IN FORCE SEZ / EOU / FTWZ 2025-03-18

Agenda for Approval Committee for SEZ Pune Cluster scheduled on 21 March 2025. — 04-3-eon-i

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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 I.

DATE : 21.03.2025

TIME : 10:30 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 21.03.2025 INDEX

Agenda Item No.

Subject Agenda Item No. 01 :- Confirmation of the Minutes of the meeting held on 21.02.2025 Agenda Item No. 02 :- Action taken report for the Minutes of the meeting held on 21.02.2025 Agenda Item No. 03 :- Monitoring of Performance for M/s. LTIMindtree Limited Agenda Item No. 04 :- Monitoring of Performance for M/s. Mphasis Limited Agenda Item No. 05 :- Application for Change in Board of Directors submitted by M/s. Cognizant Technology Solutions India Pvt. Ltd
Agenda Item No. 06 :- Application for Change in Board of Directors of submitted by M/s. Tietoevry Fintech India Pvt. Ltd Agenda Item No. 07 :- Application for Change in Name and Proposed List of Directors submitted by M/s.Credit Suisse Services (India) Private Limited

मैसस ईओएन खराडी इंाचर ा. लमटेड-चरण- I एसईजेड, खराड़ी, पुणे, के आईट"-आईट"ईएस सेटर के #वश& #वशेष आ(थक +े, के लए +े,ीय #वकास आयु. सी/ज़-एसईजेड, मुंबई क2 अ4य+ता म6 21.02.2025 को आयो8जत अनुमोदन सम#त क2 125व: बैठक का #ववरण�1 एसईजेड का नाम मैसस.ईओएन खराडी इंाचर ा. लमटेड-एसईजेड, चरण I 2 +े, आईट"/आईट"ईएस 3 मी<टग नं 125 वी 4 तारीख 21.02.2025

उप?थत सदय: @. नाम और पदनाम (एस/Bी.)
#वभाग 1 Bीमती मतल #हरेमठ संयु. #वकास आयु. पुणे लटर एसईजेड, पुणे 2 Bीमती अचना परब, सहायक आयु., आयकर #वभाग आयकर #वभाग से नामत 3. Bी संजीव पाEटल, उFोग अधकारी महाराH सरकार से नामत 4. Bी बालासाहेब कुकडे, उप-+े,ीय अधकारी महाराH Iषण #नयं,ण बोड से नामत 5. Bीमती पुJपा गंगावणे, एफट"डीओ पुणे डीजीएफट" #वभाग से नामत 6 Bी धवल एस शकL , अधी+क सीमा शुMक #वभाग पुणे नामत #वशेष आमं#,त : @. नाम एवं पदनाम(Bी/ Bीमती) #वभाग 1 Bी. शNभू दयाल मीना, #व#नPद*& अधकारी सी/ज़-एसईज़ेड, पुणे लटर

एज6डा आइटम नंबर 01: Eदनांक 17.01.2025 को आयो8जत 124 व: बैठक के कायवृR क2 पु#& #वचार#वमश के बाद, सम#त ने 17.01.2025 को आयो8जत अनुमोदन सम#त क2 124 व: बैठक के कायवृR क2 पु#& क2� एज6डा आइटम नंबर 02: 17.01.2025 को आयो8जत बैठक के कायवृR के लए क2 गई कारवाई Sरपोट�#वचार-#वमश के बाद, सम#त ने 17.01.2025 को आयो8जत बैठक के लए क2 गई कारवाई Sरपोट नोट क2 है�
एज6डा आइटम नंबर 03: मैसस सीए इंडया टेनोलॉजीज ा. ल. के दशन क2 #नगरानी � #वचार-#वमश के बाद, सम#त ने एसईजेड #नयम, 2006 के #नयम 54 के संदभ म6, थम Uलॉक अवध के #वR वष 2019-20 से #वR वष 2023-24 तक 5 वषV के लए इकाई के दशन को नोट #कया� जैसा #क नीचे बताया गया है: यू#नट ने #वR वष 2023-24 म6 संचयी आधार पर 2566.64 करोड़ Wपये के अनुमा#नत #नयात के मुकाबले 3015.91 करोड़ Wपये का #नयात हासल #कया है�यू#नट ने #वR वष 2023-24 म6 संचयी आधार पर 3001.03 करोड़ Wपये यानी 99.51 % का सकाराXमक एन.एफ.ई (नेट #वदेशी मूMय( हासल #कया है�यू#नट ने थम Uलॉक अवध म6 अनुमा#नत रोजगार 1150 के मुकाबले 477 कमचाSरयY (पुWष-400, म#हला-77) का रोजगार हासल #कया है�सम#त ने यू#नट को रोजगार बढ़ाने का #नदLश Eदया�एज6डा आइटम नंबर 04: मेसस [लोबल आडवPटसम6ट स\वसेज ा. ल. � के दशन क2 #नगरानी #वचार-#वमश के बाद, सम#त ने एसईजेड #नयम, 2006 के #नयम 54 के संदभ म6 Iसरे Uलॉक अवध के अं#तम वष यानी #वR वष 2019-20 और तीसरे Uलॉक अवध के पहले चार वषV यानी #वR वष 2020-21 से 2023-24 के लए इकाई के दशन को नोट #कया� जैसा #क नीचे बताया गया है:

