Hi Ashwin.
I have passed the same situatiin during my PMP application. And below are my advices:
1. As long as your managers agreed to verify your experience, PMI will accept such experience.
2. You will need your managers approve your experience only if your application is selected for audit. But better be prepared like you did.
3. It is better if you use newer experiences, it will be easier for you and for the approvers to remember.
4. Report only enough experience, don't report the whole experience. Because if you get audited, you will have to verify all reported experiences.
Good luck with your application and exam.