Indusind Bank Date: 18 Jan, 2023 Mr. Mukesh Malhotra, OFFER AND APPOINTMENT LETTER Dear Kir. Mukesh Malhotra, We are pleased to appoint you for the role of Loan Officer - Bharat Supor Shop in Bharat Financial Inclusion Limited having its registered office at One World Centre, Tower 1, 8th Floor, {841 Scnapali Gapat Marg, Elphinstone, Wlumbai - 400013 and Head Office at 3rd Floor, My Home Tycoon, [slock A, 6-3-1192, Kundanbagh, Begumpet, Hyderabad- 500 016, Telangana, India (hereinafter referred to as IFIL or "the Company"), subject to your acceptance of the Terms and Conditions of Employment as fol APPOINTMENT Ine terns governing this appointment will be effective from the date of jeining. The duration for determining the period for confirmation of service! or any other policy matter shall be reckoned from line date of your joining duty, REPORTING AND RESPONSIBILITIES You willbe reporting to Branch Manager ~ Bharat Super Shop or whosoever the Company mey subsequently specify. In your assignment you will be required to perform duties as more particularly lnc down inthe Job Description for your position POSTING AND TRANSFER Your initial posting will be at Batala_Retail Branch Office However, your services are liable to be transferred, at the sole discretion of Management, in the same position or such other capacity as, the Company may determine, to any department division / location at any place in India, whether existing today or which may come up in future. In such @ case, you will be governed by the provisions mentioned explicitly in the transfer policy. REMUNERATION he Company shall pay during the continuance of your employment hereunder, an annual CTC of Rs, 156984/- per annum. Your total minimum monthly gross salary will be Re. 11987/- (in words, Rupees Eleven Thousand Nine Hunderd Eighty Seven only). The Salary Sheet is anmoxed herewith 36 Annomure Multi Mellelia Signature ofthe employee. (Signifying ecceptance) 4 Short Financia incision Limited baad Ofte: 1 Flory Home Tyson Block A 6-182 Kundanbagh,BegumeetHyeabad- S00 Olan Ina Tet voi 4 44526009 Far s9120 S089 C001 Emel Moaciaan vob eaneeuce “ Repstered Off: OneWorld Corte Tver Floor 8b Senso Bont ry, stone, Mumba 400 O18, Maras nda Comporate Identity Number: USS999MH2018PLC3I2539 ° @ scanned with OKEN ScannerPrivate & Confidential COMMENCEMENT DATE Your appointment shall commence on or before 16 Jan, 2023. PROBATION You will be placed on probation for a period of 3 (Three) months from your date of joining. On the successful completion of your probation period, you will be confirmed in writing. The probation may be extended for a further period or periods in case the management is not satisfied with your performance and you will continue to be on probation until an order of confirmation in writing is issued, notwithstanding the expiry of the probation period BACKGROUND VERIFICATION: he Company will conduct your background verfication viz. criminal record, physical address venfication and experience/employment verification of previous /current employment etc. In this ‘egere & copy of Authorization letter is appended as Annexure-A. LEAVE You willbe entitled to leaves as per Company's prevailing leave policy, OTHER EMPLOYEE BENEFITS ‘As 2n employee of the Company you would be covered under the following employee benefits: Life Insurance cover, Hospitalization Floater Cover (for Employee, Spouse, two kids, Dependent 's) and Group Personal accident cover. The details are provided in Annexure ~ 1 Provident | be eligible for retirement benefits as per the applicable laws in this regard such as, ‘und and Gratuity WORKING DAYS A ormal work week will be of 6 days a week as scheduled by the Company. The responsibilities of your position may necessitate longer working hours for which there will be no overtime or additional ‘compensation WORKING HOURS Your working hours will be as per Company's HR policy on working hours INCOME TAX ‘ll payments wil be subject to tax as per the Income Tax Act and rules or any other tax juriscition {or you earning in the employment of the company and the same shall be bome by you. The Company shal, at any time, be entilled to deduct or set-off against your monthly salary income tax ‘or withhold tax amounts, due from you to the Income Tax Department or any other tax authority scomucortcenpmee MASA MoQhicbu, (Signitying acceptance) Page 2 of 80 @ scanned with OKEN ScannerPrivate & Confidential TERMINATION ‘fier confirmation, the Company can terminate your services by giving 2 (Two) months written notice or payment of salary in lieu thereof. However, the Company may relieve you at any time Purely at ils giscretion during the notice period and without any compensation other than the payment of salary in lieu of the remaining period of nace. After confirmation, you may resign from services by giving 2 (Two) month's written notice to the Company or payment of salary in lieu thereof. If the exigencies of work so require, the Company may not relieve you earlier than the expiry of the entire period of notice. No leave would be allowed during such notice period. It shall, however, be open to the Company to accept your resignation with effect from any date earlier than the one offered by you in your resignation letter at its sole discretion. The Company has the right to terminate your service without notice or payment of salary in liew thereof or take such other actions as the company may deem necessary if: + at any time the statements or declaration made by you to the company are subsequently found to be incorrect, untrue, incomplete, or misleading; + you commit any breach of your duties and responsibilities under this contract