IN FORCE SEZ / EOU / FTWZ 2024-10-11

Agenda for Approval Committee meeting for EOU and SEZ for Pune Cluster scheduled on 15 October 2024. — 09-8-embassy-sez

Document text

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. EMBASSY PUNE TECHZONE PVT. LTD.-SEZ

DATE : 15.10.2024

TIME : 11:00 A.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 15.10.2024

INDEX

Agenda Item No.

Subject

Agenda Item No. 01: - Confirmation of the Minutes of the meeting held on 05.07.2024 Agenda Item No. 02: - Action taken report for the Minutes of the meeting held on 05.07.2024 Agenda Item No. 03: - Application for approval of leasing out built up space for to vendor for setting up canteen facility in SEZ premises. Submitted by M/s. Embassy Pune TechZone Pvt Ltd (Developer) Agenda Item No. 04: - Application for approval of regularization of pantry and cafeteria along with existing food vendor. Submitted by M/s. Mercedes-Benz Research and Development India Pvt. Ltd Agenda Item No. 05: - Application for change in board of directors Submitted by M/s. Mercedes-Benz Research and Development India Pvt. Ltd

Agenda Item No. 06: - Application for approval of change in name of the company and change in Board of Directors. Submitted by M/s. State Street HCL Services (India) Pvt. Ltd.

ममससर एम्मसस पपुम टमकजजो पप्रमट लललमटमड-एसईजमड कम आईटट-आईटटईएस समकटटर कम वरलशि वरशमष आलररक कमत कम ललए कमतस् वरकपस आ्पु ससीप-एसईजमड, मपमुं्ई कक अध्कषप मम 05.07.2024 कज आ्जोजजष अोपमजदो सलमलष कक 96 रसमुं ्बैक कप वररटरु। 1 समप कप ोपम मेससर. एम्बेसी पɸुणेपट ेकज़ोनप्र.पललिलमट ेड-एसईजेड 2 समकटटर आईटट/आईटटईएस 3 ्बैक क 96 रसमुं 4 षपटरटख 05.07.2024

उपसससत सदसय

कमपमुंक ो. ोपम औटर पदोपम (एस/शस.)
वरभपग 1 शसमषस लमषल हहिटरमै समुं्पु वरकपस आ्पु पपुम पपुम कलसटटर एसईजमड, पपुम 2 शस. ककषुदपस ोप्टर, एफटटडटओ, पपुम डटजसएफटट वरभपग सम ोपलमष 3 शसमषस अररोप पटर् सहिप्क आ्पु, आ्कटर वरभपग आ्कटर वरभपग सम ोपलमष

4 शसमषस सपोसषप जगषपप, अधसकक ससमप शपल्क वरभपग पपुम सम ोपलमष

वविशशष आममंवत्रित

क. ननाम एविमं पदननाम (शश/ शशमतश) वविभनाग 1 शश सतबशर शमनाा वविवनवदाष धधिकनारश ससीप-एसईपमड, पपुणश क्लसटर

एजजडना आइटम नमंबर 01: वदननामंक 30.05.2024 कक आयकधजत 95 विव बबठक कश कनायाविवृत कक पपुवष

  वररपटर-वरमशर कम ्पद, सलमलष ोम 30.05.2024 कज आ्जोजजष 95 रसमुं अोपमजदो सलमलष कक ्बैक

कम कप्रकत कक पपवि कक।

File No.S-SEZ-MINS0EPTP/1/2022-JDCP I/4581/2024 392

एजेडरपआइट मपनंबरप02: मेससरपकैलससॉट प्रइवेट पललिलमट ेडपकेपɸरफसमरसपकरपमोननटटंग।

वविचनार-वविमशा कश बनाद, सवमवत नश एसईजशड वनयम, 2006 कश वनयम 54 कश नपुसनार, पहलश ब्ललॉक विधधि कश ववित विषा 2019-20 सश 2022-23 तक, यनावन 4 विषा कश धलए ययवनट कश परफलॉमरमंस कक नकट वकयना। • ययवनट नश पहलश ब्ललॉक विधधि कश ववित विषा 2022-23 मज समंचयश आधिनार पर 197.12 करकड रुपयश कश नपुमनावनत वनयनाात कश मपुकनाबलश 147.77 करकड रुपयश कना वनयनाात हनाधसल वकयना हब। • ययवनट नश पहलश ब्ललॉक विधधि कश ववित विषा 2022-23 मज समंचयश आधिनार पर 139.44 करकड रुपयश यनानश 94.36% कना सकनारनात्मक एन.एफ.ई (नशट वविदशश मयल्य (हनाधसल वकयना हब।

