Agenda for meeting of Approval Committee meeting for Pune-Cluster to be held on 25- July- 2023. — 04-2eon-kharadi-infrastructure-pvt-ltd-phase-i

SEEPZ SPECIAL ECONOMIC ZONE ANDHERI (EAST), MUMBAI.

AGENDA FOR MEETING OF THE APPROVAL COMMITTEE FOR SECTOR SPECIFIC SPECIAL ECONOMIC ZONE FOR IT/ITES AT PUNE OF M/S. EON KHARADI INFRASTRUCTURE PVT. LTD.-SEZ, PHASE I.

Via Video Conferencing

DATE : 25.07.2023

TIME : 03:00 P.M.

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MEETING OF THE APPROVAL COMMITTEE FOR SECTOR SPECIFIC SPECIAL ECONOMIC ZONE FOR IT/ITES AT PUNE, UNDER THE CHAIRMANSHIP OF DEVELOPMENT COMMISSIONER, SEEPZ-SEZ ON 25.07.2023

INDEX

Agenda Item No.

Subject

Agenda Item No. 01 :- Confirmation of the Minutes of the meeting held on 27.06.2023 Agenda Item No. 02 :- Application for Approval of
Partial Deletion and Revision in Projections submitted by M/s. Tieto India Pvt Ltd. Agenda Item No. 03 :- Application for setting up of new unit submitted by M/s. Tietoevry Fintech India Pvt. Ltd. Agenda Item No. 04 :- Application for setting up of new unit submitted by M/s. Tietoevry Connect India Pvt. Ltd.

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1 Minutes of the 110th Meeting of the Approval Committee held under the Chairmanship of Zonal Development Commissioner SEEPZ-SEZ, Mumbai for Sector Specific Special Economic Zone for IT/ITES of M/s. EON Kharadi Infrastructure Pvt. Ltd.–Phase-I SEZ, Kharadi, Pune, held on 27.06.2023 via video conferencing. 1 Name of the SEZ M/s. EON Kharadi Infrastructure Pvt.
Ltd.-SEZ, Phase I 2 Sector IT/ITES 3 Meeting No. 110th 4 Date 27.06.2023 Members present Sr Name and Designation (S/Shri.) Department 1 Smt. Mital Hiremath Joint Development Commissioner Pune Cluster SEZ, Pune 2 Smt. Pradnya R. Gholap, DCIT (TDS) Pune Nominee of Income Tax, Pune 3 Dr. Dileeraj Dabhole Dy. DGFT Nominee of DGFT, Pune 4 Smt. Sunita Jagtap Superintendent Nominee of Customs, Pune Special Invitee S r Name and Designation Department 1 Shri B. Ajay Kumar Specified Officer M/s. EON Kharadi Infrastructure
Pvt. Ltd.-SEZ, Phase-I Agenda Item No.01: Confirmation of the Minutes of the 109 meeting held on 30.05.2023. After deliberation, the Committee confirmed the minutes of the 109th meeting of Approval Committee held on 30.05.2023 Agenda Item No.02: Application for Approval of Broad Banding of Services and Sharing of Infrastructure Services submitted by M/s. Eaton Technologies Pvt Ltd The Committee after deliberations approved the proposal of the unit for broad banding in terms of Rule 19(2). However, with regard to the proposal for sharing of infrastructure, it was informed to the Committee by the Specified Officer that the aspect of sub-letting was not verified. The Committee directed that SO should verify and make an elaborate submission as to whether sharing of infrastructure tantamount to sub-letting.
The Unit representative informed the Committee that as per their global agreement the new unit i.e. M/s Gepact India Pvt. Ltd. has to start their operations from 10th July, 2023 and without having access to the networking system they will File No.S-SEZ-MINS0EON1/1/2022-JDCP I/2320/2023 209

