IN FORCE SEZ / EOU / FTWZ 2024-02-08

Agenda for Approval Committee meeting for SEZ Pune Cluster to be held on 09 February 2024 — 04-4eon-infrastructure-pvt-ltd-sez-phase-ii

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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 II.

DATE : 09.02.2024

TIME : 04:00 P.M.

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 09.02.2024 INDEX

Agenda Item No.

Subject

Agenda Item No. 01 :- Confirmation of the Minutes of the meeting held on 18.12.2023 Agenda Item No. 02 :- Application for Approval of the leasing out built up space to new vendors to run existing cafeteria facility in processing area. Submitted by
M/s. EON Kharadi Infrastructure Private Limited, Phase II (Developer) Agenda Item No. 03 :- Application for Approval of partial deletion and revision in projections Submitted by M/s. Credit Suisse Services AG Agenda Item No. 04 :- Application for Approval of Addition of space in their existing LOA and Revision in Projections Submitted by
M/s. UBS Business Solutions (India) Pvt Ltd. Agenda Item No. 05 :- Application for Approval of Change in Name of Company and Registered Office Address Submitted by M/s. Allscripts Healthcare Technologies (India) Pvt. Ltd.

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

AGENDA NOTE FOR CONSIDERATION OF THE APPROVAL COMMITTEE

a. Proposal:

Application submitted by M/s. EON Kharadi Infrastructure Private Limited, Phase II (Developer), for the leasing out built up space to new vendors to run existing cafeteria facility in processing area.

b. Specific issue on which decision of Approval Committee is required:

Approval for leasing out built up space to new vendors to run existing cafeteria facility in processing area, in terms of Rule 11(5) of SEZ Rules, 2006, as detailed below:

Sr. No. Name of Vendor Location Area in Sq.ft. 1. Suryoday Hospitality Unit 1, Podium counter, Ground Floor 483 2. Carnival Café Unit 1, Snacks Counter, Ground Floor, Podium Level 1 483 3. Tia Ventures Unit 1, Level 1, Cafeteria 250

c. Relevant provisions:

Rule 11 (5) of SEZ Rules, 2006

“(5) The land or Build up space in the processing area or Free Trade and Warehousing Zone shall be given on lease only to the entrepreneurs holding valid Letter of Approval issued under Rule 19 and [the lese period shall not be less than five years but notwithstanding any other condition in the lease deed, the lease rights would cease to exist in case of the expiry or cancellation of the Letter of Approval:]

PROVIDED that the Developer may, with the prior approval of the Approval Committee, grant on lease land or built-up space, for creating facilities such as canteen, public telephone booths, first aid center, creche and such other facilities as may be required for the exclusive use of the Unit. d. Other information:

• Formal Letter of Approval No. .F.1/26/2016-SEZ dated 22.02.2017 (Phase-II) • Location: Survey No 72, Hissa No 2/1, MIDC Knowledge Park, EON Kharadi Infrastructure Pvt Ltd.-Phase-II SEZ, Kharadi, Pune-411014 • The Developer has submitted that: File No.S-SEZ-PRO0EON2/8/2022-JDCP

They will execute the lease deed with leasee after approval from this office and same may be furnished to this office on demand. The Company will create necessary infrastructure and provide necessary equipment’s or any other capital goods which would be required for setting up the aforesaid common facility, The lessee would install their own equipment’s in the specified lease area. Further, such equipment or any other capital goods will be returned post expiry of the lease tenure and no benefits of customs or GST or any other benefits will be availed by the vendor in procuring the equipment’s/ goods. The aforesaid facilities will be used exclusively for the SEZ units and the visitors, etc. subject to inter alia, following security protocols. The service providers as may be required, to ensure proper functioning of the facility, may visit the SEZ to provide the required services and the SEZ will ensure entry and exit in the SEZ only to the identified persons of the service providers and The company will collect GST on rent from the lessee as may be applicable and the same will be remitted to Government of India

• The Developer has also submitted following documents: Self-Certified copy of the Draft MOU Form B issued to EON SEZ, Phase-II Self-Certified copy of Fire NOC of EON SEZ-Phase-II Copy of floor plan where this facility would be set up

e. ADC’s observations:

Approval Committee may kindly consider the proposal of the Developer for the leasing out built up space to new vendors to run existing cafeteria facility in processing area, in terms of Rule 11(5) of SEZ Rules, 2006.

