SHREENATHJI UDAIPUR TOLLWAY PRIVATE LIMITED CIN : U45201GJ2012PTC069676 Ref No: SUTPL/FY19-20/00020 Date: 09.01.2020 To, IDBI Trusteeship Services Limited Asian Building, Ground Floor, 17, R. Kamani Marg, Ballard Estate, Mumbai 400 001 (acting in its capacity as the trustee of the IndInfravit Trust with Registration Number: IN/InvIT/17-18/0007) LTIDPL INDVIT Services Limited P BNo. 979, Mount Poonamallee Road, Manapakkam, Chennai 600 089 (acting in its capacity as the investment manager of the Indinfravit Trust) Attention: Mr. J. Subramanian Subject: Proposed sale of Shares held by the shareholders of Shreenathji Udaipur Tollway Private Limited (“Concessionaire”) to the Prospective Investor "IndInfravit Trust”. Ref.: NHAI Letter no, NHAVGM(F)/SUTPL/2019/146973 (“Final Approval”) Dear Sir, With reference to above referred letter, the National Highway Authority of India (“NHAI") has granted us the final approval to the proposal for sale of shares by our shareholders to IndInfravit Trust. The aforesaid Final Approval has been granted pursuant to the following correspondences with NHAI: veruieor CO Sadihay . TODAY FOR TOMORROW Regd Office: “Sadbhav House’ Opp.Law Garden Police Chowk! llsbridge, Ahmedabad- 380006, T:+91 7926463388 F:+91 7926400210SHREENATHJI UDAIPUR TOLLWAY PRIVATE LIMITED CIN: U45201G)2012PTCO69676 1. In-Principle Approval from NHAI to the Concessionaire vide NHAI letter no. NHAVF&A/InvIT/2019-20/Sadbhav/ 143115 dated 23.10.2019; 2. Letter from Concessionaire to NHAI with reference number SUTPL/NHAVFY2019-20/0001 | dated 08.11.2019; 3. Letter from NHAI tothe —Concessionaire with reference number NHAUGM(F)/Pre.Def,/2019/144243 dated 18.11.2019; 4, Letter from NHAI tothe — Concessionaire with reference number NHAU/PIU/Udai/GU/Premium/1661 dated 19.11.2019; 5. Letter from LEA Associates South Asia Pvt. Ltd. to NHAI with a copy enclosed to the Concessionaire with reference number LASA/Highway/O&M/753576/Gomati-Udaipur/2019- 20/1385 dated 26.11.2019; 6 Letter from NHAT to the Concessionaire with reference number NHAVGM(F)/SUTPL/2019/145341 dated 06.12.2019; 7. Letter from Concessionaire to NHAI with reference number SUTPL/NHAVFY2019-20/ dated 09.12.2019; 8. Undertaking from IndInfravit Trust to NHAI dated 11.12.2019; 9. Letter from Concessionaire to NHAI with reference number SUTPL/NHALFY2019-20/00014 dated 12.12.2019; 10. Letter from Concessionaire to NHAI with reference number SU/FY19-20/00015 dated 17.12.2019; 11. Letter from Concessionaire to NHAI with reference number SUTPL/FIN/2019-20 dated 17.12.2019; 12. Undertaking from IndInfravit Trust to NHAI dated 20.12.2019; 13. Letter from Concessionaire to NHAI with reference number SUTPL/FIN/2019-20 dated 20.12.2019; 14, Letter from Concessionaire to NHAI with reference number SUTPL/2019-20/Premium. Def/001 dated 21.12.2019; 15. Letter from Concessionaire to NHAI with reference number SUTPL/2019-20/Premium Def/002 dated 21.12.2019; 16.Letter from NHAI to the —Concessionaire with reference number NHAV/GM(F)/SUTPL/2019/146439 dated 27.12.2019; iT Sadbhav gd Ofc: “Sadbhav House’ Opp Law Garden Police Chowk; Elisbidge, Ahmedabad- 380006, T:+91 79 26463384 F491 79 26400210,SHREENATHJI UDAIPUR TOLLWAY PRIVATE LIMITED CIN : U45201GJ2012PTC069676 17. Undertaking from IndInfravit Trust to NHAI dated 27.12.2019; 18, Undertaking from IndInfravit Trust to NHAI dated 02.01.2019; and 19, Letter from Concessionaire to NHAL with reference number SUTPL/NHAI/FY2019-20/00018 dated 02.01.2020, One of the conditions of the said Final Approval is for you to incorporate and disclose: (i) the fact that the project is a premium