File No.S-SEZ-MINSOMIDC/1/2022-JDCP Minutes of the 1287४ 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 MIDC-SEZ, Pune held on 18.12.2023 at 11.30 am at SEZ Bhavan, Hinjewadi, Pune 1 |Name of the SEZ M/s MIDC - SEZ, PUNE

ector IT/ITES 3 [Meeting No. 1087 4 Date 18.12.2023 Members present Sr/Name and Designation Department (S/Shri.) 1 Smt. Mital Hiremath Pune Cluster SEZ, Pune oint Development Commissioner 2 Shri, Sandeep Sathe, Nominee of Income Tax, Pune IDCIT-Circle 4, Pune 3 |Shri Suresh B Dhapodkar, FTDO, Nominee of DGFT, Pune IDGFT 4 Smt. Malathi Nair Nominee of Customs, Pune uperintendent Special Invitee Sr |Name and Designation Department 1 hri Satbir Sharma SEZ Pune Cluster ecified Officer Agenda Item No.01: Confirmation of the Minutes of the 12677 meeting held on 05.12.2023 . After deliberation, the Committee confirmed the minutes of the 127th meeting of Approval Committee held on 05.112.2023 Agenda Item No. 02 : Monitoring of performance in r/o M/s. ThinkSmart IT Solutions Pvt Ltd. The performance of the unit for the FY 2019-20 to 2023-24 (upto Oct., 2023) i.e 05 years of Ist Block period {i.c. 2019-20 to 2023-24) was placed before the Approval Committee for Monitoring purpose. The Committee observed that the Unit has achieved export revenue of Rs. 12.53 Crores as against projected export of Rs. 10.04 Crores in first Block FY 2019-20 to 2023-24 (upto Oct., 2023) with a positive cumulative NFE of Rs. 12.53 Crores with an employment of 15 employees (Men- 10 & Women-05) as on

31.08.2023. After deliberation, the Approval committee noted the performance of M/s ThinkSmart IT Solutions Pvt Ltd. for 17 Block period i.e., FY 2019-20 to FY 2023-24 (upto Oct., 2023) in terms of Rule 54 of SEZ Rules, 2006. Agenda Item No.3: Application for approval of List of Material, submitted by M/s. Nxtra Data Ltd. (Co-Developer) : After deliberation, Committee approved the list of material in terms of Rule 12(2) of SEZ Rules, submitted by the Co-Developer of Rs. 74,70,08,838/- (Rs. 74.70 Crores) duly certified by the Chartered Engineer Makarand Kulkarni, (Registration No. 093577-0) dated 12.12.2023 for the authorized operation for development of their SEZ. Agenda Item No. 4 Application for Approval of Change in Directors submitted by Ascendas IT Park (Pune) Pvt Ltd. (Co-Developer) After deliberation, the Committee approved the proposal of M/s Ascendas IT Park (Pune) Pvt Ltd. (Co-Developer) 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 [DIN Date of Appointment 1, Mr, Sudhanshu Dutt Director 00360308 09.05.2023 2. Mr. Ying Soon Cheah IDirector 09406160 09.05.2023 3. | Mr. Vikas Kalia [Director 07841817 1010.2022 The approval is subject to the conditions as laid down in Instruction No. 109, as applicable, issued by MOC&l 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

File No.S-SEZ-MINSOMIDC/1/2022-JDCP 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. ee 2111: 2०2 (Rajesh Kumar Mishra, IRS) Chairman-cum- Development Commissioner