Minutes of the Approval Committee Meeting held on 28.04.2026 (Mindspace-SEZ)

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Minutes of 142% Meeting of the Approval Committee for Sector Specific Special Economic Zone of M/s . Mindspace Business Parks Pvt . Ltd. - SEZ, Airoli, Navi Mumbai, under the Chairmanship of Development Commissioner, SEEPZ - SEZ held on 28 . 04 . 2026, at Conference Hall, 2nd Floor, The Office of the Development Commissioner, SEEPZ -S EZ, Andheri (East), Mumbai

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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|1.|Name|of the|SEZ|:|M|/s|.|Mindspace|Business|Parks|Pvt.|Ltd|.|
|2|.|Sector|:|IT/TES|
|3|.|Meeting|No|.|:|442nd|
|4|.|Date|:|28|.|04|.|2026|
|Sufead|Aas|/|Members|Present:|
|Maga|al|ala|da|pl|ld|aTOat|
|Name|of Members|Designation|Organization|
|1|St.|FA|HN|.|AAR|gen|Preps|3a,|Ricat|-|Bst|
|Shri|.|Mayur|R|.|Mankar|Jt|.|Development|SEEPZ|-|SEZ|
|Commissioner|
|2|st.|Yate|sara|Rah|Ah|sAAHst|TAR|Woh|HAA,|qs|h|aac|
|Shri.|Sunil|Aghawane|Joint|Commissioner,|Income|Nominee|of Commissioner|of|Income|
|Tax|Tax|office,|Mumbai|
|3|St|Shade|Hawg|Bu|fagern|staitewdt|sate|Seiund,Aas|&|arfeta|
|Shri.|Backiyavelu|Mutharasu|Deputy|Director|DGFT|Nominee|of the|Additional|DGFT,|
|Mumbai|

issioner|of|Income|
|Tax|Tax|office,|Mumbai|
|3|St|Shade|Hawg|Bu|fagern|staitewdt|sate|Seiund,Aas|&|arfeta|
|Shri.|Backiyavelu|Mutharasu|Deputy|Director|DGFT|Nominee|of the|Additional|DGFT,|
|Mumbai|
|4|st|tdig|heft|aaa|Ga|Yow|ayh|Mla|Yow|BGM,|seNe,|WAN|avait,|
|Shri|Ravindra|Keny|Assistant Commissioner|of|lgerz|&|arfardt|/|
|Customs|Nominee|of Commissioner|of Customs,|
|General,|Air|Cargo,|Sahar|
|5|St|Uta|arleht|Sarat|fatter|Smt|ssedlat,|Fee|Bat|&|arfact|
|Shri|Dhananjay|Koli|Industry|Inspector|Nominee|of DC|Industries,|
|Government|of|Maharashtra|
|San aa|alert|fafatée|afters|arsseua|—A|at|
|Smt|.|Smitha|Nambiar|Specified|Officer|MINDSPACE|—|SEZ|
|7|St|Aa|Aalst|we|fafafes|sifted|ares|t-|Ast|
|Shri.|Jay|Manoj|Shah|Specified|Officer|SEEPZ|—-|SEZ|

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age Ag Bea O1: -

fect 24 . 03 . 2026 Hl 31lfeld 141d) dow aaiga hr gfe!

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nage Ag Wea _O2: - AM 338 deft uead (ssa) wsde fefaes oh UIT A wh as sas Fad ara td side|

Shri Rahul Shivannagol, ADC (NEW SEZ), Shri Hanish Rathi, ADC (NEW SEZ), Shri Soodershan Shindde, ADC (New SEZ), Shri Jai Deep, ADC (NEW SEZ), Shri Aman Kumar Sharma, ADC (NEW SEZ) and Shri Palash Shankar, ADC (SEEPZ - SEZ) also attended for assistance and smooth functioning of the meeting .

Agenda Item No. O1: -

Confirmation of Minutes of the 1415t Meeting held on 24 . 03 . 2026 .

The Minutes of the 141S¢ Meeting held on 24 . 03 . 2026 were confirmed with consensus.

