Minutes of Approval Committee meeting for Pune-Cluster held on 19 Oct. 2023 — 05-minutes-midc-sez

Minutes of the 126th Meeting of the Approv Chairmanship of Zonal Development Commi for Sector Specific Special Economic Zone fo held on 19.7O.2023 via video conferencing. al Committee held under th ssioner SEEPZ-SEZ, Mumba r ITIITES of MIDC-SEZ, Pun /s MIDC - SEZ PUNE ame of the SEZ T/ITES ector 26th eeting No. ate Luilt File No.S-SEZ-MINS0MIDC/1 12022-JD0P Members present Special Invitee Sr ame and Designation e rtment 1 ri Satbir Sharma ecified Officer une Cluster, SEZ, Pune. p Agenda ltem No.01: Confirmation of the Minutes of the 125rd meeting held on21,O9.2O23 After deliberation, the Committee confirmed the minutes of the 125s meeting of Approval Committee held on 2L'O9'2023 Agenda Item No. 2 : Monitoring of Performance for M/s' Synechron Technologies hrt Ltd. : After deliberation, committee noted the performance of the unit for the period from FY }OLB-L} toF'I 2O2t-22 i.e.,4 years of the 3rd block period, in terms of Rule 54 of SEZ Rules, 2006' The unit has achieved cumulative expoft revenue of Rs. 323.71 Crores as against proiected export of Rs.538.23 Crores and positive achieved cumulative NFE of Rs. 307.41 Crores which is 94.960/o in 04 years of 3rd Block Period i.e. during the period ( FY 2018-19 to 2021-22) The unit has achieved Employment of 221 employees (Men-206' Women-15) as on 37.O3.2022. Agenda Item No. 3 : Application for M/s. Nxtra Data Ltd., (co-Developer) for Change in Board of Directors. Sr ame and Designation epartment /shri.) 1 mt. Mital Hiremath une Cluster SEZ, Pune oint Develop ment Commissioner ri. Sandeep Sathe, ominee of Income Tax, Pune CIT-Circle 4, Pune 3 hri. Krishna Das Nair, TDO ominee of DGFT, Pune 4 mt. Malathi Nair uperintendent 9.10.2023 2 ominee of Customs, Pune

File No.S-SEZ-MINSOMIDC/1 12022-JOCP After deliberation, the Committee approved the proposal of the Co- Developer in its meeting held on L9.7O.2O23, in terms of Instruction No. 1O9 dated 18.10.2021, issued by MOC&!, as detailed below: Approved Board of Director: Sr. No. Name of the Director Designation DIN Date ol Appointment 1- Ashish Arora Wholetime Director & CEO 0969259t Kapil Modi Director 07055408 3 Neeraj Bharadwaj Director ot3t4963 Aruna Pidikiti Director 08976601 5 Rajesh Tapadia Whole Time Director & COO 08391891 6 Harjeet Kohli Director 07s75744 7 Vani Venkatesh Director B GaryWojtaszek Independent Director 09658718 9 Ganapathi Lakshminarayanan S Director 01828t04 21.O8.2023 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 actirrities 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 (lT&RJ, CBDT, Department of Revenue and to the j urisdictional Authority. e. The assessing officer shall have the right to assess the taxability ofthe 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, 2. 4. oaz12tB6

L96L. 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 recogaized by the new name or such arrangement in all the records. Agenda ltem No. 4 : Application for M/s. Nxtra Data Ltd., (Unit) for Change in Board of Directors. After deliberation, the committee approved the proposal of the unit in its meeting held on 79.70.2023, in terms of Instruction No. 109 dated 18.10.2021, issued by MOC&I, as detailed below: Approved Board of Director: The approval is subiect 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. Sr. No. Name of the Director esignation DIN Date oI Appointment 7 Ashish Arora Wholetime Director & CEO 09692597 Kapil Modi Director 07055408 3 Neeraj Bharadwaj Director o7374963 Aruna Pidikiti Director 08976601 5 Rajesh Tapadia Whole Time Director & COO 08391891 6 Harjeet Kohli Director 07575744 7 Vani Venkatesh Director 082L2186 GaryWojtaszek Independent Director 09658778 Ganapathi S Lakshminarayanan Director 07828704 2r.oa.2023 File No.S-SEZ-MINS0MIDC/1 |20224DCP 2. 4. a. 9.

File No.S-SEZ-MINSOMIDC/1 12022-JDCP d. Full financial details relating to change in equity/merger, demerger, amalgamation or transfer in ownership etc. shall be furnished immediately to Member (lT&R), CBDT, Department of Revenue and to the jurisdictional AuthoritY. e. The assessing officer shall have the right to assess the taxability ofthe gain/loss arising out of the transfer of equity or merger, demergel amalgamation, transfer in ownerships etc. as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 1967. 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 recogrrized by the new name or such arrangement in all the records. Agenda No.5 : Application of M/s Pesh Infra Builders LLP for Approval of for Change in Name of the company. After deliberation, tle Committee approved the proposal of the Co-Developer for Change in Name of the Company in terms of Instruction No. 109 dated 18.10.2021, which is as detailed below: Change ln Name of the Company: Name before Change Name After Change M/s Pesh Ifra Builders LLP M/s Tudip Infra LLP List of Capital Contribution/ Partners/ Nominee before fPesh Infra Builders) & after (Tudip Infra LLP) change in Name of the LLP Sr. No. Pesh Infra Builders LLP) efore change in Name ofLLP r change in the name of (Tudip Infra LLP) Name of Designated Parties to the LLP Agreement Through Nominee Designate d Partner Capital Contributio n (Amount in Rs.J [.lame of Iesignated Parties to the LLP [g.""-"nt Through Nominee Designate d Partner Capital Contributio n (Amount in Rs.) 01 Name of 1st Partner Tudip Technologies Pvt. Ltd. Name: Dipti Agarwal [ltame of 1st br*n". [tudip Technologies lnr.t. lta. 9A,OO0 /- Name: Dipti Agarwal 98,o00/- 02 Name of 2nd Partner : Dipti Agarwal 1000/fu3pg 612nd lPartner, fiipti agarwal 7Oo0 /- 03 Name of 3rd Partner : Tushar Vijay Agarwal LOOO/Fame of 3 lPr.trr"., hushar vii JAgarwal rd ay r0oo/- Total 1,00,000/- 1"odDo-oafA;a

File No.S-SEZ-MINS0MIDC/1 I20224OCP Theapprovalissubjecttotheconditionsaslaiddowninlnstruction 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/SEBIetc.Act/Ruleswhichregulateissueslikecapitalgains, 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 flT&R), CBDT, Department of Revenue and to the iurisdictional AuthoritY' e. The assessing officer shall have the right to assess the taxability ofthe gain/loss arising out of the transfer of equity or merger' demerger' amalgamation, transfer in ownerships etc' as may be applicable and eligibilityfordeductionunderrelevantsectionsofthelncomeTaxAct, L96L. f. The applicant shall comply with relevant State Government laws' including those relating to lease ofland, as applicable' g.TheapplicantshallfurnishdetailsofPANandjurisdictionalassessing 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' (Raiesh Kumar Mishra, IRS) Chairman-cum- DeveloPment Commissioner *ffi