यू#नट ने 110.93 करोड़ Wपये के अनुमा#नत #नयात के मुकाबले 92.81 करोड़ Wपये का #नयात हासल #कया है और 366.21 करोड़ Wपये का सकाराXमक एनएफई हासल #कया है, जो #वR वष 2015-16 से 2019-20 क2 अवध के दौरान Iसरे Uलॉक अवध के अं#तम वष यानी #वR वष 2019-20 म6 संचयी आधार पर 98.92% है� यू#नट ने 288.57 करोड़ Wपये के अनुमा#नत #नयात के मुकाबले 369.79 करोड़ Wपये का #नयात हासल #कया है और 354.44 करोड़ Wपये का सकाराXमक एनएफई हासल #कया है, जो #वR वष 2020-21 से 2024-25 क2 अवध के दौरान तीसरे Uलॉक अवध के चार वषV यानी #वR वष 2020-21 से 2023-24 म6 संचयी आधार पर 95.84% है� यू#नट ने 1250 के अनुमा#नत रोजगार के मुकाबले 699 कमचाSरयY (पुWष-495, म#हला-204) का रोजगार हासल #कया है�सम#त ने यू#नट को रोजगार बढ़ाने का #नदLश Eदया�एज6डा आइटम नंबर 05: मेसस @ेडट सुइस स\व*सेज इंडया ा. ल. के दशन क2 #नगरानी �#वचार-#वमश के बाद, सम#त ने 4 Uलॉक अवध यानी #वRीय वष 2007-08 से #वRीय वष 2023-24 के लए इकाई के दशन को नोट #कया�.

#वRीय वष 2007-08 से #वRीय वष 2011-12 तक थम Uलॉक अवध के 5 वष
#वR वष 2012-13 से #वR वष 2016-17 तक Iसरे Uलॉक अवध के 5 वष
#वR वष 2017-18 से #वR वष 2021-22 तक तीसरे Uलॉक अवध के 5 वष
#वR वष 2022-23 से #वR वष 2023-24 तक चौथे Uलॉक अवध के 2 वष, एसईजेड #नयम, 2006 के #नयम 54 के संदभ म6� जैसा #क नीचे बताया गया है:

यू#नट ने 1847.13 करोड़ Wपये के अनुमा#नत #नयात के मुकाबले 1823.88 करोड़ Wपये का #नयात हासल #कया है और 808.77 करोड़ Wपये का सकाराXमक एनएफई हासल #कया है, जो पहले Uलॉक अवध यानी #वRीय वष 2007-08 से 2011-12 तक संचयी आधार पर 44.36% है�यू#नट ने 6301.07 करोड़ Wपये के अनुमा#नत #नयात के मुकाबले 7832.38 करोड़ Wपये का #नयात हासल #कया है और 3934.35 करोड़ Wपये का सकाराXमक एनएफई हासल #कया है, जो #वR वष 2012-13 से 2015-16 तक Iसरे Uलॉक अवध म6 संचयी आधार पर 50.23% है�यू#नट ने 11267.56 करोड़ Wपये के अनुमा#नत #नयात के मुकाबले 8430.30 करोड़ Wपये का #नयात हासल #कया है और 7138.10 करोड़ Wपये का सकाराXमक एनएफई हासल #कया है जो तीसरे Uलॉक अवध यानी #वR वष 2016-17 से 2021-22 म6 संचयी आधार पर 84.67% है� यू#नट ने 3480.18 करोड़ Wपये के अनुमा#नत #नयात के मुकाबले 3019.45 करोड़ Wपये का #नयात राजव हासल #कया है और 2673.03 करोड़ Wपये का सकाराXमक एनएफई हासल #कया है, जो चौथे Uलॉक अवध के पहले 2 वषV यानी #वR वष 2022-23 और 2023-24 म6 संचयी आधार पर 88.53% है�यू#नट ने अनुमा#नत रोजगार 5484 के मुकाबले 3487 कमचाSरयY (पुWष-2022, म#हला-1465) का रोजगार हासल #कया है�यू#नट को कैफेटेSरया था#पत करने के लए ा/त सभी शुMक/कर लाभY का भुगतान करना होगा और कैफेटेSरया को #नयमत करने के लए यूएसी (UAC) से अनुमोदन ा/त करने हेतु एक आवेदन जमा करना होगा �अ4य+ को ध^यवाद _ापन के साथ बैठक समा/त `ई� Minutes of the 125th 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 M/s. EON Kharadi Infrastructure Pvt. Ltd.–Phase-I SEZ, Kharadi, Pune, held on 21.02.2025

1 Name of the SEZ M/s. EON Kharadi Infrastructure Pvt. Ltd.-SEZ, Phase I 2 Sector IT/ITES 3 Meeting No. 125th Meeting 4 Date 21.02.2025

Members present: Sr No. Name and Designation(S/Shri.) Department 1 Smt. Mital Hiremath Joint Development Commissioner Pune Cluster SEZ, Pune 2 Shri. Sanjeev Patil, Industries Officer Nominee of Govt. of Maharashtra 3 Smt. Archana Parab, Asst. Commissioner, IT Nominee of Income Tax, Pune 4 Shri.Balasaheb Kukade,
Sub- Regional Officer Nominee of Maharashtra Pollution Control Board 5 Smt. Pushpa Gangawane. FTDO Nominee of DGFT, Pune 6 Shri. Dhaval S Shirke, Superintendent Nominee of Customs, Pune Special Invitee: Sr Name and Designation Department 1 Shri. Shambhu Dayal Meena Specified Officer SEEPZ-SEZ, Pune Cluster

Agenda Item No.01: Confirmation of the Minutes of the 124th meeting held on 17.01.2025

After deliberation, the Committee confirmed the minutes of the 124th meeting of Approval Committee held on 17.01.2025.

