Agenda for Approval Committee meeting for SEZ Pune Cluster to be held on 28 March 2024. — 00-embassy-pune-techzone-pvt-ltd-sez

SEEPZ SPECIAL ECONOMIC ZONE ANDHERI (EAST), MUMBAI.

AGENDA FOR

MEETING OF THE APPROVAL COMMITTEE FOR SECTOR SPECIFIC SPECIAL ECONOMIC ZONE FOR IT/ITES AT PUNE OF M/S. EMBASSY PUNE TECHZONE PVT. LTD.-SEZ

DATE : 28.03.2024

TIME : 11:00 A.M.

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MEETING OF THE APPROVAL COMMITTEE FOR SECTOR SPECIFIC SPECIAL ECONOMIC ZONE FOR IT/ITES AT PUNE, UNDER THE CHAIRMANSHIP OF DEVELOPMENT COMMISSIONER, SEEPZ-SEZ ON 28.03.2024

INDEX

Agenda Item No.

Subject

Agenda Item No. 01: - Confirmation of the Minutes of the meeting held on 29.02.2024 Agenda Item No. 02: - Application for Approval of Change in Board of Director submitted by M/s. Nitor Infotech Pvt Ltd.-(Unit-I & II)

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File No.S-SEZ-PRO0EPTP/19/2022-JDCP 1

GOVT. OF INDIA, OFFICE OF THE ZONAL DEVELOPMENT COMMISSIONER, SEEPZ – SEZ (PUNE CLUSTER)

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AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a) Proposal: - Proposal submitted by M/s. Nitor Infotech Pvt Ltd. Unit-I and Unit-II IT/ITES units located in Embassy Pune TechZone Pvt Ltd.- SEZ forChange in Board of Directors. b) Specific Issue on which decision of Approval Committee is required: - Approval of the Committee for Change in Board of Directors,in terms of Instruction No. 109 dated 18.10.2021, as detailed below: Existing List of Board of Directors:

Sr. No. Name of the Director Designation Appointment Date 1. Mr. Pradeep Nair Director 06.07.2023 2. Mr. Vinay Verma Director 06.07.2023

Proposed List of Board of Directors:

Sr. No. Name of the Director Designation Appointment Date 1. Mr. Pradeep Nair Director 06.07.2023 2. Mr. Vinay Verma Director 06.07.2023 3. Mr. Prakash Balasubramanian Additional Director 01.12.2023 c) Relevant provisions: - As per para (i) of Instruction no. 109, dated 18.10.2021,

“Reorganization including change of name, Change of Shareholding pattern, business transfer arrangements, court approved mergers and demergers, change of constitution, Change of Directors, etc. may be undertaken by the Unit Approval Committee (UAC) concerned subject to the condition that the Developer/Co-developer/ Unit shall not opt out or exit out of the Special Economic Zone and continues to operate as a going concern. All liabilities of the Developer/Co-Developer/Unit shall remain unchanged on such reorganization.”…

d) Other Information: - ➢ M/s. Nitor Infotech Pvt Ltd. Unit-I and II has submitted application for following LOA Nos. o Unit 1-LOA No. SEEPZ/PEPPL-SEZ/NIPL/20/2016-17/25809 dated 29.08.2016

File No.S-SEZ-PRO0EPTP/19/2022-JDCP 2

o Unit 2 LOA No. SEEPZ/PEPPL-SEZ/NIPL/21/2016-17/25806 dated 29.08.2016 ➢ Units have submitted following documents: o Online Application for change in Director o A copy of Board resolution for appointment of Director. o Copy of all LOAs o Form DIR-12 of newly appointed Director with Challan o CA/CS certified list of director before and after change in director. o CA/CS certified Shareholding Pattern before and after change in director. The units have submitted that, there will be no change in Shareholding pattern due to change in composition of Board of Directors. o Undertaking in terms of Instruction No. 109 o Undertaking regarding personal liability arising, if any against the resigning director ➢ Reason for change in board of directors: The units have informed that, there has been change in composition of board of directors of the company due to the appointment Mr. Prakash Balasubramanian, as Additional Director on 01.12.2023.

d) ADC’s Recommendation:

➢ Approval committee may kindly consider the proposal of Units for Change in Board of Directors., in terms of Instruction no. 109 issued by MOC&I.

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