of service; + you are found guilly of dishonesty, gross negligence ar misconduct which contravenes the ‘express or implied conditions of your service; + al any time subsequently after your appointment itis found that, there have had been any legal proceedings initiated against you, or you were involved in any misconductfraud ‘embezzlement of cash in your previous employment or current employment, or you have been convicted by any Court in India for an offence involving moral turpitude. + In viow of background verification, unsatisfactory report received by the Company. RETIREMENT ‘The retirement age is 68 years. You will retire from the employment of the Company at the end of the month in which you attain 58 years of age. DISCIPLINE ‘You shall take up all assignment that may be offered to you by the Company. | you abstain from duly without prior sanctioned leave in writing for @ continuous period of ‘exceeding 8 consecutive days excluding any intervening declared holidays, it shall be construed es Unauthorized absence and be presumed as a conclusive proof of your intention for all purposes that you have voluntarily abandoned the employment and have left the services of the company on your ‘own accord with effect from the date of such absence. ‘You shail be expected to abide by the rules and regulations of the Company, be courteous, honest {and professional within the Company or with its clientsicustomers, and maintain & represent the Company's high standards of professional Services at all imes, whether in the Company or at its client's site(s) ‘You shail be responsible for all Company properties and material that are in your possession, and all infrastructure like telephones. computers, etc that have been provided to you to enable you in ™ sguire ste amped MY Mal (Gianitving acceptance) Page 3 of 80 @ scanned with OKEN ScannerPrivate & Confidential You shall not publicly criticize, defame or misrepresent the Company and shall not, knowingly, commit any such act mm | Commit any Such actions which may rest inthe Company's image / business being adversely ‘You shall not furnish false information or declaration or wilfully suppress any material information. SECRECY & CONFIDENTIALITY Any information related to the business of the Company, its operations or finances which would Feasonably be considered to be proprietary or which is designated as such in writing by the Company (hereinafter “Confidential Information’) shall be deemed confidential, You shall not disclose Confidential Information to any Person, except to its Affliates and those of its employees or representatives who need to know such Confidential Information in connection with the conduct of the business of the Company or the exercise of its rights hereunder or as may otherwise be fequired by law, and not to use the Confidential Information for any purpose other than in ection with the conduct of the business of the Company, the exercise of its rights hereunder or .ssessment of an investment in the Company. NON-COMPETITION UNDERTAKING | So long as you remain in employment with the Company, you shall not directly or indirectly engage in, advise, manage, serve as an advisor, officer or employee of or otherwise hold an ownership interest in any Person/Company/Fim which competes in any material respect with the Company; Nor shall employ or solicit for employment any employee of the Company or encourage any such ‘employee to leave the employment of the Company during your term in the company or for 2 period of one (1) year subsequent to your termination of employment. COPYRIGHT ‘You acknowledge that the copyright and other intellectual property including but not limited to business plans, procedures, strategies, otc. in all materials produced by you during, or in Connection with your employment (whether or not produced during normal working hours), ‘cluding, within limitation, computer software, belong to or shall vest in the Company. BUSINESS CONDUCT ‘You shall not, without prior approval of the Company, which shall not be unreasonably withheld from you, Undertake any other business or profession or be a director, employee or agent of any ‘olnier Company, firm of person of assist or have any financial interest in any other business or profeseen (unether whole of part time), except that nothing in this clause shall prevent you from plenng or uequinng shares or securities in any other Company which is listed on any recognized Stock Ezchange or make any investment in any other bona-fide organization. RETURN OF PROPERTY, EQUIPMENT, MATERIALS, RECORDS AND DOCUMENTS ‘You shall not wrongfully obtain possession of any property of the company nor will have any such roperty in your possession, wrongfully, withhold it or knowingly apply it for purposes other than Hee caprecsed or ditected by the Company and shall return to the Company immediately upon f sunmreot ne ennoyee MULLET Meal baiiy } (Signifying acceptance) Page 4 of 80 @ scanned with OKEN Scannerrequest, or upon termination of your aia ee of your employment for any reason whatsoever, all property, materials, records and documents which you prepared or ae you preps which came into your possession as a GENERAL TERMS AND CONDITIONS OF EMPLOYMENT In addition to the terms contained in this offer of appointment, you shall immediately, upon entering the service of the Company, be subject to such other existing general terms and conditions of ‘employment as may be laid down by the Company, to govern all members of its staff, and rules or ‘regulations that may be introduced by the Company from time to time. The Company reserves the right to vary the terms and conditions of service based on