2 not be able to start their operations which will affect the business strategy and thus requested if approval for the said proposal could be given before 10.07.2023.
Based on the request of the Unit, the Committee directed that the Specified Officer should submit his report which should be taken on record and circulate the report to the members of the Approval Committee through mail for consideration. Based on the inputs received from SO, the Committee will take decision.
The report submitted was circulated to the members of Approval Committee through mail and based on the approval given by the Committee Members, the proposal of the unit for sharing of infrastructure was approved. Agenda Item No.03: Monitoring of Performance of M/s SG Analytics Pvt. Ltd After deliberation, the committee noted the performance of the Unit, in terms of, Rule 54 of SEZ Rules, 2006. As detailed below: (i) The unit has achieved export of Rs. 5145.58 lakhs against the Projected export of Rs. 7689.62 lakhs i.e, 66.91% in the FY 2017-18 of 1st Block period (ii) The unit has achieved Positive NFE of Rs. 21403.65 lakhs i.e, 90.87% on cumulative basis in the FY 2017-18 i.e., last year of 1st block period. (iii) The unit has achieved export of Rs. 20293.91 lakhs against the Projected export of Rs. 23695.24 lakhs i.e, 85.64% in the period of FY 2018-19 to 2021-22 of 2nd Block period. (iv) The unit has achieved Positive NFE of Rs. 19492.68 lakhs i.e, 96.03% on cumulative basis. (v) The unit has achieved Employment of 297 employees (Men 171, Women 126) (vi) The Committee observed that, the unit has provided services in DTA against payment received in INR during the following period: (Rs. In Lakhs) FY Sales Value 2017-18 47.77 2018-2019 8.99 Total 56.76 (vii) Since providing of “Services” in DTA against INR does not qualify as ‘Services’ as per definition given in Section 2(z) of the SEZ Act, 2005, Unit has violated the provisions of SEZ Act & Rules and hence Committee after deliberation, directed to initiate action against the unit for violation of various provision of SEZ Act / Rules and under Foreign Trade (Development and Regulation) Act, 1992. Agenda Item No.04: Monitoring of Performance of M/s Allscripts (India) LLP After deliberation, the committee noted the performance of the Unit, in terms of, File No.S-SEZ-MINS0EON1/1/2022-JDCP I/2320/2023 210

3 Rule 54 of SEZ Rules, 2006. As detailed below: (i) The Unit has achieved export of Rs. 31653.83 lakhs in the FY 2022-23. (ii) The unit has achieved Positive NFE of Rs. 27805.17 in last year 2022-23 on cumulative basis. i.e. 87.84% (iii) The unit has achieved Employment of 1829 employees (Men 1184, Women- 645) Agenda Item No. 05: Application for Approval of partial deletion with Revision in Projections submitted by Sears IT and Management Services India Pvt Ltd After deliberation, the committee approved the proposal of the Unit for partial Deletion of Area with Revision in Projections, in terms of Rule 19(2) of SEZ Rules, 2006 subject to submission of “No Dues Certificate” from the Specified Officer, as detailed below:

1. Partial Deletion of area admeasuring of 55,483.47 Sq.ft.. located at 5th Floor of Cluster D, Wing 2 and 7th Floor of Cluster C, Wing 2, EON Free Zone, EON Kharadi Infrastructure Pvt Ltd-Phase-I-SEZ from the existing area of 91,314 Sq.ft located at 4th & 5th Floor of Cluster D, Wing 2, and 7th Floor, Cluster C, Wing 2, EON Free Zone, EON Kharadi Infrastructure Pvt Ltd-Phase-I-SEZ,, remaining area after partial deletion will be of 35,830.53 Sq.ft
2. Revision in Projections, as detailed below: (Rs. In Lakhs) Sr.No Particulars 2019-20 Actual 2020- 21 Actual 2021-22 Actual- Unaudite d 2022- 23 2023-24 Total

FOB Value of exports 14265.7 0 10885.8 9 11303.9 4 12890.6 2 15482.7 1 64828.8 6 2. Foreign Exchange outgo 305.23 212.00 3540.39 10054.1 6 10043.4 1 24155.1 9 3. Net Foreign Exchange 13960.4 7 10673.8 9 7763.56 2836.46 5439.30 40673.6 7 1. Investment in Plant & Machinery/Capital Good i. Indigenous 103.65 ii Imported 154.01 Total 257.66 2. Value of Services i. Indigenous 8955.53 ii. Imported 461.79 Total 9417.32 Employment(Men-321, Women-93) 414 File No.S-SEZ-MINS0EON1/1/2022-JDCP I/2320/2023 211

