Corporate Office : 802, Natraj by Rustomjee,

Western Express Highway, Sir M.V. Road Junction,

Andheri East, Mumbai - 400069.
Tel: 4168 9900 / 6121 3400 Fax: 4168 9934

Private and Confidential

17-Aug-2023

Employee Name: Mukesh Kumar,

Dear Mukesh,

On behalf of Aadhar Housing Finance Limited, we take great pleasure in making an offer to be a part of
team Aadhar. Please find enclosed your offer cum appointment letter.

On receipt of the offer cum appointment letter, kindly provide us with your acknowledgement along
with Acceptance of Offer cum appointment letter, Consent for checking your CBIL records, Consent for
initiating process of Back ground verification, copy of your resignation acceptance in your current
Organization.

Please note that your joining is subject to Submission of documents for proof of age (Aadhar Card),
academic qualification certificates, last 3 month salary slips and relieving / resignation acceptance letter
from past employers, address proof. Please quote your reference number, which is appearing at the top
of this letter for all future correspondence.

In case you have any further queries feel free to contact me. My contact number and address is given
below

Address: Corporate Office : 802, Natraj by Rustomjee,

Western Express Highway, Sir M.V. Road Junction,
Andheri East, Mumbai - 400069.

Email Address: Taslim.gazi@aadharhousing.com, Telephone (Direct): 022-41689827

Yours Sincerely,

Taslim Gazi
Head- Talent Acquisition
 Corporate Office : 802, Natraj by Rustomjee,
Western Express Highway, Sir M.V. Road Junction,
Andheri East, Mumbai - 400069.
Tel: 4168 9900 / 6121 3400 Fax: 4168 9934

Private and Confidential

Employee Name: Mukesh Kumar,

Dear Mukesh,

We are pleased to make you an offer of appointment at “JM2” Grade as Branch Credit Manager in
Aadhar Housing Finance Ltd. ( herein after referred to as the Company) Your initial place of posting will
be RPU Delhi Pushp Vihar.

The following are the terms and conditions of the appointment.

Commencement / Terms:

You shall be required to join the company on or before 17-Aug-2023. In case of your failure to join by
the said date, the Offer of appointment automatically stands cancelled

Remuneration:

Your Annual Fixed Compensation will be Rs. 3,50,000 (Rs. In words Three Lakh Fifty thousand Only),
the break-up of which is mentioned in Annexure I.
During the tenure of your service, you will treat your emoluments with strict confidentiality and will not
disclose them to any person in the organization, other than the management.

Benefits:
In Addition to the above, you shall be entitled to the following:-

Comprehensive Mediclaim coverage for you and your immediate family member upto Rs. 2 lac per
annum. Your immediate family includes yourself, your spouse and dependent children and dependent
parents. Apart from Mediclaim you will be covered under Group term life insurance policy and personal
accidental policy.

Retirement benefits of the company; namely Provident Fund and Gratuity, in accordance with the
statutory requirements and/or, as per company policy.

Other Terms and Conditions of Service:

Professional Ethics & Confidentiality: While you are in the Company, you are not permitted to carry on
any business or profession or enter for any part of your time, in any capacity, the services of, or be
employed by or engaged with any other firm, company or person. You will devote your whole time and
attention to the Company and to promote the interest of the Company and will not divulge to any
person or Utilize any of the Company’s secrets or Other related information (Which you may possess by
 Corporate Office : 802, Natraj by Rustomjee,
Western Express Highway, Sir M.V. Road Junction,
Andheri East, Mumbai - 400069.
Tel: 4168 9900 / 6121 3400 Fax: 4168 9934

reason of your association with the company) outside the Company. Further complete confidentiality of
all employment and compensation details is expected to be maintained by you during your period of
employment with the Company.

1. Due to the nature of your work, you will handle confidential information of the Company, its affiliates
and clients. It is a condition of employment that you will observe and maintain secrecy and
confidentiality of information relating to Company processes, operations, procedures and
transactions. You will not either during your employment with the Company, except as required in
the ordinary course of your duties with the company and at all times after the cessation of your
employment for any cause whatsoever, directly or indirectly disclose, utilize, divulge, authorize or
permit to be disclosed for your own benefit or for any other person or organization such information
which you may have acquired as a result of your employment with the Company, to anyone not
properly entitled thereto, any trade secrets, know-how and any confidential information relating to
the business or financial conditions of the Company or its affiliates or its clients.