• ययवनट नश 206 कमाचनाारयय (पपुरुष-147, मवहलना-59) कक रकजगनार वदयना।

्सकम अलपरप, सलमलष ोम पप्प हिब हक, ्यूलोट ोम ोसरम ्षपए अोपसपटर डटटटए व्कक कक हिब औटर आईएोआटर मम भपगषपो पपप हक्प हिब।

(Rs. In Crores)

Financial Year DTA sales Value 2019-20 2.95 2020-21 19.03 2021-22 24.67 2022-23 25.35 Total 72.00

एसईजमड अलधलो्म, 2005 कक धपटरप 2 (जमड) मम दट गई परटरभपषप कम अोपसपटर आईएोआटर कम मपकप्लम डटटटए मम "समरपएमुं" पदपो कटरोप 'समरपओमुं' कम रप मम ्जग् ोहिटमुं हिब, ्यूलोट ोम एसईजमड अलधलो्म औटर लो्ममो कम पपरधपोमो कप उल्लमुंघो हक्प हिब औटर ्सललए सलमलष ोम वररपटर-वरमशर कम ्पद, एसईजमड अलधलो्म/लो्ममो कम पपरधपोमो कम उल्लमुंघो औटर वरदमशस व्पपपटर (वरकपस औटर वरलो्मो) अलधलो्म, 1992 कम षहिष ्कपई कम ोजखलपफ कपटररपई शपर कटरोम कप लोदरश हद्प ग्प।

्सकम अलपरप, ्कपई कज भवरष् मम ्स समपो एसईजमड अलधलो्म/लो्ममो कप उल्लमुंघो ोहिटमुं कटरोम कम समुं्मुंध मम ररो पत पसषपष कटरोम कप लोदरश हद्प ग्प हिब।

अध्क कज ध््रपद जपपो कम सपर ्बैक समपप हिपई।

Minutes of the 96th Meeting of the Approval Committee held under the File No.S-SEZ-MINS0EPTP/1/2022-JDCP I/4581/2024 393

Chairmanship of Zonal Development Commissioner SEEPZ-SEZ, Mumbai for Sector Specific Special Economic Zone for IT/ITES of M/s. Embassy Pune TechZone Pvt. Ltd.-SEZ, Pune, held on 05.07.2024. 1 Name of the SEZ M/s. Embassy Pune TechZone Pvt. Ltd.-SEZ 2 Sector IT/ITES 3 Meeting No. 96th 4 Date 05.07.2024

Members present

Sr Name and Designation (S/Shri.) Department 1 Smt. Mital Hiremath Joint Development Commissioner Pune Cluster SEZ, Pune 2 Shri. Krishnadas Nair FTDO Nominee of DGFT, Pune 3 Smt. Archana Parab Asst. Commissioner, IT Nominee of Income Tax, Pune 4 Smt. Sunita Jagtap Superintendent Nominee of Customs, Pune

Special Invitee

Sr Name and Designation Department 1 Shri Satbir Sharma, Specified Officer SEEPZ-SEZ, Pune Cluster

Agenda Item No.01: Confirmation of Minutes of the 95th meeting held on 30.05.2024

After deliberation, the Committee confirmed the minutes of the 95th Approval Committee meeting held on 30.05.2024

Agenda Item No. 02: Monitoring of Performance for M/s. CalSoft Pvt Ltd.

