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ECONOMY " EXCELLENCE " ETHICS

MERINO INDUSTRIES LIMITED

CIN: U51909WB1965PLCO26556
GST No.: 07AAACC9186C3ZN
70, KLJComplex, 2nd Floor
Moti Nagar, New Delhi - 110015, India
MIL/ Motinagar /HR/2023 PO11-45557000
27-Sep-2023 E merinodelhiømerinoindia.com
W www.merinoindia.com

Mr. Vikas Sharma

Emp Code: VOS393
S/OAshok Kumar Sharma,
Teacher Colony, Kashipur, Udham Singh Nagar,
Uttarakahand, 244713

Subject: Appointment Letter

Dear Vikas Sharma,

With reference to your application for employment and the subsequent interviewyou had with us, we are pleased to
appoint you in our organization, as "Assistant GeneralManager -SolutionArchitect" in "Information Technology"
department with effect from 27-Sep-2023, under the following terms and conditions:

1. PLACE OF WORK: You will be placed at Motinagar however, you may be transferred to any other department or
division of the company at any point of time at the discretion of the management.
2. RESPONSIBILITY: Your Responsibility Profile will be provided to you separately.
3. REPORTING: You wll be reporting to the Director or any other officer as may be prescribed and informed to you
from time to time.

4. PROBATION: You will be on probation for aperiod of 6 months from your date of joining. Your services may be
confirmed, extended or terminated at the end of your probationary period depending on your performance, during
probation. It may be valid that your services will not be confirmed unless intimated to you by the company in writing.
5. EMOLUMENTS:A detailed list of your payments and deductions are in Annexure I.
6. DEDUCTIONS: Deductions willbe made from your salary, as required under various laws of the land, relating to your
employment with the Company.
7. GRATUITY: You will be entitled to gratuity at the time of separation from the Company on superannuating
otherwise, if eligible, for the same under the provisions of the Payment of Gratuity Act,1972.
LEAVE: You will be entitled to leave from the date of joining, as under:
Earn Leave - In accordance with the company's leave rule in this regardas applicable to you.
b. Casual Leave-7days per annum.
Sick Leave 10days per annum.

in the currentyear, you wilinot be eligible to avail any earn leave. However,you can avail the accumulated earn leave in
the next year.
9 MEDICAL EXAMINATIONS: The Company reserves its right to put you under medical examination from time to

time. This appointrment willat all times be subject to the Companys doctor, certitying you to be physically and
mentally fit to carry out your duties.

Signature:

Registered office: 5, Aexandra Court, 60/1,Chowringhee Road, Kolkata -700020 P033-22901214 F033- 22870314 [email protected]
 ECONOMY EXCELLENCE " ETHICS

MERINO INDUSTRIES LIMITED

CIN: U51909WB1965PLCO26556
GST NO.:07AAACC9186C3ZN
70, KLJComplex, 2nd Floor
Moti Nagar, New Delhi-110015, India
PO11-45557000
E [email protected]
W www.merinoindia.com

10. NO SIMULTANEOUS EMPLOYMENT: While employed with this Company, you will not in any circumstances be
permitted to work for any other firm or person, either whole time or part time, to own or in any way be associatea
With any firm or person as advisor, direct or partner, whether paid or not for your services, without prior or written
permission of the Company.
11. CONFIDENTIALITY OF INFORMATION: During the period of your services, you shall not disclose,
divulge or pass
Over to anyone, trade secrets, information relating to our business, financial matters,
manufacturing process,
drawings, data plans, documents, correspondence, photographs, reports, statements patents,
collaborator's technology or know how connected with the business of the company which comesinventions to your
knowledge or has been made known to you by the management.
12. TRANSFER: That you may be transferred to any
Section/Department/Unit or Branch of the Company in India either
existing or which may come into existence in future.
13. TERMINATION OF SERVICE: Either party shall have the right of
party 15 days' notice in writing during the probation period and terminating
this agreement by giving the other
45 day's notice in writing after confirmation to
that effect, subject to the condition of successful handing over of
the charges to the
management. The company can terminate your services on account of any misconduct, non-satisfaction of the
breach of terms of employment. performance and
14. DISCIPLINE: That you will be governed by the
statutory laws of the state as applicable to you and company's
standing orders policies, practices, rules, regulations, systems and
applicable from time to time-governing the conduct, discipline and workingprocedures oral/written instructions as
of the establishment.
15. POSTAL ADDRESS: That you will inform the
management in writing in case of any change in your address within 3
days of the change failing which your last address
available shall be deemed correct for the purpose of sending
letters to you.
16. IDENTITY: You will be identified under an
Employment Code Number. The said member will be referred for all
purposes till you are in employment with the company.
17. RIGHT OF PROPERTY:

During the period of your services and thereafter, you shall

not disclose, divulge or pass over to anyone,
trade secrets, information relating to our business,
data plans, documents, financial matters, manufacturing process, drawings,
correspondence, photographs, reports,
collaborator's technology or know how connected with the business of statements,
the
patents, inventions,
knowledge has been made known to you by the
or company which comes to your
permission of the Managing Director. management, without the written and express
b. Any drawings, programmes, process and
quality tests/checks developed by you during your
with the company, will belong to the
company and you will have no intellectual employment
over the same. Copies of all drawings, property or other right
at the time of leaving the service of the programmes
and process sheets must be returned to the
Company. company

Signature:

Registered Office: 5, Aiexandra Court, 60/1, Chowringhee Road, Kolkata - 700020 P 033 -
22901214 F033- 22870314 Emerinokol@merinoindia com
 KeriKO
ECONOMY EXCELLENCE FTHICS

MERINO INDUSTRIES LIMITED

CIN: U51909WB1965PLCO26556
GST No:07AAACC9186C3ZN
70, KLJ Complex, 2nd Floor
Moti Nagar, New Delhi 110015, India
P O11 -45557000
E [email protected]
W www.merinoindia.com

18. RESPONSIBILITY TOWARDS COMPANY'S PROPERTY: That you will responsible to maintain company's property
and machinery/equipments which may be given to you for official use/discharge of duties during the course of
your employment, in good condition.
19. RESPONSIBILITY TOWARDS NON-SHARING OF PERSONAL SYSTEM: That you will responsible not to share your
personal system, user id in your department/ office/factory or region with anybody within or outside the group.
20. CONDUCT: That you will not accept any money, gift, reward, gratitude or compensation etc. in any form for
personal gains under obligation from any person or company with whom you may be having official dealings.
Z1. FTNESS: That your appointment and continuation in the employment will always be subject to your remaining
physically and mentally fit and alert. The management may send you for medical checkup/examination to any
Doctor/ Registered Medical practitioner at any time during the course of employment. The decision of the doctor
in this regard shall be final and binding upon you.
22. RETIREMENT: That you will retire on attaining the age of 58 years or earlier if found
physically unfit.. For the
purpose of retirement your date of birth as mentioned in the application form with the
certificates of your age as
proof shall be final if it is genuine.
23.. BEHAVIOUR: You will not engage yourself in any such
act or activity, which may bring the company in
disrepute.
24. FALSIFICATION: This appointment is made on the basis of information provided by you in the
also at the time of interview. Should it prove application and
appropriate action.
untrue/incorrect at any time, the Company reserves its
right to take
25. FACILITIES: That you will arrange of your own
of any specific work, you will be vehicle and accommodation to attain duties on regular
entitled for accommodation and vehicle as per basis. In case
Kindly sign the duplicate copy of this letter as a
company policy.
token of acceptance of your
mentioned above. appointment on the terms and conditions
Thanking you,

Yours Sincerely,
For Merino Industries Limited

Ravi Chopra
Group Chief HR Officer

Signature:

Registered Office: 5, Alexandra Court, 60/1,

Chowringhee Road, Kolkata -700020 P 033 - 22901214F 033 - E
 ReriNO)
ECONOMY EXCELLENCE ETHICS

MERINO INDUSTRIES LIMITED

CIN: U51909WB1965PLCO26556
GST No.:07AAACC9186C3ZN
70, KLJ Complex, 2nd Floor
Moti Nagar, New Delhi- 110015, India
P011 -45557000
E [email protected]
WwwW.merinoindia.com

Other Appointment Terms

Date: 25-Sep-2023

Employee Name: Mr. Vikas Sharma

Designation: Assistant General Manager -Solution Architect
Department: Information Technology
Date of Joining: 27-Sep-2023

Disclaimer:
The company hold and will hold certain employment record that may include but shall not be limited to your personal
sensitive information, professional qualifications and experiences, performance appraisals, disciplinary details,
remuneration details etc. as part of its general employee record keeping. The company may disclose any of aforementioned
requisite information to any agency or person for professional purposes; however, the company assumes no responsibility
nor assumes any liability with respect to any misuse of the information by the agency or person otherwise.
Consent:

Ihereby agree to the above terms and conditions and will abide by it and also give my consent to the above disclaimer.

Name of Employee Signature

 CONOMY XCELLENC FTHCs

MERINO INDUSTRIES LIMITED

CIN: U51909WB1965PLCO26556
GST No.: 07AAACC9186C3ZN
70, KLJ Complex, 2nd Floor
Annexure I Moti Nagar, New Delhi 110015,
India
P011-45557000
[email protected]
Sharma
Employee Name: Mr. Vikas W www.merinoindia.com

Designation: Assistant General Manager

Date of Joining: 27-Sep-2023

Salary Details (Monthly) Amount

Amount
Component (Deductions)
Component 1800
916667 Employee Contribution to PF
Basic
45834 Employee Contribution to ESIC
HRA
200 Professional Tax
Education Allowance
Uniform Allowance 1000 Employee Contribution to LWF

Other Allowance 38275

176976 Total Deduction 1800
Gross Salary
Statutory Contribution
Employer Contribution to PF 1950

Employer Contribution to ESIC

Gratuity* 4407

Bonus

Employer Contribution to LWE

Cost to Company 183333 Net Salary 175176

Fixed CTC 2200000

Annual performance based variable pay

Annual CTC 2200000

*Payment of gratuity as per Gratuity Act.

*Monthly Amounts derived from Fixed CTC and therefore could have negligible variance on account of decimal round off
*You shallalso be eligible for loyalty bonus which shallbe paid to you monthly @16,666/- for 24 months(2 Lac p.a. over &
above CTC) from the date of your joining in MIL &thereafter will be merged with your TCTC. However, in case you decide
to leave before completion of 24 months from date of joining, you will have to pay back to the Organization allthe Loyalty
Bonus paid to you till date.

YQurs Sincerely,
Fot Merino Industries Limited

RaviChopra
Group Chief HR Officer
Signature:

Registered Office: 5, Alexandra Court, 60/1, Chowringhee Road, Kolkata - 700020 P033-
22901214F033- 22870314 Emerinokol@merinoindia com
 India
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