deferment project; and (ii) the maintenance status including liabilities of the Concessionaire, in the prospectus / offer document. Accordingly, please find attached as Annexure A to this letter, the details of the project maintenance status including liabilities of the Concessionaire and the fact that the project is a premium deferment project that you can disclose to the investors / Unitholders of the IndInfravit Trust. ‘We confirm, undertake and certify that the above information as set out in this letter (including the annexures) are true, fair, complete, correct, accurate, not misleading and without omission of any matter that is likely to mislead, and adequate to enable you to make the requisite disclosure to the investors / Unitholders of the IndInfravit Trust to comply with the condition set out by NHAI in the Final Approval. For and on behalf of Shreenathji Udaipur Tollway Private Limited 2 a sy GAY Naime: SHq sins Vv PATEL Designation: P )@EeToR_ (Authorised Signatory) Above contents confirmed and endorsed by Sadbhay Infrastructure Project Li For and on behalf of Sadbhav Infrastructure Project Limited Designation: D)@ecr2 Q_ (Authorised Signatory) a Enclosed: Annexure A vewruee or SY Sadbhav TODA FOR TOMORROW Regd Office: “Sadbhav House’ OppLaw Garden Police Chow Ellsbridge, Anmedabad- 360006. T: +91 79 26463384 F: +91 7926400210SHREENATHJI UDAIPUR TOLLWAY PRIVATE LIMITED CIN: U45201GJ2012PTC069676 Annexure A 1. The Project with reference to which the Concession Agreement dated 18.04.2012 has been executed between NHAI and the Concessionaire is a premium deferment project. 2. The details of the project maintenance status including liabilities of the Concessionaire are set out in the following letters annexed hereto: (a) Letter from NHAI to the Concessionaire with reference number NHAUGM(F)/SUTPL/2019/145341 dated 06.12.201 (b) Letter from LEA Associates South Asia Pvt. Ltd. To NHAI with a copy enclosed to the Concessionaire with reference number LASA/Highway/O&M/753576/Gomati- Udaipur/2019-20/1385 dated 26.11.2019; (©) Letter from NHAI to the Concessionaire with reference number NHAVGM(F)Pre.Def/2019/144243 dated 18.11.2019; (4) Letter from NHAI to the Concessionaire with reference number NHAVPIU/Udai/GU/Premium/1661 dated 19.11.2019; (©) Letter from NHAI to the Concessionaire with reference number NHAUGM(FySUTPL/2019/146439 dated 27.12.2019; Sadbhav TODAY FOR TOMORKOW Regd Office: “Sadbhav House’, OppLaw Garden Police Chowk, Elisbridge, Ahmedabed- 380006, T:+91 7926463384 F: 491 7926200210Tea T TT ISTE TPRTRTOT geen ors zsoreronsarene cage vitae ate conn Hare) ‘BRE Fax91-11-25080507 / 25000514 National Highways Authority of India (Ministry of Road Transport and Highways) h-5 We 6, aet-10, aan, aE fereit-110075 6-88 6, Sector 10, Dwarka, New Delhi-110075 NHAI/GM (F)/SUTPL/2019/4@8% 14S 24) Dated 06/12/2019 To, M/s Shreenathji Udaipur Tollway private Limited Regd office “Sadbhav House”. Opp. Law Garden Police Chowki, Ellis Bridge, Ahmedabad- 380006. Sub: :- Four laning of Gomati Chauraha- Udaipur section off NH-8 (from Km 177/000 to km 260/100) in the state of Rajasthan under by NHAI or proposed sale of shares held by the shareholders.- Request for clarification on in-principle approval by NHAl or proposed sale of shares held by the shareholders.