IN FORCE SEZ / EOU / FTWZ 2025-09-11

11/09/2025 — 07-3-eon-kharadi-phase-i

Subject

07-3-eon-kharadi-phase-i

Document text

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. EON KHARADI INFRASTRUCTURE PVT. LTD.-SEZ, PHASE I.

DATE : 12.09.2025

TIME : 11.00 AM

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 12.09.2025

INDEX

Agenda Item No.

Subject Agenda Item No. 01 :- Confirmation of the Minutes of the meeting held on 29.07.2025 Agenda Item No. 02 :- Action taken report for the Minutes of the meeting held on 29.07.2025 Agenda Item No. 03 :- Monitoring of Performance of
M/s. Virtusa Consulting Services Pvt. Ltd Agenda Item No. 04: - Application for approval of Change in Board of Directors and Change in Shareholding pattern of the Company in r/o M/s. S G Analytics Pvt. Ltd. Unit-I Agenda Item No. 05: Application for approval of Change in Board of Directors and Change in Shareholding pattern of the Company in r/o M/s. S G Analytics Pvt. Ltd. Unit-II

मैसस ईओएन खराडी इंाटचर ा. लिमटेड-चरण- I एसईजेड, खराड़ी, पुणे, के आईटी-आईटीईएस सेटर के िव#श% िवशेष आ'थक )े* के लए )ेीय िवकास आयु, सी-ज़-एसईजेड, मुंबई क0 अ2य)ता म4 29.07.2025 को आयो6जत अनुमोदन सिम8त क0 129 व9 बैठक का िववरण। 1 एसईजेड का नाम मैसस.ईओएन खराडी इंाटचर ा. लिमटेड-एसईजेड, चरण I 2 )े आईटी/आईटीईएस 3 मी<टग नं 129 वी 4 तारीख 29.07.2025

उप?थत सदय: @. नाम और पदनाम (एस/Bी.)
िवभाग 1 Bीमती िमतल िहरेमठ संयु, िवकास आयु, पुणे Eटर एसईजेड, पुणे 2 Bी अ#भनव राठी उप आयु,, आयकर िवभाग आयकर िवभाग से नािमत 3 Bी संजीव पािटल, उFोग अ8धकारी महारा% सरकार से नािमत 4 Bी. मंचक जाधव, उप-)ेीय अ8धकारी महारा% दूषण िनयंण बोड से नािमत 5 Bीमती पुIपा गंगावणे, एफटीडीओ पुणे डीजीएफटी िवभाग से नािमत 6 Bी शांत रोहणेकर, अधी)क सीमा शुKक िवभाग पुणे नािमत िवशेष आमंि*त : @. नाम एवं पदनाम(Bी/ Bीमती) िवभाग 1 Bी. शLभू दयाल मीना, िविनMद% अ8धकारी सी-ज़-एसईज़ेड, पुणे Eटर