Agenda Item No.02: Action taken report for the minutes of the meeting held on 17.01.2025. After deliberation, the Committee has noted the Action taken report for the meeting held on 17.01.2025. Agenda Item No.03: Monitoring of Performance for M/s. CA India Technologies Pvt. Ltd. After deliberation, the committee noted the performance of the unit for 5 years from FY 2019-20 to FY 2023-24 of 1st Block period., in terms of Rule 54 of SEZ Rules, 2006. As detailed below:

The Unit has achieved export revenue of Rs. 3015.91 Crores as against the projected export of Rs. 2566.64 Crores on cumulative basis in FY 2023-24. The unit has achieved positive NFE of Rs. 3001.03 Crores i.e., 99.51% on cumulative basis in FY 2023-24. The unit has achieved employment of 477 employees (Men-400, Women-77) against the projected employment of 1150 in the 1st block period. The Committee directed the Unit to increase the employment.

Agenda Item No.04: Monitoring of Performance for M/s. Global Advertisement Services Pvt. Ltd. After deliberation, the committee noted the performance of the unit for Last year of 2nd Block period i.e. FY 2019-20 and first four Years of 3rd Block Period i.e. FY 2020-21 to 2023-24., in terms of Rule 54 of SEZ Rules, 2006. As detailed below:

The Unit has achieved export revenue of Rs. 92.81 Crores as against the projected export of Rs. 110.93 Crores and achieved positive NFE of Rs. 366.21Crores which is 98.92 % on cumulative basis in Last year of 2nd Block period i.e. FY 2019-20 during the period FY 2015-16 to 2019-20. The Unit has achieved export revenue of Rs. 369.79 Crores as against the projected export of Rs. 288.57 Crores and achieved positive NFE of Rs. 354.44 Crores which is 95.84% on cumulative basis in Four Years of 3rd Block Period i.e. FY 2020-21 to 2023-24 during the period FY 2020-21 to 2024-25. The unit has achieved employment of 699 employees (Men-495, Women-204) against the projected employment of 1250. The Committee directed the Unit to increase the employment. Agenda Item No.05: Monitoring of Performance for M/s. Credit Suisse Services India Pvt. Ltd. After deliberation, the committee noted the performance of the unit for 4 Block Periods i.e. FY 2007-08 to FY 2023-24. 5. 5 years of 1st Block Period from FY 2007-08 to FY 2011-12 6. 5 years of 2nd Block Period from FY 2012-13 to FY 2016-17 7. 5 years of 3rd Block Period from FY 2017-18 to FY 2021-22 8. 2 years of 4th Block Period from FY 2022-23 to FY 2023-24, in terms of Rule 54 of SEZ Rules, 2006. As detailed below:

The Unit has achieved export revenue of Rs. 1823.88 Crores as against the projected export of Rs. 1847.13 Crores and achieved positive NFE of Rs. 808.77 Crores which is 44.36 % on cumulative basis in 1st Block Period i.e. FY 2007-08 To 2011-12. The Unit has achieved export revenue of Rs.7832.38 Crores as against the projected export of Rs. 6301.07 Crores and achieved positive NFE of Rs. 3934.35 Crores which is 50.23% on cumulative basis in 2nd Block Period i.e. FY 2012-13 To 2015-16. The Unit has achieved export revenue of Rs.8430.30 Crores as against the projected export of Rs. 11267.56 Crores and achieved positive NFE of Rs. 7138.10 Crores which is 84.67% on cumulative basis in 3rd Block Period i.e. FY 2016-17 To 2021-22. The Unit has achieved export revenue of Rs.3019.45 Crores as against the projected export of Rs. 3480.18 Crores and achieved positive NFE of Rs. 2673.03 Crores which is 88.53% on cumulative basis in first 2 years of 4th Block Period i.e. FY 2022-23 and 2023-24. The unit has achieved employment of 3487 employees (Men-2022, Women-1465) against the projected employment of 5484. The Unit is required to submit an application for regularizing the cafeteria for approval of UAC. Unit also need to pay all the duty /tax benefits availed for setting up for cafeteria. Meeting ended with a vote of thanks to the Chair.

(_ानेaर बी. पाट"ल, आईएएस) (Dnyaneshwar B. Patil, IAS) अ4य+ एवं #वकास आयु. Chairman-cum- Development Commissioner

signaturerectangle-1-186 Digitally signed by Dnyaneshwar Bhalchandra Patil Date: 2025.02.27 15:46:56 IST % DSUnknown q 1 G 1 g 0.1 0 0 0.1 9 0 cm 0 J 0 j 4 M []0 d 1 i 0 g 313 292 m 313 404 325 453 432 529 c 478 561 504 597 504 645 c 504 736 440 760 391 760 c 286 760 271 681 265 626 c 265 625 l 100 625 l 100 828 253 898 381 898 c 451 898 679 878 679 650 c 679 555 628 499 538 435 c 488 399 467 376 467 292 c 313 292 l h 308 214 170 -164 re f 0.44 G 1.2 w 1 1 0.4 rg 287 318 m 287 430 299 479 406 555 c 451 587 478 623 478 671 c 478 762 414 786 365 786 c 260 786 245 707 239 652 c 239 651 l 74 651 l 74 854 227 924 355 924 c 425 924 653 904 653 676 c 653 581 602 525 512 461 c 462 425 441 402 441 318 c 287 318 l h 282 240 170 -164 re B Q

