Agenda for Approval Committee meeting for SEZ Pune Cluster scheduled on 05 July 2024. — 05-5-nalanda-shelter-pvt-ltd-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. NALANDA SHELTER PRIVATE LTD.

DATE : 05.07.2024

TIME : 11:00 A.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 05.07.2024 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 :- Application for Approval for Addition of area admeasuring 1580 Sq. Ft with Revision in projection submitted by M/s Benzy Infotech Pvt. Ltd.
Agenda Item No. 03 :- Application for approval of Change in Board of Directors submitted by M/s. PO Lighting India Pvt. Ltd

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File No.S-SEZ-MINS0NSPL/1 i 2022-JOCP tFector [r7nes F1"t 3 frifeeting No 4 pate Fantnzc Members presetrt Sr. No. Name and Designation (s/shd.) t 1 Smt. Mital S. Hiremath Joint Development Commissioner f:ne Cluster-SEZ, Pune 2 Smt. Bharati Ahuja, Asstt. Commissioner, IT $ominee of Income Tax, Pune 3 Shri Dileeraj Dabhole, Dy. DGFT fiominee of DGFT, Pune 4 Smt. Sunita Jagtap Superintendent ominee of Customs, Pune t Special Invitee Sr. No. fVarne ana Designation 1 Fi ri Satbir Sharma ecified Oflicer F EEW-SEZ, Pune Cluster Agenda Item No.Ol: Confirmation of the Minutes of the 406 meeting held on After deliberation, the Committee confirmed the minutes of the 40th meeting of Approval Committee held on 18.12.2023. After deliberation, the committee approved the proposal of the unit for addition of location and Revision in Projections, in terms of Rule 19(2) of SEZ Rules, 2006, as detailed below: 1 (Area in Sq.ft) Existing address and Area proposed to be added Total area after addition Incubation space located at OIfice Suite 01 , Ground Floor, (8 seats including 1 cabin of 498 Sq.ft a-rea) & Incubation Block, Ground Floor, (66 Seats, 1 meeting room & 1 IT Room of 5416 Unit No. 3, 1lth Floor, Tower A, Nalanda Shelter h/t Ltd - SEZ, Near RGIP- Phase-I, Hinjewadi, Pune- 4t 1057 (Tranche I - 13,333 Sq. ft +Tranche 2- 13,333 Sq.ft of area 26,666 Sq.ft) Incubation space located at Oflice Suite 01, Ground Floor, (8 seats including I cabin of 498 Sq.ft area) & lncubation Block, Ground Floor, (66 Seats, I meeting room & 1 IT Room of 5416 29.O2.2024 Agenda Item No. 02: Application of Approval for Addition of Location and Revision in Projections submitted by M/s. Centralogic Consultancy kt Ltd. area

File No.S-SEZ-MINS0NSPL/1/2022-JDCP 2. Revision in projections, as detailed below: Approved proj ections: (Rs. tn Cr.) Sq. it area) located at Towerl A, Nalanda Shelter Pvt Ltdl

• SEZ, Near RGIP-Phase-l,l Hinjewadi, Pune-4 I 1057 Sq. ft area) located at Tower A and Unit No. 3, l lth Floor, Tower A, Nalanda Shelter Rrt Ltd - SEZ, Near RGIP- Phase-I, Hinjewadi, Pune- 411057 (Tranche 1- 13,333 $q.ft +Tranche 2- 13,333 $q.ft of area 26,666 Sq.ft) Admeasuring area of 5914 sq. ft. Admeasuring 26,666 Sq.ft. area of Admeasuring 32,58O Sq.ft. area of o25-26 130.00 40.00 30.00 20.00 B Value of exPorts 7 .ao t.75 1.65 1.55 1.45 oreign Exchange outgo t22.20 38.25 28.35 22.45 18.55 t4.60 et Foreign Exchange Machinery Capital (Rs t- la.khs ln Plan and t 7 .OO digenous Capital Goods 5.00 mported Capital Goods 25.00 digenous Services 1 2.80 mported Services 2 mployment (M 1o0 m o en en 1 0 0 @ EEEI t@ 7@ t@ @ EgI Asenda Item No. O3l Application of Approval for Change in Nominee of Designated pirtner submitted bv M7i. Cereoce Services (India) kt Ltd' After deliberation, the committee approved the proposal fgt :!Tq: ^i' Nominee of Designated partner, in terms of instruction No'lO9 dated 18'10'2021' issued by MOC&I. As detailed below: Approved list of Designated partners and their contributions: Sr. No. ame of Desigrated arties to the rough omlnee esignated eement ers LLP Agreement Effective From date lapital lontribution Amt. in Rs.) pital ontribution rcentage 01 ame of lst Partner : erence B V ddress : CBS Weg ame : s Shuchi aitra 23.t2.2023 2 ,O3 ,22 ,350 .OO a.94vo 24 ool Goods 200 of Services 16.00 --130

