SEEPZ SPECIAL ECONOMIC ZONE ANDHERI (EAST), MUMBAI. MEETING OF THE APPROVAL COMMITTEE FOR SECTOR SPECIFIC SPECIAL ECONOMIC ZONE FOR IT/ITES OF M/s. FESTUS PROPERTIES PRIVATE LIMITED. SOURCE: Video Conferencing through Cisco WEBEX application. DATE : Friday, 315 March, 2023. TIME : 11:30 A.M. TE ok

Meeting of the Approval Committee for Sector Specific Special Economic Zone for IT/ITES of M/s. Festus Properties Private Limited - SEZ under the Chairmanship of Development Commissioner, SEEPZ-SEZ on Friday, 31st March, 2023. INDEX

Item No.

oe — | Confirmation of minutes of the meeting Agenda Item No. 01: - | held on 27.02.2023. Monitoring of Partial Annual Performance Report for the period April to December Agenda Item No. 02 : - 2022 of their unit located at Festus-SEZ M/s. Cognizant _ Technology Solutions India Private Limited. कंककेकेकेककेकेक के के के के के के कै के के के के के के के के के.

File No.SEZ1-14011/1/2022-NS Minutes of the 60% Meeting of the Approval Committee for Sector Specific Special Economic Zone of M/s. Festus Properties Pvt. Ltd. - SEZ, at Powai, Mumbai, under the Chairmanship of Development Commissioner, SEEPZ-SEZ held on 27.02.2023 on Video Conferencing through Cisco WEBEX application. 1, Name of the SEZ : M/s. Festus Properties Pvt. Ltd. 2. Sector : IT/ITES 3. Meeting no : 60th 4. Date : 27.02.2023 Members Present: = Name of Members Designation Organization |1 | Shri. C. P. 8, t. Development ISEEPZ-SEZ. hauhan Commissioner, ५ Joint Commissioner [Nominee of Income Tax office 2 Shri. Hi h Lal | आंधना भाकाम का Income Tax [Kautilya Bhawan, Bandra, Mumbai. shri. Himanshu Deputy. Director 3 ५ th FT, i 8 Dhar Pandey DGFT iominee of the DGFT, Mumbai | | mt. Kirti Deputy Director lominee of Directorate oO! [Deshmukh Industries industries, Mumbai. शवों Gomuniiaaloner: Nominee of Commissioner of ls Shri. M. Prabhakar}

• Cc ? Customs, General, Air Cargo, ‘ustoms Sahar. | | Shri. Indraject Field Officer lominee of MPCB, Mumbai. Deshmukh Shri. R.K. Jain : Specified Officer, Festus-SEZ. hidas Londhe, ADC (New SEZ); Shri. Haresh K. Dahilkar, 3 K. Vanker, ADC (New SEZ); Smt. Bridget Joe, EA to Dr. Vijaykumar R ADC (New SEZ); Smt. k Development Commissioner/ADC i/c; Shri. Ravindra Kumar, Assistant and Smt. Rekha Nair, Assistant also attended for assistance and smooth functioning of the meeting. Agenda Item No, 01: Confi-mation of Minutes of the 59% meeting held on 31.01.2023. The Minutes of the ‘) Meeting held on 31.01.2023 were confirmed with

File No.SEZ1-14011/1/2022-NS consensus. Agenda Item No. 02 : Application for Approval w.r.t. Regularising Cafeteria & Gymnasium of the unit M/s. Tata Consultancy Services Limited (Unit-I) located at Festus - SEZ. The unit requested for the approval of Regularising Cafeteria & Gymnasium of the unit M/s. Tata Consultancy Services Limited (Unit-I) located at Festus - SEZ. Decision :- After deliberations, the Committee approved the proposal of the Unit M/s. Tata Consultancy Services Limited (Unit-I) located at Festus- SEZ for Regularising Cafeteria & Gymnasium of the unit in terms of Rule 11(5) of SEZ Rules, 2006 and as per Instruction No. 95 issued by MOC&I dated 11.06.2019 subject to verification report by Specified Officer that no tax/duty benefit has been taken for the same and if taken, same is repaid and no activities related to fire to be undertaken. Meeting ended with the vote of thanks to the Chair. Signed by Shri. Shyam Jagannathan Date: 03-03-2023 05:33:26 Gsanqoefworendm- Development Commissioner