एज4डा आइटम नंबर 01: िदनांक 30.06.2025 को आयो6जत 128 व9 बैठक के कायवृO क0 पुि% िवचारिवमश के बाद, सिम8त ने 30.06.2025 को आयो6जत अनुमोदन सिम8त क0 128 व9 बैठक के कायवृO क0 पुि% क0। एज4डा आइटम नंबर 02: 30.06.2025 को आयो6जत बैठक के कायवृO के लए क0 गई कारवाई Pरपोट। िवचार-िवमश के बाद, सिम8त ने 30.06.2025 को आयो6जत बैठक के लए क0 गई कारवाई Pरपोट नोट क0 है।
एज4डा िवषय @ 03: मेसस यूपीएस लॉ6ज?टस ाइवेट लिमटेड के दशन क0 िनगरानी िवचार-िवमश के बाद, सिम8त ने एसईजेड िनयम, 2006 के िनयम 54 के अनुसार, इकाई के दूसरे Rलॉक के अं8तम दो वष अथात िवO वष 2024-25 और 2025-26 म4 दशन को नोट िकया। इकाई ने िSतीय Rलॉक अव8ध के अं8तम 2 वषT अथात् िवO वष 2024-25 और िवO वष 2025-26 म4 114.09 करोड़ Vपये के अनुमािनत िनयात क0 तुलना म4 56.21 करोड़ Vपये का िनयात राजव ाW िकया है। इकाई ने संचयी आधार पर िSतीय Rलॉक अव8ध के दूसरे वष म4 204.05 करोड़ Vपये अथात 95.92% का सकाराXमक एनएफई ाW िकया है। एज4डा िवषय @ 04: मेसस Yलोबल एडवरटाइZजग सMवसेज ाइवेट लिमटेड के दशन क0 िनगरानी िवचार-िवमश के बाद, सिम8त ने एसईजेड िनयम, 2006 के िनयम 54 के अनुसार, इकाई के तीसरे Rलॉक अव8ध के पाँचवे वष अथात िवO वष 2024-25 और चौते Rलॉक अव8ध के पहले वष अथात िवO वष 2025-26 म4 दशन को नोट िकया। इकाई ने तीसरे Rलॉक अव8ध के अं8तम वष अथात िवO वष 2024-25 म4 संचयी आधार पर 72.39 करोड़ Vपये के अनुमािनत िनयात क0 तुलना म4 84.28 करोड़ Vपये का िनयात राजव ाW िकया है और 434.11 करोड़ Vपये का सकाराXमक एनएफई ाW िकया है| इकाई ने चौथे Rलॉक अव8ध के पहले वष अथात िवO वष 2025-26 (जून 2025 तक) म4 संचयी आधार पर 80.64 करोड़ Vपये के अनुमािनत िनयात क0 तुलना म4 17.79 करोड़ Vपये का िनयात राजव ाW िकया है और 16.53 करोड़ Vपये का सकाराXमक एनएफई ाW िकया है| इकाई ने 602 कमचाPरय] (पुVष-422, मिहला-180) को रोजगार दान िकया है।

एज4डा िवषय @ 05: मेसस एलटीआईमाइंडटी लिमटेड के िनदेशक मंडल म4 पPरवतन:- िवचार-िवमश के बाद सिम8त ने एमओसीआई Sारा जारी िदनांक 18.10.2021 के िनद^श सं_या 109 के अनुसार िनदेशक मंडल म4 पPरवतन के लए इकाई के ताव को मंजूरी दे दी, 6जसका िववरण नीचे िदया गया है: िनदेशक मंडल क0 तािवत सूची: @मांक िनदेशक का नाम पदनाम 1. Bी शेखरीपुरम नारायणन सु`abयन गैर-कायकारी अ2य) 2. Bी वेणुगोपाल लाLबू

सीईओ और बंध िनदेशक

Bी राममूcत शंकर रमन

गैर-कायकारी िनदेशक

Bी न8चकेत देशपांडे

अ2य) - वै8dक एआई सेवाएँ, रणनी8तक सौदे और साझेदाPरयाँ और पूणकालक िनदेशक 5. Bी संजीव आगा

वतं* िनदेशक

Bी जेLस वगfस अ`ाहम

वतं* िनदेशक 7. Bी िवनायक चटजf

वतं* िनदेशक 8. सुBी अपूवा पुरोिहत

वतं* िनदेशक 9. Bी िबजौ कुPरयन

वतं* िनदेशक 10. Bी चंgशेखरन रामकृIणन

वतं* िनदेशक यह अनुमोदन वा#णhय एवं उFोग मं*ालय Sारा जारी िनद^श सं_या 109 म4 िनधाPरत शतT के अधीन है। अ2य) को धiयवाद jापन के साथ बैठक समाW हुई। Minutes of the 129th Meeting of the Approval Committee held under the Chairmanship of Zonal Development Commissioner SEEPZ-SEZ, Mumbai for Sector Specific Special Economic Zone for IT/ITES of M/s. EON Kharadi Infrastructure Pvt. Ltd.–Phase-I SEZ, Kharadi, Pune, held on 29.07.2025. 1 Name of the SEZ M/s. EON Kharadi Infrastructure Pvt. Ltd.-SEZ, Phase I 2 Sector IT/ITES 3 Meeting No. 129th Meeting 4 Date 29.07.2025