Action Taken for Approval Committee held on 21-02-2025 Agenda Item No. Subject Remarks Agenda Item No. 01 Confirmation of the Minutes of the 1st Meeting held on 17-01-2025 The Committee confirmed the minutes of last Approval Committee meeting held on 17-01-2025 Agenda Item No. 02 Application for Monitoring of Performace(M/s. CA India Technologies Pvt. Ltd.) Approval letter issued on 27.02.2025 Agenda Item No. 03 Application for Monitoring of Performace(M/s. Global Advertisement Services Pvt. Ltd) Approval letter issued on 27.02.2025 Agenda Item No. 04 Application for Monitoring of Performace(M/s. Credit Suisse Services India Pvt. Ltd.) Approval letter issued on 27.02.2025

Year Export F.E. OUTGO Projected Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2022-23 19.96 0.84 0.00 0.00 2.96 1.08 0.02 2023-24 39.92 14.95 0.99 0.25 TOTAL 59.88 15.79 0.00 0.00 2.96 2.07 0.27 GOVERNMENT OF INDIA, OFFICE OF THE DEVELOPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE, GOVT. OF INDIA, ANDHERI (EAST), MUMBAI

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a. Proposal : Monitoring of the performance of M/s. LTIMindtree Limited, an IT/ITES unit located at EON Kharadi Infrastructure Pvt. Ltd., Phase – I, for first 2 years of 1st Block period i.e. FY 2022-23 and 2023-24. b. Specific Issue on which decision of AC is required: - Monitoring of the performance of the unit for first 2 years of 1st Block period i.e. FY 2022-23 and 2023-24. during Period (FY 2022-23 to FY 2026-27). in terms of Rule 54 of SEZ Rules, 2006. c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/ Notification :- 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”. d. Other Information: - Approved Projections: (Rs. in Crores) 2022-23 2023-24 2024-25 2025-26 2026-27 Total FOB Value of Exports 19.96 39.92 59.88 79.83 79.83 279.42 FE Outgo 2.84 3.10 4.50 6.20 5.89 22.53 NFE 17.12 36.82 55.38 73.64 73.94 256.90 Performance as compared to projections: (Rs. in Crores) Cumulative NFE achieved: (Rs. in Crores) Year Cumulative NFE Achieved Cumulative % NFE Achieved 2022-23 0.71 84.41% 2023-24 15.20 96.24%

Employment Achievement: Approved Achieved Men 270 171 Women 180 103 Total 450 274 Reason for Less Export and Employment: The unit stated that reason for less export achieved as compared to approved projection is that they were expecting certain big contracts during the year of projections given, but later the contracts were not turned up and there was a short fall in Export/Manpower. LOA No. & Date SEEPZ/EKIPL-SEZ/LTIL/54/2021-22 Dated18.01.2022 Location of Unit 4th Floor, Wing2, Cluster C, EON Free Zone, Plot No.1, S. No. 77, MIDC Kharadi Knowledge Park, EON Kharadi Infrastructure Pvt. Ltd.-SEZ, Phase-I, Kharadi, Pune-411014. Validity of LOA 14.09.2027 Item(s) of manufacture/ Services IT & ITES Date of commencement of production 15.09.2022 Execution of BLUT Rs. 15.71 Crores. Outstanding Rent dues NA Labour Dues NA Validity of Lease Agreement 30/06/2031 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 31.03.2024 274 (Men-171, Women-103) Area allotted (in sq.ft.) 37,900 .Sq.ft Area available for each employee per sq.ft. basis (area / no. of employees) 138.32 Sq.ft Investment till date Building

Plant & Machinery 3.33 Crores 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 The Specified Officers vide letter dated 03.02.2025 and 10.03.2025 has submitted APR verification report

for the FY 2022-23 and 2023-24, in the prescribed which is as detailed below; EXPORT (Rs. In Crores) Year/ Period Figures reported in APR Figures as per Softex/ Customs Records Difference if any Reason for Difference/Remark (1) (2) (3) (4) (5) 2022-23 0.85 0.83 0.02 Difference is due to Exhange Rate 2023-24 14.95 12.52 2.43 On Site Services of Rs. 2.57 Crs. were provided on-site for which no SOFTEX was filed. Further Credit Note of (-Rs 0.25) Crore has been raised & the balance difference of Rs 0.11 Crore is due to Exchange rate difference. IMPORT (Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis.) (Rs. In Crores) Year/Period Figures reported in APR (FOB Value) Figures as per Customs Records Difference if any Reason for Difference/Remark (1) (2) (3) (4) (5) 2022-23 1.08 1.08 0.00

2023-24 2.07 1.00 0.00 The Actual Import Procurement is Rs 1.00 Crores as per CUSTOMS Records for the Year. Difference is due to Cumulative value reported in APR. Raw Material (Rs. In Crores) Year/Period Figures reported in APR (FOB Value) Figures as per Customs Records Difference if any Reason for Difference/Remark (1) (2) (3) (4) (5) 2022-23 0.00 0.00 0.00

2023-24 0.00 0.00 0.00

BLUT (Rs in ‘Crores’)

