| SEEPZ SPECIAL ECONOMIC ZONE ANDHERI (EAST), MUMBAI. : | AGENDA FOR MEETING OF THE APPROVAL COMMITTEE FOR SECTOR SPECIFIC | SPECIAL ECONOMIC ZONE FTWZ OF M/s. ARSHIYA LIMITED AT VILLAGE SAI, TALUKA PANVEL, DISTRICT RAIGAD. SOURCE : Video Conferencing through Cisco WEBEX application. DATE : Friday, 31st March, 2023 TIME ४ 11:30 A.M. | KERKEKRKEEEKKEREKKE | SY

Meeting of the Approval Committee for Sector Specific Special Economic Zone for FTWZ of M/s. Arshiya Limited at Sai Village, Taluka Panvel, District Raigad under the Chairmanship of aigad under the Chairmanshi of Development Commissioner, SEEPZ-SEZ on Friday, 31st_March, SEEPZ-SEZ on Frida 31st March 2023. INDEX Agenda Item No. aes Agenda Item No. 01:

Confirmation of minutes of the meeting held on 31.01.2023. Agenda Item No. 02:

Approval w.r.t. Change in Shareholding pattern and change in Directors of the Company न M/s. Ashapura Aromas Private Limited. Agenda Item No. 03:

Approval w.r.t. Change of Name of the Company from M/s. Sulphur Mills Limited to M/s. SML Limited - M/s. Sulphur Mills Limited. के oR oe a भू के ae ob oe dee ok ae oe de oe ke

FHG NOL.DELI-14UL HOLL IND 197802/2023/NS Minutes of the 145" Meeting of the Approval Committee for Multi Sector Special Economic Zone of M/s. Arshiya Limited-SEZ under the Chairmanship of Development Commissioner, SEEPZ- SEZ ‘held on 31.01.2023 through Video Conferezicing, 1. Name of the SEZ है : M/s. Arshiya Limited. 2. Sector : Multi Sector 3. Meeting no. : 145 4, Date ना : 31.01.2023 Members Present: Sr. Name of Members Designation Organization 1 hri. C. P.S. Jt. Development SEEPZ-SEZ. hauhan Commissioner, 2 Shri. Harmesh Lal Joint Commissioner Nominee of Income Tax office, neome lax Kautilya Bhawan, Bandra, Mumbai. 3 Shri. Haroon Bilal [Deputy Director DGFTNominee of the DGFT, Munmibai. 4 Smt. Kirti Deputy Director [Nominee of Directorate of Industries, Deshmukh Industries IMumbai. . Asstt, Commissioner, Nominee of Commissioner of 5 Pr M. Prabhakar Customs | ‘ustoms, General, Air Cargo, Sahar. a ri, Indrajeet

• Field Officer Nominee of MPCB, Mumbai. Deshmukh Special Invitee:-

1. Shri. Fredrick F. Nazareth : Specified Officer, Arshiya-SEZ. Shri. Raju Kumar, ADC (New SEZ), Shri. Haresh Kisan Dahilkar, ADC (New-SEZ), Smt. Bridget Joe, EA to Development Commissioner/Estate Manager, Shri. Ravindra Kumar, Assistant and Smt. Rekha Nair, Assistant and also attended for assistance and smooth functioning of the meeting. Agenda Item No. 1: Confirmation of Minutes of the 144 meeting held on 30.12.2022, हु . 75६