4 Agenda Item No.06: Monitoring of Performance of M/s Zensar Technologies Ltd-Unit I After deliberation, the committee noted the performance of the Unit, in terms of, Rule 54 of SEZ Rules, 2006. As detailed below: (i) The Unit has achieved export revenue of Rs. 2716.68 Lacs as against projected export of Rs. 13492.00 Lacs i.e. 20.13% in 3rd year of 3rd block period i.e. in FY2022-23. (ii) The Unit has achieved cumulative NFE of Rs. 17259.95 Lakhs which is 98.72% at the end of FY 2022-23. (iii) The unit has achieved Employment of 373 employees (Men 224, Women- 149) Agenda Item No.07: Monitoring of Performance of M/s Zensar Technologies Ltd-Unit II After deliberation, the committee noted the performance of the Unit, in terms of, Rule 54 of SEZ Rules, 2006. As detailed below: (i) The Unit has achieved export revenue of Rs. 5289.06 Lacs as against projected export of Rs. 5400.00 Lacs i.e. 97.94 % in 4th years of the 2 nd block period i.e. in FY 2022-23. (ii) The Unit has achieved cumulative positive NFE of Rs. 32407.72 Lac which is 98.90% at the end of FY 2022-23 (at the end of 4th year of 2 Block). (iii) The unit has achieved Employment of 616 employees (Men 370, Women- 246) Meeting ended with a vote of thanks to the Chair. (Shyam Jagannathan, IAS) Chairman-cum- Development Commissioner E-Mail- dcseepz-mah@nic.in File No.S-SEZ-MINS0EON1/1/2022-JDCP I/2320/2023 212

1 GOVT.OF INDIA, OFFICE OF THE ZONAL DEVELOPMENT COMMISSIONER, SEEPZ-SEZ (PUNE CLUSTER)

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AGENDA NOTE FOR CONSIDERATION OF THE APPROVAL COMMITTEE

a) Proposal: -

Application submitted by M/s. Tieto India Pvt Ltd., an IT/ITES unit located in EON Kharadi Infrastructure Pvt Ltd-Phase-I.-SEZ for Partial Deletion of area admeasuring 121461.70 Sq.ft. along with revision in projections. b) Specific Issue on which decision of Approval Committee is required: - Approval of the Committee for

1. Partial Deletion of area admeasuring 121461.70 sq.ft. from the existing area of 171612.31 Sq.ft.. and
2. Revision in projections on account of above deletion of location,

in terms of Rule 19(2) of SEZ Rules, 2006, as detailed below: (i) Location / area proposed to be deleted: Existing address and area Area proposed to be deleted Total area after Deletion Ground to 5th Floor, Wing- 1, Cluster-D, 4th Floor, Wing -1, Cluster -E, EON Free Zone, MIDC-Kharadi, EON

Kharadi Infrastructure Pvt Ltd- Phase-I-SEZ 1st to 4th Floor, Wing-1, Cluster-D, EON Free Zone, MIDC-Kharadi,

EON Kharadi Infrastructure Pvt Ltd-Phase-I-SEZ Ground and 5th Floor, Wing-1, Cluster-D, 4th Floor, Wing -1, Cluster -E, EON Free Zone, MIDC- Kharadi, EON Kharadi Infrastructure Pvt Ltd- Phase-I-SEZ Admeasuring area of 171612.31 Sq.ft. Admeasuring area of 121461.70 Sq.ft. Admeasuring area of 50150.61 Sq.ft. (ii) Revision in Projection: Projections of Investment and Employment: (Rs. In Lakhs) Sr.No Item Existing Projection Total Revised Projection 1. Value of Capital Goods a. Indigenous Capital Goods 1290.32 46.59 b. Imported Capital Goods 1626.49 346.43 2. Value of Raw Material a. Indigenous Raw material