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 Date of Acceptance BLUT Amount 23.02.2023 15.71 Total 15.71 Crores 2 Total Duty Foregone on goods & services procured Category Wise: Year Wise: FY Goods Imported & Indigenous Services Imported & Indigenous 22-23 0.56 0.82 23-24 0.34 0.70 Total 0.90 1.52 (d) Employment made as on date (31.03.2024) (as on end of block period/ year up to which monitoring is being done) Men:171 Women: 103 Total No Employment: 274 The same has been verified from their Online MPR. (e) Details of Pending Foreign Remittance beyond Permissible period, if any (as on 31.03.2024) To cross-check the same and verify whether necessary permission from AD Bank/ RBI has been obtained. No foreign remittance is pending as on 31.03.2024 (f) 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. Yes (g) 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. Yes. All SOFTEX has been certified. (h) Whether unit has filed any request for Cancellation of softex No (i) 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

(j) SO to verify and certify whether the unit has updated the BLUT ledger Module in SEZ Online. NA (k) 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 No (l) Is the unit sharing 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 No (m) 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. Yes (n) 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 Yes (o) Details of the request IDs pending for OOC in respect of DTA procurement on the date of submission of monitoring report No (p) 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. 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 No (q) Whether any violation of any of the provisions of law has been noticed/ observed by the Specified Officer during the period under monitoring. Nil e. Recommendation: The Unit has achieved export revenue of Rs. 15.79 Crores as against projected export of Rs. 59.88 Crores and achieved cumulative NFE of Rs. 15.20 Crores which is 96.44 % in First 2 years of 1st block period i.e. 2022-23 and 2023-24. The Unit has achieved employment of 274 employees (Men-171, Women-103) as on 31.03.2024

Approval Committee may monitor the performance of the Unit, first 2 years of 1st Block period i.e. FY 2022-23 and 2023-24. during Period (FY 2022-23 to FY 2026-27) for monitoring purpose before Approval Committee for consideration, in terms of Rule 54 of SEZ Rules, 2006.

Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2017-18 468.51 338.26

51.60 2.25 0.02 TOTAL 468.51 338.26 0.00 0.00 51.60 2.25 0.02 GOVERNMENT OF INDIA, OFFICE OF THE DEVELOPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE, GOVT. OF INDIA, ANDHERI (EAST), MUMBAI

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a. Proposal : Monitoring of the performance of M/s. Mphasis Limited., a IT/ITES Enabled Services located at M/s. EON Kharadi Infrastructure Pvt. Ltd. Phase-I for 3 Block Periods i.e. FY 2017-18 to FY 2023-24. b. Specific Issue on which decision of AC is required: -
Monitoring of the performance of the unit for Last year of 2nd Block Period i.e. FY 2017-18 5 years of 3rd Block Period from FY 2018-19 to FY 2022-23 First year of 4th Block Period i.e. FY 2023-24, in terms of Rule 54 of SEZ Rules, 2006. c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- 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”. d. Other Information: - Performance as compared to projections: for 2nd Block Period FY 2013-14 to FY 2017-18 Approved Projections: (Rs. In Cr.)

FY 2013-14 to FY 2017-18 FOB Value of Exports 1493.99 FE Outgo 41.75 NFE 1452.24 Performance as compared to projections: (Rs. In Cr.) Cumulative NFE achieved: (Rs. in Cr.)

Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2018-19 1953.63 363.61 0.00 0.00 25.00 4.71 0.01 2019-20 469.96 0.00 4.62 0.01 2020-21 663.95 0.00 1.25 0.05 2021-22 785.13 0.00 9.83 0.35 2022-23 1001.96 0.00 1.68 0.67 TOTAL 1953.63 3284.61 0.00 0.00

22.09 1.09 Year Cumulative NFE Achieved Cumulative % NFE Achieved 2017-18 1444.05 97.11% Performance as compared to projections: for 3rd Block Period FY 2018-19 To 2022-23 Approved Projections: (Rs. In Cr.)

FY 2018-19 To 2022-23 FOB Value of Exports 1953.63 FE Outgo 25.00 NFE 1928.63 Performance as compared to projections: (Rs. In Cr.) Cumulative NFE achieved: (Rs. in Cr.) Year Cumulative NFE Achieved Cumulative % NFE Achieved 2018-19 356.50 98.04% 2019-20 819.85 98.35% 2020-21 1480.50 98.86% 2021-22 2262.03 99.10% 2022-23 3260.05 99.25% Performance as compared to projections: for 4th Block Period FY 2023-24 To 2027-28. Approved Projections: (Rs. In Cr.)

2023-24 2024-25 2025-26 2026-27 2027-28 TOTAL FOB value of export 800.00 840.00 882.00 926.10 972.40 4420.50 FE outgo 8.00 8.40 8.82 9.26 9.72 44.20 NFE 792.00 831.60 873.18 916.84 962.68 4376.30

Performance as compared to projections: (Rs. In Cr.)

Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2023-24 800.00 1218.71 0.00 0.00 70.00 1.21 5.45 TOTAL 800.00 1218.71 0.00 0.00 70.00 1.21 5.45 Cumulative NFE achieved: (Rs. in Cr.) Year Cumulative NFE Achieved Cumulative % NFE Achieved 2023-24 1210.03 99.29% Employment Achievement (Direct): FY 2023-24

Approved Achieved Men 2750 1875 Women 1450 1024 Total 4200 2899

LOA No. & Date SEEPZ-SEZ/NEW-SEZ/EON- PUNE/05/2007-08/6721 Dated 13.09.2007 Location of Unit Ground to Fourth Floor, 7th Floor of wing 3, Ground Floor of Wing 2, in Cluster C EON Kharadi, Ground Floor of wing 2 ,in Cluster C EON Kharadi, Infrastructure Pvt. Ltd. SEZ Plot No 01, Survey No 77, and MIDC Kharadi Knowledge Park Pune- 411014. Validity of LOA 03.01.2028 Item(s) of manufacture/ Services IT & ITES Date of commencement of production 04.01.2008 Execution of BLUT Rs. 86.74 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 31.03.2024 2899 (Men-1875, Women-1024) Area allotted (in sq.ft.) 323715.34 .Sq.ft Area available for each employee per sq.ft. basis (area / no. of employees) 111.66 Sq.ft Investment till date

Building

Plant & Machinery 91.64

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 The Specified Officer report vide letter dated 04.02.2025 & 10.03.2025 has reported as detailed below: EXPORT (Rs. In Cr)
Year/ Period Figures reported in APR Figures as per Softex/ Customs Records Difference if any Reason for Difference/Remark (1) (2) (3) (4) (5) 2017-18 338.26 346.87 -8.61 Invoice for value of Rs.7.25 crores has not been reported in the APR. The unit is in the process of revising the APR. The balance of Rs.1.36 crores is towards difference in exchange rate. The unit has agreed to revise the APR. 2018-19 363.61 363.52 0.09 Difference is due to exchange rate 2019-20 469.96 469.88 0.08 Difference is due to exchange rate 2020-21 663.95 657.29 6.66 Difference is due to exchange rate 2021-22 785.13 788.63 -3.50 Difference is due to exchange rate 2022-23 1001.96 1003.53 -1.57 Difference is due to exchange rate 2023-24 1218.71 1218.71

IMPORT (Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis.) (Rs. In Cr) Year/Period Figures reported in APR (FOB Value) Figures as per Customs Records Difference if any Reason for Difference/Remark (1) (2) (3) (4) (5) 2017-18 2.26 2.26 0.00 Nil 2018-19 4.71 4.41 0.00 Nil 2019-20 4.62 4.61 0.01 Nil

2020-21 32.93 4.90

The actual import was Rs.4.90 crores the value of Rs.32.93 crores is the cumulative figure submitted in the APR for last 10 Years 2021-22 33.02 7.46

The actual import was Rs.7.46 crores and the the value of Rs.33.02 crores is the cumulative figure submitted in the APR for last 10 Years 2022-23 32.57 1.57 31.00 The actual import was Rs.1.57 crores and the value of Rs.32.57 crores is the cumulative figure submitted in the APR for last 10 Years 2023-24 32.17 1.10 31.07 The actual import was Rs.1.10 crores and the value of Rs.32.17 crores is the cumulative figure submitted in the APR for last 10 Years Raw Material (Rs. In Cr) Year/Period Figures reported in APR (FOB Value) Figures as per Customs Records Difference if any Reason for Difference/Remark (1) (2) (3) (4) (5)

2017-18 To 2023-24

0.00 0.00 0.00

BLUT (Rs. in Cr) 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

Date of Acceptance BLUT Amount 15.10.2008 36.15 Crore 04.05.2023 50.59 Crore Total 86.74 Crore

2 Total Duty Foregone on goods & services procured

Category Wise:

Year Wise:

FY Goods Imported & Indigenous Services Imported & Indigenous 2017-18 0.59 0.00 2018-19 1.20 0.00 2019-20 1.05 0.00 2020-21 2.10 0.00 2021-22 2.49 16.38 2022-23 0.76 11.63 2023-24 1.11 16.59 Total 9.31 44.81 (d) Employment made as on date (31.03.2022)

Employment made as on date (31.03.2024)

(as on end of block period/ year up to which monitoring is being done) Men: 2368 Women: 1308 Total No Employment :3676

Men: 1875 Women: 1024 Total No Employment :2899

The same has been verified from their Online MPR. (e) 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.

No foreign remittance is pending. (f) 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. Yes

(g) 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. Yes

(h) Whether unit has filed any request for Cancellation of softex Yes and the same has been approved, the request id is – 142000222770, 142400155645

Year Amount in crores 2017-18 19.45 2018-19 24.66 2019-20 8.69 2020-21 7.62 2021-22 6.77 2022-23 4.39 2023-24 9.31 Total 80.88 (i) 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)

If no, details thereof Yes all the DTA has been filed. (o) Details of the request IDs pending for OOC in respect of DTA procurement on the date of submission of monitoring report No IDs pending for OOC in respect of DTA procurement

