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 : 30.05.2024 TIME : 12:00 P.M, ऋण फेक # के हे ERR ER EERE

Agenda Item No. Subject Agenda Item No. 01: - Confirmation of the Minutes of the meeting held on 23.04.2024 Agenda Item No. 02: - Monitoring of Performance for M/s. Tata Elxsi Ltd. Agenda Item No. 03: - Application for approval of Change in Board of Directors submitted by M/s. BNY Mellon International Operations (India) Pvt Ltd. KEKKEKRKERERKERERERERERER

4 तारीय | 23.04.2024 उपस्थि–त सदस्य क्रमांक. नाम और पदनाम Pe at. [एस/श्री.] 1 श्रीमती मिcतल हिžरेमठ पुणे कल्स्टर एसईजेड, पुणे सि…युक्त विlकास आयुक्त पुणे 2 श्रीमती भारती आहूजा यकर विlभाग से नामिcत सि…हायक आयुक्त, आयकर विlभाग 3 हो, दि£ल्लीराज दाभोले, पुणे डीजीएफटी विlभाग से नामिcत su नि¥देशक डीजीएफटी, 4 श्रीमती मालती जे. नायर, सीमा शुल्क विlभाग पुणे से नामिcत धीक्षक विlशेष आमंत्रि¨त क्रमांक नाम और पदनाम विlभाग ले, (एस/श्री.) 1 श्री डी.बी, मोरे, विlनि¥र्दि£qष्ट अधि­कारी सीप्ज़-एसईज़ेड, पुणे क्लस्टर एजेंडा आइटम नंबर O1: दि£नांक 28.03.2024 को आयोजिˆत 3.09 वीं बैठक के कार्यJवृत्त की पुष्टिµ विlचार-विlमर्शJ के बाद, समिcति‹ ने 28.03.2024 को आयोजिˆत 109 वीं अनुमोदन समिcति‹ की बैठक के कार्यJवृत्त की पुष्टिµ की। एजेंडा आइटम नंबर 02: मेसर्सJ सीमेंस एनर्जिˆq इंडस्ट्रिº»यस. टर्बॉ½मिcशीनरी इंडि€या प्राइवेट लिaमिcटेड के परफॉर्मेंÀस का मोनि¥द्)िÃंग।

यूनि¥ट ने 701 कर्मJचारिÕयों (पुरुष-594, महिžला-107) को रोजगार दि£या। एजेंडा आइटम नंबर 03: मेसर्सJ बीएनवाई मेलॉन टेक्नोलॉजी प्रा. लिaमिcटेड द्वारा नि¥देशक ase में बदलाव की मंजूरी के लिaए प्रस्तुत आवेदन। विlचार-विlमर्शJ के बाद, समिcति‹ ने MOC&l ant जारी नि¥र्देàश 109 दि£नांक 18.10.2021 के अनुसार, नि¥देशक Fst में बदलाव के लिaए यूनि¥ट के प्रस्ताव को मंजूरी दे दी, जैसा किÉ नीचे बताया गया है:| नि¥देशक का नाम | ear का नाम 1. पवन ग्वालदास पंजवानी प्रबंध नि¥देशक 2. पलल्‍लवी शोम नि¥देशक 3. मार्कJ डेविlड cis गिæबन्स नि¥देशक 4. सुस्वर शम्भूनाथ गानू पर नि¥देशक अनुमोदन एमओसी&आई द्वारा जारी अनुदेश संख्या 109 में नि¥र्धाÏJरिÕत शर्तोंí के अधीन है, जो लागू हो। 3. परिÕवर्ति‹qत इकाई के लिaए अपरिÕवर्ति‹qत जिˆम्मेदारिÕयों और दायिñत्वों के साथ एसईजेड गति‹विlधि­यों की नि¥र्बाÏJध नि¥रंतरता; ७. परिÕवर्ति‹qत इकाई और उसके घटकों द्वारा सुरक्षा मंजूरी आदि£ सहिžत लागू सभी पात्रता मानदंडों को पूरा करना; ८. सभी राजस्व/कंपनी मामलों /सेबी आदि£ अधि­नि¥यम /नि¥यमों की प्रयोज्यता और अनुपालन, जो पूंजीगत लाभ, इक्विùlटी परिÕवर्तJन, स्थानांतरण, कर योग्यता आदि£ जैसे मुद्दों को विlनि¥यमिcत करते हैं। 0. इक्विùlटी /विlत्रय, Bask, समामेलन या स्वामिcत्व में स्थानांतरण आदि£ में परिÕवर्तJन से संबंधि­त पूर्णJ विlत्तीय विlवरण सदस्य (आईटी एंड आर), सीबीडीटी, राजस्व विlभाग और क्षेत्राधि­कार प्राधि­करण को तुरंत प्रस्तुत किÉया जाएगा।

