MANAGEMENT DISCUSSION AND ANALYSIS REPORT Gita Renewable Energy Limited is engaged in generation of power from renewable sources (25 Wind mills and 10 MW Waste heat recovery power plant)and the opportunities and threats available for the company are briefiy provided below: India has ambitious targets for renewable energy growth. The Government of India has announced an unbrcedented policy push and states are providing the necessary infrastructure. In light of changing economic scenario and due to increasing competitive environment in power sector and poor generation of power from wind mills, the operation of wind mills is not commercially viable. Thus the Management proposes sale of wind mills with the consent of members' approval. Further the management finding to revive the company better in the future with economic and industrial growth. Disclosure Statement of particulars of remuneration as per Rule 5(1)of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014: 1. The ratio of the remuneration of each director to the median remuneration of the employees of the company for the financial year: No remuneration was paid to directors during the financial year: 2. The percentage increase in remuneration of each director, Chief Financial Offcer, Chief Executive Officer, Company Secretary or Manager, if any, in the financial year: NIL 3. The percentage increase in the median remuneration of employees in the fnancial year: NIL 4. The number of permanent employees on the rolls of company: 2 5. The explanation on the relationship between average increase in remuneration and company performance: N.A 6. Comparison of the remuneration of the Key Managerial Personnel against the performance of the company: N.A 7. Variations in the market capitalisation of the company, price earnings ratio as at the closing date of the current fnancial year and brvious fnancial year and percentage increase over decrease in the market quotations of the shares of the company in comparison to the rate at which the company came out with the last public offer in case of listed companies, and in case of unlisted companies, the variations in the net worth of the company as at the close of the current financial year and brvious financial year: NIL 8. Average percentile increase already made in the salaries of employees other than the managerial personnel in the last fnancial year and its comparison with the percentile increase in the managerial remuneration and justifcation thereof and point out if there are any exceptional circumstances for increase in the managerial remuneration: NIL 9. Comparison of the each remuneration of the Key Managerial Personnel against the performance of the company: NIL 10. The key parameters for any variable component of remuneration availed by the directors: NIL 11. The ratio of the remuneration of the highest paid director to that of the employees who are not directors but receive remuneration in excess of the highest paid director during the year: NIL 12. Affrmation that the remuneration is as per the remuneration policy of the company: yes. the company has a remuneration policy. |