Members present: Sr No. Name and Designation(S/Shri.) Department 1 Smt. Mital Hiremath Jt. Development Commissioner Pune Cluster SEZ, Pune 2 Shri. Abhinav Rathi Dy. Commissioner, IT Nominee of Income Tax, Pune 3 Shri. Sanjiv Patil, Industries Officer Nominee of Govt. of Maharashtra

4 Shri. Manchak Jadhav Sub-Regional Officer Nominee of Maharashtra Pollution Control Board 5 Smt. Pushpa Gangawane. FTDO Nominee of DGFT, Pune 6 Shri. Prashant Rohnekar Superintendent Nominee of Customs, Pune Special Invitee: Sr Name and Designation Department 1 Shri. Shambhu Dayal Meena Specified Officer SEEPZ-SEZ, Pune Cluster

Agenda Item No.01: Confirmation of the Minutes of the 128th meeting held on 30.06.2025 After deliberation, the Committee confirmed the minutes of the 128 th meeting of Approval Committee held on 30.06.2025. Agenda Item No.02: Action taken report for the minutes of the meeting held on 30.06.2025. After deliberation, the Committee has noted the Action taken report for the meeting held on 30.06.2025. Agenda Item No.03: Monitoring of Performance for M/s. UPS Logistics Pvt. Ltd. After deliberation, the committee noted the performance of the unit for 2 years of 2nd Block Period i.e. FY 2024-25 and FY 2025-26 in terms of Rule 54 of SEZ Rules, 2006.

The Unit has achieved export revenue of Rs. 56.21 Crores as against the projected export of Rs. 114.09 Crores in the last 2 years of 2 nd Block period i.e. FY 2024-25 and FY 2025-26. The unit has achieved positive NFE of Rs. 204.05 Crores i.e. 95.92% in 2nd Block period on cumulative basis. Agenda Item No.04: Monitoring of Performance for M/s. Global Advertisement Services Pvt. Ltd. After deliberation, the committee noted the performance of the unit for last year of 3rd Block Period i.e. FY 2024-25 and 1st year of 4th Block period i.e. FY 2025-26 in terms of Rule 54 of SEZ Rules, 2006.

The Unit has achieved export revenue of Rs. 84.28 Crores as against the projected export of Rs. 72.39 Crores and achieved positive NFE of Rs. 434.11 Crores which is 95.60 % on cumulative basis in Last year of 3rd Block period i.e. FY 2024-25.
The Unit has achieved export revenue of Rs. 17.79 Crores as against the projected export of Rs. 80.64 Crores and achieved positive NFE of Rs. 16.53 Crores which is 92.92% on cumulative basis in first Year of 4 th Block Period i.e. FY 2025-26(Up to June 2025).
The unit has achieved employment of 602 employees (Men-422, Women-180) Agenda Item No.5: Change in Board of Directors of M/s. LTIMindtree Ltd. After deliberation, the Committee approved the proposal for Change in Board of Directors in terms of Instruction No. 109 dated 18.10.2021, issued by MOC&I. Approved List of Board of Directors: Sr. No. Name of Director Designation 1. Mr. Sekharipuram Narayanan Subrahmanyan Non-Executive Vice Chairman 2. Mr. Ramamurthi Shankar Raman Non-Executive Director 3. Mr. Venugopal Lambu CEO-Designate and Whole time Director

Mr. Nachiket Deshpande President-Global AI Services, strategic deals and Partnerships and Whole time Director 5. Sanjeev Aga Independent Director 6. Mr. James Varghese Abraham Independent Director 7. Mr. Vinayak Chatterjee Independent Director 8. Ms. Apurva Purohit Independent Director 9. Mr. Bijou Kurien Independent Director 10. Mr. Chandrasekaran Ramakrishnan Independent Director Meeting ended with a vote of thanks to the Chair.

