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

Agenda for Approval Committee for SEZ Pune Cluster scheduled on 21 March 2025. — 07-6-magarpatta-sez

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

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: - Application for monitoring of performance of M/s UPS Logistics Pvt Ltd Agenda Item No. 04: - Application for monitoring of performance of M/s Danfoss Industries Pvt Ltd

. नाम और पदनाम ( ी.)

वभाग 1 ी सतबीर शमा

व नद अधकारी सीज़-एसईज़ेड, पुणे #ल%टर मेसस मगरप'ा टाउन)शप डेवलपम*ट एंड कं%,#शन कंपनी )लमटेड-एसईजेड के आईट/-आईट/ईएस से#टर के व)श

वशेष आ1थक 3े4 के )लए 3े4ीय वकास आयु6 सीज़-एसईजेड, मुंबई क7 अ8य3ता म* 21.02.2025 को आयो:जत अनुमोदन सम त क7 116 व; बैठक का ववरण�1 सेज़ का नाम मगरप'ा टाउन)शप डेवलपम*ट एंड कं%,#शन कंपनी )लमटेड-एसईजेड 2 से#टर आईट//आईट/ईएस 3 बैठक 116 व; 4 तारीख 21.02.2025 उप?%थत सद%य: . नाम और पदनाम (एस/ ी.)

वभाग 1 ीमती मतल हरेमठ संयु6 वकास आयु6 पुणे #ल%टर एसईजेड, पुणे 2 ीमती अचना परब, सहायक आयु6, आयकर वभाग आयकर वभाग से नामत 3. ी संजीव पाBटल, उCोग अधकारी महाराD सरकार से नामत 4. ी बालासाहेब कुकडे, उप-3े4ीय अधकारी महाराD EFषण नयं4ण बोड से नामत 5. ीमती पुGपा गंगावणे, एफट/डीओ पुणे डीजीएफट/ वभाग से नामत 6 ी धवल एस )शकJ , अधी3क सीमा शुKक वभाग पुणे नामत

वशेष आमं 4त सद%य एज*डा आइटम नंबर 01: Bदनांक 17.01.2025 को आयो:जत 115 व; बैठक के कायवृN क7 पु

वचार- वमश के बाद, सम त ने 17.01.2025 को आयो:जत 115 व; अनुमोदन सम त क7 बैठक के कायवृN क7 पु क7 गयी �एज*डा आइटम नंबर 02: Bदनांक 17.01.2025 को आयो:जत बैठक के कायवृN हेतु क7 गई कारवाई Oरपोट

वचार- वमश के बाद, सम त ने 17.01.2025 को आयो:जत अनुमोदन सम त क7 115 व; बैठक के संदभ मे क7 गयी कायवाई क7 Oरपोट को नोट कया� एडीसी ने सूचत कया है क मगरप'ा टाउन)शप डेवलपमट एंड कं%,#शन कंपनी )लमटेड-एसईजेड म कोई भी एजडा लं बत नह; है�एजडा आइटम नंबर 03: मेसस.वचुरा इंडया) Eाइवेट )लमटेड) Qारा E%तुत अनुमान म संशोधन के साथ 3े4 के आं)शक वलोपन क7 मंजूरी के )लए आवेदन :

वचार वमश के बाद-, सम त ने एसईजेड नयम, 2006 के नयम 19(2) के अनुसार, 3े4 के आं)शक वलोपन एवं अनुमानR म* संशोधन के )लए इकाई के E%ताव को नSन)लTखत ववरण अनुसार अनुमोBदत कया, बशतJ क व नद अधकारी से “No Dues Certificate” Eात हो हटाया जाने वाला %वीकृत %थान/3े4:

मौजूदा पता और 3े4 (वग फुट म*) E%ता वत पता और वलोपन हेतु 3े4 (वग फुट म*)

वलोपन के बाद का पता और शेष 3े4 (वग फुट म*)

अपर Vाउंड लेवल, लेवल 1, लेवल 2 और लेवल 3, टावर B1, मगरप'ा )सट/ SEZ, मगरप'ा )सट/, हडपसर, पुणे 411013 - . कुल 3े41,16,318 : वग फुट लेवल 1 - 30,635.50 वग फुट लेवल 2 - 31,707.50 वग फुट कुल 3े462,343 : वग फुट अपर Vाउंड लेवल और लेवल 3, टावर B1, मगरप'ा )सट/ SEZ, मगरप'ा )सट/, हडपसर, पुणे 411013 कुल 3े453,975 : वग फुट अनुमोBदत संशोधत अनुमान : (Rs. In Crores) म संWया

ववरण 2024-25 2025-26 2026-27 2027-28 2028-29 कुल 1. एफओबी नयात मूKय 399.58 404.31 385.65 417.61 417.61 2024.76 2.

