Minutes of Approval Committee meeting for Pune-Cluster held on 25 April 2023 — 07-qubix

1 Minutes of the 122nd 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 Qubix Business Park Pvt. Ltd.-SEZ, Pune, held on 25.04.2023 via video conferencing. Name of the SEZ M/s. Qubix Business Park Pvt Ltd SEZ 2 Sector IT/ITES 3 Meeting No. 122nd
4 Date 25.04.2023 Members present S r Name and Designation (S/Shri.) Department 1 Smt. Mital S. Hiremath Joint Development Commissioner Pune Cluster-SEZ, Pune 2 Smt. Bhumika Saini, DCIT, Nashik Nominee of Income Tax, Pune 3 Dr. Dileeraj Dabhole, Dy. DGFT Nominee of DGFT, Pune 4 Smt. Sunita Jagtap, Superintendent Nominee of Customs, Pune Special Invitee S r Name and Designation Department 1 Shri B. Ajay Kumar Specified Officer M/s. Qubix Business Park Pvt. Ltd. SEZ Agenda Item No.01: Confirmation of Minutes of the 121st meeting held on 21.03.2023 After deliberation, the Committee confirmed the minutes of the 121st Approval Committee meeting held on 21.03.2023. Agenda Item No.02: Monitoring of Performance of M/s. HCL Technologies Limited After deliberation, the committee noted the performance of the unit for the 5 years of 1st block period i.e., 2017-18 to 2021-22. The unit has achieved cumulative NFE of Rs. 731970.66 lakhs i.e., 73.73% and employment of 283 employees, in the FY 2021-22. Agenda Item No.03: Monitoring of Performance for M/s. LTIMindtree Ltd. After deliberation, the committee noted the performance of the unit for the 5 years of 1st block period i.e., 2017-18 to 2021-22. The unit has achieved cumulative NFE of Rs. 35162.37 lakhs i.e., 94.53% and employment of 570 employees, in the FY 2021-22. File No.S-SEZ-MINS0QBXP/1/2022-JDCP

2 Agenda Item No.04: Application for Approval of Change in Board of Directors and shareholding pattern submitted by M/s Tata Technologies Ltd. ( LOA No. SEEPZ/SEZ/NTPL-SEZ/TTL/39/2014-15/11233 DATED 10.09.2014) After deliberation, the Committee Approved the proposal of the M/s. Tata Technologies Ltd. for Change in Board of Directors, in terms of Instruction No. 109 dated 18.10.2021, issued by MOC&I, as detailed below: Approved list of Directors: Sr. Name of the Director 1 Mr. Warren Harris 2 Mr. P.B.Balaji 3 Mr. Ajoyendra Mukerjee 4 Ms. Aarthi Sivanandh 5 Ms. Usha Sangwan 6 Mr. Nagaraj Ijari 7 Mr. Shailesh Chandra Approved equity share capital: Category Number of equity shares held Percentage of holding Tata Motors Limited. 30,30,06,000 74.69 Other Tata Entities 5,93,65,630 14.63 Directors/Employees/Asso ciates/Others 4,32,96,900 10.68 Total 40,56,68,530 100.00 The approval is subject to the conditions as laid down in Instruction No. 109 dated 18.10.2021, as applicable, issued by MOC&I: i. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity; ii. Fulfilment of all eligibility criteria applicable, including security clearances etc. by the altered entity and its constituents; iii. Applicability of and compliance with all Revenue/Company Affairs/SEBI etc. Act/Rules which regulate issues like capital gains, equity change, transfer, taxability etc. iv. 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. v. 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 in ownerships etc. as may be applicable and File No.S-SEZ-MINS0QBXP/1/2022-JDCP

3 eligibility for deduction under relevant sections of the Income Tax Act, 1961. vi. The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. vii. The applicant shall furnish details of PAN and jurisdictional assessing office of the unit to CBDT. viii. The applicant shall be recognized by the new name or such arrangement in all the records. Agenda Item No. 05 :- Application for Approval of Change in Board of Directors and shareholding pattern submitted by M/s Tata Technologies Ltd. ( LOA No. SEEPZ/SEZ/FIPL-SEZ/CSIPL/16/2012-13/10989 DATED 103.08.2012) After deliberation, the Committee Approved the proposal of the M/s. Tata Technologies Ltd. for Change in Board of Directors, in terms of Instruction No. 109 dated 18.10.2021, issued by MOC&I, as detailed below: Approved list of Directors: Sr. Name of the Director 1 Mr. Warren Harris 2 Mr. P.B. Balaji 3 Mr. Ajoyendra Mukerjee 4 Ms. Aarthi Sivanandh 5 Ms. Usha Sangwan 6 Mr. Nagaraj Ijari 7 Mr. Shailesh Chandra Approved equity share capital: Category Number of equity shares held Percentage of holding Tata Motors Limited. 30,30,06,000 74.69 Other Tata Entities 5,93,65,630 14.63 Directors/Employees/Asso ciates/Others 4,32,96,900 10.68 Total 40,56,68,530 100.00 The approval is subject to the conditions as laid down in Instruction No. 109 dated 18.10.2021, as applicable, issued by MOC&I: i. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity; ii. Fulfilment of all eligibility criteria applicable, including security clearances etc. by the altered entity and its constituents; File No.S-SEZ-MINS0QBXP/1/2022-JDCP

4 iii. Applicability of and compliance with all Revenue/Company Affairs/SEBI etc. Act/Rules which regulate issues like capital gains, equity change, transfer, taxability etc. iv. 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. v. 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 in ownerships etc. as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 1961. vi. The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. vii. The applicant shall furnish details of PAN and jurisdictional assessing office of the unit to CBDT. viii. The applicant shall be recognized by the new name or such arrangement in all the records. Agenda Item No. 06 :- Application for Approval of Change in Board of Directors and shareholding pattern submitted by M/s Tata Technologies Ltd. ( LOA No. SEEPZ/SEZ/TTL/07/2011-12/482 DATED 11.01.2011) After deliberation, the Committee Approved the proposal of the M/s. Tata Technologies Ltd. for Change in Board of Directors, in terms of Instruction No. 109 dated 18.10.2021, issued by MOC&I, as detailed below: Approved list of Directors: Sr. Name of the Director 1 Mr. Warren Harris 2 Mr. P.B.Balaji 3 Mr.Ajoyendra Mukerjee 4 Ms.Aarthi Sivanandh 5 Ms. Usha Sangwan 6 Mr. Nagaraj Ijari 7 Mr. Shailesh Chandra Approved equity share capital: Category Number of equity shares held Percentage of holding Tata Motors Limited. 30,30,06,000 74.69 Other Tata Entities 5,93,65,630 14.63 Directors/Employees/Asso ciates/Others 4,32,96,900 10.68 File No.S-SEZ-MINS0QBXP/1/2022-JDCP

5 Total 40,56,68,530 100.00 The approval is subject to the conditions as laid down in Instruction No. 109 dated 18.10.2021, as applicable, issued by MOC&I: i. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity; ii. Fulfilment of all eligibility criteria applicable, including security clearances etc. by the altered entity and its constituents; iii. Applicability of and compliance with all Revenue/Company Affairs/SEBI etc. Act/Rules which regulate issues like capital gains, equity change, transfer, taxability etc. iv. 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. v. 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 in ownerships etc. as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 1961. vi. The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. vii. The applicant shall furnish details of PAN and jurisdictional assessing office of the unit to CBDT. viii. The applicant shall be recognized by the new name or such arrangement in all the records. Meeting ended with a vote of thanks to the Chair. (Shyam Jagannathan, IAS) Chairman-cum- Development Commissioner Email-dcseepz-mah@nic.in File No.S-SEZ-MINS0QBXP/1/2022-JDCP