(jानेdर बी. पाटील, आईएएस) (Dnyaneshwar B. Patil, IAS) अ2य) एवं िवकास आयु, Chairman-cum- Development Commissioner

signaturerectangle-1-186 Mr. Dnyaneshwar B Patil Development Commissioner PUNE- SEZ Digitally signed by Dnyaneshwar Bhalchandra Patil Date: 2025.08.14 13:20:55 IST % DSUnknown q 1 G 1 g 0.1 0 0 0.1 9 0 cm 0 J 0 j 4 M []0 d 1 i 0 g 313 292 m 313 404 325 453 432 529 c 478 561 504 597 504 645 c 504 736 440 760 391 760 c 286 760 271 681 265 626 c 265 625 l 100 625 l 100 828 253 898 381 898 c 451 898 679 878 679 650 c 679 555 628 499 538 435 c 488 399 467 376 467 292 c 313 292 l h 308 214 170 -164 re f 0.44 G 1.2 w 1 1 0.4 rg 287 318 m 287 430 299 479 406 555 c 451 587 478 623 478 671 c 478 762 414 786 365 786 c 260 786 245 707 239 652 c 239 651 l 74 651 l 74 854 227 924 355 924 c 425 924 653 904 653 676 c 653 581 602 525 512 461 c 462 425 441 402 441 318 c 287 318 l h 282 240 170 -164 re B Q

Action Taken for Approval Committee held on 29-07-2025 Agenda Item No. Subject Remarks Agenda Item No. 01 Confirmation of the Minutes of the 128th Meeting held on 30-06-2025 After deliberation, the Committee confirms the minutes of the meeting held on 30.06.2025 Agenda Item No. 02 Application for change in list of directors/ partners(M/s. LTIMindtree Ltd) Approval letter is issued to the Unit on 19.08.2025 Agenda Item No. 03 Application for Monitoring of Performance(M/s. UPS Logistics Pvt. Ltd) Approval letter is issued to the Unit on 19.08.2025 Agenda Item No. 04 Application for Monitoring of Performance(M/s. Global Advertisement Services Pvt. Ltd) Approval letter is issued to the Unit on 18.08.2025

Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2020-21 33.74 43.97 0.00 0.00 18.12 3.80 0.42 2021-22 37.88 99.77 0.00 0.00 1.84 2.51 2022-23 37.79 148.11 0.00 0.00 4.96 3.67 2023-24 38.09 302.23 0.00 0.00 0.94 2.59 2024-25 39.74 307.63 0.00 0.00 0.90 3.19 Total 187.24 901.72 0.00 0.00 18.12 12.44 12.38 GOVERNMENT OF INDIA, OFFICE OF THE DEVELOPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE, GOVT. OF INDIA, ANDHERI (EAST), MUMBAI

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a. Proposal : Monitoring of the performance of M/s. Virtusa Consulting Services Pvt. Ltd, an IT/ITERS unit located in EON Kharadi Phase I-SEZ, Pune, for monitoring of performance for the period of five years for 3rd Block Period. b. Specific Issue on which decision of AC is required: -
Monitoring of the performance of the unit for 3rd Block period i.e. FY 2020-21 to FY 2024-25 in terms of Rule 54 of SEZ Rules, 2006. c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- Rule 54 of SEZ Rules, 2006 “Performance of the Unit shall be monitored bythe Approval Committee as per the guidelines given in Annexure appended to these rules”
d. Other Information: - Approved Revised Projection (After Post Merger) (Rs. in Cr.)