2. You will be in exclusive employment of the Company and will not be employed by any other
company or offer your services with or without pay to any physical person, legal entity or public
authority or be occupied in your own business without the prior written permission of the Company.

IT Securities Practice & Procedures:

While you are in the service of the Company, you will adhere to the IT Security Practice & Procedures as
prescribed by the Company.

General:

Upon joining, along with all the documents mentioned in the joining docket, you will be required to
provide us with declaration of any competing business interests, compliance of business ethics and any
other declarations and undertakings that are required as per Company policies. This appointment offer
is based on the information given by you to us in your employment / personal data form and otherwise,
and shall be considered null and void if a material error/suppression or false detail is discovered therein
at any time. In that eventuality, the management can recover the payment made to you towards your
remuneration during employment
 Corporate Office : 802, Natraj by Rustomjee,
Western Express Highway, Sir M.V. Road Junction,
Andheri East, Mumbai - 400069.
Tel: 4168 9900 / 6121 3400 Fax: 4168 9934

Notice Period & Termination of Employment

1. In case you decide to leave the company’s services, you will be required to give ninety days’
notice or pay an amount equivalent to ninety days’ gross salary in lieu of the notice period.

2. The Company may terminate your services by giving 30 days’ Notice. The Company may either
retain you during all or part of the notice period or pay you in lieu of notice your salary for that
part of the notice period for which you are not retained. Notice pay will be calculated on your
last drawn Basic. Such notice shall not be deemed necessary in the case of termination of
service on grounds of willful neglect or breach of trust, or any other serious dereliction of duty,
which are prejudicial to the interest of the Company.

You services with the Company are liable to be terminated in the event of you being guilty of
misconduct or inattention or negligence in the discharge of your duties or in the conduct of the
Company’s business, or such misdemeanor which is likely to affect, or affects the reputation of the
Company’s working or of any breach of the terms and conditions herein, any incorrect information
furnished by you or suppression of any material information by you. The Company reserves its right to
terminate your services at any given point of time, with immediate effect, without any compensation or
notice.

You are bound on the cessation of your employment, to return to the Company any
property/intellectual property of the Company in your possession, including but not limited to manuals,
reports, technical and business process documentation and correspondence, etc.

Transfer:
However, you are liable to be transferred to another branch / office or to a sister / associate / other
concern whether in existence or which may come into existence hereafter, on terms and conditions
applicable to that business location or establishment anywhere in India.

Retirement:

You shall retire from the services of the company on attaining the age of 60 years.
Please note that any amendments in the appointment letter will be as described in the HR Policy manual
which is subject to change and will be notified to you on timely basis through an internal
communication.

If you are agreeable to the above mentioned terms and conditions, please intimate your acceptance to
us by returning a copy of this letter, duly signed by you, within seven days of receipt. In case no
confirmation is received within the above mentioned period the appointment letter shall be deemed to
have been withdrawn.
 Corporate Office : 802, Natraj by Rustomjee,
Western Express Highway, Sir M.V. Road Junction,
Andheri East, Mumbai - 400069.
Tel: 4168 9900 / 6121 3400 Fax: 4168 9934

You acknowledge that no prior verbal or prior written agreements/communication/letters/e-mails, prior

promises or representations that are not specifically stated in this offer will be binding on us.

You will carry all the documents in original as per the mentioned in the joining KIT, being the part of
joining formalities.

This offer is subject to verification of your credentials and background, completion of all necessary
documentation and reference check of our satisfaction, This offer stands cancelled in case we find that
the documents submitted by you or any information furnished by you, based on which we have
considered your candidature, is untrue or incomplete in any respect.

We take this opportunity to welcome you to our organization and look forward to an enjoyable and
rewarding association.

Yours Sincerely,

Taslim Gazi
Head- Talent Acquisition

I have read all the terms and conditions of the offer Cum appointment letter and would like to confirm
my acceptance.

