Minutes of Approval Committee meeting held on 30.06.2023. — 03-lti-sez

Minutes of the 09% Meeting of the Approval Committee for Sector Specific Special Economic Zone of SEZ, at Mahape, Navi Mumbai, under the Chairmanship of Development Commissioner, SEEPZ-SEZ held on 30.06.2023 on Video Conferencing through Cisco WEBEX application.

1. Name of the SEZ M/s. LTIMindtree Limited.
2. Sector IT/ITES
3. Meeting no 09फ
4. Date 30.06.2023 Members Present: Sr. No. Name of = = = 1 | Shri. ९. ए. 5. Chauhan Jt. Development SEEPZ-SEZ. Commissioner, — a Nominee of Income Tax 2 Shri. Harmesh Lal i गया के गराछ। office, Kautilya Bhawan, -_ का Bandra, Mumbai. 3 Shri. Himanshu Dhar Pandey Deputy Director DGFT Nominee ofthe DGFT, Mumbai. 4 Smt. Kirti Deshmukh Deputy Director Nominee of Directorate of Industries Industries, Mumbai ASS COTIAEHORER Nominee of Commissioner of 5 Shri. V.K. Vijayan —— ee , Customs, General, Air Cargo, Sahar. Special Invitee:- Shri. R.K. Jain Specified Officer, LTIMindtree-SEZ. Shri. Haresh K. Dahilkar, ADC (New SEZ); Shri. Manish Kumar, ADC (New SEZ); Shri. Hanish Rathi, ADC (New SEZ); Smt. Rekha Nair, Assistant; Shri. G.S. Bhandari, Assistant and Shri. Ravindra Kumar, Assistant also attended for assistance and smooth functioning of the meeting. Agenda Item No. 1: Confirmation of Minutes of the 08 meeting held on 27.02.2023. The Minutes of the 08 Meeting held on 27.02.2023 were confirmed with consensus. 0400०

Agenda Item No. 02: Application of M/s. LTIMINDTREE Limited for approval w.r.t. Change in Board of Directors of the Company. The Developer requested for approval w.r.t. Change in Board of Directors of the Company and the details of change in the Directors of the company are as under: Composition of Directors as on Sr. No. 10.01.2023 Designation 1 Mr. A.M Naik Non Executive Chairman 2 Mr. S.N. Subrahmanyan Non Executive Vice Chairman 3 Mr. R Shankar Raman Non Executive Director 4 Mr. Sudhir Chaturvedi President - Sales & Whole Time Director 5 Mr. Nachiket Deshpande Chief Operating Officer & Whole-time Director | 6 Mr. Sajeev Aga Independent Director 7 Mr. James Varchese Abraham = Director ह 8 ह Mr. Rajnish Kumar 7 independent Director 7 9 Mr. Vinayak chattenes Independent Director 10 Mr. Debashish Chatterjee chief Executive Officer & Managing — | 11 Ms. Apurva Purohit Independent Director 12 Mr. Bijou a Independent Director 13 Mr. Chandrasekaran Ramakrishnan Independent Director Decision:- After deliberation the Committee approved the proposal of M/s. LTIMINDTREE Limited - SEZ for approval w.r.t. change in Board of Directors of the company, in terms of MOC&I Instruction No. 109 dated 180 October, 2021. The Committee also directed the Unit to comply with the following safeguards in terms of Instruction No. 109, dated 18.10.2021:

1. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity.

2. Fulfillment of all eligibility criteria applicable, including security clearances etc, by the altered entity and its constituents.

3. Applicability of and compliance with all Revenue/Company Affairs/SEBI etc. Acts/Rules which regulate issues like capital gains, equity change, transfer, taxability etc.

4. Full financial details relating to change in equity/merger, demerger, amalgamation or transfer in ownership etc. shall be furnished immediately to Member (IT&R), CBDT, Department of Revenue and to the jurisdictional Authority. ae

5. The Assessing Officer shall have the right to assess the taxability of the gain/loss arising out of the transfer of equity or merger demerger, amalgamation, transfer and ownerships etc. as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 1961.

6. The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable.

7. The applicant shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT.

8. The applicant shall be recognized by the new name or such arrangement in all the records. Meeting ended with the vote of thanks to the Chair. Leas Chairperson/cum- Development Commissioner