2020-21 2021-22 2022-23 2023-24 2024-25 TOTAL FOB Export 33.74 37.88 37.79 38.09 39.74 187.24 FE Outgo 6.28 6.87 8.02 6.28 3.50 30.95 NFE 27.46 31.01 29.77 31.81 36.24 156.29 Performance as compared to projections: (Rs. In Cr.)

Cumulative NFE achieved: (Rs. in Cr) Year

Cumulative NFE Achieved Cumulative % NFE Achieved

2020-21 42.25 96.06 % 2021-22 138.25 96.18% 2022-23 281.20 96.35% 2023-24 579.26 97.50% 2024-25 882.03 97.82%

Employment Achievement (Direct):

Approved Achieved Men 477 799 Women 264 335 Total 741 1134

LOA No. & Date SEZ/PUNE/2U/2010-11/6873 dated 30.04.2010 Location of Unit Unit 502, Wing No.3, Cluster, 5 th Floor, Plot No.1, Survey No. 77,EON Free Zone, MIDC Kharadi Knowledge Park, Pune-411014.

Validity of LOA 19.08.2025 Item(s) of manufacture/ Services IT & ITES Date of commencement of production 20.08.2020 Execution of BLUT Rs. 19.02 Crores Outstanding Rent dues NA Labour Dues NA Validity of Lease Agreement

Pending CRA Objection, if any NA Pending Show Cause Notice/ Eviction Order/Recovery Notice/ Recovery Order issued, if any NA Projected employment for the block period No. of employees as on 31.03.2025 1134 (Men-799, Women-335) Area allotted (in sq. ft.) 59055 Sq. ft. Area available for each employee per sq.ft. basis (area / no. of employees) 52 Sq. ft. Investment till date

Building

Plant & Machinery 24.77 Quantity and value of goods exported under Rule 34 (unutilized goods) NA Value Addition during the monitoring period NA Whether all the APRs being considered now has been filed well within the time limit, or otherwise. If no, details of the Year along with no of days delayed to be given. Yes

The Specified Officer report vide letter dated 22.08.2025 has reported as detailed below: EXPORT (Rs. In Cr)
Year/ Period Figures reported in APR Figures as per Softex/ Customs Records Difference if any Reason for Difference/Remark (1) (2) (3) (4) (5) 2020-21 43.97 43.93 0.04 The difference is due to Exchange Rate 2021-22 99.77 99.45 0.32 2022-23 148.11 148.26 -0.15 2023-24 302.23 299.75 2.48 2024-25 307.63 305.10 2.53 IMPORT (Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis.)(Rs. In Cr) Year/Period Figures reported in APR (FOB Value) Figures as per Customs Records Difference if any Reason for Difference/Remark (1) (2) (3) (4) (5) 2020-21 3.80 3.18 0.62 Differences Due to Loan Basis/Rental Bill of Entry value (Rs. 0.62) wrongly considered in APR value reported.

2021-22 12.52 1.09 11.43 As per APR format the value reported is Cumulative Value, i.e, Total Value of Currently Existing Capital Goods Imported for the past 10 years (incl. this year). And the Actual Import Procurement is of Rs 1.09 Crores as per CUSTOMS Records for the Year. Other difference is due to Cumulative value reported. 2022-23 14.96 2.54 12.42 As per APR format the value reported is Cumulative Value, i.e, Total Value of Currently Existing Capital Goods Imported for the past 10 years (incl. this year). And the Actual Import Procurement is of Rs 2.54 Crores as per CUSTOMS Records for the Year. Other difference is due to Cumulative value reported.