h. आवदक को सभी अभिĈलखों मं नए नाम या ऐसी व्यवस्था स पहचाना जाएगा। अध्यक्ष को धन्यवाद ज्ञापन के साथ बैठक समाप्त हुई। Minutes of the 1107 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 Magarpatta Township Development and Construction Co. Ltd.-SEZ, Village Hadapsar, Tal. Haveli, Dist. Pune 411013, held on 23,04.2024 via video conference 1 |Name of the SEZ [Magarpatta Township Development And Construction Co. Ltd,-SEZ 2 (Sector T/ITES 3 [Meeting No. 110th Date 23.04.2024 Members present Sr Name and Designation (S/Shri.) Department Smt. Mital Hiremath Joint Development Commissioner ne Cluster SEZ, Pune 2 mt. Bharati Ahuja ominee of Income Tax, Pune Asst. Commissioner, IT 3 r. Dileeraj Dabhole, Dy. Nominee of DGFT, Pune DGFT 4 mt. Malathi J. Nair ominee of Customs, Pune uperintendent Special Invitee Sr Name and Designation [Department 1 hri D. 3. More, Specified Officer EEPZ-SEZ, Pune Cluster Agenda Item No. 01: Confirmation of the Minutes of the 1097 7 meeting held on

2006. As detailed below:

The unit has achieved export of Rs. 443.24Cr against the projected export of Rs. Rs. 341.81Cr in FY year 2022-23 on cumulative basis. * The unit has achieved NFE of Rs. 387.38 Cr i.e, 87.39% in FY year 2022-23 on cumulative basis. * The unit has achieved employment of 701 employees (Men-594, Women-107) Agenda Item No. 03: Application for approval of Change in Board of Directors submitted by M/s BNY Mellon Technology Pvt. Ltd. After deliberation, the committee approved the proposal of the unit for change in Board of Directors, in terms of Instruction No. 109 dated 18.10.2021 issued by MOCI, as detailed below: Approved List of Board of Directors: Sr. No. Name of the Director Designation Lis Pawan Gwaldas Panjwani Managing Director 2 [Pallavi Shome Director 3६ IMark David Todd Gibbons Director 4. uswar Shambhunath Ganu Additional Director The approval is subject to the conditions as laid down in Instruction No. 109, as applicable, issued by MOC&I a. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity; b. Fulfillment of all eligibility criteria applicable, including security clearances etc. by the altered entity and its constituents; c. Applicability of and compliance with all Revenue/Company Affairs/SEBI etc. Act/Rules which regulate issues like capital gains, equity change, transfer, taxability etc. d. Full financial details relating to change in equity/merger, de-merger, amalgamation or transfer in ownership etc. shall be furnished immediately to

h. The applicant shall be recognized by the new name or such arrangement in all the records. Meeting ended with a vote of thanks to the Chair. erow al cae (राजेश कुमार मिcश्रा, आईआरएस) (Rajesh Kumar Mishra, IRS) अध्यक्ष एवं विlकास आयुक्‍त Chairman-cum- Development Commissioner