- Matter need to be Complied by Concessionaire. Ref:- Your letter No. DPTL/NHAI/FY2019-20/00013, dated 08/11/2019 Sir, Please refer your letter dated 08/11/2019 on the above subject. As requested by you status of recoveries/damages as intimated by project Division are given below: + Damages imposed and pending for Rs. 39,20,080/- towards breach of Maintenance obligation recommended by then IE M/s Aarvee Associates up to 30.11.2016. + Damages imposed and pending for Rs. 3,09,26,238/- towards non-compliance of damages of rutting on project highway recommended by IE M/s LEA Associates up to 31.10.2019. + The project updated status such as status of completion, status of Punch List-A items, status of Punch list-B items, and status of maintenance of the project highway including major maintenance as submitted by IE vide its letter dated 26.11.2019 is enclosed as annexure. Apart from above, demand of Rs.7.26 Crores+ interest and penal interest has been issued to you vide NHAI letter dated 18/11/2019 (copy enclosed)on the basis of review of premium deferment for the year 2017-18. Review for the year 2018-19 is pending and status of the same shall be intimated on completion of review for the year 2018-19. Prow (Dinesh Gupta) GM (Finance)LEA Associates South Asia Pvt. Ltd. ‘or Swenor [ALEA Group Company ere ee + Conating Engines Sd Planers sepa) 12001 In association with tasaudape@asanda cn ( Ploneer Infra Consultants Pvt. Ltd. Tasouoipur@omalcon " LASA/Highway/0&M/73576/Gomati-Udaiput/2019-20/1385 Date: 26.11.2019 To, The Project Director, ‘National Highways Authority of India, Project Implementation Unit, (Udaipur), Plot No. 465, Beside Saras Dairy, Goverdhan Villas, Udaipur Rajasthan - 313002 Subject: Independent Engineer Services during Operation & Maintenance stage of 4 laning of Gomati Chouraha ~ Udaipur section of NH-8 (Km.177.000 to Km 260.100) under BOT Projects in the state of Rajasthan; - Proposed transfer of shareholding in Shreenathji Udaipur Tolway Pvt. Ltd. to Infrastructure Investment Trust (loviT) and refinancing of debts~ Reg. Ref: (i) NHAI letter No. NHAVUDR/GU-O&M/2019/1688 dated 22/11/2019 (i) NHAT HQ letter No, NHAV/11012/01/2011/BOT/Raj./Gomati-Udaipur/144542, dated 22.11.2019 (iii) M/s. LASA letter No. LASA/Highway/O&M/73576/Gomati-Udaipur/2019-20/1119, dated 07.06.2019 Dear Sir, With reference to above, regarding NOC for transfer of 100 % Share of SVP to Infrastructure Investment Trust, Please find the point wise information/comments as follow- 1, All pending dues, recoveries & Penalties imposed by NHAI on the concessionaire 1, Damages of Rs. 39,20,080/- towards breach of Maintenance Obligation recommended by then TE M/s Aarvee Associates upto 30/11/2016. 2. Damages for Rs. 3,09,26,238/- towards non compliance of damages of rutting on Project Highway recommended by IE M/s, LEA Associates South Asia Pvt. Ltd. up to 31/10/2019, which is under consideration for review. 2. The details of project maintenance status including liabilities of the Concessionaire The present updated Status is as bellow- i. Status of Completion As per provision of Clause 14.3.1 of Concession Agreement, IE has issued the ‘Provisional Completion Certificate’ vide Letter. No. AA/HW/SUTPL/1441/15-16/868 dated 04.12.2015 for the Project w.e.f. 04.12.2015 along with the jointly signed Punch List (‘List A’) containing the ‘works to be completed within 90 days of the date of issue of PCC, ‘List-B" containing the works that could not be completed due to non-availability of land for which Concessionaire has submitted an undertaking vide his letter No. SUTPL/NHAV/2015-16/0015 dated 04.12.2015. A Be SR em ; smal aea@acanda som, Webst: worm asada om aor efaton abor UTAH ea ‘= Bangladeshepotswanse Canada ¢ E”iopia © Kenya MauniseeOman # Tanzania # UpandaProject Office LEA Associates South Asia Pvt. Ltd. Siar oe LEA Group Company weteoes > onsuting Engingers ad Planners sapien) oe In association wth losers cam Pioneer Infra Consultants Pvt. Ltd. 