2023-24 15.89 0.94 14.95 As per APR format the value reported is Cumulative Value, i.e, Total Value of Currently Existing Capital Goods Imported for the past 10 years (incl. this year). And the Actual Import Procurement is of Rs 0.94 Crores as per CUSTOMS Records for the Year. Other difference is due to Cumulative value reported. 2024-25 16.67 1.04 15.63 As per APR format the value reported is Cumulative Value, i.e, Total Value of Currently Existing Capital Goods Imported for the past 10 years (incl. this year). And the Actual Import Procurement is of Rs 1.04 Crores as per CUSTOMS Records for the Year. Other difference is due to Cumulative value reported. Raw Material (Rs. In Cr) Year/Period Figures reported in APR (FOB Value) Figures as per Customs Records Difference if any Reason for Difference/Remark (1) (2) (3) (4) (5) 2020-21 To 2024-25 0.00 0.00 0.00

BLUT (Rs in Cr) 1 Value of BLUT Executed (Duty foregone) (including for CG/ Raw Material/ Services) Value of Additional BLUT executed Year: Date of acceptance BLUT amount: TOTAL value of BLUT Executed

Date of Acceptance BLUT Amount 01.03.2021 19.02 Total 19.02

2 Total Duty Foregone on goods & services procured

Category Wise:

Year Wise:

FY Goods Imported & Indigenous Services Imported & Indigenous 2020-21 71.12 0.00 2021-22 64.14 0.00 2022-23 59.88 13.39 2023-24 19.59 136.36 2024-25 25.60 216.57 Total 240.33 366.32 (d) Employment made as on date (31.03.2025) (as on end of block period/ year up to which monitoring is being done) Men: 799 Women: 335 Total No Employment: 1134 The same has been verified from their Online MPR. (e) Details of Pending Foreign Remittance beyond Permissible period, if any (as on 31.03.2025) To cross-check the same and verify whether necessary permission from AD Bank/ RBI has been obtained.

No foreign remittance is pending as on 31.03.2025

(f) Whether all Softex has been filed for the said period. If no, details thereof. SO to also check whether unit has obtained Softex condonation from DC office / RBI and if approved, whether they have filed such pending Softex. Yes

(g) Whether all Softex has been certified, if so till which month has the same been certified. If not, provide details of the Softex and reasons for pendency. All Softex have been certified till 31-03-2025

(h) Whether unit has filed any request for Cancellation of softex No (i) Whether any Services provided in DTA/SEZ/EOU/STPI etc. against payment in INR in r/o IT/ITES Unit during the period. If yes, details thereof (year wise details to be provided)

No (j) SO to verify and certify whether the unit has updated the BLUT ledger Module in SEZ Online. NA

(k) Has the unit cleared any Capital Goods procured duty free in DTA against Payment of Duty, or otherwise? Full details to be provided along with value of assets and duty discharged No

(l) Is the unit sharing any of their infrastructure with other units or are utilizing infrastructure of another unit in the same or other SEZ. If so, details thereof, including the details of the unit with whom the sharing is being made, and the payment terms If approval for sharing of common infrastructure has been obtained from UAC/DC office, the date of UAC/ Approval letter to be indicated No (m) Whether all DSPF for services procured during the said monitoring period under consideration has been filed by the unit and whether the same has been processed for approval by the SO Office. Yes, and some are under process (n) Whether unit has filed all DTA procurement w.r.t. the goods procured by them during the monitoring period for the relevant period: If no, details thereof Yes (o) Details of the request IDs pending for OOC in respect of DTA procurement on the date of submission of monitoring report No (p) Has the unit set up any cafeteria/ canteen/ food court in unit premises. If yes, whether permission from UAC/DC office has been issued, or otherwise. Whether unit has availed any duty paid goods/services for setting up such facility? If yes, whether unit has discharged such duty/ tax benefit availed? details to be given including amount of duty/ tax recovered or yet to be recovered No (q) Whether any violation of any of the provisions of law has been noticed/ observed by the Specified Officer during the period under monitoring. NA e. Recommendation:

The Unit has achieved export revenue of Rs. 901.72 Crores as against the projected export of Rs 187.24 Crores and achieved positive NFE of Rs. 882. 03 Crores which is 97.82 % on cumulative basis in 5 Years of 3rd Block Period i.e. 2020-21 to FY 2024-25. As per SO report the unit has achieved employment of 1134 employees (Men-799, Women-335) The Unit is required to revise the APRs to during FY 2020-21 to 2024-25. Approval committee may kindly monitor the performance of the Unit for 5 Years of 3rd Block Period i.e. FY 2020-21 to FY 2024-25., in terms of Rule 54 of SEZ Rules, 2006. in terms of Rule 54 of SEZ Rules, 2006.

