Minutes of Approval Committee meeting held on 30.06.2023. — 04-mindspace-sez

Minutes of the 118 Meeting of the Approval Committee for Sector Specific Special Economic Zone of ,, at Airoli, Mumbai, under the Chairmanship of Development

1. Name of the SEZ : M/s. Mindspace Business Parks Pvt. Ltd.
2. Sector : IT/ITES
3. Meeting no ४8 «L1eh
4. Date : 30.06.2023 Members Present: | Sr.No. Name of Members | Designation Organization 1 | Shri. P.S. Chauhan 11926ए8 जगह SEEPZ-SEZ. | Commissioner, | joine Commissioner Nominee of Income Tax office, | 2 Shri. Harmesh Lal है _ | Kautilya Bhawan, Bandra, Income Tax | हिI । | है __ | Mumbai. है ॥ | | | | | inee of the DGFT | 3 Shri. Himanshu Dhar Pandey | Deputy Director DGFT Nomines "नाता, ॥ | Mumbai. 4 Smt. Kirti Deshmukh । Deputy Director Industries at ol Directorate of | Industries, Mumbai. | Asstt. Commissioner Nominee of Commissioner of 5 Shri. V.K. Vijayan | ae किV : हु Customs, General, Air Cargo, | Customs S | | Sahar. | | Special Invitee:- Shri. R.K. Jain : Specified Officer, Mindspace-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. 01: Confirmation of Minutes of the 117 meeting held on 29.05.2023. The Minutes of the 117" Meeting held on 29.05.2023 were confirmed with consensus. Agenda Item No. 02 : Application of M/s. LTIMINDTREE Limited (LOA-16) for approval w.r.t. Change in Board of Directors of the Company. vad

The Unit has 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: Sr. No. aad cer Teo ais = Designation 1 Mr. A.M Naik Non Executive Chairman ps 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 Varghese Abraham | Independent Director 8 | Mr, Rajnish Kumar Independent Director | Gi | Mr. Vinayak Chatterjee | Independent Director | 10 Mr. Debashish Chatterjee | Chief Executive Officer & Managing Director 1 | Ms. Apurva Purohit | Independent Director | | 12 | Mr. Bijou Kurien । Independent Director | | 13 | Mr. Chandrasekaran Ramakrishnan | Independent Director | Decision:- After deliberation the Committee approved the proposal of M/s. LTIMINDTREE Limited (LOA-16) for approval w.r.t. change in Board of Directors of the company, in terms of MOC&I Instruction No. 109 dated 1870 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.

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. 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, Laer 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. Agenda Item No. 03: Application of M/s. LTIMINDTREE Limited (LOA-51) for approval w.r.t. Change in Board of Directors of the Company. The Unit has 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: Sr.No. on ason 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 Varghese Abraham | Independent Director 8 Mr. Rajnish Kumar | Independent Director 9 Mr. Vinayak Chatterjee | Independent Director 10 Mr. Debashish Chatterjee | Chief Executive Officer & Managing Director | 11 Ms. Apurva Purohit | Independent Director | 12 | Mr. Bijou Kurien Independent Director 13 Mr. Chandrasekaran Ramakrishnan Independent Director Decision:- After deliberation the Committee approved the proposal of M/s. LTIMINDTREE Limited (LOA-51) for approval w.r.t. change in Board of Directors of the company, in terms of MOC&I Instruction No. 109 dated 18% October, 2021. The Committee also directed the Unit to comply with the following safeguards in terms of Instruction No. 109, dated 18.10.2021:
9. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity.
10. Fulfillment of all eligibility criteria applicable, including security clearances etc, by the altered entity and its constituents.
11. Applicability of and compliance with all Revenue/Company Affairs/SEBI etc. Acts/Rules which regulate issues like capital gains, equity change, transfer, taxability etc.

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. Nia 4 ale

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. Agenda Item No. 04: Application of M/s. LTIMINDTREE Limited (LOA-59) for approval w.r.t. Change in Board of Directors of the Company. The Unit has 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: Sr. No. neers a as on 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 Varghese Abraham | Independent Director । | 8 | Mr. Rajnish Kumar | Independent Director | 9 | Mr. Vinayak Chatterjee | Independent Director | | 10 | Mr. Debashish Chatterjee | Chief Executive Officer & Managing Director 11 Ms. Apurva Purohit | Independent Director | । 12 Mr. Bijou Kurien | Independent Director | 13 Mr. Chandrasekaran Ramakrishnan | Independent Director | Decision:- After deliberation the Committee approved the proposal of M/s. LTIMINDTREE Limited (LOA-16) for approval w.r.t. change in Board of Directors of the company, in terms of MOC&I Instruction No. 109 dated 18th October, 2021. The Committee also directed the Unit to comply with the following safeguards in terms of Instruction No. 109, dated 18.10.2021:

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

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

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

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. 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. Agenda Item No. 05 : Application of M/s. LTIMINDTREE Limited (LOA-61) for approval w.r.t. Change in Board of Directors of the Company. The Unit has 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: Sr. No. cease ason 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 है Chief Operating Officer & Whole-time Director | 6 Mr. Sajeev Aga a independent Director 7 Mr. James Varghese Abraham Independent Director 8 Mr. Rajnish Kumar | Independent Director । 9 Mr. Vinayak Chatterjee | Independent Director 10 | Mr. Debashish Chatterjee 7 | Chief Executive Officer & Managing Director 11 | Ms. Apurva Purohit | Independent Director | 12 Mr. Bijou Kurien | Independent Director 13 Mr. Chandrasekaran Ramakrishnan | Independent Director है | ॥ Decision:- After deliberation the Committee approved the proposal of M/s. LTIMINDTREE Limited (LOA-61) for approval w.r.t. change in Board of Directors of the company, in terms of MOC&lI Instruction No. 109 dated Uae

18% 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.

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. 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. Agenda Item No. 06: Application of M/s. DST Worldwide Services India Private Limited for approval w.r.t. change of name of the company from DST Worldwide Services India Private Limited to SS&C Fintech Services India Private Limited and change in composition of Board of Directors of the company. The Unit has requested for approval w.r.t. change of name of the company from DST Worldwide Services India Private Limited to SS&C Fintech Services India Private Limited and change in composition of Board of Directors of the Company. There will be no change in Shareholding Pattern of the Company due to Change in name and composition of Board of Directors of the Company. The details of change in the Directors of the company are as under: Sr. | Board of Directors Before Change ofnameas | Board of Director after Change of name No. | per Form-F | Date of Name of कर z & $ Date of | Director esignation विl Name of Director | Designation Appointment Ch ~ | 1 प्र Director | 23/06/2016 | CherukuriManjula | Director | 23/06/2016 | Manjula | | | | | y2 ॥ Kevin M Lysaught | Director 25/03/2019 | KevinMlLysaught | Director | 25/03/2019 g | David Michael | Director | 25/03/2019 | David Michael Director | 25/03/2019 | Fellows | | | Fellows | ५०४३४

Christopher Daniel | | Benner | | Shankar Narayan | | Gawde | Director 15/12/2015 Director 28/06/2019 | Srinivas Raju | Penmatcha | | पा 1 1 ' Director | 30/06/2020 Decision:- After deliberation, the Committee approved the proposal of M/s. DST Worldwide Services India Private Limited for Change of name of Company i.e. from DST Worldwide Services India Private Limited to SS&C Fintech Services India Private Limited and change in composition of Board of Directors of the Company in terms of Instruction No. 109 dated 18.10.2021. 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.

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. 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. Agenda Item No. 07 : Application of M/s. Inventurus Knowledge Solutions Limited for approval w.r.t. Change in Board of Directors of the Company. The Unit has 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: Sr. No. Name of Director 1. UTPAL HEMENDRA SHETH 95 IBERJIS MINOO DESAI 3: OSEPH CHARLES BENARDELLO 4. MIT GOELA be w

SACHIN GUPTA (CLARENCE CARLETON KING II : MARY KLOTMAN 8. KEITH ANTHONY JONES Decision:- After deliberation the Committee approved the proposal of M/s. Inventurus Knowledge Solutions Limited for approval w.r.t. change in Board of Directors of the company, in terms of MOC&lI Instruction No. 109 dated 18% 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.

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. 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. Agenda Item No. 08 : Monitoring Performance of the unit M/s. CitiusTech Healthcare Technology Private Limited (LOA-10) located at Mindspace- SEZ for the period 2019-20 to 2021-22. The Annual Performance Report for the years 2019-20 to 2021-22 was submitted by the Unit and verified by the Specified Officer, Mindspace - SEZ vide letter dated 21.06.2023. The unit has achieved positive NFE of Rs. 62503.50 Lakhs on cumulative basis as per S.O.’s verification report. Decision:- After deliberation, the Committee noted the performance of M/s. CitiusTech Healthcare Technology Private Limited (LOA-10) located at Mindspace - SEZ for the period 2019-20 to 2021-22 in terms of Rule 54 of SEZ Rules, 2006. wv”

Agenda Item No. 08 : Monitoring Performance of the unit M/s. GlobeOp financial Services (India) Private Limited (LOA-57) located at Mindspace- SEZ for the period 2018-19 to 2021-22. The Annual Performance Report for the years 2018-19 to 2021-22 was submitted by the Unit and verified by the Specified Officer, Mindspace - SEZ vide letter dated 21.06.2023. The unit has achieved positive NFE of Rs. 20357.75 Lakhs on cumulative basis as per S.0.’s verification report. Decision:- After deliberation, the Committee noted the performance of M/s. GlobeOp financial Services (India) Private Limited (LOA-57) located at Mindspace - SEZ for the period 2018-19 to 2021-22 in terms of Rule 54 of SEZ Rules, 2006. Meeting ended with the vote of thanks to the Chair. (07 का on-cum- Development Commissioner