वदेशी मुXा Yय 4.05 4.05 4.05 4.05 4.05 20.24 3. शुZ वदेशी मुXा 395.54 400.26 381.60 413.56 413.56 2004.52 अनुमोBदत नवेश और रोजगार के अनुमान:
(Rs. In Crores) म संWया ववरण अनुमोBदत अनुमान 1. पूंजीगत व%तु[ का मूKय i. %वदेशी 8.67 ii. आया तत 20.24

कुल 28.91 2. सेवा[ का मूKय i. Indigenous 202.23 ii. Imported 0.00

कुल 202.23 3. रोजगार पु\ष म हला 1058 570

कुल 1628 एजडा आइटम नंबर 04: मैसस बीएनवाई मेलॉन इंटरनेशनल ऑपरेशन (इंडया) Eाइवेट )लमटेड के )लए Eदशन क7 नगरानी� वचार- वमश के बाद, सम त ने एसईजेड नयम, 2006 के नयम 54 के संदभ म, पहले _लॉक अवध ( वN वष 2023-24 से

वNीय वष 2027-28) के Fसरे वष यानी के वNीय वष 2024-25( अEैल 2024- Bदसंबर 2024) के )लए इकाई के Eदशन को नोट कया� जैसा क नीचे बताया गया है: इकाई ने पहले _लॉक अवध के वNीय वष 2024-25 (अEैल 2024- Bदसंबर 2024) म* 109.93 करोड़ \पये के अनुमा नत नयात के मुकाबले .111.64Cr. करोड़ यानी 101.55 %, का नयात राज%व हा)सल कया है�इकाई ने वN वष 2024-25 म* 196.57 करोड़ \पये यानी 98.48% का सकाराaमक एनएफई हा)सल कया है�इकाई ने 720 (पु\ष-434, म हला-286) को रोजगार Bदया है�एजडा आइटम नंबर 05: मैसस बीएनवाई मेलॉन टे#नोलॉजी Eाइवेट )लमटेड के Eदशन क7 नगरानी� वचार- वमश के बाद, सम त ने एसईजेड नयम, 2006 के नयम 54 के संदभ म, तीसरे _लॉक अवध के चौथा वष यानी वN वष 2024-25( अEैल 2024- Bदसंबर 2024) के )लए इकाई के Eदशन को नोट कया� जैसा क नीचे बताया गया है: इकाई ने तीसरे _लॉक अवध के चौथा वष के दौरान 163.34 करोड़ \पये के अनुमा नत नयात के मुकाबले 324.89 करोड़ का नयात राज%व हा)सल कया है�इकाई ने वN वष 2024-25 म* संचयी आधार पर 1487.95 करोड़ यानी 98.05% का सकाराaमक एनएफई हा)सल कया है �इकाई ने 6 (पु\ष-3, म हला-3) रोजगार Bदया है�

यू नट को वN वष 2024-25 (अEैल 2024-Bदसंबर 2024) के )लए आया तत पूंजीगत व%तु[ के आनुपा तक पOरशोधन मूKय के सही मूKय के साथ संशोधत एपीआर E%तुत करने का नदJश Bदया गया�एजडा आइटम नंबर 06: : मेसस ई-इbफोचस Eाइवेट )लमटेड Qारा शेयरहो?Kडंग पैटन म बदलाव के साथ नदेशक मंडल म* बदलाव के )लए आवेदन E%तुत कया � वचार- वमश के बाद, सम त ने मं4ालय और उCोग मं4ालय Qारा जारी के नदJश संWया 109 Bदनांक 18.10.2021 के अनुसार शेयरहो?Kडंग पैटन म* बदलाव के साथ नदेशक मंडल म* पOरवतन के E%ताव को मंजूरी दे द/� नदेशक मंडल क7 %वीकृत सूची