GOVERNMENT OF INDIA, OFFICE OF THE DEVELOPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE, GOVT. OF INDIA, ANDHERI (EAST), MUMBAI

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a. Proposal : Proposal dated 21.07.2025 submitted on 28.07.2025 by M/s. S G Analytics Pvt. Ltd.Unit-I , IT/ITES unit located in M/s. EON Kharadi Infrastructure Pvt. Ltd- SEZ, Phase-I for Change in Board of Directors and Change in Shareholding pattern of the Company. b. Specific Issue on which decision of AC is required: -
Approval of the Approval Committee for Change in Board of Directors and Change in Shareholding pattern of the Company in terms of Instruction No. 109 dated 18.10.2021, as detailed below: c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- 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: - Change in Board of Directors Previous List of Board of Directors: Name of Director Designation Date of Cessation Sushant Gupta Director 17.06.2025 Parminder Kaur Director 17.06.2025 Proposed List of Board of Directors: Name of Director Designation Date of Appointment Ankor Rai Director 17.06.2025 Bharadwaj Rangarao Manju Director 17.06.2025 Namit Sureka Vishnu Director 17.06.2025 Reason for Change in Board of Directors: The unit has submitted that, due to the cessation of existing directors and appointment of new director there is Change in Board of Directors. Change in Shareholding Pattern: Existing Shareholding Pattern of the Company:

Sr. No. Name of the Shareholders No. of. Shares Value of Shares (In Rs.) (Face Value Rs. 1.00/- per share) % of Shareholding 1. Sushant Gupta 5,74,325 5,74,325 69.257% 2. Parminder Kaur 1,10,775 1,10,775 13.358% 3. Ahmed Hakki 58,180 58,180 7.016% 4. Simran Wadhwa 31,763 31,763 3.830% 5. Shankar Iyer 12,365 12,365 1.491% 6. Vineet Kumar Agarwal 11,585 11,585 1.397% 7. Richard Weatherstone 7,090 7,090 0.855% 8. Ankit Maheshwari 6,725 6,725 0.811% 9. Siddharto Banerjee 5,510 5,510 0.664% 10. James T Decicco III 2,888 2,888 0.348% 11. Jayaprakash M. 2,106 2,106 0.254% 12. Ripun Jai Mehta 1,768 1,768 0.213% 13. Umed Padghan (Patil) 803 803 0.097% 14. Parth Arora 447 447 0.054% 15. Parth Arora 353 353 0.043% 16. Steve Salvius 667 667 0.080% 17. Sabyasachi Guha Raja 401 401 0.048% 18. Mayuresh Wagh 400 400 0.048% 19. Rohit Ratkal 201 201 0.024% 20. Sonal Mamtore 200 200 0.024% 21. Rajib Das 200 200 0.024% 22. Sirish Kumar Pammi 199 199 0.024% 23. Ashish Kumar Jain 132 132 0.016% 24. Ravi Vitkar 101 101 0.012% 25. Saurav Bhandari 66 66 0.008% 26. Arti Saproo 18 18 0.002% Total 8,29,268 8,29,268 100% Proposed Shareholding Pattern Post Merger of the Company: Sr. No. Name of the Shareholders No. of. Shares Value of Shares (In Rs.) (Face Value Rs. 1.00/- per share) % of Shareholding 1. Learning Mate Solutions Private Limited 8,29,267 8,29,267 99.9999% 2. SPI Technologies India Private Limited 1 1 0.0001% Total 8,29,268 8,29,268 100% Reason for Change in Shareholding Pattern: The unit has stated that there is a change in Shareholding pattern due to the transfer of 100% of the paid-up capital of SG Analytics Private Limited to Learning Mate Solutions Private Limited. Information: -