FH NULOEL 114A 111&ए&7 न 197802/2023/NS The Minutes of the 144° Meeting held on 30.12.2022 were confirmed with consensus. Ratification of decision taken by Development Commissioner, SEEPZ-SEZ regarding Amendment of Letter of approval 4५५०. SEZ Unit M/s. Kyoriteu Electric India Pvt. Lid. for trading and warehousing items into existing Letter of Approval in Processing area of Arshiya-SEZ over an area of Admeasuring 500.00 Sq. ft. in Warehouse No.03 in FTWZ (SEZ) located at Village-Sai, Taluka — Panvel, District — § Raigad, Maharashtra. The details of the same are below: * Item Description:- Sr. No. Item Description From 1 Trading for EOL Tester हु 2 [Functional Test jigs 3 CT Test Jigs Sr. No. Item Description To 1 [Focus 2000 In Circuit Tester 2 PCB Router Machine 3 Advanced 3D Solder Paste Inspection System 4 Advanced 3D Optical Inspection System 5 X-Ray Inspection Machine Decision:- After deliberation, ‘the Committee ratified the proposal of Ratification of decision taken by Development Commissioner, SEEPZ-SBEZ of M/s. Kyoritsu Electric India Pvt, Ltd. located at Arshiya SEZ w.r.t Amendment of Letter of approval ta include additional trading and warehousing items into existing Letter of Approval in terms of Proviso 2 of Rule 19(2} of SEZ Rules, 2006. The meeting ended with the vote of thanks to the Chair. Signed by Shri. Shyam Jagannathan Date: 07-02-2023 22:57:54 Re@nedrpefsencvath- Development Commissioner 76६

Action taken for the UAC Meeting held on 31.01.2023 31.01.2023 Nameot Name of Unit Subject Action Taken Ratification for Amendment of Letter ; M/s. Kyoritsu of Approval 17.0. trading and Arshiya - E दिk ५ warehousing items into existing Letter : E lectric India हिm : Propsal ratified SEZ Pvt. Ltd of Approval in Processing area of : हु है Arshiya-SEZ over an area of Admeasuring 500.00 Sq. ft.

File No.SEZ1-12/206/2022-NS GOVT. OF INDIA, OFFICE OF THE DEVELOPMENT COMMISSIONER, MINISTRY OF COMMERCE & INDUSTRY, SEEPZ (SPECIAL ECONOMIC ZONE) MUMBAI ऋऋऋ“ऋ

जे RE RREEIN

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE a. Proposal: - Request of M/s. Ashapura Aromas Private Limited located at Arshiya Limited FTWZ for Change in Director and Change in Shareholding Pattern of the Company 9. Specific issue on which decision of Approval Committee is required:- Request for Change in Director and Change in Shareholding Pattern of the Company 2. Relevant provisions of SEZ Act, 2005 & Rules, 2006/ Instruction/ Notification: MOC&lI Instruction No. 109 dated 18* October, 2021 - ‘In supersession of Instruction No. 89 dated 17.05.2018 and Instruction No. 90 dated 03.08.2018 of this Department on the subject cited above and in exercise of provisions of Section 10(10) of the SEZ Act, 2005, it is hereby conveyed that the guidelines for approval in the cases of reorganization including change of name, change of shareholding pattern, business transfer arrangements, court approved mergers and demergers, change of constitution, change of Directors, etc. of SEZ Developers / Co-developers as well as SEZ Units shall be as follows. (i) Reorganization including change of shareholding pattern, business transfer arrangements, court approved, mergers and demergers, change of constitution, change of Directors etc. may be undertaken by the Unit Approval Committee (UAC) concerned subject to the condition that the Developer / Co-Developer / Unit shall not opt out or exit out of the SEZ and continues to operate as a going concern. All liabilities of the Developer / Co-Developer / Unit shall remain unchanged on such reorganization. d. Other Information: -

File No.SEZ1-12/206/2022-NS ILOP No. & Date EEPZ/NEWSEZ/ARSHIYA-RAIGAD/ 138/2016- 17/06961, Dated 19.06.2020. 2|Unit FTWZ Location nit No. 174, 18t Floor, Administrative Building, Arshiya IFTWZ, Village — Sai, Taluka - Panvel, District Raigad. 3|Item(s) of manufacture/ [Trading & Warehousing Activity . services 4 12912 of commencement 26.11.2020 . pf production 5|LOA Valid upto 18.06.2025 Documents submitted i. PAN Card of the Company . by unit. ii. IEC of the Company iii, Letter of Approval — Form G iv. Address proof of the Directors ‘v. CA Certified list of Pre and Post Shareholding Pattern vi.List of Director before and after sale of shares. vii.Undertaking ir.o. all the Directors of the Company w.r.t. non involvement in any case affecting the status of Unit. viil.Form DIR 12 (Cession and Appointment) of the Director of the company. Following are the points:

1. The unit vide letter dated 28.07.2022 has stated as under: a. The promoters/existing shareholders of Ashapura Aromas Private Limited had signed an agreement on 24-June-2022 for Share Purchase and Subscription Agreement for sale of majority stake to azelis India Private Limited from the effective date. b. The promoters shall continue to be a part of the management and solely responsible for all the regular operations of the company. c. The proposed transaction will be effective upon fulfillment of certain Condition Precedents including the intimation to this office. At present the transaction is expected to be closed by the third week of July 2022 as targeted by ail the parties. 2.The unit vide letters dated 07.10.2022, 14.01.2023 & 17.02.2023 has

File No.SEZ1-12/206/2022-NS complied / provided with required details /documents. A. The details of list of director (before & after) and Shareholders (Pre & Post} are as under - i. List of Directors before and after : Sr. No. \Change of Directors before 7. No. |Change of Directors after 1. Ajay Kiran Kantilal Gudka 1. Ajay Kiran Kantilal Gudka 2. INayan Kantilal Gudka RB | INayan Kantilal Gudka 3. Harsha Ajaykiran Gudka 3. | Aparna Lalit Khurana — a arlo Ravera ii. (a) The details of Shareholding Pattern of the company (Pre) (on _ 31.03.2022) : Sr. No. \Change of Shareholding Pattern| % of Shares (F.V. Rs. 100 % of Holding each) 1. Ajaykiran Kantilal Gudka 3740 49.867 2. Harsha Ajaykiran Gudka 3750 50.000 3. INayan Kantilal Gudka 1 0.013 4. IKantilal Hemraj Gudka 1 0.013 5. Hansa Kantilal Gudka 1 0.013 6. | INehal Nayan Gudka 1 0.013 7. KKantilal Hemraj Gudka HUF 1 0.013 Is. | Ajaykiran Kantilal Gudka HUF 1 0.013 9. | hreya Ajaykiran Gudka 1 0.013 10. Kairvi Ajaykiran Gudka 1 0.013 11 IRayansh Nayan Gudka 1 0.013 12 INayan Kantilal Gudka HUF 1 0.013 ‘otal 7500 100.000 (b) The details of Shareholding Pattern of the company (Post) {on . 07.09.2022): Sr. No.|Change of Shareholding Pattern} % of Shares (F.V. Rs. 100 % of Holding each) 1. Azelis (India) Private Limited 5250 70.00 2. Ajaykiran Kantilal Gudka 1125 15.00 3. Nayan Kantilal Gudka 1125 15.00 Total 7500 100.00 f. ADC’s Recommendation: - Proposal of M/s. Ashapura Aroma Pvt. Ltd., located at Arshiya Limited- FTWZ-SEZ for approval for Change in Director and Change in Shareholding

File No.SEZ1-12/206/2022-NS Pattern of the Company is scrutinized and placed before the Approval Committee Meeting for consideration in terms of MOC&I Instruction No. 109 dated 187 October, 2021. KRRKK KR RENAE REAR फ फ फेक ज कफ ४

File No.SEZ1-12/11/2023-NS GOVERNMENT OF INDIA OFFICE OF THE DEVELOPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE, ANDHERI (EAST), MUMBAI KRKRKKRKEREREEERER AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE a. Proposal :- Approval for change of name of the unit M/s. Sulphur Mills Limited b. Specific Issue on which decision is required :- Change of the name of the unit from M/s. Sulphur Mills Limited to M/s to SML Limited. a. Relevant provisions of SEZ Act, 2005 & Rules, 2006/ Instruction/ Notification: MOC&I Instruction No. 109 dated 18** October, 2021 - Reorganization including change of shareholding pattern, business transfer arrangements, court approved, mergers and demergers, change of constitution, change of Directors etc. may be undertaken by the Unit Approval Committee (UAC) concerned subject to the condition that the Developer / Co-Developer / Unit shall not opt out or exit out of the SEZ and continues to operate as a going concern. All liabilities of the Developer / Co-Developer / Unit shall remain unchanged on such reorganization. Other Information : 11.07 No. & Date EEPZ/NEWSEZ/ARSHIYA-RAIGAD/ 157/2017- . 18/06492, Dated 12.03.2018. 2|Location 604, Business Point, 349 Western Express Highway, Andheri (East), Mumbai-400069. SEZ Unit’s Address: Unit No. 152, Administrative building, Arshiya-FTWZ, Village Sai, Taluka-Panvel, Dist. - Raigad. 3 [tem{s) offfrading & Warehousing Activity . manufacture/ services 4\Date 0ff28.06.2018 . fommencement fe) production