business needs from time to time and may change in relation to your proposed appointment in the Company. ‘You may be required to undertake travel on Company's work as and when required. In case of travel on Company business, you are entitled to such travel expenses/allowance @5 may be in force 1s per the travel policy from time to time. | In case of any change in your residential address during the tenure of your employment with the | Company, it shall be your duty to intimate the same to the Company in writing within three days 1 from the date of change of address. All communications mailed to you by the Company to the last ‘address given by you shall be deemed to have been received by you. ‘You will be responsible for ensuring that compliance requirements as stipulated by the company land locally are adhered to and it shall also be reviewed as part of your annual performance reviews. ‘You shall not assign your rights andl or obligations herein. The Company may assign its rights ‘andlor obligations herein to any person or entirely acquiring all or @ substantial portion of the Company's business or entity controlling, controlled by. or under common control with the Company, You are required to submit @ cerlfcale about your medical fitness to the satisfaction of the Company. You shall not, under any circumstances either directly or indirectly, receive or accept for own benefit any commission, rebate, discount, git or profit of any nature from any person, Company or firm having business transaction with the Company. INDEMNIFICATION You shall during the course of employment, duly and faithfully devote to and execute, perform and discharge all the duties of hisiher office without causing any injury, loss or damage by reason of any Set, default or misconduct negligence, error in judgments. breach of duty, embezzlement and fnismanagement to the Company and in the alternative you shall from time to time and at all times ‘indemnify and keep indemnified the Company against all loss, damages, costs, charges and ‘expenses which the Company shall or may sustain by reason of any act or default or misconduct Negligence. error in judgment, breach of duty, embezzlement and mismanagement by you, along Mubovk fuel hada Page § of 80 ‘Signature of the employee. (Signifying acceptance) aces @ scanned with OKEN ScannerPrivate & Confidential JURISDICTION ‘This contract shall be subject to the Indian Law. Any disputes arising from or connected with this contract shall be submitted to the competent Court at Hyderabad to the exclusion of all authorities, ‘Should the above Terms and Conditions of Employment be acceptable to you, please sign the duplicate copy of this letter on every page and return it to the Company immediately. We welcome you to Bharat Financial Inclusion Limited and look forward to @ long and mutually rewarding career with us. Yours Sincerely, For Bharat Financial Inclusion Limited Manager HR’ * |, Mukesh Malhotra having read and fully understood the terms and conditions stated in this letter ant also the Annevures), hereby acceptin entirety the appointment ad confi hat shal commence werk on 18 Jan, 2028, net hese ferms and contions, Soraue «Mult M e\rbia bate I6ll[aoa3 Ste wep, Mua kO~ Malhorbin (Sianiying acceptance) Page 6 of 80 @ scanned with OKEN ScannerAANNEXURE Private & Confidential Particular Monthly Annual Basic : 993 71921 HRA 3596 43152 Fiold Staff Allowance 2397 28768 | Monthly oT PF 1095 13143 | rota Cost to Company 13082 156984 «You are also eligible for monthly performance-based incentive as per the company jIncontive plan” after completing the probation period. | | ANNUAL INSURANCE BENEFITS (PREMIUM PAID BY THE COMPANY) : Lite Insurance ee) Hospitalization Floater cover (For, Employee, Spouse, Two Kids and Parents) 1,75,000 | Group Personal Accident cover 419,00,000 i # signe o ne employee, MULES Meadhosbig (Signifying acceptance) Page 7 of 80 sini d @ scanned with OKEN ScannerPrivate & Confidential ANNEXURE-A LETTER OF AUTHORIZATION ule Malhaliia sido_{Ugdas Lal) received orter and Appointment letter dates [6 [0 19.03 from sharat Financial Inclusion Limited (1FIL") forthe positon of Loan Officer. As part of verification, | hereby authorize BFIL, and or its third-party Service Providers to make an independent investigation of my background, references, past employment and diction, including records maintained by both public and private organizations and all Public records for the purpose of confirming the information and obtaining other information which may be material to my qualifications for service now and, if applicable, during my tenure of employment with my past employers. | also hereby authorize BFIL to store all the information obtained by BFIL or through its third-party Service Providers in its records. | hereby release BFIL, its third-party Service Providers and any person or entity, which provides information pursuant to this authorization, from any and all liabilities, claims or lawsuits including privacy laws in regard to the information obtained from any and all of the above references sources used to relate to my background verification. | have fully understood the purpose and implications of signing of this letter and have signed this Letter of Authorization out of my own free will and have not been coerced or forced by any person to sign this. The following is my correct name and address as per my Aadhar Card/Driving License/Ration card. Full Name: remanent aioe: Vidh (aia), Bagi), Pathankeit, Pundob - 143533 Signature: Mulrh Malhadda datesriace 16 /o| /Q0% b Lualaona Siraure oto aneyee Mighty adhe tia (Signifying acceptance) Page 8 of 80 | i @ scanned with OKEN Scanner