M/s.SG Analytics Pvt. Ltd. Unit-I, is located at Unit No 601, 6 th Floor, Wing2, Cluster C, M/s. EON Kharadi Infrastructure Pvt. Ltd.-SEZ, Phase-I S. No. 72, Kharadi, Pune-411014. DCP: 15.02.2013 LOA valid till: 14.02.2028 The Unit has submitted following documents: i. Copy of Board Resolution passed for change in director ii. Copy of form DIR-12 field with ROC for such change & it’s challan iii. Copy of list of directors before and after such change iv. Copy of Resolution Passed for change in shareholding/transfer of share v. Copy of List of shareholders before and after change vi. Copy of form SH-4 reflecting transfer of shares vii. Copy of BENPOS for the Shareholder (where the transfer is done through D mat) viii. Copy of all letter of approval ix. Copy of Undertaking in terms of instruction No.109 x. Copy of undertaking personal liability xi. Copy of certificate of incorporation e. Recommendation: Approval Committee may kindly consider the proposal of the unit for Change in Board of Directors and Change in Shareholding pattern of the Company, in terms of Instruction no. 109 issued by MOC&I.

GOVERNMENT OF INDIA, OFFICE OF THE DEVELOPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE, GOVT. OF INDIA, ANDHERI (EAST), MUMBAI

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a. Proposal : Proposal dated 21.07.2025 submitted on 28.07.2025 by M/s. S G Analytics Private Limited . Unit-II, IT/ITES unit located in M/s. EON Kharadi Infrastructure Pvt Ltd- SEZ, Phase-I for Change in Board of Directors and Change in Shareholding pattern of the Company. b. Specific Issue on which decision of AC is required: -
Approval of the Approval Committee for Change in Board of Directors and Change in Shareholding pattern of the Company in terms of Instruction No. 109 dated 18.10.2021, as detailed below: c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- 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: - Change in Board of Directors Previous List of Board of Directors: Name of Director Designation Date of Cessation Sushant Gupta Director 17.06.2025 Parminder Kaur Director 17.06.2025 Proposed List of Board of Directors: Name of Director Designation Date of Appointment Ankor Rai Director 17.06.2025 Bharadwaj Rangarao Manju Director 17.06.2025 Namit Sureka Vishnu Director 17.06.2025 Reason for Change in Board of Directors: The unit has submitted that, due to the cessation of existing directors and appointment of new director there is Change in Board of Directors. Change in Shareholding Pattern: Existing Shareholding Pattern of the Company:

M/s. SG Analytics Pvt. Ltd. Unit-II, is located at Unit No 601, 6 th Floor, Wing 2, Cluster C, M/s. EON Kharadi Infrastructure Pvt. Ltd.-SEZ, Phase-I S. No. 72, Kharadi, Pune-411014. DCP: 27.06.2016 LOA valid till: 26.06.2026 The Unit has submitted following documents: i. Copy of Board Resolution passed for change in director ii. Copy of form DIR-12 field with ROC for such change & it’s challan iii. Copy of list of directors before and after such change iv. Copy of Resolution Passed for change in shareholding/transfer of share v. Copy of List of shareholders before and after change vi. Copy of form SH-4 reflecting transfer of shares vii. Copy of BENPOS for the Shareholder (where the transfer is done through D mat) viii. Copy of all letter of approval ix. Copy of Undertaking in terms of instruction No.109 x. Copy of undertaking personal liability xi. Copy of certificate of incorporation e. Recommendation: Approval Committee may kindly consider the proposal of the unit for Change in Board of Directors and Change in Shareholding pattern of the Company, in terms of Instruction no. 109 issued by MOC&I.

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