म संWया

नदेशक का नाम पदनाम

नयु)6 क7 त)थ 1. भारतेbc म ा
नदेशक Director 02.03.2021 2. Oरचड ऑd%टन साइड)लeज़ Director 30.09.2020 3. मडfक फeजगेराKड Director 14.02.2024 शेयरR के ह%तांतरण के बाद %वीकृत शेयरधाOरता पैटन:

म संWया. शेयरधारकR का नाम शेयरR क7 संWया शेयरधाOरता ) % ( 1 एरो इले#,ॉ न#स इंडया Eाइवेट )लमटेड 2,66,42,476 99.9831 2 अgभषेक गोयल 1500 0.0056 3 Bदपाली अंजन मेहता, अंजन रजनीकांत मेहता 1124 0.0042 4 पटेल कKपेश आई 501 0.0019 5

वशाल न)लनचंX वमा 375 0.0014 6

वशाल वमा 375 0.0014 7

व ांक गणेशभाई Eजापत 374 0.0014 8

वशाखा दवे 250 0.0009 9 भारतेbc म ा 1 0.0000 10 सौरभ कुमार महेhरी 1 0.0000 कुल 2,66,46,977 100.00 अनुमोदन मं4ालय और उCोग मं4ालय Qारा जारी नदJश संWया 109 म* नधाOरत शतi के अधीन है�एजडा आइटम नंबर 07: मेससईटन इंडया इनोवेशन सटर एलएलपी Qारा पूंजी योगदान म* पOरवतन के )लए आवेदन E%तुत कया. गया� वचार- वमश के बाद, सम त ने मं4ालय और उCोग मं4ालय Qारा जारी के नदJश संWया 109 Bदनांक 18.10.2021 के अनुसार पूंजी योगदान म* पOरवतन के )लए मंजूरी दे द/�अनुमोBदत पूंजी योगदान संरचना: म संWयाशेयरधारकR का नाम पूंजी योगदान धाOरता ) % ( 1. ईट/एन ए)शया इंटरनेशनल )लमटेड (मॉरीशस) 70.24 2. ईटन इले?#,क jसगापुर) पीट/ई. )लमटेड) ((jसगापुर 0.01 3. ईटन टे#नोलॉजीज Eाइवेट )लमटेड 29.75 अनुमोदन मं4ालय और उCोग मं4ालय Qारा जारी नदJश संWया 109 म* नधाOरत शतi के अधीन है�एजडा आइटम नंबर 08: मेसस.वचुरा इंडया) Eाइवेट )लमटेड Qारा नदेशक मंडल म* पOरवतन के )लए आवेदन E%तुत कया) गया� वचार- वमश के बाद, सम त ने मं4ालय और उCोग मं4ालय Qारा जारी के नदJश संWया 109 Bदनांक 18.10.2021 के अनुसार

शेयरहो?Kडंग पैटन म* बदलाव के साथ नदेशक मंडल म* पOरवतन के E%ताव को मंजूरी दे द/� नदेशक मंडल क7 %वीकृत सूची

म संWया

नदेशक का नाम पदनाम

नयु)6 क7 त)थ 1. यतीश दोशी

नदेशक 09.04.2013 2. दे वयन अरkवद शाह

नदेशक 20.06.2022

टॉम lांस वानोवसचेKडे

नदेशक 08.12.2022

अनुमोदन मं4ालय और उCोग मं4ालय Qारा जारी नदJश संWया 109 म* नधाOरत शतi के अधीन है�अ8य3 को धbयवाद mापन के साथ बैठक समात nई� Minutes of the 116th 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 21.02.2025 1 Name of the SEZ Magarpatta Township Development and Construction Co. Ltd.-SEZ 2 Sector IT/ITES 3 Meeting No. 116th 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. No. Name and Designation Department 1 Shri Satbir Sharma Specified Officer SEEPZ-SEZ, Pune Cluster

Agenda Item No. 01: Confirmation of the Minutes of the 115th meeting held on 17.01.2025.