After deliberation, the committee noted the performance of the unit for 4 years i.e., from FY 2019-20 to 2022-23 of 1st Block period, in terms of Rule 54 of SEZ Rules, 2006. As detailed below:

• The unit has achieved export of Rs.147.77 Cr against the projected export of Rs. 197.12 Cr in FY 2022-23 on cumulative basis. • The unit has achieved NFE of Rs. 139.44 Cr i.e, 94.36% in FY year 2022-23 on cumulative basis. • The unit has achieved employment of 206 employees (Men-147, Women-59)

Further, the committee has observed that, the unit has made DTA sale as detailed below and received payment in INR.:

                                                               (Rs. In Crores)

File No.S-SEZ-MINS0EPTP/1/2022-JDCP I/4581/2024 394

Financial Year DTA sales Value 2019-20 2.95 2020-21 19.03 2021-22 24.67 2022-23 25.35 Total 72.00

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 provisions of SEZ Act / Rules and under Foreign Trade (Development and Regulation) Act, 1992.

Further, the unit has been directed to submit the undertaking regarding, not violating same SEZ Act/ Rules in future.

Meeting ended with a vote of thanks to the Chair.

(ज्ञरनेश्ववरपबी .पɸरट ीलि, आईएएस) (Dnyaneshwar B. Patil, IAS) अध्यक एवंपववकरसपआयुक् Chairman-cum- Development Commissioner

File No.S-SEZ-MINS0EPTP/1/2022-JDCP I/4581/2024 395

ACTION TAKEN REPORT FOR THE APPROVAL COMMITTEE MEETING HELD ON 05.07.2024 IN RESPECT OF M/S. EMBASSY PUNE TECHZONE PVT LTD-SEZ APPROVED ON 11.07.2024

Name of the Unit Subject Action Taken M/s. Calsoft Pvt Ltd. Monitoring of Performance
Approval Letter issued to the unit on
on 16.07.2024

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

AGENDA NOTE FOR CONSIDERATION OF THE APPROVAL COMMITTEE

a. Proposal:

Proposal dated 23.08.2024 submitted on 26.08.2024 by M/s. Embassy Pune TechZone Pvt. Ltd-SEZ (Developer). located Hinjewadi, Pune-411 057, for approval to lease out the built-up space to vendor for setting up canteen facility in SEZ premises. b. Specific issue on which decision of Approval Committee is required: Approval of the committee to lease out the built-up space to vendor for setting up canteen facility in SEZ premises, as detailed below, in terms of Rule 11 (5) of SEZ Rules, 2006, as detailed below:

Name of the Vendor Activity Location Area. M/s. Devyani International Ltd To operate and provide the food facility 1st Floor, RIO Grande, Food Court building, Embassy Pune TechZone Pvt Ltd-SEZ 150 Sq.ft. c. Relevant Provision: As per 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 centres, creche and such other facilities as may be required for the exclusive use of the Unit.

d. Other information:

M/s. Embassy Pune TechZone Pvt. Ltd., located at Plot No.03, Rajiv Gandhi Infotech Park, Phase-II, Hinjewadi, Pune-411 057 India has been granted Formal Approval bears No. F.2/365/2006-SEZ dated 25.06.2007

SEEPZM-SSEZ0PROF(EPTP)/9/2024-O/o JDCP-SEEPZ SEZ I/69589/2024

Further, The Developer has submitted that: The services will be utilized by the employees of the units and developer in SEZ premises. A retail operator/ vendor will not avail any direct or indirect tax benefits available under the SEZ scheme. There will be live cooking in above mentioned premises. All necessary licenses and safety measures will be adhered to as required by authorities.

