25/09/2023 — 04-4-qubix-minutes-21-09-2023

Minutes of the 127th 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 21.09.2023. 1 Name of the SEZ M/s. Qubix Business Park Pvt Ltd SEZ 2 Sector IT/ITES 3 Meeting No. 127th 4 Date 21.09.2023 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 S r Name and Designation Department 1 Shri Satbir Sharma Specified Officer M/s. Qubix Business Park Pvt. Ltd. SEZ Agenda Item No.01: Confirmation of Minutes of the 126th meeting held on 10.08.2023 After deliberation, the Committee confirmed the minutes of the 126th Approval Committee meeting held on 10.08.2023 Agenda Item No.02: Application for setting up of Cafeteria and appointment of vendor in the SEZ Unit-premises by M/s. NCSI Technologies (India) Private Limited The proposal of the M/s. NCSI Technologies (India) Private Limited for setting up of Cafeteria and appointment of vendor in the SEZ Unit-premises was placed before the Approval Committee. File No.S-SEZ-MINS0QBXP/1/2022-JDCP

Details of location, service providers and area allocated for Cafeteria: Name of Vendor Activity Location of Cafeteria Area in Sq.ft M/s. G. M. Caterers Vendor

brings

Pre- Cooked food and serves the same within SEZ premises to employees. 5th Floor,

IT-7 Building, FDLP Co- Developer,

Qubix Business Park Pvt Ltd.-SEZ 700 3rd floor,

IT-3 Building, developed by VITP Pvt. Ltd., Co- Developer in Qubix Business Park Pvt. Ltd.-SEZ 900 After deliberation, the Committee approved the proposal of the Unit for setting up of Cafeteria in the Unit premises, in terms of Instruction No. 95 dated 11-06-2019 issued by MOC&I. Agenda Item No.03: Monitoring of performance for M/s. LTIMindtree Ltd. (LOA -10D) The performance of the unit for the FY 2020-21 (5th year of 2nd Block Period) and FY 2021-22 (1st year of 3rd Block period) was placed before the Approval Committee for Monitoring purpose. The Committee observed that the Unit has achieved export revenue of Rs. 587.33 Crores as against projected export of Rs. 291.65 Crores for FY 2020-21 in the 5th year of 2nd Block period (i.e. FY 2016-17 to 2020-21) i.e. 201.38% of projected export with a positive NFE of Rs. 2255.04 Crores on cumulative basis. The Committee observed that the Unit has achieved export revenue of Rs. 557.67 Crores as against projected export of Rs. 508.78 Crores for FY 2021-22 in the 1st year of 3rd Block period (i.e. FY 2021-22 to 2025-26) i.e. 109.60% of projected export with a positive NFE of Rs. 529.91 Crores in the FY 2021-22 on cumulative basis. The unit has achieved employment of 1876 employees (Men -1102, Women-772) as on 31.03.2022. After deliberation, the Approval committee noted the performance of M/s. LTIMindtree Ltd. having LOA No. SEZ/PUNE/10D/2010-11/7042 dt. 24.08.2010 FY 2020-21 (5th year of 2nd Block Period) and FY 2021-22 (1st year of 3rd Block period), in terms of Rule 54 of SEZ Rules, 2006.

Agenda Item No.04: Application for setting up of crèche and day care facility provider at aVance Project M/s. VITP Private Limited (Co-Developer) The proposal of M/s. VITP Private Limited (Co-Developer) for setting up of crèche and day care facility was placed before the Approval Committee. After deliberation, the Committee approved the proposal of the unit for setting up of crèche and day care facility provider at aVance Project at VITP Private Ltd., Qubix – SEZ, in terms of Rule 11(5) of SEZ Rules, 2006 issued by MOC&I as detailed below. Name of the Licensee Location Area in Sqft. M/s Founding Years Learning Solutions Pvt Ltd Office No. 2A on Ground Floor of IT 8 Building. 8218 Agenda Item No.05: Monitoring of Performance r/o M/s. LTIMindtree Ltd. (LOA -35) The performance of the unit for 1 year i.e FY 2018-19 of 1st block period and FY 2019-20 to 2021-22 i.e 3 years of 2nd Block period was placed before the Approval Committee for Monitoring purpose. The Committee observed that the unit has achieved Export of Rs.62.06 Cr. against the projected export of Rs. 58.23 Cr. i.e., 106.57 % of projected export in the last year i.e. FY 2018-19 of 1st block period with a positive NFE of Rs.343.77Cr. on cumulative basis. The Committee observed that the unit has achieved Export of Rs.406.77Cr. against the projected export of Rs. 202.00 Cr. i.e., 201.37% of projected export in 3 years i.e., FY 2019-20 to 2021-22 of 2nd Block period with a positive NFE of Rs. 383.73 Cr. on cumulative basis. The unit has achieved employment of 597 employees (Male:413, Female:184) as on 31.03.2022. After deliberation, the Approval committee noted the performance of M/s. LTIMindtree Ltd. having LOA No. SEEPZ/NTPL-SEZ/L&TIL/35/2013-14/14319 dated 19.12.2013 for the last year i.e. FY 2018-19, of 1st block period and 3 years i.e., FY 2019-20 to 2021-22 of 2nd Block period, in terms of Rule 54 of SEZ Rules, 2006. Agenda Item No.06: Application submitted by M/s. Aker Powergas Pvt. Ltd for Transfer of their Business under Business Transfer Agreement and Change in Shareholding pattern and Change in Board of Directors The proposal of M/s. Aker Powergas Pvt. Ltd. was placed before the Approval Committee.

After deliberation, the Approval committee approved the Business Transfer of M/s. Aker Powergas Pvt. Ltd. to M/s. SubEno India Private Limited under Business Transfer Agreement and Change in Shareholding pattern and Change in Board of Directors in terms of Instruction No. 109 dated 18.10.2021. I) Approved change in Business Transfer Agreement: Approved SEZ Unit Name w.e.f 01.10.2023 M/s. SubEno India Private Limited II) Approved Shareholding Pattern after Business transfer: Sr. No. Shareholders No. of Shares Shareholding % 1. Enovate Systems Limited 99,000 99% 2. Aker Solutions IP Limited 1,000 1% 1,00,000 100% III) Approved List of Board of Directors after Business transfer: Sr. No. Updated list of Directors DIN 1. Devraj Machhindranath Sonavane 10169785 2. Matthew Penn 10169786 The approval is subject to the conditions as laid down in Instruction No. 109, as applicable, issued by MOC&I
a. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity; b. Fulfilment of all eligibility criteria applicable, including security clearances etc. by the altered entity and its constituents; c. Applicability of and compliance with all Revenue/Company Affairs/SEBI etc. Act/Rules which regulate issues like capital gains, equity change, transfer, taxability etc. d. 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. e. 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.

f. The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. g. The applicant shall furnish details of PAN and jurisdictional assessing office of the unit to CBDT. h. The applicant shall be recognized by the new name or such arrangement in all the records. Agenda Item No.07: Application for Approval of Change in Board of Directors submitted by M/s. Infovision Lab India Pvt Ltd The proposal of M/s. Infovision Labs India Private Ltd was placed before the Approval Committee. After deliberation, the Approval committee approved Change in Board of Directors, in terms of Instruction No. 109 dated 18.10.2021, as detailed below: Approved List of Board of Directors: Sr. No. Name of the Director Designation Date

of Appointment 1. Mr. Rajarama Mohana Rao Yalamanchi. Director 01.12.2014 2. Mr. Venkataramana Kovelamudi Director 17.02.2022 3. Mr. Uma Shankar Patro Additional Director 02.05.2023 The approval is subject to the conditions as laid down in Instruction No. 109, as applicable, issued by MOC&I
a. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity; b. Fulfilment of all eligibility criteria applicable, including security clearances etc. by the altered entity and its constituents; c. Applicability of and compliance with all Revenue/Company Affairs/SEBI etc. Act/Rules which regulate issues like capital gains, equity change, transfer, taxability etc. d. 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. e. 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.

f. The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. g. The applicant shall furnish details of PAN and jurisdictional assessing office of the unit to CBDT. h. The applicant shall be recognized by the new name or such arrangement in all the records. Agenda Item No.08: Application for Approval of Change in Board of Directors submitted by M/s. Persistent Systems Limited The proposal of M/s. Persistent Systems Limited was placed before the Approval Committee. After deliberation, the Approval committee approved Change in Board of Directors, in terms of Instruction No. 109 dated 18.10.2021, as detailed below: Approved List of Board of Directors: Sr. No. Updated list of Directors Designation Date of Appointment 1. Dr. Anand Deshpande Chairman and Managing Director 2. Roshini Bakshi Independent Director 3. Avani Davda 4. Praveen Kadle 5. Sandeep Kalra Executive Director and Chief Executive officer 6. Sunil Sapre Executive Director and Chief Financial officer 7. Arvind Goel 07.06.2022 8. Dr. Ambuj Goel 07.06.2022 9. Dan’l Lewin 10.06.2022 10. Dr. Ajit Ranade 06.06.2023 The approval is subject to the conditions as laid down in Instruction No. 109, as applicable, issued by MOC&I
a. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity; b. Fulfilment of all eligibility criteria applicable, including security clearances etc. by the altered entity and its constituents; c. Applicability of and compliance with all Revenue/Company Affairs/SEBI etc. Act/Rules which regulate issues like capital gains, equity change, transfer, taxability etc.

d. 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. e. 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. f. The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. g. The applicant shall furnish details of PAN and jurisdictional assessing office of the unit to CBDT. h. The applicant shall be recognized by the new name or such arrangement in all the records. Agenda Item No.09: Application for Approval of Change in Board of Directors submitted by M/s. LTIMindtree Ltd.(7 Units of LTIMindtree Ltd.) The proposal of M/s. LTIMindtree Limited. (total seven Units), located Qubix Business Park Private Limited – SEZ was placed before the Approval Committee. After deliberation, the Approval committee approved Change in Board of Directors, for all the 7 units in terms of Instruction No. 109 dated 18.10.2021, as detailed below: Proposed List of Board of Directors: Sr. No Name of the Director Designation Date

of Appointment 1 Mr. A. M. Naik Non-Executive Chairman 23.12.1996 2 Mr. S. N. Subrahmanayan Non-Executive Vice Chairman 10.01.2015 3 Mr R Shankar Raman Non-Executive Director 28.10.2015 4 Mr. Sudhir Chaturvedi President –Sales & Whole Time Director 09.11.2016 5 Mr. Nachiket Deshpande Chief Operating Officer & Whole Time Director 02.05.2019 6 Mr. Sanjeev Aga 09.11.2016 7 Mr. James Varghese Abraham 18.07.2021 8 Mr. Rajnish Kumar 26.08.2021 9 Mr. Vinayak Chatterjee 01.04.2022 10 Mr. Debashish Chatterjee Chief Executive Officer & Managing Director 14.11.2022

11 Ms. Apurva Purohit 14.11.2022 12 Mr. Bijou Kurien 14.11.2022 13 Mr. Chandrasekaran Ramakrishnan 14.11.2022 The LOA Nos. of the 7 units of M/s. LTIMindtree Limited, located at Blue Ridge Township, RGIP, Phase 1, Hinjewadi, Pune 411057 for which the approval was sanctioned is as detailed below; Sr. No. LOA NO. Located at 1 SEZ/PUNE/10D/2010-11/7042 dt. 24.08.2010 2nd & 3rd Floor, IT- 06 Building 2 SEEPZ-SEZ/FIPL-SEZ/LTIL/17/2011-12/15891 dt. 18.10.2011 4th Floor, IT-06 Building 3 SEEPZ/NTPL-SEZ/L&TIL/35/2013-14/14319 dt. 19.12.2013 5th Floor, IT-06 Building 4 SEEPZ/NTPL-SEZ/L&TIL/44/2015-16/7793 dt. 11.05.2015 2nd Floor, IT-08 & 09 Building 5 SEEPZ/NTPL-SEZ/L&TIL/50/2016-17 dt. 04.07.2016 1st Floor, IT-08 Building 6 SEEPZ/QBPPL-SEZ/LTFL/70/2018-19 dt. 12.06.2018 7th Floor, IT- 09 Building 7 SEEPZ-SEZ/QBPPL-SEZ/LTIL/76/2018-19 dt.03.01.2019 7th Floor, IT- 08 Building The approval is subject to the conditions as laid down in Instruction No. 109, as applicable, issued by MOC&I
a. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity; b. Fulfilment of all eligibility criteria applicable, including security clearances etc. by the altered entity and its constituents; c. Applicability of and compliance with all Revenue/Company Affairs/SEBI etc. Act/Rules which regulate issues like capital gains, equity change, transfer, taxability etc. d. 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. e. 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. f. The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable.

g. The applicant shall furnish details of PAN and jurisdictional assessing office of the unit to CBDT. h. 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.

(Rajesh Kumar Mishra, IRS) Chairman-cum- Development Commissioner Email-dcseepz-mah@nic.in