After deliberation, the committee confirmed the minutes of the 115th 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 noted the action taken report for the meeting held on 17.01.2025. ADC has informed that there are no pending agendas in r/o Magarpatta Township Development and Construction Co. Ltd.-SEZ. Agenda Item No.03: Monitoring of performance for M/s. BNY Mellon International Operation ( India) Pvt Ltd After deliberation, the committee noted the performance of the unit for 2nd year of first block period i.e FY 2024-25(April 2024- December 2024), in terms of Rule 54 of SEZ Rules, 2006. As detailed below:

The unit has achieved export of Rs 111.64Cr. against the projected export of Rs. 109.93 Cr. i.e. 101.55 %. in FY year 2024-25 on cumulative basis.

The unit has achieved NFE of Rs 196.57 Cr. i.e., 98.48%% on cumulative basis for first 2 years of the Block Period (2023-24 and 2024-25) The unit has achieved employment of 720 employees (Men-434, Women-286) Agenda Item No. 04: Monitoring of performance for M/s. BNY Mellon Technology Pvt Ltd After deliberation, the committee noted the performance of the unit for 4th year of 3rd Block Period i.e FY 2024-25( April 2024- December 2024) ,in terms of Rule 54 of SEZ Rules, 2006. As detailed below:

The unit has achieved export revenue of Rs. 324.89 Cr. against the projected export of Rs 163.34 Cr. during FY 2024-25. The unit has achieved positive NFE of Rs. 1487.95 Cr. i.e., 98.05% in FY 2024-25 on cumulative basis. The unit has achieved employment of 6 (Men-3, Women-3). The unit was directed to submitted revised APR for the FY 2024-25 (April 2024-December 2024) with correct value of Proportionate amortised value of imported capital goods. Agenda Item No. 05 : Application received from M/s. Ventura (India) Pvt Ltd for partial deletion with revision in projections. After deliberation, the committee approved the proposal of the Unit for partial Deletion of Area with Revision in Projections, in terms of Rule 19(2) of SEZ Rules, 2006, as detailed below subject to submission of ‘No Dues Certificate’ from the Specified Officer. Approved Location / area proposed to be deleted: Existing address and are in sq.ft Proposed address and area in sq.ft. to be deleted Address and remaining area in sq.ft after deletion

Upper Ground Level,Level 1, Level 2 & Level 3, Tower B1, Magarpatta City SEZ, Magarpatta City, Hadapsar, Pune 411013. Admeasuring area: 1,16,318 Sq.ft Level 1- 30,635.50 Sq.ft Level-2- 31,707.50 Sq.ft Admeasuring area: 62,343 Sq.ft Upper Ground Level and Level 3, Tower B1, Magarpatta City SEZ, Magarpatta City, Hadapsar, Pune 411013. Admeasuring area: 53,975 Sq.ft. Approved Revision in projections:

Sr.No Particulars 2024-25 2025-26 2026-27 2027-28 2028-29 Total 1. FOB Value of exports 399.58 404.31 385.65 417.61 417.61 2024.76 2. Foreign Exchange outgo 4.05 4.05 4.05 4.05 4.05 20.24 3. Net Foreign Exchange 395.54 400.26 381.60 413.56 413.56 2004.52 Projections of Investment and Employment:
(Rs. In Crores) Sr.No Item Revised Projection 1. Value of Capital Goods i. Indigenous 8.67 ii. Imported 20.24

Total 28.91 2. Value of Services i. Indigenous 202.23 ii. Imported 0.00

Total 202.23 3. Employment Men Women 1058 570

TOTAL 1628 Agenda Item No. 06: Application Submitted by M/s. E-infochips Private Limited for change in board of directors with Change in Shareholding pattern. After deliberation, the Committee approved the proposal for Change in Board of Directors with Change in Shareholding pattern, in terms of Instruction No.109 dated 18.10.2021, issued by MOC&I Approved list of Board Of Directors

Sr. No. Name of Director Designation Date of Appointment 1. Bhartendu Mishra Director 02.03.2021 2. Richard Austin Seidlitz Director 30.09.2020 3. Murdoch Fitzgerald Director 14.02.2024 Approved Shareholding Pattern after transfer of Shares:

Sr. No. Name of the Shareholders No.Of. Shares % of Shareholding 1 Arrow Electronics India Private Limited 2,66,42,476 99.9831 2 Abhishek Goyal 1500 0.0056 3 Dipali Anjan Mehta Anjan Rajnikant Mehta 1124 0.0042 4 Patel Kalpesh I 501 0.0019 5 Vishal Nalinchandra Varma 375 0.0014 6 Vishal Varma 375 0.0014 7 Vishrank Ganeshbhai Prajapat 374 0.0014 8 Vishakha Dave 250 0.0009 9 Bhartendu Mishra 1 0.0000 10 Sourabh Kumar Maheshwari 1 0.0000 Total 2,66,46,977 100.00 The approval is subject to the conditions laid down in Instruction No. 109 issued by MOC&I. Agenda Item No. 07: Application submitted by M/s. Eaton India innovation Center LLP for Change in Capital Contribution After deliberation, the Committee approved the proposal for Change in Capital Contribution, in terms of Instruction No.109 dated 18.10.2021, issued by MOC&I. Approved Capital Contribution structure: Sr. No. Name of the Shareholders Capital Contribution holding % 1. ETN Asia International Limited( Mauritius ) 70.24 2. Eaton Electric(Singapore) Pte.Ltd ( Singapore) 0.01 3. Eaton Technologies Private Limited 29.75 The approval is subject to the conditions laid down in Instruction No. 109 issued by MOC&I. Agenda Item No. 08: Application submitted by M/s. Ventura (India) Private Limited for Change in Board of Directors. After deliberation, the Committee approved the proposal for Change in Board of Directors, in terms of Instruction No.109 dated 18.10.2021, issued by MOC&I. Approved List of Board of Directors: Sr. No Name of the Directors Designation Date of Appointment 1. Yatish Doshi Director 09.04.2013 2. Deviyan Arvind Shah Director 20.06.2022 3. Tom Frans Vanoverschelde Director 08.12.2022 The approval is subject to the conditions laid down in Instruction No. 109 issued by MOC&I.

Meeting ended with a vote of thanks to the Chair

(mानेhर बी. पाट/ल, आईएएस( (Dnyaneshwar B. Patil, IAS) अ8य3 एवं वकास आयु6 Chairman-cum- Development Commissioner

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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. Agenda Item No. 02 Application for Change of List of Directors/Partners( Ventura (India) Pvt Ltd.) Approval letter issued on 28-02- 2025 Agenda Item No. 03 Application for Monitoring of Performace(M/s BNY Mellon International Operation ( India) Pvt Ltd ) Approval letter issued on 28-02- 2025 Agenda Item No. 04 Application for Monitoring of Performace(M/s BNY Mellon Technology Pvt. Ltd) Approval letter issued on 28-02- 2025 Agenda Item No. 05 Application for change in list of directors & change in share holding pattern(M/s. E-infochips Private Limited) Approval letter issued on 28-02- 2025 Agenda Item No. 06 Application for Change of Share Holding Patterns(M/s. Eaton India innovation Center LLP) Approval letter issued on 28-02- 2025 Agenda Item No. 07 Application for Deletion of Space(M/s. Ventura (India) Pvt Ltd.) Approval letter issued on 28-02- 2025

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. UPS Logistics Pvt Ltd an IT/ITES unit located at Magarpatta Township Development Construction Company Ltd. - SEZ for FY 2020-21, i.e 5th year of 2nd block period and FY 2021-22 to 2023-24, i.e 03 years of 3rd Block period. b. Specific Issue on which decision of AC is required: -
Monitoring of the performance of the unit for two block periods i.e i. 5th year of 2nd block Period i.e. FY 2020-21and ii. 03 years of of 3rd Block period i.e FY 2021-22 to 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 2016-17 to FY 2020-21 Approved Projections: (Rs. In Cr.)

2016-17 2017-18 2018-19 2019-20 2020-21 Total FOB value of export 57.06 55.55 61.62 72.00 75.25 321.48 FE outgo 1.57 1.26 1.68 1.25 1.25 7.00 NFE 55.50 54.29 59.93 70.75 74.00 314.47 Performance as compared to projections: FY 2019-20 (Rs. In Cr.)

Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual

2020-21 75.25 78.58 0.00 0.00 07.00 0.16 2.55 Total 75.25 78.58 0.00 0.00 07.00 0.16 2.55

Cumulative NFE achieved: (Rs. in Cr.) Year Cumulative NFE Achieved Cumulative % NFE Achieved 2020-21 321.41 96.94% Performance as compared to projections for 2nd Block period FY 2021-22 to FY 2023-24 Approved Projections: (Rs. In Cr.)