b. Imported Raw 45.64 8.01 File No.S-SEZ-PRO0EON1/24/2022-JDCP I/2456/2023 147

2 Material 3. Value of Input Services a. Indigenous Capital Goods 31046.19 8078.94 b. Imported Capital Goods 15913.49 11333.08 3. Employment Men Women Men Women 2074 824 540 185 TOTAL 2898 725 Approved Projection: (Rs. In Lakhs) Sr.N o Particular s 2019-20 2020-21 2021-22 2022-23 2023-24 Total 1. FOB Value of exports 56474.5 5 56173.5 5 57531.4 2 60250.2 6 63767.9 5 294197.7 3 2. Foreign Exchange outgo 4242.64 2764.91 3250.70 3595.59 3731.76 17585.60 3. Net Foreign Exchange 52231.9 1 53408.6 4 54280.7 2 56654.6 7 60036.1 9 276612.1 3 Proposed Projection: (Rs. In Lakhs) Sr.No Particular s 2019-20 2020- 21 2021-22 2022- 23 2023-24 Total 1. FOB Value of exports 56474.5 5 56173.5 5
66484.8 5 17942.0 8 18909.5 9 215984.6 2 2. Foreign Exchange outgo 4241.64 2764.91 2611.04 968.83 1099.33 11685.75 3. Net Foreign Exchange 52232.9 1 53408.6 4 63873.8 1 16973.2 5 17810.2 6 204298.8 7 c) Relevant Provisions: - As per First Proviso to Rule 19(2) of SEZ Rules,2006 “PROVIDED that the Approval Committee may also approve proposals for broad banding, diversification, enhancement of capacity of production, change in the items of manufacture or service activity, if it meets the requirements of rule 18” d) Other Information: -  M/s. Tieto India Pvt Ltd. bearing LOA No. SEZ/PUNE/2k/2008-09/336 dated 25.04.2009  Date of Commencement: 01.07.2009 File No.S-SEZ-PRO0EON1/24/2022-JDCP I/2456/2023 148

3  LOA is valid upto: 30.06.2024  Reason for deletion of area:

The unit has submitted that, as a part of the global demerger plan, Tieto India would be demerged into three different entities for undertaking specified services from the SEZ. In this connection, Tieto India has filed an application with National Company Law Tribunal (NCLT) for carving out two new different companies namely Tietoevry Connect India Pvt Ltd (TCIPL) and Tietoevry Fintech India Pvt Ltd. (TFIPL). The Unit has further informed that the NCLT has approved the demerger scheme on 28.06.2023. The Unit has submitted copy of NCLT demerger order. These two companies will take over the partial business activities of Tieto India and will also acquire the space (TCIPL on 1st to 3rd Floor and TFIPL on 4th floor,) currently allotted and in possession of Tieto India in EON -SEZ Pune. Hence, the unit intends to delete the area as proposed above.  Further, Tietoevry Connect India Pvt Ltd (TCIPL) and Tietoevry Fintech India Pvt Ltd. (TFIPL) has submitted separate applications for setting up of new unit.  All the fit-out which are present at 1st, 2nd, 3rd Floor, Wing 1, Cluster D belonging to M/s. Tieto India Pvt. Ltd. would be transferred to the new unit M/s. Titeoevry Connect India Pvt. Ltd. Pvt. Ltd. and 4th Floor to M/s Tietoevry Fintech India Pvt. Ltd. would be on bond-to-bond transfer.
 The unit has submitted the following documents with the application: 1. Online Application for Deletion of Location. 2. Copy of No Objection Certificate from Developer 3. Copy of Form F3 for Current reduction/deletion of area 4. Revised FE Balance Sheet 5. Copy of all LOAs 6. Copy of Board Resolutions 7. Floor plan of Balance area e) ADC Scrutiny report: -  The proposal may be considered subject to written confirmation from the Specified Officer for transfer of assets/ fit-outs from the deleted area to the New Units and such assets being transferred are accounted for in the BLUT of the new Units.  Approval Committee may kindly consider the proposal of the unit for deletion of area with revision in projections in terms of Rule 19(2) of SEZ Rules, 2006. ****************** File No.S-SEZ-PRO0EON1/24/2022-JDCP I/2456/2023 149

File No.S-SEZ-PRO0EON1/9/2023-JDCP 93 I/2454/2023 1

FORMAT FOR NEW UNIT IN SEZ COMPANY/UNIT PROFILE

Name and address, telephone/fax/email ID

Status of the company i.e., proprietorship/ partnership/individual and statute under which registered with registration no. & year of registration

