Agenda for Approval Committee meeting for SEZ Pune Cluster scheduled on 23 April 2024. — 02-magarpatta-city-sez

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. MAGARPATTA TOWNSHIP DEVELOPMENT AND CONSTRCTION COMPANY LTD.- SEZ, HADAPSAR, PUNE.

DATE : 23.04.2024

TIME : 12:30 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 23.04.2024

INDEX

Agenda Item No.

Subject Agenda Item No. 01: - Confirmation of the Minutes of the meeting held on 28.03.2024 Agenda Item No. 02: - Monitoring of Performance for M/s. Siemens Energy Industrial Turbomachinery India Pvt Ltd. Agenda Item No. 03: - Application for approval of Change in Board of Directors submitted by M/s BNY Mellon Technology Pvt. Ltd.

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File No.S-SEZ-PRO0MTDC/1 0/2022-JOCP Members present Special Invitee sr lxame and Designation pepartment t lshri D. B. More, Specifred officer lsoeez-snz, Pune Cluster Agenda Item No. 01: Confirmation of tlre Minutes of the 1o86 oeeting held on 09.02.2024. After deliberation, the committee conlirmed the minutes of the 1O8s meeting of Approval Committee held on O9.O2.2024 Agcnda It E No, 02: Application for approval of Merger of LOAs submitted by M/s. Accenture Solutions Put Ltd. After deliberation, the Committee approved the proposal of the unit for Minutes of the 109s Meeting of the Approval Committee held under the Chairmanship of Zonal Development Commissioner SEEPZ-SEZ, Mumbai for Sector Specific Special Economic Tnne for IT/ITES of Magarpatta Tolvnship Development and Construction Co. Ltd.-SEZ, Village Hadapsar, Tal. Haveli, Dist. Pune 411O13, held on 28.O3.2024 via video conference 1 Name of the SEZ MaSarpatta Township Development And Constructon Co. Ltd.-sEz 2 Sector' ITllTES 3 Meeting No. 109th 4 Date 2A.O3.2024 Sr Name and Designation (s/shd.) f"n"rt-""t 1 Smt. Mital Hiremath Joint Development Commissioner lPune Cluster SEZ, Pune 2 Smt. Bharati Ahuja Asst. Commissioner, IT ominee of Income Tax, Pune I 3 Dr. Dileeraj Dabhole, Dy. DGF'I fi.{ominee of DGFI, Pune 4 Smt. Sunita Jagtap Superintendent fvominee of Custorns, Pune qrdt a7.s?o/" or voRrso va.qqr.$ tte fctQft $q Crft-d{ fs'qr tt . fdAfiE $ffi * 2a23-24d {tdffiK qrfr q{ ddrt tl 3trzcr 6l eraqr{ qrra h rrPr td6 sdr'fr g*l

Fi le No.S-SEZ-PRO0MTDC/l 0/202?-JOCP (Re. In Crorea) Consequent to merger of both LOAs, the block period for the purpose of calculation of Net Foreign Exchange arld Income Tax benefit, shall be considered from the date of commencement of the Unit I i.e., w.e.f. OZ.O4.2OOA, in terms of Rule 19(2) of SEZ Rule 2006. Further, this merger is effective from O1.O4,2O24. Agenda Item No. 03: Monitoring of Performance for M/s. Amdoca Dc,rr'eloprxcnt Centre India LLP, After detiberation, the committee noted the performance of thc unit for the period of FY 2023-24 (upto Feb-2024), in terms of Rule 54 of SEZ Rules, 2OO6. As detailed below: The unit has not made export iD FY-2O23-24 (upto Feb-2024) The unit has achieved NFE of Rs. 1490.51Cr. i.e., 87.82 o/o in W year 2023-24 (upto Feb-2024) on cumulative basis. The specified officer has reported actrieved emplo5rment in 2A23-24 as NtL Meeting ended \Mith a vote of thanks to the Chair. 1 ,o
oV. merger of their Unit 2 bearir:g LOA No. SEEPZ/MTDCCLSEZ/ASPL/31/201S- 16/ 15645 dated 29.09.2015 with their Unit 1 bearing LOA No. SEEPZ/Pune/Ig /2OO7-O8/ t2 dated 05.02.2008, in terms of Rule 1g l2l, ot SEZ Rules, 20O6. Post-merger, the revised projection is as detailed below: Approvcd Projectione: 1rrfu gar< fran, sr$gnqgl [&l lrr, f.jsh lurlIt Mlthrr fur riqn/osrlopmcnt Cg mlrsroner mftIR' ltql ql ltrtr rrrao 2023-24 2024-25 2025-26 2026-27 2027-2A Total FOB value of enport 429.46 1591.91 1591.91 1591.91 159 1.9 I 7t97.70 FE outgo 90.99 95.t2 93.96 97.t4 421.26 NFE 785.40 1500.92 1,496.79 t497 .95 1494.77 677s.A4 Value of Capital Goods ndigenous Capital Goods 137.s6 4 mported Capital Goods 39.68 Value of Input Scrviceg 3 ndigenous Services 586.57 4 ported Services 381.59 6oyt. ot Indla. Ulnltttv ol comm.r(e & ct. trit fifif- it/St-[Pz- !p!(ial Eco' oi*o (fd). trl- ro / rna h€ r ' ( E ), M ,, 44.061