Agenda Item No. O2: -

Application for setting up of a new unit i.r. o . M /s . Indus Valley Partners (India) Private Limited .

||||||||||||Capacity (Not|||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Item(s) Description|||||||||IT~~C_HS Code~~||required for|Units||||
||||||||||||service unit)|||||
|IT &<br>IT Enabled <br>&Management|||Services (Software Development (CPC~~-~~842)<br>ConsultingServices(CPC~~-~~865)||||||9983/842865|||2633008~~.~~00|US Dollar<br>($)||||

Proposed Area in Mindspace-SEZ: -

Admeasuring Area: 1,98,997 sq . mtrs . at Unit No . 802, 8" Office Floor, (11! Building Level), in Building No.3, Mindspace -S EZ, TTC Industrial Area, Thane, Belapur Road, Airoli (East), Mumbai — 400708 .

Employment: _- a

Foreign Exchange Balance Sheet: -

||Details|Details|Details|Details||||;<br>FOB<br>Value of Exports in<br>first five years|;<br>FOB<br>Value of Exports in<br>first five years|;<br>FOB<br>Value of Exports in<br>first five years|;<br>FOB<br>Value of Exports in<br>first five years|;<br>FOB<br>Value of Exports in<br>first five years|;<br>FOB<br>Value of Exports in<br>first five years|;<br>FOB<br>Value of Exports in<br>first five years|;<br>FOB<br>Value of Exports in<br>first five years|;<br>FOB<br>Value of Exports in<br>first five years|;<br>|Foreign Exchange Outgo<br>for the first five years|;<br>|Foreign Exchange Outgo<br>for the first five years|;<br>|Foreign Exchange Outgo<br>for the first five years|;<br>|Foreign Exchange Outgo<br>for the first five years|;<br>|Foreign Exchange Outgo<br>for the first five years|;<br>|Foreign Exchange Outgo<br>for the first five years|Net Foreign Exchange<br>Earnings for the first five<br>years (1) ~~— ~~(2)|Net Foreign Exchange<br>Earnings for the first five<br>years (1) ~~— ~~(2)|Net Foreign Exchange<br>Earnings for the first five<br>years (1) ~~— ~~(2)|Net Foreign Exchange<br>Earnings for the first five<br>years (1) ~~— ~~(2)|Net Foreign Exchange<br>Earnings for the first five<br>years (1) ~~— ~~(2)|Net Foreign Exchange<br>Earnings for the first five<br>years (1) ~~— ~~(2)|Net Foreign Exchange<br>Earnings for the first five<br>years (1) ~~— ~~(2)|Net Foreign Exchange<br>Earnings for the first five<br>years (1) ~~— ~~(2)|Net Foreign Exchange<br>Earnings for the first five<br>years (1) ~~— ~~(2)|

rnings for the first five<br>years (1) ~~— ~~(2)|Net Foreign Exchange<br>Earnings for the first five<br>years (1) ~~— ~~(2)|Net Foreign Exchange<br>Earnings for the first five<br>years (1) ~~— ~~(2)|
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|ral<br>Total<br>($¢|||||in||~*(T035.~~0~~0||||||||||539~~.~~75||||||10195~~.~~25|||||||||
||thousands)|||||||11981~~.~~54|||||||||911~~.~~78||||||11069~~.~~76|||||||||

fewrra_:- faaz - faat a aa, afafa a sez fea, 2006 & faa 17 31k 18 & ded UH as SHS ruta aa am far Aa 33a del Uead (ssa) wsde fetes & wea at FsRt & aT|

Decision: - After deliberation, the Committee approved the proposal of M /s . Indus Valley Partners (India) Private Limited for setting up a new unit in terms of Rule 17 & 18 of SEZ Rules, 2006 .

age Aq Bea O03: -

Agenda Item No. 03: -

AM Va Us et taeetch Blader fafaes facta %q 3deaet (LO A- 50 31 03 HT LOA - 18 A facta)