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Ltd. ALEA Group Company NosrRro ome + Consulting Enginsers and Plannars ssi (al) 313001 In areociaton with lasaudaper@asaratacom ~~. Pioneer Infra Consultants Pvt. Ltd. lasaudaipur@gmal.com Toaation s. _ Remark Photograph i] stemotwo TT aera | wat] sr (mtr) | (Mtr) i ‘i > 1.085 kn sip Road f 8 | at Km 260.100 > - : - Awe Junction Se eee. 2 | tine Dain zos.aso| 205.400] sso | 1 | was | completed | | us sheer us By aong with provded 10 | busshete ona xmassaco | - | | mns| sersuseay pncilary works fot mad oe completed kmissse1 | - LAS | completed Widening of minor | 11 | Bridges on ervce read ‘Km 202.120 LHS ee ™ ‘Completed eo capa oR : SE Er ar Coopoane ta Eo, Matra ow ew On 1000 a F ‘Tel: 91-11-2697 3050-52, 4167 8150, Fax 91-11-4167 8659, 2607 1062, Aa ESO 9001-205 Evmall lasa@lasstva com, Webste: ww asainda com Certified Ledeen Lio] Coreratsleteaten Nanbe U?4S90DL1055PTOOSS7=0 Svoreeas Omtces 1 Bangladesnedotnanee Cada Enis © Kenyae MauLEA Associates South Asia Pvt. Ltd. [ALEA Group Company + + Consulting Engineers and Planners Inassociaton wth Pioneer Infra Consultants Pvt. Ltd. Project Office 107 Shyam Vinar Near RTO Ofteo Udaipur (Ral) 312001 lasaudaipu@iasaindacom Insaudapurtamat.com Tecten 5. ‘Remark Photograph No. arial From To Renee. | Wath Side as (mitr.) | (Mtr) | ee otsanee a wrasse | tao] saico] a | as Jus] 68, ‘Agreement. (ven otsaves | (Bees we jira aac secur) ao | sus 8 | ‘Agreement : ident eve in ss [Roiiger "| asszo| seam! ao | sa | us| My Miderng of Ses on zo [rmsaper | seca] sie] ao | sa | us| | Mt, Agreement “ ening teva sh | | Erion: Seen ea sinctea iad a SE he pa rams cnn yw espana : ei re nea eae nts0 ions E-mail las india com, Website: www lasainga. com. mar tides LE Abertip i Sesame aceas ‘iat Ovorsase Omtces: ‘+ Bancladestedctonarae Canada «Etiopa# Kenae MeurtsssOmn« Tanzais # UgandaProject Omice LEA Associates South Asia Pvt. Ltd. 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Ltd.— ~— = = asaussbur@gnaiicon Location s temarh wo. | Remef Work - yo. | teneth | wisth | 4, Remark Photograph from | TO | mies | (ete) Widening of Service 47 | roads as per 222.380 222405| 25 | 7 | RiS| completed ‘Agreement Widening of Service Completed 48 | roadsas per 2m2430| 222435) 5 | 7 | aHS| except Agreement rain Widening of Service wa 49 | roads as per 222900 | 222920] 20 | 67 | LHS} ooo Neeg ‘Agreement Se Widening of Service Ne 50 | roads as per 223100 223.110| 10 | 65 | rHs completed | | pgreement - 7 Widening of Service | be 51 | roads as per 223.110] 223.120] 10 | 66 | ais! completed Agreement [aes | eo ‘Corporate Omea: B-1lE-27. Mchan Cooperative Indutil Estate, Matura Road, Now Det 110044, Inia ‘Te 0-11-2607 298082, 167 8160, Fa 0111-4167 0680, 26071089, Evmat:ase@lasainia.com, Wabste: waw asanda com Gapecte reason Nember Uree9eDL 0asPTCOSS7S0 Gvoreane Omens: 1 DangaiesheBotranae Caads # Ebiopa® Kenyae MautauseOnen # Tarzan © Uganda” ¢- Pioneer Infra Consultants Pvt. 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Ltd. ae [ALEA Group Company Nasr RTO fos ~ Consulting Engineers and Ptanners soins (Ra) 213001 In association with lesausopu@aeanda.com So sane gale toeation s. ; ema = mo. | Memefitork 1 om | to | tenet | with | x Fase (oate) | (attr) Widening of Service Completed 57 | roads as per , z2a6io| 224680 70 | 7 | uns |) except ‘Agreement rain Widening of Service a 58 | roads as per 224885 | 224920] 35 | s6 | us| _ Ne ‘Agreement sper Widening of Service tat 59 | roadsas per zess20|224950/ 30 | 52 | us| Not Passio oma Widening of Service ee 60 | roadsas per 224980| 224960) 10 | sa | us| NO Agreement ‘ | Widening of Service a 61 | roadsas per naases 226995] 10 | 4 | us| NOt -areement hr L cxparayo haa B-E-27, Mohan Cooper nual Eile, Maura Road New et 11004, a : ‘aortas Sosoee sto 0180, Fac Ott itTeT G8, 26 THE Caton Erma nsa@tesaciacon, Vest: wrisana can er seuumaga ser Espen gate har rssoScaaPToNTSS “eigen 1s BaoglacesneGotwanae Canada ®EPopia © Kenya MaiivaeOran #Tezara# UprceProject Office LEA Associates South Asia Pvt. 