MAHAPHANT FIBRE-CEMENT (SOUTH ASIA) PVT. LTD.

101, D. S. Udyog Bhavan, Veera Desal Road, Andheri (West), Mumbaj - 400 053. INDIA.
Tel. +91-22-26744343 / 4646 Fax: +91-22-26734115
Email: info@shera.in

Ref: MSA/F&F/23-24/o9 30-Sep-23

To
Mr. Pranav Ambhore
Flat no A31, Sai Residency, Behind Sharad Pawar
Market yard, Panchavati, Nashik - 42200
Phone: 9923567143
Email: pranav.ambhore@yahoo.com

Subject: Eull and Final Settlement &Release Agreement

This has reference to your resignation letter, We wish to state that your resignation is accepted and
you are relieved on 15-July-2023.

Please find attached your Full and final settlement vide Cheque No. 014267 The calculation for your F
& F settlement is attached along with.

Non-Disparagement, Non-Solicitation &Confidentiality Agreement

As part of the release from the duties of the company, you agree that you will not at any time

1. You shall not engage in conduct, or make statements or representations, that disparage or
otherwise tend to impair the reputation, goodwillor interests of the Company or the Employees
except as necessary to uphold regulations and the law;

2. You shall not be employed by or employ or enter into partnership with any person, who had been
associated with the company for the last one year from the date of your release from the
Company;
3. You shall not, either on your own account or in conjunction with or on behalf of any person, firm
or company solicit or endeavor to entice away from the Company any of its employee or
consultant whether or not such person would commit abreach of contract by reason of leaving
service or office;

4. You shall not in any manner directly or indirectly on

your own account or as agent, partner,
director or employee of any other person approach any of the clients or prospective clients of the
Company for the purposes of soliciting any business nor shall he take up
other assignment from any of the clients or prospective employment with or any
clients of the company;

-tuupti
 MAHAPHANT FIBRE-CEMENT (SOUTH ASIA) PVT. LTD.
101, D. S. Udyog Bhavan, Veera Desal Road, Andhert (West), Mumbal - 400 053. INDIA.
Tel. +91-22-26744343/4646 Fax: +91-22-26734115
Emal: Info@shera.in
5. Youshallnot in any manner provide or divulge any IPR or any information in any manner and form
whatsoever for the purpose of and/or relating to the rendering, seling, supplying, marketing or
distributing of products or services constituting part of the business of the Company including
rendering any assistance for the purpose of improving, modifying, upgrading or making any
betterment to any existing process, know-how, software methodology or technology whatsoever
for the purpose of and/or relating to the manufacturin8, selling, supplying, marketing or
distributing of the same whether or not the same is patented or proprietary or otherwise;

6. You shall not by any means and at any time use any information, whatsoever concerning the
business or the affairs of the Company which you may have got possess during the course of your
assignment with the Company in any manner which may cause loss or injury to the Company and
should you have come into possession of any confidential information, trade secrets or

7. Business methods you undertake irrevocably and unconditionally not to disclose these to any
other party at any time. The restrictions contained in this Paragraph shall not apply:
to any disckosure or use authorized by the Company or required by law or any regulatory
and/or licensing authority;
toany trade secrets, business methods or information which may lawfully have come into
the publicdomain; or
any disclosure required by an order issued by a court of competent jurisdiction.

8. Youacknowledge and agree:

o that each of the provisions from Para 1 to 6 above constitutes an entirely separate and
independent restriction on you;
that the duration, extent and application of each of the restrictions are reasonable and no
greater than is necessary for the protection of the interests of the Company:
that, if any such restriction shall be adjudged by any court of competent jurisdiction to be void
or unenforceable as going beyond what is reasonable In the circumstances for the protection
of the interest of the Company but would be valid if a part of the wording thereof was deleted
and/or the period thereof was reduced and/or the area dealt with thereby was reduced the
said restriction shall apply within the jurisdiction of that court with such
modifications as may
be necessary to make it valid and effective; and
o that the legal remedies for breach of the restrictions set forth in this
letter are inadequate and
therefore agrees that, in addition to all other remedies available to the Company in the event
of abreach or a threatened breach of any such
restriction, the Company may obtain
temporary, preliminary and permanent injunctions against any and all such action.

-Acuptd,
 MAHAPHANT FIBRE-CEMENT
101, D. S. Udyog Bhavan,Veera Desai Road, (SOUTH ASIA) PVT. LTD.
Andheri (West), Mumbai - 400 053. INDIA.
Tel. +91-22-26744343 /4646 Fax:
+91-22-26734115
Email: info@shera.in

This covenant shall be interpreted in the widest possible

commercial sense and shail be observed, in
letter and in spirit.

You will not at any time after your termination present yourself to be held out or
presented as being
in any way connected with or interested in the business of the Company or directly or índirecty make,
publish or otherwise communicate any derogatory or defamatory statements whether in writing or
otherwise concerning the Company or any of its or their agents, consultants, directors, employees,
officers, shareholders or workers. While the restrictions set out above are considered to be reasonable
in all the circumstances it is agreed that if any one or more of such restrictions either taken by itself
or themselves together, are adjudged to go beyond what is reasonable in all the circumstances for the
protection of the legitimate interests of the Company but would be adjudged reasonable if any
particular restriction or restrictions were deleted or if any part or parts of its or their wording were
deleted, restricted or limited in a particular manner then the restrictions set out above will apply with
such deletions, restrictions or limitations as the case may be

This Release agreement shall be governed by and construed in accordance with the laws of Republic
of India and will be under exclusive jurisdiction of Courts ín Mumbai.

The Company has agreed to release the dues to the employee above in consideration of which the
Employees have agreed to sign this Release Agreement.

Iwish you good luck inyour future endeavors.

For MAHAPHANT FIBRE CEMENT(SOUTH ASIA) PVT.LTD.

AANY CEMEN
E MUMBAI

Snehal Poipkar
Manager-Human Resource

Signed and Accepted on

Pranav Ambhore