File No.S-SEZ-MINS0NSPL/1/2022-JDCP 11,6412 Ex Heerlen, Netherlands ia ame of 2nd Partner : Service B V ss : Olympia 2 , 1213NT ersum, etherlands Name : bennis Joseph Close 0t.o4.2022 rs,14,oo0.o0 Dr.ooz otal 42,48,36,350.00 100% The approval is subject to the conditions as raid down in Instruction No applicable, issued by MOC&I 109, as a. seamless continuity of the sEZ acuvities with unaltered responsibilities and obligations for the altered entity; b' Fulfrlment of all eligibility criteria appricable, including security clearances etc. by the altered entit5r alrd its constituents; c. Applicability of and compliance with all Revenue/Company AIIairs/SEBI etc. Act/Rules which regulate issues like capital gains, equity change, transfer, taxability etc. d. Full frnancial details relating to change in equity/merger, demerger, amalgamation or transfer in ownership etc. shan be furnished immediatef to Member (IT&R), CBDT, Department of Revenue and to the jurisdictional Authority. e' The assessing olficer shan have the right to assess the taxab,it5r of the gain/loss arising out of the transfer of equity or merger, demerger, amalgamation, transfer in ownerships etc. as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 196l . f' The applicant shall comply with rerevant State Government raws, including those relating to lease of land, as applicable. g' The applicant shall furnish details of pAN and jurisdictional assessing office of the unit to CBDT. h. The applicant shall be recogrrized by the new narne or such arralgement in all the records. Ag:"{1 Item _No.O4: Application of Approval for Change in Board of Directors submitted by M/s. Aptiv Component In&a hrt Ltd. After deliberation, the committee- approved the proposal for change Board of Directors, in terms of Instruction No.lo9'iated re.-lolzozt, issued by Moc&I. As detailed below: Approved list of Directors: Sr. No ame of Directors 1 owtej singh rector

File No.S-SEZ-MINS0NSPUl/2O22-JDC9 2 tabh Mathur irector Devaraj tional Director The approval is subject to the conditions as raid down in Instruction No. ro9, as applicable, issued by MOC&I a' searnless contkruity of the sEZ activities vrith unalteled responsibilities and obligations for the altered entity; b. Fulfilment of all eligibility criteria applicable, including security crearances etc. by the altered entity and its constituents; c. Applicability of and compliance with alr Revenue/company Alrairs/sEBl etc. Act/Rules which regulate issues like capital gains, equity change, transfer, taxability etc. d. Full financial details relating to change in equity/merger, demerger, amalgamation or transfer in ownership etc. shall be fumished immediately to Member (IT&R), CBDT, Department of Revenue and to the jurisdictional Authority. e. The assessing olficer shali have the right to assess the taxabitity of the gain/loss arising out of the transfer of equity or merger, demerger, amalgamation, transfer in ownerships etc. as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 1961 . f. The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. g. The appucant shau furnish deta s of pAN and jurisdictionar assessing oflice of the unit to CBDT. h. The applicant shall be recognized by the new name or such arrangement in a]l the records. Meeting ended with a vote of thanks to the Chair. ({r$rr i6-rrE (Rajesh Kumar Mishra, IRS) $tqHsdfuorr rgra Chairman-cum- Development Commissioner F

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:

Proposal dated 18.05.2024 received in this office on 05.06.2024 submitted by M/s. Benzy Infotech Pvt. Ltd., an IT/ITES unit located at M/s. Nalanda Shelter Pvt. Ltd.-SEZ for approval of addition of area admeasuring 1580 Sq. ft. with revision in projections. b. Specific Issue on which decision of Approval Committee is required: -Approval of the Committee for Addition of area admeasuring 1580 Sq. Ft with Revision in projection in terms of Rule 19(2) of SEZ Rules, 2006. i. Location / area proposed to be added : (Area in Sq.ft)

  Existing address and

area Area proposed to be added Total area after addition Office No. 16 & 17, Incubation Centre, Ground Floor, located at Tower A, Nalanda Shelter Pvt Ltd – SEZ, Near RGIP-Phase-I, Hinjewadi, Pune-411057 Office No. 14 & 15, Ground Floor, located at Tower

‘A’, Nalanda Shelter Private Limited - SEZ,

Near

RGIP, Hinjewadi, Phase I, Pune 411057 Office No. 14 & 15, 16 & 17, Incubation Centre, Ground Floor, located at Tower A, Nalanda Shelter Pvt Ltd – SEZ, Near RGIP-Phase-I, Hinjewadi, Pune-411057 Admeasuring area of 985 Sq. ft. Admeasuring area of 1580 Sq.ft. Admeasuring area of 2565 Sq.ft.

ii. Revision in Projection:

Projections of Investment and Employment:

Sr.No Item Existing Projection Total Revised Projection

Employment

TOTAL Men Women Men Women 18 8 23 9 26 32

Investment-Plant and Machinery/Capital Goods (Rs. in Crores)

i. Indigenous (Capital Goods) 0.48 0.50 ii. Imported (Capital Goods) 0.92 0.93

Total 1.40 1.43 3. Services

File No.S-SEZ-PRO0NSPL/10/2022-JDCP

i. Indigenous Services 29.69 37.66 ii. Imported Services 4.76 5.86

Total 34.45 43.52

Approved Projection: (Rs. In Crores) Sr.No Particulars 2023-24 2024-25 2025-26 2026-27 2027-28 Total 1. FOB Value of exports 12.00 14.40 18.00 22.50 28.35 95.25 2. Foreign Exchange outgo 1.42 0.74 0.92 1.16 1.45 5.69 3. Net Foreign Exchange 10.58 13.66 17.08 21.34 26.90 89.56

Proposed Projection: (Rs. In Crores) Sr.No Particulars 2023-24 2024-25 2025-26 2026-27 2027-28 Total 1. FOB Value of exports 12.00 15.96 21.39 28.87 39.02 117.24 2. Foreign Exchange outgo 1.42 0.82 1.09 1.48 1.98 6.79 3. Net Foreign Exchange 10.58 15.14 20.30 27.39 37.04 110.45

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 Benzy Infotech Pvt. Ltd., bearing LOA No. SEEPZ- SEZ/NSPL-SEZ/BIPL/12/2022-23 DATED 09.01.2023 (Original LOA). located at Office No. 16 & 17, Incubation Centre, Ground Floor, located at Tower A, Nalanda Shelter Pvt Ltd – SEZ, Near RGIP-Phase-I, Hinjewadi, Pune-411057. • Date of Commencement: 02.09.2023 • LOA is valid upto: 01.09.2028

• Reason for additional area:

The Unit has submitted that they have established a front-end team File No.S-SEZ-PRO0NSPL/10/2022-JDCP

for software service and consultancy and are now planning to set up a dedicated back-end team for software service and consultancy. To support this expansion, they requested an addition to their current area within the SEZ Unit. Further the unit also informed that this enhancement will facilitate collaboration, enhance productivity, increase employment and ensure the timely delivery of high quality software solutions.

The unit has submitted the following documents with the application: i. Free form request ID – 422400159580 on SEZ On line System ii. Copies of LOA iii.Copy of Form F-3 iv.Copy of Board Resolutions for addition in area and authorized signatory. v. Bond cum Legal Undertaking. vi.Floor layout plan of the current area. vii.Revised floor layout viii.Copy of Form F submitted at the time of setting up of the Unit. ix.Revised Projection Report. x. Letter dated 20.06.2024 from the Developer/letter of intent for additional area. e. ADC Observations: -

• Approval Committee may kindly consider the proposal submitted by the unit for addition of area to the existing operational area with revision in projection in terms of Rule 19(2) of SEZ Rules, 2006.

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File No.S-SEZ-PRO0NSPL/10/2022-JDCP

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: - Proposal dated 20.06.2024 submitted by M/s. PO Lighting India Pvt. Ltd. IT/ITES unit located in Nalanda Shelter Pvt. Ltd., - SEZ for Change in the Board of Directors.

b. Specific Issue on which decision of Approval Committee is required: -Approval of the Committee for Change in Board of Directors, 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 Cessation 1. Mr. Odile Descamps Director

Mr. Gysnendra Kumar Sharma Director 20.05.2024

Proposed List of Board of Director: Sr. No. Name of the Director Designation Date of Appointment

Mr. Odile Descamps Director 06.10.2022 2. Mr. Ratnadeep Narayan Pingale Director 14.05.2024

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.” …

d. Other Information: - • M/s. PO Lighting India Pvt. Ltd., is granted LOA NO. SEEPZ-SEZ/NSPL- SEZ/VLLSPL/10/2022-23/619 dated 30.09.2022 (As amended) is located at Ground Floor, Unit No. 6 & 8th Floor, Unit No. 1 & 2(part), Tower ‘A’, Nalanda Sheter Private Ltd., - SEZ, Rajiv Gandhi Infotech Park –Phase – I, File No.S-SEZ-PRO0NSPL/6/2022-JDCP I/4518/2024 440

Hinjewadi, Pune 411057. • DCP: 23.11.2022 • LOA valid till: 22.11.2027 • The Unit has submitted following documents: Copy of SEZ online application for Change in Directorship. Copy of Board’s Resolution. Copy of Original LOA. Copy of DIR-12 filed with ROC for the resignation of Shri Gyanendra Kumar Sharma and appointment of Mr. Ratnadeep Narayan Pingale. Proposed list of directors. Undertaking in respect of resigning director & in terms of Instruction no. 109 CA/CS certified list of Shareholding pattern before and after change in Director. • The unit has submitted that, there is no change in shareholding pattern • Reason for change in Board of Director:

The unit has submitted that, due to the appointment of Mr. Ratnadeep Narayan Pingale as Director & Cessation of Mr Gyanendra Kumar Sharma, there is change in Board of Directors.

e. 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.

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File No.S-SEZ-PRO0NSPL/6/2022-JDCP I/4518/2024 441