File No.S-SEZ-PRO0EON2/8/2022-JDCP

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

AGENDA NOTE FOR CONSIDERATION OF THE APPROVAL COMMITTEE

a. Proposal: - Application filed by M/s. Credit Suisse Services AG, an IT/ITES Unit located at EON Kharadi Infrastructure Pvt Ltd.-Phase-II SEZ for partial deletion and revision in projections

b. Specific Issue on which decision of UAC is required: -
Approval of the committee for

  1. Partial deletion of area admeasuring of 273339.24 sq.ft out if 514392.18 sq.ft. and leaving balance area of 241052.94 sq.ft and
  2. Revision in projections as detailed below:

In terms of Rule 19(2) of SEZ Rules 2006.

i. Location/ area to be deleted:

Existing address and area Area proposed to be deleted Total area after Deletion Level 1 to Level 8 of Tower A,

EON

Kharadi Infrastructure Pvt Ltd.- Phase-II-SEZ Level 5 to 8, Tower A, EON Kharadi Infrastructure Pvt Ltd.-Phase-II-SEZ Level 1 to 4 of Tower A, EON

Kharadi Infrastructure Pvt Ltd.- Phase-II-SEZ Admeasuring

area

of 514392.18 Sq.ft. Admeasuring area of 273339.24 Sq.ft. Admeasuring

area

of 241052.94 Sq.ft.

ii. Revision in Projections:

Projections of Investment and Employment: (Rs. In Cr.)

Sr. No Item Existing Projection Total Revised Projection a. Investment in Capital Goods I Indigenous CG 3.10 1.06 Ii Imported CG 55.55 8.86

58.65 9.92 B Input Services i Indigenous Services 10923.19 4827.93 ii Imported Services 155.38 61.23

11078.57 4889.15 File No.S-SEZ-PRO0EON2/10/2022-JDCP I/3685/2024 460

Employment Men Women Men Women 4754 2104 1119 481

TOTAL 6858 1600

Approved Projection: (Rs. In Cr) Particulars 2022-23 2023-24 2024-25 2025-26 2026-27 Total FOB Value of exports 2669.04 2667.07 2735.39 2768.06 2836.39 13675.95 FE outgo 55.73 26.91 33.18 41.89 53.22 210.94 NFE 2613.31 2640.17 2702.21 2726.17 2783.17 13465.03

Proposed Projection: (Rs. In Cr)

Particulars 2022-23 2023-24 2024-25 2025-26 2026-27 Total FOB Value of exports 1818.24 1410.12 804.86 846.43 872.48 5752.13 FE outgo 20.17 15.25 11.14 12.14 11.39 70.08 NFE 1798.07 1394.87 793.72 834.29 861.09 5682.04

• Reason submitted by the Unit for deletion of location: • CS Group AG has been absorbed by way of the merger into UBS Group AG, pursuant to the Swiss Merger Act, with UBS Group AG as the surviving entity. By operations of law, CS Group AG’s assets, liabilities and contracts have been transferred to UBS group AG in their entity. As a result, upon the effectiveness of the merger, UBS Group AG has become the shareholder of Credit Suisse Group AG. The merger has been made effective on 12.06.2023. • By the virtue of the acquisition, Credit Suisse and UBS have initiated the process of integrating global business functions. Given the global integration including the integration of business operations of Credit Suisse and UBS India, the management has decided for partial deletion of floors and CSS AG and transfer the same to UBS Group located in the EON phase-II location. • CSS AG operates from existing address mentioned above. And intend to partially delete Level 5 to 8 and such floors shall be allotted to UBS Business Solutions India Pvt Ltd. under its existing LOA located in same SEZ zone. • CSS AG would continue to provide its services from Level 1 to 4 Floors which is a part of the existing SEZ unit (LOA). • The change in the projections owing to deletion of Level 5 to 8 from Tower A due to the ramp-down of Credit Suisse business owing to the merger with UBS. Consequently, the unit expect a continuing reduction of employment in the unit. • Further, the unit has submitted that, all the assets/goods which are in stock or are belonging to level 5 to 8 would be transferred vide an asset transfer agreement which would be executed between CSS AG and UBS India. The asset sale transfer has the list of duty paid and duty-free goods which will be transferred to UBS India. • It may be pertinent to note that for the duty-free assets. They would do an File No.S-SEZ-PRO0EON2/10/2022-JDCP I/3685/2024 461

