesh Butani 8.70 - 40.50** - -
Ms. Akila Krishnakumar 8.40 - 37.00** - -
Ms. Meena Ganesh 8.40 - 26.25** - -
*  Remuneration of `1,181.41 Lakhs was for the financial year 2024-25 (April 01, 2024 to March 31, 2025) which
includes a performance bonus of `324.10 Lakhs pertaining to the financial year April 01, 2023 to March 31, 2024
which was paid during financial year 2024-25. Further, remuneration includes Long Term Incentive Plan payout of
`397.88 Lakhs pertaining to KPIs measured over three financial years, from April 01, 2021 to March 31, 2024 which
was paid during financial year 2024-25.
** Commission for the financial year 2023-24 was paid during the financial year 2024-25.
Commission to Independent Directors for the Financial Year 2024-25 (April 01, 2024 to March 31, 2025):
1. For Board Meetings: a fixed amount of `25 lakhs per Independent Director based on 100% participation
by way of attendance in the Meetings.
2. For Committee Meetings: a fixed amount of `3 lakhs per Independent Director based on 100%
participation by way of attendance in the Meetings.
3. For the Chairman of the Audit Committee: a fixed amount of `8 lakhs for 100% participation by way
of attendance in the Meetings.
The above commission payable to Independent Directors of the Company, however, shall not exceed
the aggregate 1% per annum of the net profits of the Company computed in the manner laid down in
the Act.
4. Commission payable for the financial year 2024-25 will be paid in the financial year 2025-26
as follows:
SI.
No. Name of the Directors Amt in `
1. Mr. Mukesh Butani 42,00,000
2. Ms. Akila Krishnakumar 37,00,000
3. Ms. Meena Ganesh 37,00,000
B. C. Fixed Component / Performance Linked Incentive / Criteria:
Performance-related Bonus including Long Term Incentive Plan is payable to the Managing Director only
as per the terms of the Contract entered into between the Company and the Managing Director.
Service Contract / Notice Period / Severance Fees:
(a) The Contract of Service entered into by the Company with Mr. Nuguri Venu, Managing Director and
Chief Executive Officer provides that the Company and the Managing Director shall be entitled to
terminate the agreement by giving twelve months’ notice in writing on either side.
(b) No severance fee is payable by the Company to the Managing Director on termination of the agreement.
D. Stock Option:
The Company does not have a stock option scheme therefore the same is not applicable. No Director holds
any Equity shares of the Company.
Integrated Annual Report 2024-25
175