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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: Monitoring of the performance of M/s. Siemens Energy Industrial Turbomachinery India Pvt Ltd, located in Magarpatta City-SEZ, Pune for 3 years from FY 2020-21 to 2022-23 of 3rd Block period. b) Specific Issue on which decision of Approval committee is required: Monitoring of the performance for 3 years from FY 2020-21 to 2022-23 of 3rd Block period, in terms of Rule 54 of SEZ Rules, 2006.

c) Relevant provisions: -

As per Rule 54 of SEZ Rules, 2006 “Performance of the Unit shall be monitored by the Approval Committee as per the guidelines given in Annexure appended to these rules”. A. Approved export Projections for 3rd Block Period: (Rs. in Cr.)

2020-21 2021-22 2022- 23 2023-24 2024-25 Total FOB Export 107.01 114.60 120.20 126.25 135.00 0 FE Outgo 20.00 20.51 23.48 26.85 30.89 0 NFE 87.01 94.09 96.72 99.40 104.11 0

B. Performance as compared to projections: for FY 2020-21 to 2022-23 (Rs. In Cr.)

Year Export F.E. OUTGO Projected Actual Raw Material (Goods/Services ) C.G. import Other outflow Projecte d Actua l Projecte d Actua l Actual 2020- 21 107.01 115.87 0.00 0.00 0.53 0.36 16.07 2021- 22 114.60 141.27 0.00 0.10 16.11 2022- 23 120.20 186.10 0.00 0.06 19.53 Total 341.81 443.24 0.00 0.00 0.53 0.52 51.71 C. Cumulative NFE Achieved (Rs. In Cr.)

Year Cumulative NFE achieved Cumulative NFE in % 2020-21 98.09 84.65

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2021-22 221.79 86.25 2022-23 387.38 87.39

d) Other Information:

LOA No. & Date LOA No. SEZ/PUNE/4H/2010- 11/6992 dated 20.07.2010 Location of Unit Upper Grd. Floor, Tower B5, Level 5, Wing A, Tower 7, Magarpatta Township Development and Construction Co. Ltd.-SEZ, Hadapsar, Pune-411013 Validity of LOA 19.10.2025 Item(s) of manufacture/ Services IT & ITES Date of commencement of production 20.10.2010 Execution of BLUT Rs. 23.52 Crores. Outstanding Rent dues NA Labour Dues NA Validity of Lease Agreement

Pending CRA Objection, if any NA Pending Show Cause Notice/ Eviction Order/Recovery Notice/ Recovery Order issued, if any NA Projected employment for the block period No. of employees as on 31.03.2023 701(Men-594, Women-107) Area allotted (in sq.ft.) 79,609.30.Sq.ft Area available for each employee per sq.ft. basis (area / no. of employees) 113.56.Sq.ft Investment till date Building NA Plant & Machinery Rs.34.09 Cr. Quantity and value of goods exported under Rule 34 (unutilized goods) NA Value Addition during the monitoring period NA Whether all the APRs being considered now has been filed well within the time limit, or otherwise. If no, details of the Year along with no of days delayed to be given. Yes

