Minutes of Approval Committee meeting for Pune-Cluster held on 25 July 2023. — 01-embassy-pune-techzone-pvt-ltd-sez

Minutes of the 87% 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. Embassy Pune TechZone Pvt. Ltd.-SEZ, Pune, held on 25.07.2023via video conferencing. 1 | Name of the SEZ M/s. Embassy Pune TechZone Pvt. Ltd.-SEZ 2 | Sector IT/ITES 3 | Meeting No. 87th 4 | Date 25.07.2023 Members present |» | Name and Designation Department S/Shri. 1 | Smt. MitalHiremath Pune Cluster SEZ, Pune Joint Development Commissioner 2 | Smt. Pradnya R. Gholap, Nominee of Income Tax, = DCIT {TDS} Pune 3 | Dr. DileerajDabhole, Nominee of DGFT, Pune Deputy DGFT 4 | Smt. Sunita Jagtap Nominee of Customs, Pune | Superintendent Special Invitee al Name and Designation ie a 1 | Shri Satbir Sharma M/s. Embassy Pune TechZone P| Specified Officer Ltd.-SEZ Agenda Item No.01: Confirmation of Minutes of the 86'meeting held on 27.06.2023 © After deliberation, the Committee confirmed the minutes of the 86Approval Committee meeting held on 27.06.2023 Agenda Item No. 02: Application for Approval of Change in Board of Directors submitted by M/s. Nitor Infotech Pvt Ltd-Unit I & IT After deliberation, the committee approved the proposal of the unit for Change in Board of Directors, in terms of Instruction No. 95 dated 18.10.2022, as detailed below: Approved Board of Directors: Sr Name of the Director Designation Appointment No. Date 1. Mr. Vinay Verma Director 06.07.2023 2. Mr. Pradeep Nair Director 06.07.2023 The approval is subject to the conditions as laid down in Instruction No. 109, as applicable, issued by MOC&I ५2 p

Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity; Fulfilment of all eligibility criteria applicable, including security clearances etc. by the altered entity and its constituents; Applicability of and compliance with all Revenue/Company Affairs/SEBI etc. Act/Rules which regulate issues like capital gains, equity change, transfer, taxability etc. Full financial details relating to change in equity/merger, demerger, amalgamation or transfer in ownership etc. shall be furnished immediately to Member (I1T&R}, CBDT, Department of Revenue and to the jurisdictional Authority. 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. The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. The applicant shall furnish details of PAN and jurisdictional assessing office of the unit to CBDT. 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. (M aaa S Hiremath) Joint Development Commissioner