2021-22 2022-23 2023-24 2024-25 2025-26 Total FOB value of export 75.53 85.55 88.28 91.10 94.05 434.52 FE outgo 1.18 1.23 1.23 1.23 1.23 6.10 NFE 74.35 84.32 87.05 89.88 92.82 428.42 Performance as compared to projections: FY 2020-21 to 2023-24
(Rs. In Cr.) Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2021-22 75.53 83.95 0.00 0.00 0.20 0.00 4.15 2022-23 85.55 94.78

0.04 4.49 2023-24 88.28 100.06

0.08 4.21 Total 249.36 278.79 0.00 0.00 0.20 0.13 12.85

Cumulative NFE achieved:(Rs. in Cr.) Year Cumulative NFE Achieved Cumulative % NFE Achieved 2021-22 79.69 94.93% 2022-23 169.89 95.06% 2023-24 265.65 95.29% Employment: (As per So Report )

Projected Employment Achieved Employment Men 491 494 Women 392 355 Total 883 849 Other Information:

LOA No. & Date SEZ/PUNE/41/2010-11 dated 24.08.2010 Location of Unit Tower 7, Level 1, Wing A & B, Magarpatta City-SEZ, Village Hadapsar, Tal. Haveli, Dist. Pune 411013 Validity of LOA 03.04.2026 Item(s) of manufacture/ Services IT & ITES Date of commencement of production 04/04/2011 Execution of BLUT 16.72 Cr. Outstanding Rent dues NA Labour Dues NA Validity of Lease Agreement NA 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 883 (Men-491, Women-392)

849(Men- 494, Women- 355) Area allotted (in sq.ft.) NA Area available for each employee per sq.ft. basis (area / no. of employees) NA Investment till date

Building NA Plant & Machinery 7.84cr 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 17.03.2025 has reported as detailed below: Export: (Rs. In Crores)
Details of year-wise export as per the prescribed format: From the year 2019-2020 to 2023-2024

Year/ Period Figures reported in APR (FOB Value) Figures as per Softex / Customs Records Difference, if any Reason for Difference / Remarks 2020-2021 78.58 76.85 1.73 During the year, Audit adjustment of Rs. 0.88 Crore has been made by raising Debit Note. Balance difference of Rs. 0.85 Crore is due to Exchange Rate variation. 2021-2022 83.95 84.46 -0.51 During the year, Audit adjustment of Rs. - 1.42 Crore has been made by raising Credit Note. Balance difference of Rs. 0.91 Crore is due to Exchange Rate variation. 2022-2023 94.78 96.09 -1.31 During the year, Audit adjustment of Rs. - 1.92 Crore has been made by raising Credit Note.

Balance difference of Rs. 0.61 Crore is due to Exchange Rate variation. 2023-2024 100.06 99.92 -0.14 During the year, Audit adjustment of Rs. - 0.74 Crore has been made by raising Credit Note.

Balance difference of Rs. 0.60 Crore is due to Exchange Rate variation. (USD in Million) Year/ Period Figures reported in APR (FOB Value) Figures as per Softex / Customs Records Difference, if any Reason for Difference / Remarks 2020-2021 10.60 10.60 0.00 NA

2021-2022 11.27 11.27 0.00 NA 2022-2023 11.82 11.82 0.00 NA 2023-2024 12.09 12.09 0.00 NA (a) Import (i) (Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis: (Rs. In Crore) Year/ Period Figures as per APR Figures as per SEZ Online / Customs Records Difference, if any Reason for Difference / Remarks 2020-2021 0.16 0.16 0.00 NA 2021-2022 0.15 0.15 0.00 NA 2022-2023 0.04 0.04 0.00 NA 2023-2024 0.09 0.09 0.00 NA (USD in Million) Year/ Period Figures as per APR Figures as per SEZ Online / Customs Records Difference, if any Reason for Difference / Remarks 2020-2021 0.02 0.02 0.00 NA 2021-2022 0.00 0.00 0.00 NA 2022-2023 0.00 0.00 0.00 NA 2023-2024 0.00 0.00 0.00 NA

(ii) Raw Material Year/ Period Figures as per APR Figures as per SEZ Online / Customs Records Difference, if any Reason for Difference / Remarks 2019-2020 0.00 0.00 Nil NA 2020-2021 0.00 0.00 Nil NA 2021-2022 0.00 0.00 Nil NA 2022-2023 0.00 0.00 Nil NA 2023-2024 0.00 0.00 Nil NA