Employee’s Signature and Date:

 Corporate Office : 802, Natraj by Rustomjee,
Western Express Highway, Sir M.V. Road Junction,
Andheri East, Mumbai - 400069.
Tel: 4168 9900 / 6121 3400 Fax: 4168 9934

Annexure I

Name: Mukesh Kumar

Location: RPU Delhi Pushp Vihar

Sr. No. Particulars Heads Per Month (Rs.) Per Annum (Rs.)
Basic 18,599 2,23,188
Monthly House Rent Allowance 5,550 66,600
A Components Special Allowance 342 4,102
Statutory Bonus 1,549 18,592
Sub-Total (A) 26,040 3,12,482
Provident Fund (Employer Contribution 12%
Annual Retiral of Basic) 26,783
B Benefits
Gratuity (4.81% of Basic) 10,735
Sub-Total (B) 37,518
C Annual Fixed Compensation (A + B = C) 3,50,000
In Words: Rs. Three Lakh Fifty thousand

1. Target Performance Pay is indicative and is based on Company Performance, Individual

achievement of KRAs and in line with the company policy. The Target Performance Pay
Component shall not be applicable to employees covered under any monthly / quarterly incentive
schemes. Please note that the incentive / performance pay, paid based on your performance and /
or productivity, is in lieu of any other bonus payable, including the bonus based on profits payable
under any law and shall be set off against the bonus payable based on profits under any law to the
extent permissible under the law.
 Corporate Office : 802, Natraj by Rustomjee,
Western Express Highway, Sir M.V. Road Junction,
Andheri East, Mumbai - 400069.
Tel: 4168 9900 / 6121 3400 Fax: 4168 9934

To
Human Resources Department
Aadhar Housing Finance Ltd.
802, Natraj by Rustomjee,
Western Express Highway,
Sir M.V. Road Junction,
Andheri East, Mumbai - 400069.

Subject: Acknowledgement of Receipt of Employee Handbook, AHFL HR Policy manual, KYC & AML
guidelines and Credit policy.

Dear Sir,

With reference to the above mentioned subject, I hereby acknowledge that I have received my copy of
the Employee Joining Kit and AHFL HR Policy Manual.

The Employee Joining Kit describes important information about Aadhar Housing Finance Ltd. The HR
Policy Manual describes in detail the HR policies and Code of conduct that I agree to abide to, during the
tenure that I will be serving with Aadhar Housing Finance Ltd. I understand that, any and all policies and
practices may be changed at any time by the company Aadhar Housing Finance Ltd. and the company
reserves the right to change my Location of work, Compensation, designation, profile and working
conditions at any time. All such changes will be communicated through official notices or e-mails or
letters or HRIS, and I understand that revised information may supersede, modify, or eliminate existing
policies. Only the Head of Human Resources and Administration of Aadhar Housing Finance Ltd., has the
ability to adopt any revisions to the policies in the Employee Joining Kit and AHFL HR policy manual
provided to me.

With this communication I also agree to abide to the KYC and AML guidelines and Credit policy provided
to me and the company reserves the right to make any changes in the Credit policy at any time. All such
changes will be communicated through official notices or e-mails or letters or circulars coming in
through the loan module, and I understand that revised information may supersede, modify, or
eliminate existing policies. Only the Head of Credit Risk Policy of Aadhar Housing Finance Ltd., has the
ability to adopt any revisions to the policies and guidelines mentioned in the KYC and AML guidelines
and Credit policy, provided to me.

I have received the Employee handbook, AHFL Policy Manual, KYC and AML guidelines and Credit policy
and I understand that it is my responsibility to read and comply with the policies contained in this
handbook and any revisions made to it.
 Corporate Office : 802, Natraj by Rustomjee,
Western Express Highway, Sir M.V. Road Junction,
Andheri East, Mumbai - 400069.
Tel: 4168 9900 / 6121 3400 Fax: 4168 9934

I understand that in case of any deviations from my end to the above, The Company can take any strict
actions against me as per the Disciplinary Action policy inscribed in the AHFL HR Policy manual which
may also result into termination of my services from the company.

Employee's Signature
Mukesh Kumar