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|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|AM|Va|Us|et|taeetch|Blader|fafaes|Application|for|Merger|of|M|/s|.|L|&|T|
|facta|%q|3deaet|(LO|A-|50|31|03|HT|LOA|-|18|A|Technology|Services|Ltd|.|(LO|A-|50|&|03|into|
|facta)|LOA|-|18)|
|Projection|Details:|-|
|Sr|.|Item|Approved|Achieved|Achieved|Revised|projections|
|No|.|projections|(UNIT||projections|(UNIT||projections|(UNIT||(pos|t|-merger)|
|II)|IV)|V)|
|ps6|hos|es|les|es|es|rose bea|
|Import|and|
|Indigenous|
|requirement|of|
|material|and|
|other|inputs|(Rs.|
|In|Lakhs)|
|(i)|Imported|1,100|.|00|831|.|00|1,509|.|00|3,440|.|00|
|Capital|goods|
|(ii)|Indigenous|{700.00|1,373.00|991.00|3,064.00|
|fastCapital|goods|awoco|zo|n|——‘soo|m|o|—ison|c|o|
|3|Services|(Rs.|In|
|Lakhs)|
|(i)|Indigenous|810|.|00|810|.|00|4,500|.|00|19,055|.|00|
|Services|
|4|FOB|Value|of|57,477|.|00|48,105|.|00|36,643|.|00|1,42,225|.|00|
|Exports|(Rs.|In|
|Lakhs)|

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enous|810|.|00|810|.|00|4,500|.|00|19,055|.|00| |Services| |4|FOB|Value|of|57,477|.|00|48,105|.|00|36,643|.|00|1,42,225|.|00| |Exports|(Rs.|In| |Lakhs)|

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```text
|Foreign Exchange|Foreign Exchange|Foreign Exchange|Foreign Exchange|Foreign Exchange|Foreign Exchange|Foreign Exchange||26,16~~1.~~00||26,16~~1.~~00|4,183~~.~~00|4,183~~.~~00|17,847~~.~~00|17,847~~.~~00|48,191~~.~~00|48,191~~.~~00|
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|outgo (Rs.<br>In|||||||||||||||
|Lakhs)|||||||||||||||
|Net|Foreign||||||31,316~~.~~00||43,922~~.~~00||18,796~~.~~00||94,034~~.~~00||
|Exchange|||||||||||||||
|Earnings||(Rs~~.~~|||In||||||||||
|Lakhs)|||||||||||||||

@ The details of Unit premises post-Merger of LOA: -

Proposed Address of the unit pos t- merger

Office 201, 202, 2™ Office floor, 5°" office floor, 6" office floor, Bldg . No . 3, In IT/ITES SEZ of M/ s . Mindspace Business Parks Pvt . Ltd. —SEZ, TTC industrial Area, Thane Belapur Road, Mindspace, Airoli, Navi Mumbai, 400708 Area in Sq . mtrs: 10,791 . 49 (Area in sq . ft: 1,16,140)

Mindspace Business Parks Pvt . Ltd. —SEZ, TTC industrial Area, Thane Belapur Road, Mindspace, Airoli, Navi Mumbai, 400708 Area in Sq . mtrs: 10,791 . 49 (Area in sq . ft: 1,16,140)

favia_:- faay - faay & aa, afafa a Age Decision: - After deliberation, the Committee Va Us et taeletch Blader feferes (LO A- 50 approved the proposal of M /s . L & T 3R 03 aw LOA - 18 A fA fem aan) Technology Services Ltd . (LO A- 50 & 03 Ueda Hl AsR & atl Be Weaa UH s SEZ A merged into LOA - 18) for merger of three of fad seach dia SHIsal & fara A Faftea their units existing in the same SEZ in terms am, 31k Sa SEZ fAaqa, 2006 & faa 19 (2) of in term of the proviso of Rule 19 (2) of sez & gn b Wawel & ded Hot a TSI Rules, 2006. agen cg Ue Ue 04: - Agenda Item No. 04: - Aae faut fefaes & Baar A hea hea cata Application for setting up cafeteria i.r. o . M RA ¥qq Heda /s . Wipro Limited .