inter-unit-transfer (IUT) i.e. bond to bond transfer. • In addition to above the unit has submitted that, UBS India is also operational SEZ unit situated in the same SEZ zone at 10th and 11th floor, Tower A, EON Kharadi Infrastructure Pvt Ltd Phase-II-SEZ and UBS India has also submitted the application for expansion of its existing LOA separately.

c. Relevant provisions: - In terms of Rule 19(2) of SEZ Rules, 2006. “The letter of Approval shall specify the items of manufacture [along with the corresponding Indian Trade Classification (Harmonized system) of export and import items, 2017] or particulars of service activity, including trading or warehousing, projected annual export and Net Foreign Exchange-Earning for the first five years of operations, limitations, if any on Domestic Tariff Area sale of finished goods, by-products and rejects and other terms and conditions, if any, stipulated by the Board or Approval Committee:

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: - • LOA No. SEEPZ/EKIPL-SEZ/CSSAG/29/2017-18/1780 dated 24.08.2017 • Date of Commencement of Production: 24.11.2017 • Validity of LOA: 23.11.2027 • Existing Block Period – 2022-23 to 2026-27 • The unit has enclosed following documents: SEZ online application for Changes in Area (Deletion) Copy of No Objection Certificate dated 28.12.2023 issued by Developer Self-Certified Copies of existing lease deeds Self-certified copies of all the BLUTs executed till dated Self-certified copies of Board Resolution for deletion of the Level 5 to 8 of Tower A Self-certified copies of APR Copy of details of Revision of Projections Asset Transfer Agreement between CSS AG and UBS India Letter of Authority in favour of EY for representing CSS AG for deletion of floors

e. ADC’s Observations:
• The proposal of the unit may kindly be considered for the partial deletion and revision in projections, in terms of Rule 19(2) of SEZ Rules, 2006 on the following condition:

  1. The Unit to submit detailed list of space/assets to be transferred to UBS India and
  2. The Specified Officer to ensure that during this transfer from M/s Credit Suisse Services AG to M/s UBS India there is no loss of Government revenue and all procedures for transfer are recorded properly and submit No Dues File No.S-SEZ-PRO0EON2/10/2022-JDCP I/3685/2024 462

Certificate once the unit transfers all the assets to the UBS India located in same SEZ.

File No.S-SEZ-PRO0EON2/10/2022-JDCP I/3685/2024 463

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

AGENDA NOTE FOR CONSIDERATION OF THE APPROVAL COMMITTEE

a. Proposal: - Application filed by M/s. UBS Business Solutions (India) Pvt. Ltd., an IT/ITES Unit located at EON Kharadi Infrastructure Pvt Ltd.-Phase-II SEZ for addition of location and revision in projections.

b. Specific Issue on which decision of Approval Committee is required: -
Approval of the committee for:

  1. Addition of area admeasuring of 275183.25 sq.ft to existing area of 201483.71 sq.ft. leading total area of 476666.96 and
  2. Revision in projections as detailed below:

In terms of Rule 19(2) of SEZ Rules 2006. i. Location/ area to be added:

Existing address and area Area proposed to be Added Total area after Addition Level 9th to Level 11th of Tower A, EON Kharadi Infrastructure Pvt Ltd.- Phase-II-SEZ Level 5 to 8, Tower A, And UPS (A) and Battery Room on P1 Level, EON

Kharadi Infrastructure

Pvt Ltd.-Phase-II-SEZ Level 5th to 11th of Tower A, and UPS (A) and Battery Room on P1 Level, EON

Kharadi Infrastructure Pvt Ltd.-Phase-II- SEZ Admeasuring area of 201483.71 Sq.ft. Admeasuring area of 275183.25 Sq.ft. Admeasuring area of 476666.96 Sq.ft.

ii. Revision in Projections:

Projections of Investment and Employment: (Rs. In Cr.)