Financial capability of the applicant

IEC No / date/ issued by

Whether manufacturer / trader/ company warehouse/ Service provider M/s Tietoevry Fintech India Pvt. Ltd. Registered address: World Trade Centre, Level 9, Floor 9, Opp. EON Freezone, Kharadi, Pune, Maharashtra - 411014

Proposed address: 4th Floor, Wing 1, Cluster D, EON Special Economic Zone, Plot No 1, S.NO. 77, MIDC Kharadi Knowledge Park, Pune - 411014 Telephone: - 020-67303000 Fax: 020-67303355 Email Id: - contact.india@tietoevry.com Web-site: - https://www.tietoevry.com

Proprietorship/ Partnership/ Individual/Company

Registration Private Limited CIN Date U72900PN2022PTC21698 7 14.12.2022

Retained Earnings at the end of the year (Profit) (Financial Years) (Rs. In Lakhs) 2019-20 2020-21 2021-22 4416.79 4344.05 8441.24

Cash & Bank Balances as per 2021-22 Balance Sheet is Rs. 9138.50 Lakhs.

AAJCT8473C issued on 17.05.2023 by Joint Director General of Foreign Trade, Pune

Service Provider Information Technology (IT) Design and Development Services: CPC Code – 83141 (ITC – 998314) Information technology (IT) design and development services.

Tieto India Pvt. Ltd. (Transferor company) has proposed to demerge and transfer a part of its existing business to

File No.S-SEZ-PRO0EON1/9/2023-JDCP 94 I/2454/2023 2

II. PROJECT PROFILE (i) Product to be manufactured/ service to be rendered

(ii) Brief detail of the project Tietoevry Connect and Tietoevry Fintech (Transferee companies) pursuant to a Scheme of arrangement filed with NCLT, Mumbai Branch. NCLT has approved the demerger scheme on 28 June 2023.

Pursuant to the above demerger process, M/s Tietoevery Fintech India Pvt. Ltd proposes to set up a new unit in 4th floor, Wing 1, Cluster D, EON Special Economic Zone, EON Kharadi Infrastructure Pvt. Ltd., Kharadi, Pune for an area of 30,757.46 Sq. Ft. Unit is established on 14.12.2022 with an objective to provide Information Technology Software services (ITSS) and Information Technology Enabled Services (ITeS) in nature of the development of new software, new software features and functionalities, as well as software specification work, software support, software documentation, consultation, trani9ng and human resources development in the field of ITSS within India and abroad, Data processing, processing and transmission designing, developing, assembling, buying, selling, importing and exporting hardware systems computer peripherals and consumables and infrastructure and like services in and outside in India.

The Scheme of demerger provides for transfer by way of demerger of the Fintech Business of Tieto India Pvt. Ltd. on a going concern basis to Tietoevry Fintech india Pvt. Ltd. Transfer of Assets: Fintech Business of Tieto India shall stand transferred to Tietoevry Fintech so as to become the business, undertaking, estate, assets, properties, rights, title and interests of Tietoevry Fintech. The details of assets which will be transferred to Tietoevry Fintech has been provided in the list of capital goods enclosed with the application. Transfer of employees: 677 Employees of Tieto India will be transferred to Tietoevry Fintech India Pvt. Ltd. Funding: Funds required for carrying out the business activity would be raised through internal accrual and would be met through invoicing. The space wherein M/s Titeoevry Fintech India Pvt. Ltd is proposing to set up a new SEZ unit i.e., 4th Floor, Wing 1, Cluster D, EON Special Economic Zone, is currently occupied by i.e., M/s. Tieto India Pvt. Ltd. However, M/s. Tieto India Pvt. Ltd has filed application for partial surrender of area from Wing1, Cluster D to this office. All the Fit-out which are present at 4th Floor, Wing 1, Cluster D belonging to M/s. Tieto India Pvt. Ltd. would be transferred to the new unit M/s Titeoevry Fintech India Pvt. Ltd Such transfer would be an inter-unit transfer

