Sl. No.	Name of the Directors	Sitting fees paid for		Commission for the financial year 2006-07 paid in financial year 2007-08
		Board Meetings	Committee Meetings
		(in Rs.)	(in Rs.)	(in Rs.)
1	Shri B. K. Birla	50,000	--	1,70,190
2	Shri K. G. Maheshwari	20,000	--	1,70,190
3	Shri B. P. Bajoria	50,000	70,000	1,70,190
4	Shri P. K. Choksey	30,000	10,000	1,70,190
5	Smt. Neeta Mukerji	--	--	1,38,480*
6	Shri A. Ghosh	50,000	20,000	1,70,190
7	Shri P. K. Mallik	50,000	90,000	1,70,190
8	Smt. Manjushree Khaitan	20,000	--	1,70,190
9	Shri G. B. Pande	40,000	--	1,70,190*
10	Shri S. K. Parik**	--	--	--
	Total	3,10,000	1,90,000	15,00,000

* Commission paid to the respective nominating Institutions i.e ICICI Bank Ltd. and Life Insurance Corporation of India

**Notwithstanding Shri Parik, being the Director, draws and continues to draw remuneration as Sr. President, Finance & Taxation and Secretary, which for the financial year ended 31st March, 2008 was Rs. 45,98,236/-.

Besides the sitting fees & travelling expenses to attend any meeting of board or any committee thereof, the approval of shareholders in its meeting held on 30th June, 2005 enables the Company to pay commission in every financial year to its directors (to be divided amongst them equally), at the rate of 1 per cent of the net profits (restricted to Rs. 15 lacs) of the Company computed in the manner referred to in section 198(1) of the Companies Act, 1956 for a period of 5 years w.e.f. 1st April, 2005.

Commission payable to the Directors for the financial year 2007-2008 is Rs 20 lacs, including Rs 5 lacs for which the shareholder's approval is being sought by way of special resolution at the ensuing Annual General Meeting.

Besides the above, no other pecuniary relationship or transactions vis a vis the Company exists with the Non-Executive Directors.