File No.SEZ1-12/11/2023-NS 5ILOA Valid upto 28.06.2023 ; i. MOA/AOA . Submitted by unit. ii. PAN Card iii. IEC Copy iv.GST Copy and for name v. Board Resolution for Authorised signatory Change of Name. vi.ROC Copy vii.List of Director before and after change 0 viii.CA Certified List of Shareholding Patterns before and after change of name. ix.Online Submission in NSDL System The unit has stated as under for change of name: i. The Board of Directors in the Board Meeting decided to change the name of the company to reach the global requirement. They had applied for the same before Ministry of corporate Affairs, Company’s department wherein the ROC has approved the same and the company’s name had been changed from M/s. Sulphur Mills Limited to M/s. SML Limited. ii. company before & after change of name of the company. iii. The unit vide letters dated 22.02.2023 has submitted the details/documenis. There is no change in list of Directors and List of Shareholding Pattern of the The details of directors and Shareholding pattern are as follows:-

1. Details of Directors: Sr. [Board of Directors before change offBoatd of Directors after change 0 No. fname Iname IName of Director [Designation IName of Director [Designation 1 Deepak hairman & Whole-|Deepak hairman & Whole- IPranjivand as|time Director IPranjivand as|time Director hah Shah 2 |Bimal D. Shah Managing Director [Bimal D. Shah Managing Director 3 hilpa D. Shah hole-time Director |Shilpa D. Shah hole-time Director 4 uketu C. Doshi hole-time Director|Suketu C. Doshi hole-time Director 5 Binoy 8. Shah hole-time Director [Binoy S. Shah hole-time Director P| Komal N. hole-time Director Komal N.jWhole-time Director

File No.SEZ1-12/11/2023-NS IBhukhanwala IBhukhanwala 7 Mr. Sanjay R.IIndependent IMr. Sanjay R.[Independent Buch Director Buch Director | | IMr. Parthiv C.lIndependent Mr. Parthiv C.lIndependent Shah (Director Shah Director a IMr. Rajiv M.iNon-Executive ॥ 48 Rajiv M.|Non-Executive Pandit [Director [Pandit Director It is seen from the above that there is no change in the directors before and after name change. 2. Details of Shareholding pattern: List of Shareholders (Before) List of Shareholders (After) Sr. Name of No of % of Name of No of % of No Shareholders Shares | holding Shareholders Shares | holding 1 Deepak Shah 31240 16.14 [Deepak Shah 31240 16.14 hilpa Shah Shilpa Shah Bimal Shah Bimal Shah 2 (Deepak Shah 17600 | 9.09 | [Deepak Shah 17600 | 9.09 | 3 [Bimal Deepak 100 0.05 {Bimal Deepak 100 0.05 hah hah [Deepak Shah [Deepak Shah Komal Neeraj Komal Neeraj IBhukhanwala iBhukhanwala 4 |Komal Niraj 100 0.05 (Komal Niraj 100 0.05 Bhukhanwala IBhukhanwala IDeepak P Shah [Deepak P Shah Bimal Deepak Bimal Deepak Shah hah 5 (Shilpa Shah 44140 22.80 Shilpa Shah 44140 22.80 [Deepak Shah IDeepak Shah : Bimal Shah Bimal Shah | | Deepak P Shah 29600 15.29 [Deepak P Shah 29600 15.29 Hut Hut 7 jSuketu 500 0.26 uketu 500 0.26 Chandrakant handrakant Doshi Doshi Zarna Suketu Zara Suketu Doshi Doshi 8 | Zarba S Doshi 1560 0.81 Uarba 5 Doshi 1560 0.81 uketu C Doshi uuketu C Doshi |? Aditi Hilgers 1040 0.54 (Aditi Hilgers 1040 0,54 Zarna S/ Doshi Zarna S/ Doshi 10 [Rasesh Rasiklal 180 | 0.09 | IRasesh Rasiklal 180 | 0.09 |