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Ltd. lesaudspar@amalicom | Location Ss 2m o} Remark Photograph io. | Memetwork | om | to | tenet side a (wr) ‘Widening of service | a 67 | roads as per aasess|zzesso) 25 | se | ns] Nt ‘Agreement Fame tes Widening of Service es 68 | roadsas per 224880220980 60 | 53. | nis completed ‘ereement Widening of Service fs 69 | roadsas per zansio| 225000) 60 | 58 | nas] Ne Agreement Widening of Service Completed 70 | roads as per 225.000| 225.030] 20 | 7 | rus| except Agreement | dein Widening of Service Completed 71 | reads 2s per 225010) 225.070| 30 | 7 | rus| except Agreement drain SHE, Moran Cocprave nat sat, Matra Road New ah — 110044, ica ' ‘a oiiaaor 26505, stor 0150 Fax oiltate” aes 2887 tee, ed E-mail: Iasa@lasaindia.com, Website: www lasaindia.com ‘ertifie LEAdertip in engincering. ert ter Veo nse Tata tnt ‘Overseas Gress? = BonglaeaneBstoranae Canada Ebiopn« Keryae MaursueeOman # Tanzania © UgensProject Office LEA Associates South Asia Pvt. Ltd. [ALEA Group Company {27:Styan vat Nair 70 es + Consulting Engineers and Planners ip (Ra) 313001 Inassoctation with lassudsperBiasainga com Pioneer Infra Consultants Pvt. Ltd. tasaucabur@gmatcon : Location : Item of Work ] Tength Remark No. ] From | to | ‘ime side 2221200 | 222+300/ 100 LHS{sR) | Not complied 4 | Earthen Drain Length a per sheet 270 | Both side | Not complied ‘Not Completed for 52 Nos. of structures, Concessionaire aims that 5. | Provide Floor Protection Works | he could not due to local hindrances and LA issues. However PIU does | not agree with this iv. Status of premium deferment, if any As per Clause 26.2.1 of Concession Agreement, Concessionaire has to pay to the Authority, on the COD date, a Premium in the form of an additional Concession Fee equal to Rs 21.60 Crores (Rupees Twenty One Crore Sixth Lac only) with 5 % increase for all the subsequent years. We are not aware of Status of premium deferment, PIU to reply. 3. All dues (damages or penalties ) on NHAI payable by Concessionaire We are not aware of dues (damages or penalties) on NHAI payable by Concessionaire. This is for your kind information and necessary action please. ‘Thanking You, pee Zakir Hussain Durrany (Team Leader) LEA Associates South Asia Pvt. Ltd. 107 Shyam Vihar, Near RTO Office, Udaipur- 313001, T: 0294-2980413 Email: lasaudaipur@lasaindia.com www lasaindia.com Copy to: Mr. Anupam Gupta, Executive Director (IE), LASA, New Delhi corporate omnes! 5 ExE-27, Mohan Cooperative nda Estate, Mathura Roa, New Ooi 10084, nda ‘Tar ottiaasr 355082 41678150, Fac 0-11-4167 60S, 207 1082, ra mat asalasia com, Vet: asa com Certified Leueigiegeereg pute leeeaton Noroor UPs800U HOOP TCDS. piece ahd Overseas Oca: 2 SinpacesheSsowarae Canad «Chica # Kenyae MavituseOran® Tarzana # UsandaProject Ofice’ ‘iates Asia Pvt. + aia oh ere nena | eeesees = Pioneer infra Consultants Pvt. Ltd. Jasaudalpur@gmail.com_ [ ‘Chainage ‘Sr.No. - Side Length (Mtr.) 30 1974035 '197+080 -RHS 45 31: 197+090 197+100 ‘RHS 10 eit 32 = 197+390 19744! ‘RHS 60 39 200+800 200+850 ‘LHS: 50 43 (201+750 - 201+850 ‘LHS 1 100 | 44 205+315, 205+500 LHS 40 ail a7 (206+550 | /206+620 ‘LHS 70 ser 438 | 207+200 7 (207+350 ‘LHS 150 ‘S51 207+600 " 207+700 LHS 100 2 2074950 208+000" ws 30 54 208+380 ~~ 208+520 ‘LHS 140 55 is 209+900 2094975 RHS: | 7s 56 '210+000 2104035 RHS 35 S57 210+030 210+055 y LHS 25 ra} ae Corporate Office: B-1fe-27, Maton Co-oprave Insta! Esato, Mathura Road, New Oath 11004, ri ‘el o1-112697 3050-52 4167 B18, Fax 1-11-4167 0650, 2607 1082. small: isea@lasanda com, Webate: wi asin com (Coparate enseaton Nobo 748900. O5SPTOOSS TED (Overseas Offices: 1 BangdesneBstwarae Cana «Cio Kenya MauftuseOman # Tarzan ¢ Usanta ‘An ISO 9001:2015 Certified reward “TimgmeaesLEA Associates South Asia Pvt. Ltd. ssrSiyan veer eek taro ects Pioneer Infra Consultants Pvt. 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Ltd. 107 Shyam Vist steagocornny ere fonts eae vent Ss Soeuee ee Pioneer Infra Consultants Pvt. Ltd. Jasaudalpu@gmall com [e Chainage £ Sr.No. — Side Length (Mtr,) From ® 153 250+210 250+250_ LHS 7 40 154 250+400. 250+750. ‘LHS 350 as 155 2504450 250+600 LHS 150 16. | 2554250 | 255+325 RHS Giags: [asa 255370 iis 2 158, 2 255+640 2554678 HS: iE 38 159 255+719 255+800 RHS 81 A Total Length 18612 Bes EES ects mete tenatgovec a icons ae arte Fa tg rai ar toners E-mail asa@!ssaindla.com, Website: www lasaindis.com Certified LE Adecrig in engineering ae Groce tenteaton Number UP4eG001 TSOP TOSSED (Overseas Omtcess * BarladesheSctswanae Canada @Eniopa ® Kenyae MauriuseOman Tanzania # UgandaSURAT TA TSTATT BAPEVSSTOT ——gearvonone eran eseerones ee veer afte comrf ware) PRR! Fox :91-14-25099507 / 2508 National Highways Authority of India (Ministry of Road Transport and Highways) ‘hes We 6, Baet-10, wee, ae Reett-110075 6.5 6 Sectort0, Owain, New Debit10075 1200 NHAW/GM (F)/re.Def./2019/ 144243 Dated: 19/11/2019 To, Ws. Shreenathji Udaipur Tollways Pvt. Ltd. Sadbhav House, Opp. Law Garden Potice Chow, Ellis Bridge, Ahmedabad-380006 Sub: Review of premium deferment for the year 2016-17 & 2017-18 in respect of-M/s Shreenatinj Udaipur Toliway Private Limited , in the project “Four-Laning of Gomti Chauraha- Udaipur section of NH-B from (km. 177.000 to kin.” 260.100) in the state of Rajasthan under NHDP Phase IV" to be execuited on DBFOT pattern- sir, Please refer the approval of deferment vide sanction letter no NHAI/11041/CGM {F)/3/2017/95650 dated 27.02.2017. Premium was deferred on the basis of projected cash flow statement submitted by you and the same was subject to review after close of each financial year in ‘terms of para 3 (0) of the approval letter. 2. The financial statements, Escrow bank statement and clarification on observations provided by you were examined. On the basis examination of actual data, premium deferment for the year 2017-18 has been worked out as under. For the Year-2017-18 - (Rs in Crores) Smo. Particulars Projected Petwal ( Subject to limits ine ppl | — [Operation And Maine Behe Services 7 Whether the revenue defi figures given under projections a Revenue premium beyond 5% _ { Whether premiunn paid is more than Revenue - column 1)3. _In view of the above, you are requested to pay the balance in respect of the year 2017-18 amounting to Rs. 7.26 Cr. with applicable interest & penal interest for the financial year 2017-18. The above demanded premium may be remitted within 7 days of receipt of this letter This is issued with the approval of Competent Authority and subject to Audit. Goat (Dinesh Gupta) GM (Finance) Copy to: PD-PIU Udaipur With the request to recover premium payable along with applicable interest. GM(T}- Rajasthan: for information