Action taken for the UAC Meeting held on 27.02.2023 27.02.2023 Name of SEZ Name of Unit [Subject | Action Taken Festus - SEZ M/s. Festus Properties Pvt. Ltd. Application for Approval w.r.t. Regularising Cafeterial & Gymnasium of the unit M/s. Tata Consultancy Services Limited (Unit-I) located at Festus-SEZs Approval letter issued to the unit on 23.03.2023

File No.SEZ1-11011/87/2022-CUSTOM AGENDA NOTE FOR CONSIDERATION OF THE UNIT APPROVAL COMMITTEE A. PROPOSAL: Monitoring of the performance of M/s Cognizant Technology Solutions India Private Limited unit located in M/s Festus Properties Pvt. Ltd. - IT/ITES SEZ, Powai, Mumbai, for the period FY April 2022-Dec 2022 of 3rd block of 5TM Year period. Specific Issue on which decision of UAC is required: Monitoring of the performance of the Unit for FY April 2022-Dec 2022 of 3rd block of 5" Year period in terms of Rule 54 of SEZ Rules, 2006 The details of the approved export projections for 2022-2023 block period of 5 years i.e. FY 2April 2022-Dec 2022 of 3rd block of 5 Year period are as detailed below: (1) (a) APPROVED Projections for 22-23 FY (Rs. in lalchs) [SthYcar | Year Total FOB Value of export 14817 14817) FE Outgo 1582 1582) जज C—CSC—CS [ «132385 13235 (7) Performance as compared to projections during the block period April 2022- Dec 2022 (Rs. In lakhs) Export [moo | | OUTGO eral Raw Material A Other Financial Year (Goods/ Services) एकल: outflow Projected |Actual [Projected |Actual Projected Actual | Actual April 22 to Dec 22 14817 39% | | | ० | | ० | 4 80.72 Total 14817 suo | ० | Ff ate | ४ 80.72 (1) Cumulative NFE achieved during the block period FY April 2022-Dec 2022 (Rs. in Lakhs) [Year| Cumulative NFE [Cumulative NFE | Cumulative % NFE ‘|

File No.SEZ1-11011/87/2022-CUSTOM Projection Achieved | __ Achieved | April 22 to Dec 22 61405 63351 103.17] (IV) Whether the Unit achieved Positive NFE: Yes (D) Other Information: LOA No. & Date SEZ/MUM(I!)/LoA/2007-08/45 dated 31st December 2007 alidity of LOA bs May2023 Cd May 2023 item(s) of manufacture/ Services iTites.—CSSCSCSCSsd (Date of commencement of production 267 May 2008 ‘Execution of BLUT Order /Recovery Notice/ Recovery Order issued, if any la. BLUT for Goods IRs.890.08 Lakhs 9. BLUT for Services s.1800.00 Lakhs Outstanding Rent dues NCtTM~—“—SSCSC‘C [Labour Dues ज्ाs__॒v_॒v झ Validity of Lease Agreement 31% October 2022 (Pending CRA Objection, if any शा. C—OCCdC Pending Show Cause Notice/ Eviction INIL la) Projected employment for the block period b) INo. of employees as on 31.12.2022 8. Projected Employees: 1200 lb. Employees as on 31.12.22 TL, [Area allotted (in sq. ft.) 123280 Sqft Area available for each employee per sq. ft. PSS Be Se 7 | p q ft basis (area / no. of employees) Investment Tl Building | date Plant & IMachinery TOTAL Building | of Plant & Machinery | -o का, __ | | ०| एल Sq. ft. Export during the FY April 22 to Dec 22 IRs 24 Lakhs Per sqft Quantity and value of goods exported under INA Rule 34 (unutilized goods) Value Addition during the monitoring period NA—CSTCTCCTCCCSsd Whether all the APRs being considered now has been filed well within the time limit, or otherwise. es, APRs have been filed within) e time limit