F.Y. DTA Sale in INR in Cr 2017-18 19.45 2018-19 24.66 2019-20 8.69 2020-21 7.62 2021-22 6.77 2022-23 4.39 2023-24 9.31 Total 80.88 (p) 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. 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 Yes, Approval Obtained vide UAC dated 23.03.2021. The unit has Cafeteria on the ground floor. They do not cook any food; however, they serve the food procured from outside by heating the same on the electric heating equipment’s/pans. The unit submitted that they have claimed benefit only on the goods being used in the cafeteria. They were directed to pay all the duty/tax benefits availed on the goods and services being utilized in the cafeteria in terms of Instruction No. 95 dated 11.06.2019 vide e-mail/letter dated 20.01.2025. The unit submitted the working, the total value of goods on which they availed the benefit is Rs, 5,08,350/-. The unit agreed to pay back duty/tax benefit availed. (q) Whether any violation of any of the provisions of law has been noticed/ observed by the Specified Officer during the period under monitoring. No e. Recommendation: The Unit has achieved export revenue of Rs. 338.26 Crores as against the projected export of Rs. 468.51 Crores and achieved positive NFE of Rs. 1444.05 Crores which is 97.11 % on cumulative basis in 5th Year of 2nd Block Period i.e. FY 2017-18. The Unit has achieved export revenue of Rs.3284.61 Crores as against the projected export of Rs. 1953.63 Crores and achieved positive NFE of Rs. 3260.05 Crores which is 99.25% on cumulative basis in 5 years of 3rd Block Period i.e. FY 2018-19 To 2022-23. The Unit has achieved export revenue of Rs. 1218.71 Crores as against the projected export of Rs. 800.00 Crores and achieved positive NFE of Rs. 1210.03 Crores which is 99.29% on cumulative basis in 1st year of 4th Block Period i.e. FY 2023-24. As per SO report the unit has achieved employment of 2899 employees (Men-1875, Women-1024) As per the SO report, it is observed that the Unit has provided services in DTA against payment received in INR during the monitoring period as follows: As per the SO report, it is observed that the Unit has provided services in DTA against payment received in INR during the monitoring period as follows:

Since providing of “Services” in DTA against payment received in INR does not qualify as ‘Services’ as per definition given in Section 2(z) of the SEZ Act, 2005, The unit has made violation of various provision of SEZ Act / Rules and under Foreign Trade (Development and Regulation) Act, 1992.
The Unit is required to revise their APR for the period FY 2017-18 to FY 2022-23 to update the correct amortize value and Net Foreign Exchange Earnings. Approval committee may kindly monitor the performance of the Unit for Last year of 2nd Block Period i.e. FY 2017-18 5 years of 3rd Block Period from FY 2018-19 to FY 2022-23 First year of 4th Block Period i.e. FY 2023-24, in terms of Rule 54 of SEZ Rules, 2006.

GOVERNMENT OF INDIA, OFFICE OF THE DEVELOPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE, GOVT. OF INDIA, ANDHERI (EAST), MUMBAI

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a. Proposal : Proposal dated 04.03.2025 submitted by M/s. Cognizant Technology Solutions India Pvt. Ltd IT/ITES unit located in M/s. EON Kharadi Infrastructure Pvt. Ltd.- SEZ Phase-I for Change in Board of Directors. b. Specific Issue on which decision of AC is required: -
Approval of the Approval Committee for Change in Board of Directors, in terms of Instruction No. 109 dated 18.10.2021, as detailed below c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- 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: - Change in Directors of Company: Existing List of Directors Sr. No Name of Directors Designation Date of Cessation 1 Mr. Rajesh Nambiar CMD 30.09.2024 2 Mr. P K Harihara Subramanian CFO & Whole Time Director 01.07.2024 3 Mr. Narayanan T Whole Time Director

Proposed List of Directors Sr. No Name of Directors Designation Date of Appointment 1 Mr. Rajesh Varrier CMD 10.09.2024 2 Mr. Manish Singhvi CFO & Whole Time Director 13.12.2024 3 Mr. Narayanan T Whole Time Director 27.09.2019

Reason for change in Board of Director: The unit has submitted that due to the resignation of Mr. Rajesh Nambiar (CMD) and Mr. P K Harihara Subramanian (CFO & Whole-Time Director), and the appointment of Mr. Rajesh Varrier (CMD) and Mr. Manish Singhvi (CFO & Whole-Time Director), there has been a change in the Board of Directors. Further, the unit also informs that Mr. Ashish Malhotra has ceased to hold the position of Company Secretary, and Ms. Jananee B has been appointed as Company Secretary. Information: - M/s. Cognizant Technology Solutions India Pvt. Ltd.is granted LOA NO. SEEPZ-SEZ/EKIPL- SEZ/TIPL-12/2011-12 is located at 4th Floor, cluster B, Wing-3, EON Free Zone, Plot No.1, S. No.77, MIDC, Kharadi Knowledge Park, Pune-411014 DCP: 14.10.2011
LOA valid till: 13.10.2026 There is no change in the name of the entity, shareholding pattern, business arrangements and it is merely of Directors due to resignation. Seamless continuity of the SEZ Activities with unaltered responsibilities and its obligations for the said entity. No change in the compliance with all relevant Regulatory authority authorities. There is no change in the PAN and Jurisdictional Assessing Officer of the entity or Unit. There is no change in the shareholding Pattern of the Company and it remains the same. The Unit has submitted following documents: 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 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 e. Recommendation: Approval Committee may kindly consider the proposal Unit for change in Board of Directors in terms of Instruction no. 109 issued by MOC&I.

