25/09/2023 — 09-9-krc-infrastructure-sez-minutes-of-meeting-held-on-21-sept-

Minutes of the 34rd 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. KRC Infrastructure and Projects Pvt. Ltd. & GERA Resorts Pvt. Ltd.-SEZ, Pune, held on 21.09.2023 1 Name of the SEZ M/s. KRC Infrastructure and Projects Pvt. Ltd. & GERA Resorts Pvt. Ltd. 2 Sector IT/ITES 3 Meeting No. 34rd
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. Sunitha Jagtap Superintendent Nominee of Customs, Pune Special Invitee Sr Name and Designation Department 1 Shri Satbir Sharma Specified Officer M/s. KRC Infrastructure and Projects Pvt. Ltd. & GERA Resorts Pvt. Ltd. Agenda Item No.01: Confirmation of Minutes of the 33nd meeting held on 10.08.2023 After deliberation, the Committee confirmed the minutes of the 33nd Approval Committee meeting held on 10.08.2023. Agenda Item No.02: Application for Approval of Change in Name submitted by M/s. Gera Resorts Pvt Ltd.(Developer) After deliberation, the committee approved the proposal of the Developer for Change in name, in terms of Instruction No. 109 dated 18.10.2021, as detailed below: Change in Name of SEZ Developer: Name before Change Name After Change M/s. Gera Resorts Pvt. Ltd. M/s. Gera Holding Pvt. Ltd. File No.S-SEZ-MINS0KRCG/1/2022-JDCP

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 File No.S-SEZ-MINS0KRCG/1/2022-JDCP