Minutes of the 1077 Meeting of the Approval Committee held under the Chairmanship of Shri R. K. Mishra, Zonal Development Commissioner, SEEPZ- SEZ, Mumbai for Sector Specific Special Economic Zone for IT/ITES of Magarpattal Township Development and Construction Co, Ltd.-SEZ, Village Hadapsar, Tal. Haveli, Dist. Pune 411013, held on 18.12.2023 via video conference 1 [Name of the SEZ |Magarpatta Township Development And Construction Co. Ltd.-SEZ 2 |Sector IT/ITES 3 |Meeting No. 107४! 4 |Date 18.12.2023 Members present Sr |Name and Designation Department (S/Shri.) 1 जि<या. Mital Hiremath Pune Cluster SEZ, Pune oint Development Commissioner 2 Shri. Sandeep Sathe, Nominee of Income Tax, Pune DCIT-Circle 4, Pune 3 |Shri Suresh B Dhapodkar, FTDO, Nominee of DGFT, Pune DGFT 4 |Smt. Malathi J. Nair Nominee of Customs, Pune Superintendent Special Invitee |sr | Name and Designation Department 1 |Shri 0. 8. More, Specified Officer ISEEPZ-SEZ, Pune Cluster Agenda Item No. 01: Confirmation of the Minutes of the 106TM meeting held on 05.12.2023. After deliberation, the Committee confirmed the minutes of the 106" meeting of Approval Committee held on 05.12.2023. Agenda Item No. 02: Monitoring of Performance for M/s. EXL Services.com (India) Pvt Ltd. The performance of the unit for i. 45 Block period of 5 years i.e. 2012-13 to 2016-17 fi, 27% Block period of 5 years i.e. 2017-18 to 2021-22, was placed before the Approval Committee for Monitoring purpose. The Committee observed that « The Unit has achieved export revenue of Rs. 154.70 Crores as against projected export of Rs. 226.40 Crores for FY 2012-13 to 2016-17 in 05 years

File No.S-SEZ-PROOMTDC/10/2022-JDCP of 15* Block period with a positive cumulative NFE of Rs. 151.11 Crores. * The Unit has achieved export revenue of Rs. 230.08 Crores as against projected export of Rs. 199.97 Crores for FY 2017-18 to 2021-22 in 05 years of 24 Block period with a positive cumulative NFE of Rs. 252.32 Crores with employment of 415 employees (Men- 272 & Women-143) as on 31.03.2023 After deliberation, the Approval committee noted the performance of M/s. EXL Services.Com (India) Pvt Ltd for 5 years of 17 Block period i.e. 2012-13 to 2016-17 and 5 years of 224 Block period of 5 years i.e. 2017-18 to 2021-22, interms of Rule 54 of SEZ Rules, 2006. Agenda Item No. 03: Monitoring of Performance for M/s. Accenture Solutions Pvt Ltd (LOA 19) The performance of the unit for the FY 2022-23 ie 057 year of 377 Block period (ic. 2018-19 to 2022-23) was placed before the Approval Committee for Monitoring purpose. The Committee observed that the Unit has achieved export revenue of Rs. 872.39 Cr. against the projected export of Rs. 587.28 Crores for FY 2022-23 in Sth year of 3rd Block period (i.e. 2018-19 to 2022-23) with a positive cumulative NFE of Rs. 3359.66 Crores with employment of 4441 employees (Men- 2217 & Women- 2224) as on 31.03.2023. After deliberation, the Approval committee noted the performance of M/s. Accenture Solutions Pvt Ltd for 05th year of 3rd Block period i.e., 2022-23 in terms of Rule 54 of SEZ Rules, 2006, Agenda Item No. 04: Monitoring of Performance for M/s. Accenture Solutions Pvt Ltd (LOA 31) The performance of the unit for the FY 2022-23 i.e 0371 year of 20१ Block period (ie. 2020-21 to 2024-25) was placed before the Approval Committee for Monitoring purpose. The Committee observed that the Unit has achieved export revenue of Rs. 742.23 Crore as against projected export of Rs. 302.73 Crore for FY 2022-23 in 03rd year of 2nd Block period (ie. 2018-19 to 2022-23) with a positive cumulative NFE of Rs. 1636.81 Crores with employment of 3707 employees (Men- 1815 & Women-1892) as on 31.03.2023. After deliberation, the Approval committee noted the performance of M/s. Accenture Solutions Pvt Ltd for 0371 year of 2"4 Block period ie., 2022-23 in terms of Rule 54 of SEZ Rules, 2006. Agenda Item No. 05 : Application for approval of change in Directors submitted by M/s BNY Mellon Technology Pvt Ltd. After deliberation, the Committee approved the proposal of the Unit for change in Board of Directors, in terms of Instruction No. 109 dated 18.10.2021 issued by MOCI, as detailed below:

File No.S-SEZ-PROOMTDC/10/2022-JDCP Approved List of Board of Directors: Sr. No. Name of the Director Designation Date of Appointment/ Resignation 1. |Mr. Pawan Gwaldas Panjwani |Managing Director |26.09.2023 (Appointment) 2. |Pallavi Shome Director 3. |Srinivas Rangarajan Director 4. |Mark David Todd Gibbons Director The approval is subject to the conditions as laid down in Instruction No. 109, as applicable, issued by MOC&I

b. h. 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 (IT&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. (Rajesh Kumar Mishra, IRS) Chairman-cum- Development Commissioner