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The Specified Officer report vide letter dated 18.04.2024 has reported as detailed below:

A. EXPORT DETAILS (Fig. in Cr.)

Year/Period Figures reported in APR (FOB Value) Figures as per Softex/Customs Records Difference if any Reason for Difference/Remark 20-21 115.87 116.11 -0.24 Difference is on account of Exchange rate fluctuation. 21-22 141.27 143.65 -2.38 Difference is on account of Negative Exchange rate fluctuation. 22-23 186.11 189.33 -3.22 Difference is on account of Exchange rate fluctuation.

B. IMPORT DETAILS

(Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis.

(Fig. in Cr.)

Year/Period Figures in Rs. reported in APR (CIF Value) Figures in Rs. as per NSDL/Custo ms Records Difference in Rs. if any Reason for Difference/Remar k 20-21 0.36 0.36

21-22 0.10 0.10

22-23 0.06 0.06

C. BLUT DETAILS

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1 Value of BLUT Executed (Duty foregone) (including for CG / Raw Material / Services) Value of Additional BLUT executed

Year: Date of acceptance

BLUT amount: TOTAL value of BLUT Executed Goods (in Rs.) Services (in Rs.) Date of acceptance 23.52

25-Feb-2008 23.52

Total TOTAL BLUT Rs. 23.52 Cr. (Fig in Cr.) 2 Total Duty Foregone on goods & services procured (Category-wise BLUT value utilized separately for imported

and indigenous goods and services) This should be based on BLUT worksheet which provides for estimated value and duty foregone separately for each category

of procurement. (Fig in Cr.) (i) Employment made as on date (as on end of block period / year up to which monitoring is being done) (j) Details of pending Foreign Remittance beyond Permissible period, if any (as on 31.03.2022) To cross-check the same and verify whether necessary permission from AD Bank / RBI has been obtained There is no foreign remittance pending beyond permissible period (k) Whether all softex has been filed for Softex has been filed till Mar-23 Year Impo rt Duty Forg one (in Rs.) Importe d Service s duty forgone (in Rs.) Indigeno us Goods Duty Forgone (in Rs.) Indige nous Servic es Duty Forgo Ne (in Rs.) Total (in Rs.) 20-21 0.07 Nil 0.08 4.04 4.19 21-22 0.03 Nil 0.04 4.88 4.95 22-23 0.01 Nil 0.27 6.04 6.33 Year Men Women Total 20-21 408 64 472 21-22 515 91 606 22-23 594 107 701

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the said period. If no, details thereof. SO to also check whether unit has obtained
Softex condonation from DC office / RBI and if approved, whether they have filed such pending Softex. Unit has obtained condonation for delayed softex submission for the month May 2021 to Jan 2022 under Order No 83 dated 26.04.2023 issued by JDC, Pune (l) Whether all Softex has been certified, if so till which month has the same been certified. If not, provide details of the Softex and reasons for pendency. All the Softex filed have been certified for the period from 22-23. (m ) Whether unit has filed any request for Cancellation of Softex No (n) Whether any Services provided in DTA

/ SEZ/EOU/STPI etc. against payment in INR in r/o IT/ITES Unit during the period. If yes, details thereof (year wise details to be provided) No such case noticed. (o) SO to verify and certify whether the unit has updated the BLUT ledger Module in SEZ Online. Up-loading of the BLUT Module on SEZ online Portal Kept in abeyance as per office order No. 02/2023 dated 16-03-2023. (p) Has the
unit cleared any Capital Goods
procured duty free in DTA against payment of Duty, or otherwise? Full details to be provided along with value of assets and duty discharged Yes, (Fig in Cr.) FY 2022-23 : Duty Paid :Rs. 0.04 Cr. (The E-Scrap is removed to DTA on payment of duty for the destruction purpose) (q) Is the unit sharing No. The unit is not sharing any of its infrastructure