Sr. No Item Existing Projection Total Revised Projection a. Investment in Capital Goods I Indigenous CG 0.38 215.41 Ii Imported CG 0.80 69.83

1.18 285.24 B Input Services i Indigenous Services 1218.98 4791.18 File No.S-SEZ-PRO0EON2/2/2023-JDCP I/3686/2024 314

ii Imported Services 718.17 1683.92

1937.15 6475.1 1. Employment Men Women Men Women 2104 1131 5298 2852

TOTAL 3235 8150

Approved Projection: (Rs. In Cr) Particulars 2023-24 2024-25 2025-26 2026-27 2027-28 Total FOB Value of exports 1230.72

1316.87 1409.46 1499.64 1596.36 7053.07 FE outgo 123.43 134.23 142.57 155.40 169.39 725.03 NFE 1107.29 1182.64 1266.89 1344.24 1426.67 6328.04

Proposed Projection: (Rs. In Cr.)

Particulars 2023-24 2024-25 2025-26 2026-27 2027-28 Total FOB Value of exports 1384.31 4004.06 4214.02 4391.93 4563.06 18557.39 FE outgo 266.44 856.94 845.14 869.17 903.52 3741.21 NFE 1117.87 3147.13 3368.88 3522.76 3659.54 14816.18

• Reason submitted by the Unit for addition of location: • Globally UBS Group AG has recently acquired Credit Suisse Group AG and by virtue of this acquisition, both the business groups have initiated the process of integrating global business functions of Credit Suisse Group AG in every country into UBS Group AG. • This global integration will also involve integration of the business of Credit Suisse entities into UBS entities. At present, UBS India and Credit Suisse India has their units in EON Kharadi Infrastructure Pvt Ltd.-Phase-II-SEZ. • Given the global integration, it is expected that volume of IT/ITES Services exported by UBS India to UBS Group AG and the global affiliates outside India will also significantly increase in the upcoming financial years. • Further, the future business requirements of the overseas UBS Group entities in relation to business & technology process outsourcing, managing vendors as well as internal proposal regarding ramp-up of business operations on account of the said integration has created a need for UBS India to under take additional space in existing LOA. • Credit Suisse also has an approved SEZ unit in same SEZ under name of Credit Suisse Services AG at 1st to 8th Floors, Tower A, EON Kharadi Infrastructure Pvt Ltd.-Phase-II-SEZ. • Currently, Credit Suisse Services AG is revamping their business and accordingly, has applied for partial debonding Floors 5th to 8th Floor in Tower A of EON Kharadi Infrastructure Pvt Ltd.-Phase-II-SEZ, which UBS India is seeking to take on lease from the Developer and add the above-mentioned space in their LOA. c. Relevant provisions: - In terms of Rule 19(2) of SEZ Rules, 2006. File No.S-SEZ-PRO0EON2/2/2023-JDCP I/3686/2024 315

“The letter of Approval shall specify the items of manufacture [along with the corresponding Indian Trade Classification (Harmonized system) of export and import items, 2017] or particulars of service activity, including trading or warehousing, projected annual export and Net Foreign Exchange-Earning for the first five years of operations, limitations, if any on Domestic Tariff Area sale of finished goods, by-products and rejects and other terms and conditions, if any, stipulated by the Board or Approval Committee:

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: - • LOA No. SEEPZ-SEZ/EKIPL-SEZ/UBSPL/31/2018-19 dated 09.05.2018 • Date of Commencement of Production: 01.10.2018 • Validity of LOA: 30.09.2028 • Existing Block Period – 2023-24 to 2027-28 • The unit has enclosed following documents: Copy of press release issued by FINMA, the Swiss Financial Market Supervisory Authority approving the takeover of Credit Suisse by UBS. Copy of certification issued by Commercial Registry of Canton Zurich, certifying the merger of Credit Suisse with UBS. Head of Terms for EON Free Zone-II Kharadi (Space Allotment Terms and Conditions) Self-Certified Copy of export projections Copy of Form F-3 Self-Certified copy of employment projections for SEZ Unit Self-Certified copy of details of proposed investment for next 5 years (Capex plus operating expenses-Imported and indigenous) Self-Certified Copy of LOA including renewals Self-Certified Copy of Board Resolution for addition of space in existing LOA Self-Certified copy of consolidated financial projections for the next 5 years for SEZ operations Copy of Asset Purchase Agreement e. ADC’s Observations:
• The proposal of the unit may kindly be considered for the addition of location and revision in projections, in terms of Rule 19(2) of SEZ Rules, 2006. • The approval of the proposal should be subject to the fulfillment of conditions prescribed for the partial deletion of Credit Suisse Services AG. • The Specified Officer to ensure that during this transfer of Assets from M/s Credit Suisse Services AG to M/s UBS India there is no loss of Government revenue and all procedures for transfer are recorded properly.

File No.S-SEZ-PRO0EON2/2/2023-JDCP I/3686/2024 316

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

AGENDA NOTE FOR CONSIDERATION OF THE APPROVAL COMMITTEE

a. Proposal: - Application submitted by M/s. Allscripts Healthcare Technologies (India) Pvt. Ltd..located at M/s. EON Kharadi Infrastructure Pvt. Ltd.Phase-I for Change in Name of Company and Registered Office Address.
b. Specific Issue on which decision of Approval committee is required: -
Approval of the Committee for Change in Name of SEZ Unit and Registered Office Address in terms of Instruction No. 109 dated 18.10.2021, as detailed below:

Change in Name of SEZ Unit as on 11.10.2023 Name before Change Name After Change M/s. Allscripts Healthcare Technologies ( India ) Pvt. Ltd. M/s. Veradigm India Pvt. Ltd.

List of Directors.

Sr. No. Name of the Director Designation 1. Jayadeep Madhukar Wakankar Director 2. Eric Dennis Lee Jacobson Director

Registered Office Address Change as on 16.12.2022 Old Registered Office address New registered Office address Ground Floor, 8-3-231/A/225, Sri. Krishna Nagar Yousufguda, Hyderabad Telangana,500045. 2nd Floor, Wing 2, Cluster D,EON Free Zone, MIDC, Kharadi Knowledge Park, Kharadi Pune-411014.

c. Relevant provisions: - As per para (i) of Instruction no. 109, dated 18.10.2021,

“Reorganization including change of name, 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 Special Economic Zone and continues to operate as a going concern. All liabilities of the Developer/Co-Developer/Unit shall File No.S-SEZ-PRO0EON1/30/2022-JDCP I/3687/2024 344

remain unchanged on such reorganization.” …

d. Other Information: - • The Developer was granted Formal Approval Letter No. SEEPZ-SEZ/EON- I/59/PRO/2022-23 Dated 07.12.2022 • The Unit has submitted following documents:

  1. Copy of Certificate of Incorporation from MCA in pursuant to Change of Name of company and registered office address
  2. Copy of PAN Card in New name of company
  3. Copy of RCMC Certificate from Export Promotion Council for EOU & SEZ
  4. Copy of IEC Certificate in new name of the company
  5. Copy of GST certificate in new name of the company
  6. Copy of Board resolution for name change
  7. Copy of Form INC 24 along with copy of paid challan
  8. Copy of List of Directors
  9. Undertaking as per Instruction No 109 Reason for the change in name: The Unit has informed that, in order to reflect the name of the holding company, Veradigm Inc., USA in the name of the Indian Subsidiary Company. Further, they wish to state that this is only a Name and Registered office address change and there is no Merger, amalgamation, or de-amalgamation of the company and no changes in the Directors and shareholding pattern. e. ADC’s Recommendations:
    • Approval Committee may consider the proposal of Developer for Change in Name of the company and Registered Office Address, in terms of Instruction no. 109 issued by MOC&I.

File No.S-SEZ-PRO0EON1/30/2022-JDCP I/3687/2024 345

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