The Developer has enclosed following document: Online Application No. 422400269723 Letter of Intent dated 22.07.2024 Embassy Pune TechZone Pvt Ltd. Space availability confirmation letters dated 23.08.2024 Copy of Fire NOC Approval dated 09.02.2019 Copy of Form B dated 01.07.2024 FSSAI license dated 20.03.2024 e. ADC’s observation:

The approval committee may kindly consider the proposal of the Developer for approval to lease out the built up space to vendor for setting up canteen facility in SEZ premises, in terms of Rule 11 (5) of SEZ Rules, 2006. SEEPZM-SSEZ0PROF(EPTP)/9/2024-O/o JDCP-SEEPZ SEZ I/69589/2024

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

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a. Proposal: - Proposal dated 13.08.2024 submitted by M/s. Mercedes-Benz Research and Development India Pvt. Ltd. an IT/ITES unit located in M/s. Embassy Pune TechZone Pvt. Ltd- SEZ for regularization of pantry and cafeteria along with existing food vendor. b. Specific Issue on which decision of Approval Committee is required: - Approval of the Committee for regularization of pantry and cafeteria along with existing food vendor, in terms of para 3 of Instruction No.95 dated 11.06.2019, as detailed below:

Location Cafeteria/Pantry Area (Sq.ft.) 7th Floor, Wing-A & B Building Congo, Block 1.3, Pune Embassy Pune TechZone Pvt Ltd-SEZ Cafeteria 11500 Pantry 700 c. Relevant provisions: - As per para 3 of Instruction No.95 dated 11.06.2019 ‘3. The issue was examined in this department and with the approval of competent authority, it is conveyed that the same could be allowed subject to the following conditions. The facilities as envisaged under the proviso to Rule 11(5) of the SEZ Rules could also be created by a Unit for its exclusive use subject to obtaining a NOC from the Developer as well as necessary NOCs/ clearances/approvals from the relevant statutory authorities. The units shall not be eligible for any exemptions, drawback, concessions or any other benefits available under Section 7 or Section 26 of SEZ Act, for creating of operating such facilities. d. Other Information: - M/s. Mercedes-Benz Research and Development India Pvt Ltd. has been granted LOA No. SEEPZ-SEZ/PEPPL-SEZ/MBRDIPL/18/2014-15/5297 dated 25.03.2015 Location of the Unit: 4th to 6th Floor, Wing B, 7th Floor Wing A & B, Building Congo, Block 1.3, Embassy Pune TechZone Pvt Ltd-SEZ, Rajiv Gandhi Infotech Park, Hinjewadi, Phase-II, Pune-411057 Date of commencement of authorized operation: 01.07.2015 LOA valid up to: 30.06.2025 In support of the above unit has submitted the following documents: SEZ online application Floor layout with highlighted area at 7th Floor Fire NOC in name of the unit dated 23.08.2024 Photograph of Cafeteria set up at 7 th Floor, NOC from the Developer Undertaking for not availing any duty benefit for said cafeteria under SEZ Act and SEEPZM-SSEZ0PROF(EPTP)/1/2024-O/o JDCP-SEEPZ SEZ I/69571/2024

Rules .

Further, vide letter dated 10.09.2024 the specified officer has submitted as following:

  1. The SEZ Unit have already set up the Cafeteria in SEZ unit on the 6th Floor, however, due to change in floor plan, their management has proposed to move the Cafeteria from 6th floor to 7th Floor. In this regard, they have not availed any exemptions for the equipment located in the Cafeteria. List of all such equipment located in the Cafeteria along with details of procurement of the same is also attached herewith for ready reference
  2. There is no live cooking activity carried out in the Cafeteria premises.
  3. The Unit is using electric food heating equipment like Microwave Oven and Bain-Marie to serve hot and healthy food to the employees
  4. The SEZ Unit have already setup the Cafeteria in SEZ Unit on the 6th Floor, however, due to change in floor plan, their management has proposed to move the Cafeteria from 6th floor to 7th Floor.
  5. The SEZ Unit have not procured any duty-free goods for the equipment installed at Cafeteria
  6. Details of Invoices for procurement of duty paid goods along with value and duty involved is attached herewith in Annexure-1.
  7. The unit has not taken any duty-free Services for the Cafeteria.
  8. Details of invoices for procurement of duty paid Services along with value and duty involved is attached herewith in Annexure-2.