File No.S-SEZ-PRO0EON1/9/2023-JDCP 95 I/2454/2023 3

Previous References PROJECTIONS, YEAR- WISE Investment and Details of Source of Finance Imported and Indigenous requirement of Materials and other outputs i.e., bond to bond transfer. They propose to invest an amount of Rs. 1568.44 Lakhs for the proposed project and projected export revenue of Rs. 88,539.80 lakhs with Foreign Exchange Outgo of Rs. 6,486.27 lakhs and Net Foreign Exchange of Rs. 82,053.52 lakhs with an employment of 677 employees in the block period of 5 years. Further, Instruction No.89 issued by DoC provides for re- organisation, business transfer arrangements to be undertaken by the unit with the approval of the UAC” and to take appropriate decision along with necessary safeguards and ensure that there is no revenue loss to the Government” On similar issue, in the case of M/s BNY Mellon Technology Pvt. Ltd., Magarpatta SEZ, setting up of the new unit was granted subject to the condition that the unit will fulfil the T&C of the LOA and upon execution of BLUT and further transfer of all the fit-outs as per the asset purchase agreement and written confirmation from the Specified Officer for such assets being transferred and accounted for in the BLUT of the new Unit. (Rs. In Lakhs) Import Indigenous (a) Capital Goods 1479.44 89.00 (b) Raw Material, components, consumables, packing material, fuel etc. 9.75 0 S. No. Plant & Machinery Rs. In Lakhs (a) Indigenous 89 Imported (includes furniture, office equipment) 1479.44 Total 1568.44 Total Project Cost 1568.44 (b) Details of Source(s) of finance Internal accruals of Project Reserves 1568.44

File No.S-SEZ-PRO0EON1/9/2023-JDCP 96 I/2454/2023 4

Requirement of Land/ built-up area (Area in Sq. Mtrs.) Total Employment Foreign Exchange Balance Sheet Effluent Treatment Whether Foreign Technology Agreement is Envisaged Rule provision w.r.t. SEZ Rules, 2006 Request of the company (c) Input Services 4997.08 1475.18 Total 6486.27 1564.18 Built-up area required – 2857.41 Sq.mtrs Total- 677 Employees (Male-478 & Females- 199) Rs in Lakhs Not applicable. No. Rule 17 & 18 of SEZ Rules, 2006 i. Registered Factory & Office 0.00 ii. Warehousing/ Storage 0.00 iii. Others, Specify 0.00 1st Year 2nd Year 3rd Year 4th Year 5th Year Total Rs. In Lakhs FOB Value of Export s 15621.76 16494.1 1 17583.4 18802.8 2 20037.7 88539.7 9 Foreign Exchan ge Outgo for the first five years 2059.79 1010.98 1070.42 1146.87 1198.21 6486.27 Net Foreign Exchan ge Earnin g 13561.97 15483.1 3 16512.9 8 17655.9 5 18839.4 9 82053.5 2

File No.S-SEZ-PRO0EON1/9/2023-JDCP 97 I/2454/2023 5

Decision required for UAC To approve the proposal for setting up of new unit at M/s. EON Kharadi Infrastructure Pvt. Ltd. – SEZ Observation of the ADC Approval for setting up of new unit at M/s. EON Kharadi Infrastructure Pvt. Ltd. – SEZ The proposed area where the new unit is being set up is presently allotted / occupied by M/s. Tieto India Pvt. Ltd. M/s. Tieto India Pvt. Ltd. has submitted separate application for partial deletion of area without revision in projection. All the Assets/ fit-out which are present at 4th Floor, Wing 1, Cluster D belonging to M/s. Tieto India Pvt. Ltd. would be transferred to the new unit M/s. Tietoevry Fintech India Pvt. Ltd. Pvt. Ltd. would be on bond-to-bond transfer. The proposal is placed before UAC for consideration in terms of Rule 17 & 18 of SEZ Rules, 2006 subject to the conditions that the unit will fulfil the T&C of the LOA and upon execution of BLUT and written confirmation from the Specified Officer for transfer of all the assets / fit-outs to the new Unit and such assets being transferred are accounted for in the BLUT of the new Unit and approval of the proposal of M/s Tieto India Pvt. Ltd. for deletion of area by the UAC.