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any

of their infrastructure with other units or are utilizing infrastructure of another unit in the same or other SEZ? If so,
details thereof, including the details of the unit with whom the sharing is being made, and the payment terms If approval for sharing of common infrastructure has been obtained from UAC / DC office, the date of UAC / Approval letter to be indicated with other units or utilizing another unit’s infrastructure in the same or other SEZ. (r) Whether all DSPF for

services procured during the said monitoring period

under consideration has been filed by the unit and whether the same has been processed

for approval by the SO Office. DSPF for services procured during the period 2022-23 has been filed and processed. (s) Whether unit has filed all DTA procurement w.r.t. the goods procured by them during the monitoring period for the relevant period. If no, details thereof As per the record, DTA filed on SEZ Online System by the unit, have been processed and approved till date. (t) Details of

the request IDs pending for OOC in respect of DTA procurement on the date of submission of monitoring report As per the record on SEZ Online, no Out of Charge is pending. (u) Has the unit set up any cafeteria / canteen / food court in unit Pantry has been set up in the unit, however, it has been confirmed that the said goods were procured without claiming any duty benefit.

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premises? If yes, whether permission

from UAC / DC office has been issued, or otherwise office has been issued, or otherwise Whether unit has availed any duty paid goods / services for setting up such facility? If yes, whether unit has discharged such duty / tax benefit
availed? details to be given including amount of duty / tax recovered or yet to be recovered (v) Whether

any violation of any of the provisions of law has been noticed / observed by the Specified Officer during the period under monitoring No such case noticed

f) ADC’s observations:

➢ The unit has achieved export of Rs. 443.24Cr against the Projected export of Rs. 341.81Cr i.e.,129.67% in the FY 2022-23 of 3rd Block period, on cumulative basis. ➢ The unit has achieved NFE of Rs. 387.38 Cr i.e, 87.39% on cumulative basis in the FY 2022-23 of 3rd block period. ➢ As per the SO Report the unit has achieved employment of 701 employees (Men- 594, women-107) in FY 2022-23 ➢ Approval committee may kindly monitor the performance of the Unit for 3 years from FY 2020-21 to 2022-23 of 3rd Block period., in terms of Rule 54 of SEZ Rules, 2006

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

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AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a) Proposal: - Proposalsubmitted by M/s. BNY Mellon Technology Private Ltd.,IT/ITES unit located in Magarpatta Township Development & Construction Co. Ltd.-SEZ for Change in the Board of Director. b) Specific Issue on which decision of Approval Committee is required: -Approval of the Committee for Change in Board of Director,in terms of Instruction No. 109 dated 18.10.2021, as detailed below: Existing List of Board of Director: Sr. No. Name of the Director Designation Date of Appointment 1. Mr. Pawan GwaldasPanjwani Managing Director 26.09.2023 2. Pallavi Shome Director 20.05.2019 3. Mark

David

Todd Gibbons Director 20.08.2019 Proposed List of Board of Director: Sr. No. Name of the Director Designation Date of Appointment 1. Mr. Pawan GwaldasPanjwani Managing Director 26.09.2023 2. Pallavi Shome Director 20.05.2019 3. Mark David Todd Gibbons Director 20.08.2019 4. SuswarShambhunathGanu Additional Director 14.03.2024 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 remain unchanged on such reorganization.” … 1 File No.S-SEZ-PRO0MTDC/2/2022-JDCP I/4229/2024 167

d) Other Information: -  M/s. BNY Mellon Technology Pvt. Ltd., is granted LOA NO. SEEPZ- SEZ//MTDCCL-SEZ/ITIPL/15/2011-12/9470 dated 20.06.2011 (As amended) is located at Level-6, Tower 9 Magarpatta SEZ-, Hadapsar, Pune-4110113.  DCP:01.12.2011  LOA valid till: 30.11.2026  The Unithas submitted following documents: o Copy of DIR-12 filed with ROC for the resignation of Srinivas Rangarajan o Updated list of directors’ post changes in directorship o Undertaking in terms of Instruction no. 109 o Copy of ID and Address proof of new director  Reason for change in Board of Director:

The unit has submitted that, due to the appointment of SuswarShambhunathGanu, Additional Director, there is change in Board of Director. e) ADC’s Recommendation:

Approval Committeemay kindly consider the proposal of the unitfor Change inBoard of Director,in terms of Instruction no. 109 issued by MOC&I.

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