ADC’s observation:
The approval committee may kindly consider the proposal for regularization of pantry and cafeteria along with existing food vendor, in terms of para 3 of Instruction No.95 dated 11.06.2019 issued by MOC&I

SEEPZM-SSEZ0PROF(EPTP)/1/2024-O/o JDCP-SEEPZ SEZ I/69571/2024

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

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a. Proposal: Proposal dated 12.09.2024 submitted by M/s. Mercedes-Benz Research and Development India Pvt. Ltd., located at Embassy Pune TechZone Pvt. Ltd.-SEZ, for approval of Change in 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, issued by MOC&I. as detailed below:

List of existing Board of Directors:

Sr. No Name of Directors Designation Appointment Date 1. Manu Ramachandra Saale CEO and Managing Director 03.03.2012 2. Mahesh Nandkumar Medhekar Wholetime Director 05.12.2017 3. Torsten Eder Director 23.09.2022 4. Sven Magnus Obsterg Director 23.09.2022 5. Ulf Nestler Director 03.08.2023

Proposed list of Board of Directors:

Sr. No Name of Directors Designation Appointment Date 1. Manu Ramachandra Saale CEO and Managing Director 03.03.2012 2 Mahesh Nandkumar Medhekar Wholetime Director 05.12.2017 3. Torsten Eder Director 23.09.2022 4. Sven Magnus Obsterg Director 23.09.2022 5. Ulf Nestler Director 03.08.2023 6. Katrin Leh-mann Director 26.06.2024 c. Relevant provisions: Instruction no. 109 dated 18.10.2021 issued in supersession of Instruction No. 89 SEEPZM-SSEZ0PROF(EPTP)/1/2024-O/o JDCP-SEEPZ SEZ I/69931/2024

& 90 dated 17.05.2018, 03.08.2018 respectively, issued by SEZ Section, Department of Commerce and Industry, Government of India,

“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 re- organization.” d. Other Information: M/s. Mercedes-Benz Research and Development India Pvt. Ltd. Company was granted LOA No.SEEPZ-SEZ/PEPPL-SEZ/MBRDIPL/18/2014-15/5297 dated 25.03.2015 Location: 4th to 6th Floor, Wing B, Congo Building, Block 1.3, Embassy Pune TechZone Pvt. Ltd.-SEZ, Plot No. 03, RGIP, Hinjewadi, Phase-II, Pune-411 057 DCP: 01.07.2015 LOA valid upto: 30.06.2025 Reason for change in Board of Directors.: The unit has informed that, Katrin Leh-mann has been appointed as Director on 26.06.2024, hence there is a change in Board of Directors. The Unit has submitted the following documents with the application: Undertaking for following terms and conditions of Instruction No. 109 DIR-12 of Katrin Lehman

e. ADC observation: The approval committee may kindly consider the proposal for change in Board of directors, in terms of Instruction No. 109 dated 18.10.2021, issued by MOC&I

SEEPZM-SSEZ0PROF(EPTP)/1/2024-O/o JDCP-SEEPZ SEZ I/69931/2024

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

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a. Proposal: - Proposal dated 07.10.2024 by M/s. State Street HCL Services (India) Pvt Ltd., IT/ITES unit located in Embassy Pune TechZone Pvt Ltd.-SEZ, for Change in Name of the Company and Change in Board Of Directors.

b. Specific Issue on which decision of Approval Committee is required: - Approval of the Committee for Change in Name of the Company and Change in Board of Directors , in terms of Instruction No. 109 dated 18.10.2021, as detailed below:

Previous Name of the Unit New Name of the Unit M/s State Street HCL Services (India) Pvt Ltd. M/s. State Street Corporate Services Delhi Pvt Ltd