b) Specific Issue on which decision of Approval Committee is required: Monitoring of the performance of the unit for 4 years i.e., from FY 2019-20 to 2022-23 of the 1% 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 1** Block Period: (Rs. in Cr.) 2019-20 | 2020-21 2021- 2022-23 | 2023-24 Total 22 FOB Export 11.40 42.00 110.25 198.64 208.28 570.57 FE Outgo 3.61 11.30 27.99 44.32 43.93 130.71 NFE 7.79 30.70 82.70 154.32 164.35 439.86 B. Performance as compared to projections: for FY 2019-20 to 2022-23 (Rs. In Cr.) Export F.E. OUTGO Raw Material Cc F Year stent level Goode) Services -G. import Other outflow ESTE Projected | Actual | Projected | Actual Actual 2019-20 11.40 23.99 - | 0.00 | 10.24 | 0.69 | | 0.90] 2020-21 42.00 59.46 | 0.00 | 1.66 1.06 2021-22 110.25 220.58 | 0.00 | 4.81 6.24 2022-23 198.64 285.85 | _0.00 | 3.35 4.21 Total 362.29 589.88 | __0.00 | | _0.00 | 10.24 | 10.51 12.41 C. Cumulative NFE Achieved (Rs. In Cr.) Year Cumulative NFE Cumulative NFE in % achieved 2019-20 23.84 99.34

Validity of LOA 21.08.2024 Item(s) of manufacture/ Services IT/ITES Date of commencement of production 22.08.2019 Execution of BLUT Rs.21.79Cr. Outstanding Rent dues NA Labour Dues NA Validity of Lease Agreement 31.05.2029 Pending CRA Objection, if an NA Pending Show Cause Notice/ Eviction | NA Order/Recovery Notice/ Recovery Order issued, if any a) No. of employees as on FY 2022- 23 1295 employees (Men-820, women- 475) Area allotted (in sq.ft.) 88,656.30 Sqft ७ ++& Area available for each employee per sq.ft, basis (area / no, of employees 68.46 Sq.ft. Investment till | Building NA date Plant & Machinery | Rs.16.97Cr. Quantity and value of goods exported NA under Rule 34 unutilized goods Value Addition during the monitoring NA eriod Whether all the APRs being considered Yes 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. The Specified Officer vide letter dated 18.04.2024 has reported as under: A. EXPORT DETAILS (Rs. in Cr) Year/Perio | Figures | Figures as | Differe Reason for d reported | per nee if Difference /Remark in APR | Softex/Cust | any (FOB oms Value Records

cancelled, Softex -0.37 | Cancellation request ID#142400105724 filed . Reimbursement Expenses in 0.39 connection with है project, shown in APR 21-22 220.58 220.75 -0.17 but not reflecting in NSDL Difference due to -0.56 | fluctuation in Exchange rate ; 285.85 268.25 17.6 Reimbursement Expenses in 2.60 connection with है project, shown in APR but not reflecting in NSDL Missed to include invoices due to new Software implementation (46 eae Invoices for Feb, 23) in the softex filed for Feb, 2023, which is only included in APR. Difference due to -0.89 | fluctuation in Exchange rate -0.55 | Softex Filed but Invoice cancelled, Softex Cancellation request ID#142400096230 filed .

(Rs. In Cr.) es Period 5 Figures as per | Difference if = for reported in NSDL/Custom | any Difference /Re revised APR 8 Records mark 19-20 0.69 0.69 0,00 ~ 20-21 1.66 1.66 0,09

21-22 4,81 4.81 0.00

22-23 3,35 3,35 0.00

C. BLUT DETAILS Value of BLUT Executed Value of Additional BLUT executed -Year: Date of acceptance -BLUT amount: TOTAL value of BLUT Executed (Duty foregone) (including for CG / Raw Material / Services) 20.07.22. TOTAL BLUT Rs. 21.79 Cr, BLUT for Rs. 2.67/- Cr. executed on 18.07.2019. Additional BLUT for Rs.19.12/- Cr. executed on

21- 0.87 0.22 2.74 3.83 22 22- 0.44 3.29 2.67 6.40 23 Total] 1.86 6.36 6.98 15.20 Employment made as on date || Year Be | Women | Total (as on end of block period /

year up to which monitoring 19220 0 ag 120 is being done) 20-21 | 305 166 471 21-22 | 436 213 649 22-23 | 820 475 1295 Details of pending Foreign Remittance beyond Permissible period, if any (as on 31.03.2023) To cross-check the same and verify whether necessary permission from AD Bank / RBI has been obtained. permissible period. permissible period.