File No.S-SEZ-PRO0EON1/8/2023-JDCP 101 I/2453/2023 1

FORMAT FOR NEW UNIT IN SEZ COMPANY/UNIT PROFILE

Name and address, telephone/fax/email ID

Status of the company i.e., proprietorship/ partnership/individu al and statute under which registered with registration no. & year of registration

Financial capability of the applicant

IEC No / date/ issued by Whether manufacturer / trader/ company warehouse/ Service provider M/s Tietoevry Connect India Pvt. Ltd. Registered address: World Trade Centre, Level 9, Floor 9, Opp. EON Freezone, Kharadi, Pune, Maharashtra - 411014

Proposed address: 1st, 2nd and 3rd Floor, Wing 1, Cluster D, EON Special Economic Zone, Plot No 1, S.NO. 77, MIDC Kharadi Knowledge Park, Pune - 411014 Telephone: - 020-67303000 Fax: 020-67303355 Email Id: - ganesh.jadhav@tietoevry.com Web-site: - https://www.tietoevry.com

Proprietorship/ Partnership/ Individual/Company

Registration Private Limited CIN Date U72900PN2022PTC216521 30.12.2022

Retained Earnings at the end of the year (Profit) (Financial Years) (Rs. In Lakhs) 2019-20 2020-21 2021-22 4416.79 4344.05 8441.24

Cash & Bank Balances as per 2021-22 Balance Sheet is Rs. 9138.50 Lakhs.

AAJCT8129C issued on 17.05.2023 by Joint Director General of Foreign Trade, Pune

Service Provider

File No.S-SEZ-PRO0EON1/8/2023-JDCP 102 I/2453/2023 2

II. PROJECT PROFILE i) Product to be Information Technology (IT) Design and Development Services: CPC manufactured/ Code – 83141 (ITC – 998314) service to be Information technology (IT) design and development services. rendered (ii) Brief detail of the project Tieto India Pvt. Ltd. (Transferor company) has proposed to demerge and transfer a part of its existing business to Tietoevry Connect and Tietoevry Fintech (Transferee companies) pursuant to a Scheme of arrangement filed with NCLT, Mumbai Branch. NCLT has approved the demerger scheme on 28 June 2023. Pursuant to the above demerger process, M/s Tietoevery Connect India Pvt. Ltd proposes to set up a new unit in 1st, 2nd and 3rd floor, Wing 1, Cluster D, EON Special Economic Zone, EON Kharadi Infrastructure Pvt. Ltd., Kharadi, Pune for an area of 30,757.46 Sq. Ft. Unit is established on 20.11.2022 with an objective to provide Information Technology Software services (ITSS) and Information Technology Enabled Services (ITeS) in nature of the development of new software, new software features and functionalities, as well as software specification work, software support, software documentation, consultation, training and human resources development in the field of ITSS within India and abroad, Data processing, processing and transmission designing, developing, assembling, buying, selling, importing and exporting hardware systems computer peripherals and consumables and infrastructure and like services in and outside in India. The Scheme of demerger provides for transfer by way of demerger of the “Managed Services and Transformation Business” of Tieto India Pvt. Ltd. on a going concern basis to Tietoevry Connect india Pvt. Ltd. Transfer of Assets: Managed Services and Transformation Business of Tieto India shall stand transferred to Tietoevry Connect so as to become the business, undertaking, estate, assets, properties, rights, title and interests of Tietoevry Connect. The details of assets which will be transferred to Tietoevry Connect has been provided in the list of capital goods enclosed with the application. Transfer of employees: 1869 Employees of Tieto India will be transferred to Tietoevry Connect India Pvt. Ltd. Funding: Funds required for carrying out the business activity would be raised through internal accrual and would be met through invoicing. The space wherein M/s Titeoevry Connect India Pvt. Ltd is

File No.S-SEZ-PRO0EON1/8/2023-JDCP 103 I/2453/2023 3

proposing to set up a new SEZ unit i.e., 1st, 2nd and 3rd Floor, Wing 1, Cluster D, EON Special Economic Zone, is currently occupied by i.e., M/s. Tieto India Pvt. Ltd. However, M/s. Tieto India Pvt. Ltd has filed application for partial surrender of area from Wing1, Cluster D to this office. All the Fit-out which are present at 1st, 2nd and 3rd Floor, Wing 1, Cluster D belonging to M/s. Tieto India Pvt. Ltd. would be transferred to the new unit M/s Titeoevry Fintech India Pvt. Ltd Such transfer would be an inter-unit transfer i.e., bond to bond transfer.