File No.SEZ1-1 404 1187/2022-CUSTOM delayed to be given. if no, details of the Year along with no of days E) Reconciliation of Export & Import data. (a) EXPORT (Rs.in lakhs) Figures Figures as Year/ reported per Difference Diff oats on os Uni Period | in APR (FOB |Softex/Trade| if any france] “न Value) Data ) i) 150.37 worth of credit Note not adjusted in softex. ii) 1959.99 worth of export belongs to previous FY year softex. April 22 to iii) 28.19 due to exchange rate Dec 22 5119.96] 7202.13} 2082.17} difference. (b) IMPORT (Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis. (Rs.in lakhs) ‘ Figures as Year/ > a per Difference Reason for Period | fop [oftex/Trad| if any Difference(as per Unit letter) e Data fote (All are JUT Out) i. 38.65 is cancelled but reflecting in NSDL system April 22 to} 35.19 ii. 17.08 of IUT to STPI not reflecting Dec 22 हु in NSDL system iii. 57.47 worth IUT was removed on payment duty and not reflecting in -1037.94) 7 NSDL system. {F) Bond cum Legal Undertaking (BLUT) i ‘otal Bond-Cum Legal Undertaking (from inception) ES 2690.08 Ss ii (Remaining Value of BLUT given by entity at the start of the IRs. 2441.49 Financial Year 21-22 iiiValue of Additional Bond-cum-Legal Undertaking (BLUT) executed Pp | luring the Financial Year. 22-23

File No.SEZ1-11011/87/2022-CUSTOM iv The duty forgone on Goods/ Services imported or procured during P| he Financial Year (should include the GST foregone on DTA lbrocured goods/services) F/¥ 22-23 ० [Remaining Value of BLUT as at the end of the Financial Year [ (ii) + Rs. 2441.49 (iii) (iv)]. yond Permissible period, ifany whether necessary permission from AD Bank / RBI has been obtained. (G) peels of pending Foreign RemittanceNo Pending Realization as the unit realized all the remittances within ‘0 ©cross-check the same and verify|the timeline. (H)|Whether all Softex has been filed for the' said period. If no, details thereof. 0 to also check whether unit has bbtained Softex condonation from DC office} RBI and if approved, whether they have filed such pending Softex. es All Softex filed for the said| J ‘ether all Softex has been certified, if so ill which month has the same been| ertified. If not, provide details of the Softex| land reasons for pendency. Al Softex has been certified till the knonth of September 2022. No softex| Ihas been filed by the Unit after the said month. ‘ancellation of Softex ether unit has filed any request i ]!' | ether any Services provided in DTA / SEZ/EOU/STPI etc. against payment in NR in r/o IT/ITES Unit during the period. f yes, details thereof (year wise details to be provided) pm SY Rs.intakhs | In Lakhs April 22 to Dec 22 5882.30) (J)lis the Unit sharing any of their infrastructures with other units or are tilizing infrastructure of another unit in he same or other SEZ. If so, details hereof, including the details of the unit| ith whom the sharing is being made, and| he payment terms If approval for sharing of common infrastructure has been obtained from UAC DC office, the date of UAC / Approval etter to be indicated (K)|Whether all DSPF for services procured| during the said monitoring period under onsideration has been filed by the unit} land whether the same has been processed ior approval by the SO Office.

File No.SEZ1-11011/87/2022-CUSTOM ether unit has filed all DTA procurement w.r.t. the goods procured by hem during the monitoring period for the relevant period. If no, details thereof | [Details of the request IDs pending for OOC in respect of DTA procurement on the date| of submission of monitoring report Has the unit set up any cafeteria / canteen food court in unit premises. If yes, nether permission from UAC / DC office lhas been issued, or otherwise office has been issued, or otherwise ether unit has availed any duty -free 80065 / services for setting up such| facility? lif yes, whether unit has discharged such duty / tax benefit availed? details to be kiven including amount of duty / tax recovered or yet to be recovered e unit had set up of Cafeteria to ater employee needs. The unit has jot availed any fiscal benefits for Sctting up of Cafeteria or for bperational as such. Also, the afeteria has not been in use since ‘OVID pandemic. hether any violation of any of the} provisions of law has been noticed / observed by the Specified Officer during} period under monitoring Poo |