File No,SEZ1-12/11/2023-NS IDoshi [Doshi 11 Rajesh Rasiklal 1200 0.62 {Rajesh Rasiklal 1200 0.62 [Doshi Doshi IMeena Rajesh Meena Rajesh Doshi Doshi 12 [Binoy Shailesh 11870 6.13 - [Binoy Shailesh 11870 6.13 hah hah IHimani Binoy Himani Binoy hah hah 13 |Rekha Shailesh 5280 2.78 {Rekha Shailesh 5280 2.78 11811 sh IBinoy Shailesh Binoy Shailesh hah hah 14 |Shailesh P Shah 21550 11.13 |Shailesh P Shah 21550 11.13 (HUF) (HUF) 15 jLopa Notani 4350 2.25 jLopa Notani 4350 2.25 16 |Parimal P Shah 130 0.07 |Parimal P Shah 130 0.07 17 \Parul Parimal 200 0.10 [Parul Parimal 200 0.10 hah hah 18 Parimal P. Shah 460 0.24 |Parimal P. Shah 460 0.24 19 Vay Parimal Shah 2570 1.33 ay Parimal Shah 2570 1.33 Parul Parimal IParul Parimal hah hah 20 iRavi Parimal Shah | 2550 1.32 Ravi Parimal Shah | 2550 1.32 21 Gaurav Jayant 5125 2.64 aurav Jayant 5125 2.64 hah hah INiti Gaurav Shah INiti Gaurav Shah 22 |Mahesh Jagivan 750 0.39 [Mahesh Jagivan 750 0.39 © hah hah 23 \Virag Bharat Shah 300 0.15 irag Bharat Shah 300 0.15 Bharat Jagjivan Bharat Jagjivan hah Shah 24 |Mitul Mahesh 250 0.13 |Mitul Mahesh 250 0.13 hah hah Mahesh Jagjivan Mahesh Jagjivan hah hah 25 |Mahesh Jagjivan 250 0.13. Mahesh Jagjivan 250 0.13 hah hah Kunjalata Jagjivan IKunjalata Jagjivan hah hah 26 [Kunjalata Mahesh 250 0.13 [Kunjalata Mahesh 250 0.13 hah hah Mahesh Jagjivan Mahesh Jagjivan hah hah 27 Meghna Mitul 125 | | Meghna Mitul 125 | 08 | hah hah 28 |Nehali Shroff 125 a INehali Shroff 125 “ nehal Harshad haro nehal Harshad haro

File No.SEZ1-12/11/2023-NS 29 |Rajul Amit Shah 1000 0.52 |Rajul Amit Shah 1000 0.52 Amit Chandrakant Amit Chandrakant hah hah 30 |Anit Chandrakant 1000 0.52 |Anit Chandrakant 1000 0.52 hah hah 31 [Prakash Himatlal 4250 2.20 (Prakash Himatlal 4250 2.20 Shah Shah 32 IRajul Manoj Shah 3860 1.99 jRajul Manoj Shah 3860 1.99 Total 193605 100 Total 193605 100 It is seen from the above that there is no change in the shareholding pattern before and after name change. ADC Recommendation: * Proposal of the unit for change of name of the company from M/s. Sulphur Mills Limited to M/s. SML Limited is scrutinized and found in order, hence recommended to the Approval Committee Meeting for consideration for consideration in terms of MOC&I Instruction No. 109 dated 1877 October, 2021. RIAA ऊँ हे रू फ मे मे के EAI REERERERE,