Reason for change in name of the Company: The unit has submitted that, the name change was influenced by the change in the Shareholding pattern of its immediate parent entity,i.e State street HCL Holdings (UK) Limited. Due to exit of HCL investement UK from Statestreet HCL Holdings (UK) Limited, the holding company changed its name from Statestreet HCL Holdings (UK) Limited to State street holdings (UK) Limited ,Accordingly the applicant company being 100% subsidiary of State street holdings (UK) Limited changed its name from Statestreet HCL Services (India) Pvt Ltd to State Street Corporate Services Delhi Private Limited. The new certificate of incorporation consequent upon conversion of StateStreet Corporate Services Delhi Pvt Ltd has been issued by the Registrar of Companies vide dated 10.07.2024. Change in Board Of Directors List of Existing Board Of Directors Name of Director Designation Date of Ceasation Rahul Singh Director 01/04/2024 Prahlad Rai Bansal Director 24/02/2021 Subramanian Goapalakrishnan Director 27/01/2022 John Lehner Director 29/01/2021 Elizabeth Patricia Franson Director 24/09/2018 Aunoy Banerjee Director 27/03/2024 David Patrick Keohane Director 01/08/2024 Samuel Michael Brager Director 15/10/2021 Ganesh Kumar Ramkumar Director 22/02/2022

List of Proposed Board Of Directors SEEPZM-SSEZ0PROF(EPTP)/10/2024-O/o JDCP-SEEPZ SEZ I/71623/2024

Name of Director Designation Date of Appointment Jeremy Scott Kream Additional Director 16/02/2024 Colin Russell Mcardle Additional Director 21/03/2024 Arindam Banerjee Additional Director 14/11/2023 Alok Maheshwary Additional Director 22/05/2024 Hariharan Manikandan Additional Director 03/07/2024 Clair Wiliams Additional Director 03/07/2024

Reason for Change in Board Of Directors:

The unit has submitted that, due to the Resignation & Appointment of Directors, there is change in Board of Directors.

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. State Street HCL Services (India) Pvt Ltd.. is granted LOA No. SEEPZ- SEZ/PEPPL-SEZ/SSHSIPL/26/2019-20 dated 02.05.2019 located 3 rd to 6th Floor, Mekong Building, Embassy Pune TechZone Pvt Ltd.-SEZ, RGIP, Phase-II, Hinjawadi, Pune-411 057. DCP: 01.12.2019 LOA valid till: 30.11.2024 unit has submitted that, there is no change in shareholding pattern in their unit due to change in board of directors and Change in Name of the Company. The Unit has submitted following documents: The unit has submitted that, the name change was influenced by the change in the Shareholding pattern of its immediate parent entity,i.e State street HCL Holdings (UK) Limited.Due to exit of HCL investement UK from Statestreet HCL Holdings (UK) Limited,the holding company changed its name from Statestreet HCL Holdings (UK) Limited to State street holdings (UK) Limited ,Accordingly the applicant company being 100% subsidiary of State street holdings (UK) Limited changed its name from Statestreet HCL Services (India) Pvt Ltd to State Street Corporate Services Delhi Private Limited. The new certificate of incorporation consequent upon conversion of StateStreet Corporate Services Delhi Pvt Ltd has been issued by the Registrar of Companies vide dated 10.07.2024. Due to various reasons, previous directors have been changed and they came to know this information from their Secretary Department very recently & they were unable to inform the change in directors at the time of their resignation . Further, they are sincerely apologizing for delay informing the updated list of Directors to this office. SEEPZM-SSEZ0PROF(EPTP)/10/2024-O/o JDCP-SEEPZ SEZ I/71623/2024

Copy of Original Letter of Approval A Copy of Board resolution for appointment and resignation of directors Copy of Form No. DIR-12 for Appointment of Director with ROC along with its challan Copy of Form No. DIR-12 for Resignation of Director with ROC along with its challan CA Certified Shareholding pattern before and after change in name of the Comapany Copy of List of Directors before and after change in composition of Board of Directors Copy of Undertaking regarding Personal liability arising if any, against resigning director Copy of undertaking in term of Instruction No. 109 Copy of Certificate Of Incorporation after Change of Name. Copy of the PAN Card with New name of the Entity.

e. ADC’s Observations:

Approval Committee may kindly condone the delay for intimating change in board of directors and consider the proposal of the unit for Change in Board of Director and Change in Name of the Entity in terms of Instruction no. 109 issued by MOC&I.

SEEPZM-SSEZ0PROF(EPTP)/10/2024-O/o JDCP-SEEPZ SEZ I/71623/2024

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