Agenda for Approval Committee meeting for SEZ Pune Cluster scheduled on 30 -May -2024. — 02-11-syntel

AGENDA FOR SECTOR SPECIFIC SPECIAL ECONOMIC ZONE FOR IT/ITES AT PUNE OF M/S. SYNTEL INTERNATIONAL MEETING OF THE APPROVAL COMMITTEE FOR | PVT LTD -SEZ. DATE ४; 30.05.2024 TIME : 12:00 P.M. KRERKERERE EER ER ER ERE

Agenda Item No. Subject Agenda Item No. 01: - Confirmation of the Minutes of the meeting held on 09.02.2024 Agenda Item No. 02: - Application for Approval of Change in name of the company, Board of Director and Shareholding Pattern submitted by M/s. State-Street Syntel Services Private Limited (LOA No. 38 and 04 KREKEKRKEKRKEEERRERERERERER

Members present Sr Name and Designation Department (S/Shri.} 1 (Smt. Mital Hiremath Joint Development Commissioner 6 Cluster SEZ, Pune 2 (Smt, Bharati Ahuja, Assistant Commissioner, Income Tax Nominee of Income Tax, Pune 3 (Dr. Dileeraj Dabhole, Deputy DGFT Nominee of DGFT, Pune 4 (Smt, Leena Nair Nominee of Customs, Pune Superintendent, Customs Special Invitee Sr Name and Designation 1 hri Shambhu Dayal Meena, Specified Officer Agenda tte, No.01: Confirmation of Minutes of the 47th meeting held on 05.12.2023. The Committee, after deliberation, confirmed the minutes of the 47th meeting of the Approval Committee held on 05.12.2023. Agenda Item No.02: Monitoring of Performance in r/o M/s State Street Syntel Services Pvt Ltd. The performance of the unit for 5 years of उप Block period fic., FY 2018-19 to 2022-23) was placed before the Committee for Monitoring purpose. After deliberation, the Approval committee noted the performance of M/s Syntel Pvt Ltd for the 5 years of 371 Block period, ie., FY 2018-19 to 2022-23 in terms of Rule 54 of SEZ Rules, 2006. * The Unit has achieved export revenue of Rs. 689.22 Crores as against projected export of Rs 341.95 Crores ie. 201.55 % and has achieved positive cumulative NFE of Rs 634.46 crores ie. 92.06% in the 3° Block

0.1577...___.........7.7् X्X्X्X7ौ.| 2021-22 0377४8......7.7़7़ n.्X.्X.़n़ n़ n़् Xप् X.!। Total (2.1698 Since providing of “Services” in DTA against INR does not qualify as ‘Services’ as per definition given in Section 2(z) of the SEZ Act, 2005, Unit has violated the provisions of SEZ Act & Rules and hence Committee after deliberation, directed to initiate action against the unit and to issue Show Cause Notice for violation of various provision of SEZ Act / Rules and under Foreign Trade (Development and Regulation) Act, 1992. The Committee also directed the Unit to complete filing of pending SOFTEX by 31.03.2024, Mecting ended with a vote of thanks to the Chair. hero (Rajesh Kumar 0107४, IRS) Chairman-cum-Development Commissioner

IT/ITES units located in Syntel International Pvt Ltd -SEZ for Change in name of the company, Board of Director and Shareholding Pattern. b. Specific Issue on which decision of Approval Committee is required: * Approval of the Committee for Change in name of the company, Board of Director and Shareholding Pattern in terms of Instruction No. 109 dated 18.10.2021, as detailed below: i. Change in name: frites of company before Change Name of Company after change Limited M/s. State-Street Syntel Services Private Limited /s. State-Street Services Private ii, Change in Board of Directors: Existing List of Board of Director: Sr. No. Name of the Director Designation Date of Cession /Resignation 1. {Mr. Sundarraj Venkatesan Managing Director NA 2. 7. Gregory Charles York |Director NA 3, unoy Banerjee Director NA 4. [David Patrick Keohane Director 06.10.2023 5. atin Kamat Director 02.10.2023 6. nil Agrawal Director 02.10.2023 7. Rakesh Khanna [Director 02.10.2023 Proposed List of Board of Director: Sr. No. Name of the Director Designation Date of Appointment 1. r. Sundarraj Venkatesan Director 03.01.2019 2, rv, Gregory Charles ४67९ Director 03.02.2022 3. Aunoy Banerjee Director 16,11.2016

No. Shares __|Shares held|Share capital] Holding quity shares tate Street 1. International Holding Pf Rs- 10/- हा 40 9.0018% each tate Street Syntel Equity shares 2. |Services (Mauritius) of Rs. 10/- 3,09,747 3,097,470 99.9977% imited each quity shares 3. [Syntel Delaware LLC _ jf Rs. 10/- 3 30 0.0010% ach ‘OTAL 3,09,754 | 30,97,540 100 Proposed Shareholding Pattern: Sr. | Name of Shareholders Class of No. of Paid up | Percentage of No. Shares [Shares held|Share capital} Holding Equity shares tate Street 7 7 1. International Holding BERS. आई 7 बा 0.0013% each tate Street Syntel Equity shares 2. |Services (Mauritius) of Rs. 10/- 3,09,747 30,97,470 99,9987% imited each ‘otal 3,09,754 | 30,97,540 100 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. State-Street Syntel Services Private Limited., is granted LOA NO. SEZ/PUNE/5B/2008-09/53 dated 28.03.2008 is located at Block 5-1, Gr.

The Unit has submitted following documents: © List of Directors before and after the name change of the company and shareholding pattern attached. Copy of DIR-12 and challan copies for appointment and Cessation of Directors. Updated list of directors’ post changes in directorship Certificate of Share Holding Copy of PAN and Aadhar Card of the Directors Copy of the amended PAN in the new name attached. Copy of board of resolution for application of change of name of company. Copy of the IEC Certificate with name change Certificate of Incorporation pursuant to change of name Copy of change in PAN name. Undertaking as per the provisions of instruction 109 Copy of the name change application made for GST registration certificate. 0 0०००७ 0०००७ * Reason for change in Board of Director: The unit has submitted that, due to the appointment of Arvindam Banerrji Additional Director, Alok Maheshwary Director, Venkataramesh Babu Kaza Director, and resignation of David Patrick Keohane, Yatin Kamat, Anil Agrawal and Rakesh Khanna there is change in Board of Director. e. ADC’s Recommendation: Approval Committee may consider the proposal of the Unit for Change in name of the company, Board of Director and shareholding pattern, in terms of Instruction no. 109 issued by MOC&I for both the LOAs located in Syntel SEZ as follows: i. LOA No. NO. SEZ/PUNE/5B/2008-09/53 dated 28.03.2008 and ii. LOA NO.SEEPZ-SEZ/SIPL-SEZ/SSSSPL/04/2012-13/2265 dated 21.02.2008 located in Syntel SEZ. YOK Jue ADE