They propose to invest an amount of Rs. 2953.16 Lakhs for the proposed project and projected export revenue of Rs. 2,51,399.58 lakhs with Foreign Exchange Outgo of Rs. 16956.58 lakhs and Net Foreign Exchange of Rs 234443.00 lakhs with an employment of 1869 employees in the block period of 5 years.

Previous References

PROJECTIONS, YEAR-WISE Investment and Details of Source of Finance

Imported and Indigenous requirement of Materials and other outputs Further, Instruction No.89 issued by DoC provides for re- organisation, business transfer arrangements to be undertaken by the unit with the approval of the UAC” and to take appropriate decision along with necessary safeguards and ensure that there is no revenue loss to the Government”

On similar issue, in the case of M/s BNY Mellon Technology Pvt. Ltd., Magarpatta SEZ, setting up of the new unit was granted, subject to the condition that the unit will fulfil the T&C of the LOA and upon execution of BLUT and further transfer of all the fit-outs as per the asset purchase agreement and written confirmation from the Specified Officer for such assets being transferred and accounted for in the BLUT of the new Unit.

S. No. Plant & Machinery Rs. In Lakhs (a) Indigenous 202.00 Imported (includes furniture, office equipment) 2751.16 Total 2953.16 Total Project Cost 2953.16 (b) Details of Source(s) of finance Internal funding. Funds are allocated to new company on account of de-merger 2953.16

(Rs. In Lakhs) Import Indigenous (a) Capital Goods 2751.16 202.00 (b) Raw Material, components, consumables, packing material, fuel etc. 13.65 0

File No.S-SEZ-PRO0EON1/8/2023-JDCP 104 I/2453/2023 4

Requirement of Land/ built-up area (Area in Sq. Mtrs.) Total Employment Foreign Exchange Balance Sheet Effluent Treatment Whether Foreign Technology Agreement is Envisaged Rule provision w.r.t. SEZ Rules, 2006 Request of the company Decision required for UAC (c) Input Services 14191.78 4232.29 Total 16956.59 4434.29 Built-up area required – 8426.55 Sq.mtrs Total- 1869 Employees (Male-1301 & Females- 569) Rs in Lakhs Not applicable. No. Rule 17 & 18 of SEZ Rules, 2006 To approve the proposal for setting up of new unit at M/s EON Kharadi Infrastructure Pvt. Ltd.- SEZ, Kharadi, Pune Approval for setting up of new unit at M/s. EON Kharadi Infrastructure Pvt. Ltd. – SEZ i. Registered Factory & Office 0.00 ii. Warehousing/ Storage 0.00 iii. Others, Specify 0.00 1st Year 2nd Year 3rd Year 4th Year 5th Year Total Rs. In Lakhs FOB Value of Exports 44394.65 46848.4 4 49905.94 53357.04 56893.5 1 251399. 58 Foreign Exchange Outgo for the first five years 4763.92 2799.47 2940.76 3128.0 5 3324.38 16956.5 8 Net Foreign Exchange Earning 39630.7 3 44048.9 7 46965.18 50228.99 53569.1 3 234443. 00

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Observation of the ADC The proposed area where the new unit is being set up is presently allotted / occupied by M/s. Tieto India Pvt. Ltd. M/s. Tieto India Pvt. Ltd. has submitted separate application for partial deletion of area with revision in projection the agenda for which is covered in the present UAC. All the fit-out which are present at 1st, 2nd, 3rd Floor, Wing 1, Cluster D belonging to M/s. Tieto India Pvt. Ltd. would be transferred to the new unit M/s. Tietoevry Connect India Pvt. Ltd. Pvt. Ltd. on bond-to-bond transfer. The proposal is placed before UAC for consideration in terms of Rule 17 & 18 of SEZ Rules, 2006 subject to the conditions that the unit will fulfil the T&C of the LOA and upon execution of BLUT and written confirmation from the Specified Officer for transfer of all the assets / fit-outs to the new Unit and such assets being transferred are accounted for in the BLUT of the new Unit and approval of the proposal of M/s Tieto India Pvt. Ltd. for deletion of area by the UAC.