and necessary action, Escrow Bank(age oftaes sik wort dares) s National Highways Authority of India ee (Ministry of Road Transport & Highways) ‘fer eel ae ag, aay, ae acs, eat der, ds Pr, eC) 313001 ject Inpleneotaton Unt, Udi lot 465, ear Sara Daly Geverdha ils, aspera) 31301 ‘GATT /Phone 0294) 2640047/48 $-A/Emal uda@nhaLorg achat NHAI/PIU/Udai/GU/Premium// 6 6} 19.11.2019 ‘Ws. Shreenathji-Udaipur Tollway Pvt. Ltd C/o. Sadbhav Engineering Limited Near Havmore Restaurant, Navarangpura Cross Road, Navrangpura, Ahmedabad (Guj) - 380 006 Email: info@sadbhav.co.in Sub: Four laning of Gomati Chauraha - Udaipur Section of NH-8 (from Km 177/000 to Km 260/100) in the state of Rajasthan under NHDP Phase IV on DBFOT (Toll) basis: Review of Premium deferment for year 2016-17 & 2017-18 - Reg. Ref: NHAI HQ letter No. NHAI/GM (F)/Pre.Def./2019/144243 dated 18.11.2019 Sir, In reference to above cited subject it is to state that NHAI HQ vide letter dated 18.11.2019 as referred above has directed SUTPL to pay the balance of premium in respect of year 2017-18 amounting to Rs. 7.26 Cr with applicable interest and penal interest for the financial year 2017-18. The copy of the referred letter is enclosed herewith with the direction to pay the premium amounting to Rs. 7.26 Cr with applicable interest and penal interest within 7 days of receipt Of this letter, failing which the amount shall be recovered from Escrow Account. General Manager (Tech.) Project Director Encl: As above. Copy to: (i) The CGM(T) RO, Jaipur - for kind information please. (i) Shri Dinesh Gupta, GM (F), NHAI HQ - for information please. (iti) Accounts Officer/Manager (T), PIU, Udaipur - for ensuring directions of the NHAI HQ. ward eraiera : wie &. AS Ua 6, Aaet-10, grent, WE feeelt - 110075 Saude + hitpy/wwwnhalgovin No. G5 & 6, Sector - 10, Dwarka, New Delhi - 110075 Website : hitp:/hwww.nhal gov.insored esta SAE WTPAC geen Lsvasmsseraarcne 9 ate tie ceo seer) rer rec esate” 1 aes National Highways Authority of Ine (Ministry of Road Transport and Highways) 5 oe, deee-10, erm, -Tf Ret-10075, (G56, Sect 10, Ova, New Dati NHAI/GM (F)/SUTPL/2019/14 6 4 29 Dated 27/12/2019 M/s Shreenathji Udaipur Tollway private Limited Regd office “Sadbhav House”. Opp. Law Garden Police Chowki, Ellis Bridge, Ahmedabad- 380006. Subject :- Four laning of Gomati Chauraha- Udaipur section off NH-8 (from Km 177/000 to km 260/100) in the state of Rajasthan under by NHAI or proposed sale of shares held by the shareholders. Clarification on in-principle approval by NHAI or proposed sale of shares held by the shareholders: reg. Ref:- Your letter No. SUTPL/NHAI/FY2019-20/00014, dated 12/12/2019. Sir, Please refer your letter under reference where you have submitted compliances of conditions and requested to issue the final NOC. In this connection it is informed that you are required to submit an undertaking that Project/Maintenance status as informed by Technical Division including liabilities of Concessionaire needs to be disclosed by Indinfravit trust in the prospectus/offer documents. But the same has not been submitted. In view of above, you are requested to provide an undertaking from the Indinfravit Trust that above project maintenance status including liabilities shall be disclosed by InfraviT Trust in their prospectus/Offer Documents. Further, regarding pending damages of Rs.3,09,26,238/-, you are requested to submit an undertaking from the Indinfravit Trust that the said damages will be paid as and when the outcome of the representation of Concessionaire is communicated to them. Dinesh Gupta GM (Finance) Ench-Annexure-As-above: