25/09/2023 — 06-6-embassy-minutes-21-09-2023

Minutes of the 88th 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 21.09.2023 via video conferencing. 1 Name of the SEZ M/s. Embassy Pune TechZone Pvt. Ltd.-SEZ 2 Sector IT/ITES 3 Meeting No. 88th 4 Date 21.09.2023 Members present Sr Name and Designation (S/Shri.) Department 1 Smt. Mital 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, Deputy DGFT Nominee of DGFT, Pune 4 Smt. Sunita Jagtap Superintendent Nominee of Customs, Pune Special Invitee Sr Name and Designation Department 1 Shri Satbir Sharma Specified Officer M/s. Embassy Pune TechZone Pvt. Ltd.-SEZ Agenda Item No.01: Confirmation of Minutes of the 87th meeting held on 25.07.2023 After deliberation, the Committee confirmed the minutes of the 87th Approval Committee meeting held on 25.07.2023 Agenda Item No. 02: Monitoring of Performance for M/s. Kyndryl Solutions Pvt Ltd. After deliberation, the committee noted the performance of the unit for 1st year i.e. FY 2021-22 of 1st block period., in terms of Rule 54 of SEZ Rules, 2006. The unit has achieved cumulative export revenue of Rs.121.33Cr. against the projected export of Rs. 168.57 Cr. i.e., 71.97% in 1st year i.e. 2021-22 of 1st Block period. The unit has achieved employment of total 964 employees (Men-781, Women- 183). File No.S-SEZ-MINS0EPTP/1/2022-JDCP I/2874/2023 252

Agenda Item No. 03 : Application for Approval of Change in Board of Directors submitted by M/s. LTIMindtree Ltd.-Unit-9 : After deliberation, the committee approved the proposal of M/s LTIMindtree Ltd.-Unit-9 for 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. 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 Independent Director 09.11.2016 7 Mr. James Varghese Abraham Independent Director 18.07.2021 8 Mr. Rajnish Kumar Independent Director 26.08.2021 9 Mr. Vinayak Chatterjee Independent Director 01.04.2022 10 Mr. Debashish Chatterjee Chief Executive Officer & Managing Director 14.11.2022 11 Ms. Apurva Purohit Independent Director 14.11.2022 12 Mr. Bijou Kurien Independent Director 14.11.2022 13 Mr. Chandrasekaran Ramakrishnan Independent Director 14.11.2022 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, File No.S-SEZ-MINS0EPTP/1/2022-JDCP I/2874/2023 253

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. 04 : Application for Approval of Change in Shareholding Pattern submitted by M/s. Nitor Infotech Pvt Ltd-Unit I & II. After deliberation, the committee approved the proposal of Change in Shareholding Pattern submitted by M/s. Nitor Infotech Pvt Ltd-Unit I & II for Change in shareholding pattern in terms of Instruction No. 109 dated 18.10.2021, as detailed below: Approved Shareholding Pattern: Name of Shareholders Class of Equity Shares Approved Shareholding Value of Shares Ascendion Engineering

Pvt Ltd. Class A (Rs.10/-each) 65,80,731 6,58,07,310 Mr. Sanjay Patel (S Nominee Shareholder

of Ascendion Engineering

Pvt Ltd) Class A (Rs.10/-each) 1 10 Ascendion Engineering

Pvt Ltd. Class C (Rs.5/- each) 1,79,278 8,96,390 67,60,010 6,67,03,710 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. File No.S-SEZ-MINS0EPTP/1/2022-JDCP I/2874/2023 254

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 File No.S-SEZ-MINS0EPTP/1/2022-JDCP I/2874/2023 255