agen cg Ue Ue 04: - Aae faut fefaes & Baar A hea hea cata RA ¥qq Heda

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fevla_:- faa & qa, alata a sez frag, 2006 & faa 11 (5) 3X MoC&l faa Pear 95, fect 1 1. 06.2019, 3IScH ASA 3 (a) h IX, AAA faut fees ow uat A vaH dheRa Luta wa wm wag w Fae = at | age Aq eal Os: - Aas vedisisarssel fees (LOA - 16) ala URada aa fadcetvasat ht godt a Utada tq 3dact|

Decision: - After deliberation, the Committee approved the proposal of M /s . Wipro Limited for setting up of a cafeteria in their premises in terms of Rule 11 (5) of the SEZ Rules, 2006 and MoC&l Instruction No. 95 dated 11.06.2019, item no. 3 (a). Agenda Item No. O5: - Application for change in name and in list of directors/ partners in respect of M /s . LTIMindtree Limited (LOA - 16)

The details of Change of name, Shareholding Pattern and Board of Directors of the Company as under -

A . Change in Name:

From M /s. LTIMindtree Limited M /s . LTM Limited

• The unit has stated vide their letter that there is no change in the shareholding pattern of the company.

B . The details of Change in Board of Directors:

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||||||||||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
|Existing|list|of|Board|of||Designation|New|list|of|Board|of|Designation|
|Directors|Directors|
|Mr|.|S|N|Subrahmanayan|—||No|n-|Executing|Vice|{Mr|.|S|N|Subrahmanayan _||No|n-|Executing|Vice|
|Chairman|Chairman|
|2||Mr.|R.|Shankar Raman|INon|-|Executing|Director|Mr|.|R.|Shankar Raman|
|3|Mr.|Nachikhet|Deshpande|President|Global|Al|Mr|.|Sanjeev Aga|Independent|Director|
|Services,|Strategic|
|Deals|and|Partnerships|
|and|Whole|Time|
|Director|
|Mr.|Sanjeev Aga|Independent|Director||Mr|.|James|Varghese|Independent|Director|
|Abraham|
|Mr|.|James|Varghese|Independent|Director||Mr|.|Vinayak|Chatterjee|Independent|Director|
|Abraham|
|6_|Mir. Vinayak Chatterjee|[independent|Direcior_|Mir|.|Apurva|Purohit|
|7||Mr. Apurva|Purohit|Independent|Director||Mr|.|Bijou|Kurien|Independent|Director|
|Mr.|Bijou|Kurien|Independent|Director||Mr|.|Chandrasekaran|Independent|Director|
|Ramkrishnan|
|Mr|.|Chandrasekaran|Independent|Director||Mr|.|Venugopal|Lambu|Chief|Executive|Officer|
|Ramkrishnan|&|Managing|Director|
|Mr.|Venugopal|Lambu|Chief|Executive|Officer|
|&|Managing|Director|
|*There|is|change|in|composition|of board|of Directors.|

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ishnan|&|Managing|Director| |Mr.|Venugopal|Lambu|Chief|Executive|Officer| |&|Managing|Director| |*There|is|change|in|composition|of board|of Directors.|

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~~fewra_:-~~ frat ~~-f~~ aaga am ae, afAafa a aise vd sa Aaa oh falar Bea 109 etn 18 ~~.~~ 10 ~~.~~ 2021 & FTA 3K sn fader a Seafaa wt & HQT hb tha, Aaa Veldlstsarssel ferfaes (LOA ~~-~~ 16) & 31Uch Hud m& fadean Asa Al Udell Ud HUT h aA A URddea & Wea HT Fat a al

## ~~Hage Aa Wea O06: -~~ Aa VeaAZISATSSEr feifaies (LOA ~~-~~ 16) Wate cr ferret PCat ~~-~~ Ast / AVIS /BA ~~-A~~ BW/ 16 /2010 ~~-~~ 11/4193 . feet 23.03 ~~.~~ 2011 (el Healet Ta) 

ay 2024 ~~-~~ 25 & fax aft favmad Rute sas aa Ueda st msl sas a faa av 2021 ~~-~~ 22 @ 2024 ~~-~~ 25 aw adl 3nMrT WwW 2,358 ~~.~~ 08 ails Sua Al GaHcap Ye facell Fal sista AT SI ft av 2024 ~~-2~~ 5 ff afte Gata Rare A ate ae afd faa woo hb Gavi A, Wetec a Alda far ¢ fe gna wis A TINA ST HL feat oa el aenten, alen Peaua Rute AMT Heat td y frat feat 2025 & Y, saiet sada Rafa at saa fare aél rar ar Bar eI 

