Minutes of Approval Committee meeting for Pune-Cluster held on 30-05-2023 — 02-4-qubix-business-park-pvt-ltd-sez

1 Minutes of the 123nd 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 30.05.2023 via video conferencing. 1 Name of the SEZ M/s. Qubix Business Park Pvt Ltd SEZ 2 Sector IT/ITES 3 Meeting No. 123rd
4 Date 30.05.2023 Members present S r Name and Designation (S/Shri.) Department 1 Smt. Mital S. Hiremath Joint Development Commissioner Pune Cluster-SEZ, Pune 2 Smt. Pradnya R. Gholap, DCIT(TDS), Pune 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 Sr 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 122nd meeting held on 25.04.2023 After deliberation, the Committee confirmed the minutes of the 122nd Approval Committee meeting held on 25.04.2023. Agenda Item No.02: Application for Revision of projections on account of addition of area to the existing operational area of M/s. CRISIL Ltd. After deliberation, the committee approved the proposal of the Unit for Revision of projections on account of addition of area to the existing operational area, in terms of Rule 19(2) of SEZ Rules, 2006, as detailed below:

1. Location / area proposed to be added : Existing address and area Area proposed to be added Total area after addition 1st Floor, IT-3 Building, Qubix Business Park Pvt Ltd. SEZ Ground

Floor

IT-3 Building,

Qubix Business Park Pvt Ltd. SEZ 1st and Ground Floor, IT- 3

Building,

Qubix Business Park Pvt Ltd. SEZ Admeasuring area of 3,944.48 Sq.Mtr. Admeasuring area of 1,628.31 Sq.Mtr. Admeasuring area of 5,572.79 Sq.Mtr. File No.S-SEZ-MINS0QBXP/1/2022-JDCP I/2128/2023 323

2 2. Revision in Projections, as detailed below: Sr.N o Particular s 2021- 22 2022- 23 2023-24 2024- 25 2025-26 Total 1. FOB Value of exports 10936. 02 14189. 40 12506.2 2 13131. 53 13788.1 1 64551.30 2. Foreign Exchange outgo 696.26 744.99 2837.48 3036.1 0 3248.63 10563.45 3. Net Foreign Exchange 10239. 76 13444. 41 9668.75 10095. 43 10539.4 8 53987.84 Investment-Plant and Machinery/ Capital Goods (Rs. In Lakhs) i. Indigenous Capital Goods 3537.67 ii. Imported Capital Goods 523.23 Input of Services i. Indigenous Services 39580.99 ii. Imported Services 10040.22 Employment (Men-500, Women-200) 700 Agenda Item No.03: Application for Revision of projections on account of addition of area to the existing operational area of M/s. Allygram Systems and Technologies Pvt. Ltd. After deliberation, the committee approved the proposal of the Unit for Revision of projections on account of addition of area to the existing operational area, in terms of Rule 19(2) of SEZ Rules, 2006, as detailed below:

1. Location / area proposed to be added : Existing address and area Area proposed to be added Total area after addition Office No. 4B, Ground Floor, Bldg. No. IT 8, Flagship Developers Pvt.

Ltd.,

Qubix Business Park Pvt Ltd. SEZ, Plot No. 2, Blue Ridge Township, Near RGIP-Phase- I,Hinjewadi,Pune- 411057 Unit No. 3, Ground Floor, Bldg. No. IT 8, VITP Pvt. Ltd.,Qubix Business Park Pvt Ltd. SEZ, Plot No. 2, Blue Ridge Township, Near RGIP-Phase-I, Hinjewadi, Pune-411057 Office No. 4B, & Unit No. 3, Ground Floor, Bldg. No. IT 8, VITP Pvt. Ltd., Qubix Business Park Pvt Ltd. SEZ, Plot No. 2, Blue Ridge Township, Near RGIP- Phase-I,Hinjewadi,Pune- 411057 File No.S-SEZ-MINS0QBXP/1/2022-JDCP I/2128/2023 324

3 Admeasuring area of 8,000.00 Sq. ft. Admeasuring area of 8,273.00 Sq.ft. Admeasuring

area

of 16,273.00 Sq.ft. 2. Revision in Projections, as detailed below: Sr.N o Particular s 2018- 19 (actuals As per APR) 2019- 20 (actual s As per APR) 2020-21 (actuals As per APR) 2021- 22 (actual s As per APR) 5 year (revised) (upto Dec., 2023) Total 1. FOB Value of exports 225.83 1651.6 9 2553.22 2916.4 3 3319.45 10666.62 2. Foreign Exchange outgo 126.06 38.79 22.50 326.40 403.60 917.35 3. Net Foreign Exchange 99.77 1612.9 0 2530.72 2590.0 3 2915.85 9749.27 Investment-Plant and Machinery/ Capital Goods (Rs. In Lakhs) i. Indigenous Capital Goods 708.51 ii. Imported Capital Goods 418.35 Input of Services i. Indigenous Services 103.51 ii. Imported Services 100.00 Employment (Men-100, Women-22) 122 Agenda Item No.04: Monitoring of Performance for M/s. LTI Mindtree Ltd. After deliberation, the committee noted the performance of the Unit, in terms of Rule 54 of SEZ Rules, 2006: i. For FY 2017-18 of 1st Block i.e., 2013-14 to 2017-18. The unit in FY 2017-18 has achieved cumulative NFE of Rs. 12388.62 lakhs, i.e., 95.06% and ii. For FY 2018-19 to 2021-22 4 years of 2nd Block i.e., 2018-19 to 2022- 23. The unit in FY 2021-22 has achieved cumulative NFE of Rs. 43499.52 lakhs i.e., 94.54% along with the employment of 835 employees. File No.S-SEZ-MINS0QBXP/1/2022-JDCP I/2128/2023 325

4 Agenda Item No.05: Application for Approval for Change of name of the unit from M/s. EMC Software and Services India Pvt. Ltd to M/s. Dell International Services India Pvt. Ltd., Change in Shareholding pattern and Directors in accordance with NCLT Order dated 16.03.2023 in terms of Instruction No. 109 of MOC&I. After deliberation, Committee approved the proposal of the Unit for approval of Change of Entrepreneur by way of NCLT Order for amalgamation between M/s M/s. EMC Software and Services India Pvt. Ltd with M/s. Dell International Services India Pvt. Ltd. in accordance to the provision of Rule 19(2) of SEZ Rules, 2006 and Instruction No. 109 of MOC&I. Details of the Directors of M/s. Dell International Services India Pvt. Ltd after amalgamation are as under: Sr.No. Name Designation 1. Alok Ohrie Whole Time Director 2. Mahadevan Subash Whole Time Director 3. Kiran Prasad Hegde Whole Time Director 4. Kimberly Billings Erlanson Director 5. Carol Michelle Mann Adams Director Shareholding pattern of the Company M/s. Dell International Services India Pvt. Ltd., after amalgamation is as under: Name

of Shareholders Class

of Shares No. of Shares held Paid up Share Capital Percentage of holding Dell

Global B.V. Equity shares of Rs.2 each 7,23,03,644 14,46,07,288 62.99543 Dell International LLC Equity shares of Rs.2 each 3,62,00,126 7,24,00,252 31.53980 Dell international Holdings VIII B.V. Equity shares of Rs.2 each 16 32 0.00001 Dell Marketing L.P. Equity shares of Rs.2 each 26,179 52,358 0.02281 Dell Marketing Corporation Equity shares of Rs.2 each 62,46,056 1,24,92,112 5.44195 Total 11,47,76,021 22,95,52,042 100 File No.S-SEZ-MINS0QBXP/1/2022-JDCP I/2128/2023 326

5 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 I/2128/2023 327