1. As per APR for the period ending 21-22, there is a remittance of Rs 0.87 Cr., pending beyond
2. As per APR for the period ending 22-23, there is a remittance of Rs 1.15 Cr., pending beyond As on date payment of 0.01 Cr. is pending against invoice no. PFFI230910245 dated Sept 2022 for which no permission obtained from AD Bank. Whether all softex has been filed for 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. Softex has been filed till Mar-23.

H Softex Cancellation Request ID#142400105724 for the month Nov., 2020 Softex Cancellation Request 1D#142400096230 for the month Jan & Aug., 2023 Documents have been called for verification Whether any Services | No such case noticed. provided in DTA / SEZ/EOU/STPI etc. against payment in INR in r/o I | IT/ITES Unit during the period, है If yes, details thereof (year wise details to be provided) 80 to verify and certify whether the unit has updated NA gy | the BLUT ledger Module in है SEZ Online. Has the unit cleared any | 19-20 - ४० Capital Goods procured duty free in DTA against payment | 20-21 ~ No K of Duty, or otherwise? 21-22- No Full details to be provided | 22.23 - BATTERY LEAD-ACID 12V 42AH - Request along with value of assets and | [0 969300824472 - Assessable value INR 0.0069 duty discharged Cr. Duty Paid INR .00021 Cr. L jis the unit sharing any of | No their infrastructure with other units or utilizing infrastructure of another unit in the same or other SEZ? are

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. 19-20 to 22-23 has been filed and processed. 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. 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. Has the unit set up any cafeteria / canteen / food court in unit premises? If yes, whether permission from UAC / DC office has been issued, or otherwise office has been issued, otherwise or 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 Pantry set up, has been noticed in the unit but no cooking activities are being carried out. No Permission from UAC/DC office has been taken in terms of instruction no. 95. No duty-free goods are being used in the said Pantry area.

The unit has achieved export of Rs. 589.88Cr. against the Projected export of Rs. 362.29Cr ie., 162.82% on cumulative basis in the FY 2022-23 of 1* Block. The unit has achieved NFE of Rs. 576,20 Cr, i.e, 97.68% on cumulative basis in the FY 2022-23 of 1" block period. » As per the SO Report the unit has achieved employment of 1295 employees (Men-820, women-475) in FY 2022-23, » Further, the specified Officer in his report has submitted that, the unit is running / had set up pantry without obtaining permission from Approval Committee/DC office. However, there is no cooking activity is involved and No Duty-free goods are being used in the said pantry area. » Approval Committee may kindly monitor the performance of the Unit for 4 years i,e., from FY 2019-20 to 2022-23 of the 1" block period, in terms of Rule 54 of SEZ Rules, 2006. ( Sawan Kuma )

Pvt.Ltd. IT/ITES unit located in Magarpatta- 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. Name of the Director Designation Cessation/Resignation No. Date 1. शक, Sudesh Panicker Managing Director Po Lambodara 2 |Mr. Francis Jos G Braeckevelt|Director

_
3
Mrs.Joanne Elisabeth Cash _ [Director
30.04.2024
4
Mrs. Janet Menezes
hole-Time
[Director
5
r. Rajiv Bhatnagar
Director
fo
Proposed List of Board of Director:
Sr. No.
No.
Name of the Director
Designation
di.
IMr. Sudesh Panicker Lambodara
IManaging Director
2
IMr. Francis Jos G Braeckevelt
Director

rs. Janet Menezes hole-Time Director 4 r. Rajiv Bhatnagar Director 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

© Form DIR 12 for Resigned Director with ROC along with its challan © Undertaking in terms of Instruction no. 109 Reason for change in Board of Director: The unit has submitted that, due to the Resignation dated 30.04.2024 submitted by Mrs. Joanne Elisabeth Cash, Director. . ADC’s Observation : Approval Committee may kindly consider the proposal of the unit for Change in Board of Director, in terms of Instruction no. 109 issued by MOC&I. RO itt हक के के के Se SAWAN Kum a Abe A