~~Decision: -~~ After deliberation, the Committee approved the proposal of M /s ~~.~~ LTIMindtree Limited (LOA ~~-~~ 16) for changes to the composition of its Board of Directors and the name of the Company, in terms of Ministry of Commerce & Industry Instruction No ~~.~~ 109 dated 18.10 ~~.~~ 2021 and subject to compliance of the conditions mentioned in the said Instruction ~~.~~ 

~~Agenda Item No. O6: -~~ Monitoring of performance of M /s ~~.~~ LTIMindtree Limited (LOA ~~-~~ 16) 

SEEPZ ~~-~~ SEZ/NEWSEZ/SERENE ~~-~~ THANE/16/2010 ~~-1~~ 1/4193 dated 23.03 ~~.~~ 2011 (Original LOA)

a Item No. O6: -~~ Monitoring of performance of M /s ~~.~~ LTIMindtree Limited (LOA ~~-~~ 16) 

SEEPZ ~~-~~ SEZ/NEWSEZ/SERENE ~~-~~ THANE/16/2010 ~~-1~~ 1/4193 dated 23.03 ~~.~~ 2011 (Original LOA) 

The Annual Performance Report for the year 2024 ~~-~~ 25 was submitted by the unit ~~.~~ The unit has achieved positive NFE of Rs ~~.~~ 2,358 ~~.~~ 08/ ~~-~~ Crores on cumulative basis for the FYs 2021 ~~-~~ 22 to 2024 ~~-2~~ 5 ~~.~~ With reference to the pending foreign remittance reflected in the APR for FY 2024 ~~-2~~ 5, the unit has informed that the outstanding amount has since been cleared ~~.~~ However, as these details for the preparation of the verification report were dated December 2025, the updated status has not been incorporated therein ~~.~~ 

~~fevla: -~~ fraxz ~~-f~~ aaeat & aa, afafa a wasss feaqH, 2006 & fae 54 & WaH A Asseua ~~-~~ wWisas A Rad Aad vediansarssel fefaes (LO ~~A-~~ 16% Wearla Ut tae fearl sas A faa av 2021 ~~-~~ 22 A 2024 ~~-~~ 25 dw Fadl 3ry Ww 2,358 ~~.~~ 08 mils Sua Al GHNcaH Ye facell Fel soit Ar SI 

dom HCA HT TeTaS UEAT & MY ATeeT FS | 

~~Decision: -~~ After deliberation, the Committee noted the performance of the M /s ~~.~~ LTIMindtree Limited (LOA ~~-~~ 16) located at Mindspace ~~-~~ SEZ in terms of Rule 54 of SEZ Rules, 2006 ~~.~~ The unit has achieved positive NFE of Rs. 2,358.08/ ~~-~~ Crores on cumulative basis for the FYs 2021 ~~-~~ 22 to 2024 ~~-2~~ 5 ~~.~~ 

Meeting concluded with a vote of thanks to the Chair ~~.~~ 

DDate:igitally2026 si ~~.g~~ 05ne ~~.d~~ 26 Byr10:2Bhyan5:2eshwar3 IST Patil

ve basis for the FYs 2021 ~~-~~ 22 to 2024 ~~-2~~ 5 ~~.~~ 

Meeting concluded with a vote of thanks to the Chair ~~.~~ 

DDate:igitally2026 si ~~.g~~ 05ne ~~.d~~ 26 Byr10:2Bhyan5:2eshwar3 IST Patil 

Shri ~~.~~ Dnyaneshwar B Patil Development Commissioner SEEPZ ~~-~~ SEZ