GOVERNMENT OF INDIA, OFFICE OF THE DEVELOPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE, GOVT. OF INDIA, ANDHERI (EAST), MUMBAI

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a. Proposal : Proposal dated 11.02.2025 submitted by M/s. Tietoevry Fintech India Pvt. Ltd., IT/ITES unit located in M/s. EON Kharadi Infrastructure Pvt. Ltd.- SEZ Phase-I for Change in the Board of Director. b. Specific Issue on which decision of AC 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: c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/ Notification :- 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: - Previous List of Board of Director: Sr. No Name of the Directors Designation Date of Cessation 1. Klaus Andersen Director 25/09/2024 2. Ashwani Batra Director

Pasi Kalevi Mauno Director

Proposed List of Board of Director: Sr. No Name of the Directors Designation Date of Appointment 1 Ashwani Batra Director 14/12/2022 2. Pasi Kalevi Mauno Director 22/08/2023 3. Avinash Ajit Deshpande Director 21/11/2024 Information: - M/s. Tietoevry Fintech India Pvt. Ltd., is granted LOA NO. SEEPZ-SEZ/EKIPL-SEZ/TLIPL/74/2023- 24/591 Dated 03.08.2023 is located at 4th Floor, Wing 1, Cluster D, EON Free Zone, MIDC Kharadi Knowledge Park, Plot No 1, Survey No 77, Kharadi, Pune-411014. DCP: 03.08.2023 LOA valid till: 02.08.2028

The Unit has submitted following documents: Copy of Original Letter of Approval Copy of Existing and Proposed Directors Copy of Form No. DIR-12 for Appointment of Director Copy of Form No. DIR-12 for Resignation of Director Copy of Board Resolution Copy of undertaking in term of Instruction No. 109. Copy of Declaration cum undertaking Reason for change in Board of Director: The change in the Board of Directors is due to the Retirement of Mr. Klaus Andersen, Director, and the appointment of Mr. Avinash Ajit Deshpande as a new Director. e. Recommendation: Approval Committee may kindly consider the proposal of the unitfor Change in Board of Director, in terms of Instruction no. 109 issued by MOC&I.

GOVERNMENT OF INDIA, OFFICE OF THE DEVELOPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE, GOVT. OF INDIA, ANDHERI (EAST), MUMBAI

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a. Proposal : Proposal dated 10.03.2025 submitted by M/s.Credit Suisse Services (India) Private Limited, IT/ITES unit located in M/s. EON Kharadi Infrastructure Pvt. Ltd-SEZ, Phase – I for Change in Name and Proposed List of Directors pursuant to Merger (Holdco Merger) in accordance with the NCLT Order. b. Specific Issue on which decision of AC is required: -
Approval of the Committee for Change in name and Proposed List of Directors, in terms of Instruction No. 109 dated 18.10.2021. c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- 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: - Change of Name: Previous Name of the Unit New Name of the Unit M/s. Credit Suisse Services (India) Private Limited M/s. UBS Business Solutions (India) Pvt. Ltd. Proposed List of Directors: Sr. No Name Designation Din 1 Harald Horst Egger Director 08089849 2 Vishank Patel Director 08513882 3 Anubhav Agarwal Director 06711041 4 Seraina Frey Tiessen Director 08633796 5 Matthias Schacke Director 09664269 Shareholding Pattern: Unit said that, with effect from 1st April 2025, the Credit Suisse Services (India) Private Limited will be demerged into UBS Business Solutions (India) Pvt. Ltd. The shareholding of UBS Business Solutions (India) Pvt. Ltd. shall prevail for the said SEZ unit, which will become part of UBS Business Solutions

(India) Pvt. Ltd. Information: - M / s . Credit Suisse Services (India) Private Limited is granted LOA No. SEEPZ-SEZ/NEW- SEZ/WIPRO/LOA-02/2006-07/1733 Dated 16.03.2007 is located at Ground to 5th Floor, Wing1 and 3rd to 5th Floor, Wing 2, Cluster A, EON Free Zone Plot No.1, S. No.77, MIDC Knowledge Park, Kharadi Pune- 411014. DCP: 04.06.2007 LOA valid till: 03.06.2027 Reason for change in name and Proposed List of Directors: The unit submitted that approval is required for changes in name, shareholding, business transfer, mergers, demergers, constitution, and directors of SEZ Developers/Co-developers and SEZ Units. Following the NCLT-approved scheme, the Credit Suisse Services (India) Pvt. Ltd. will be demerged into UBS Business Solutions (India) Pvt. Ltd., effective 1st April 2025. The unit requests updates to the approval letter and records based on the NCLT order. Credit Suisse Services (India) Pvt. Ltd. operates through its Pune branch, providing IT/ITES services to Credit Suisse Group entities, now part of UBS Group after UBS acquired Credit Suisse on 12th June 2023. UBS plans to merge the Pune branch with UBS Business Solution (India) Pvt. Ltd., effective 1st April 2025. UBS Business Solutions (India) Pvt. Ltd. will continue providing IT/ITES services to the combined UBS Group. The No Objection Certificate, exemptions, and authorities, including power of attorney, will be transferred to UBS Business Solutions (India) Pvt. Ltd., with all liabilities remaining unchanged. Pursuant to the NCLT Order, the unit requests changes in name and Proposed List of Directors, as per Instruction No. 109 dated 18th October 2021. The Unit has submitted following documents: Copy of Self attested NCLT Order Copy of Revised Pan Details Copy of COI details Copy of Memorandum of Association and articles of association Copy of the List of Directors Copy of DIR-12 form Copy of Undertaking as per instruction No 109 e. Recommendation: Approval Committee may kindly consider the proposal of the unit for change of name and Proposed List of Directors as per the Schemes of India BuSo Merger, in accordance with the NCLT Order , in terms of Instruction no. 109 issued by MOC&I.

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