(b) BLUT:

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

TOTAL Duty value of BLUT Executed in Crore: F.No. SEEPZ-SEZ/ULPL/06/2011-12/1547 dated 04.02.2011 Rs. 0.76 Crore F.No. SEEPZ-SEZ/ULPL/06/2011-12/05057 dated 10.03.2017 Rs. 0.27 Crore F.No. SEEPZ-SEZ/PUNE/41/2010- 11/606/24.08.2010/2590 dated 24.12.2019 Rs. 2.20 Crore F.No. SEEPZ-SEZ/GL/FIPL-SEZ/08/2016-17/VOL- II/852 dated 20.09.2021 Rs. 12.67 Crore F.No. SEEPZ/EKIPL-SEZ/ULPL/27/2015-16/VOL- II/572 dated 28.07.2023 Rs. 0.82 Crore Total Rs. 16.72 Crore

Total Duty Foregone on goods & services procured Category Wise:

Year Wise (Rs. In Crore) F.Y. Goods Services Imp. & Ind. 2020-2021 0.74 0.95 2021-2022 0.08 0.84 2022-2023 0.16 1.56 2023-2024 0.13 1.71 Total 1.11 5.06

3 Has the Unit procured goods and or services without having sufficient balance in their BLUT. If yes, Month & Year when the BLUT was exhausted Details of the consignments and Total value of Goods procured without having sufficient or nil balance in BLUT No

(d) Employment made as on date (as on end of block period / year up to which monitoring is being done)

Category Projected at the time of LOA Employment as on 31- March-2024 Men 491 494 Women 392 355 Total 883 849

(e) 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. No Foreign Remittance beyond permissible period is pending for realisation. (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. All softex has been filed. (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. All the Softex Forms till March, 2024 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 Yes scrap generated from capital goods cleared against payment of duty. Below are the details of the same:Rs. In Crore F.Y. A.V. Duty Paid 20-21 0.04 0.01 21-22 0.06 0.01 22-23 0.01 0.00 23-24 0.11 0.04

(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 and all the DSPF filed has been approved. (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 all the DTA procurement with duty benefits 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 request ID is pending for OOC.

(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 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

Detail of goods and service has not yet submitted by the unit. (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. 78.58 Cr. against the projected export of Rs 75.25 Cr. i.e 104.42% during 5th year of 2nd Block period i.e FY 2019-2020. The unit has achieved positive NFE of Rs. 321.41Cr. i.e., 96.94% in FY 2020-21 on cumulative basis.

The unit has achieved export revenue of Rs.278.79 cr. against the projected export of Rs 249.36.Cr. i.e., 112.20 % on cumulative basis during 3 years of 3rd Block period i.e FY 2021-22 to 2023-24. The unit has achieved positive NFE of Rs. 265.65Cr. i.e., 95.29% in FY 2023-24 on cumulative basis. The unit has achieved employment of 849 (Men-494, Women-355). As per SO report, unit has set up cafeteria without permission from UAC. Hence the unit may be requested to submit the proposal for regulaization of cafeteria.

Approval committee may kindly monitor the performance of the Unit for 5th year of 2nd block Period i.e. FY 2020-21and 03 years of of 3rd Block period i.e FY 2021-22 to 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 : Monitoring of the performance of M/s. Danfoss Industries Pvt Ltd. an IT/ITES unit located in Magarpatta Township Development and Construction Company Ltd-SEZ, Pune, for 3rd year i.e. FY 2023-24 of 1st Block period. b. Specific Issue on which decision of AC is required: -
Monitoring of the performance of the unit for 3rd year i.e for FY 2023-24 of 1st Block period, 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 for 1st Block period (From FY 2021-22 to FY 2025-26) (Rs. In Cr.)

2021-22 (Actual) 2022-23 (Actual) 2023-24 2024-25 2025-26 Total FOB value of export 69.13 212.96 230.64 280.35 310.48 1103.56 FE outgo 44.35 51.65 56.81 62.50 68.75 284.05 NFE 24.78 161.32 173.83 217.85 241.74 819.51 Performance as compared to projections: FY 2023-24
(Rs. In Cr.) Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow

Projected Actual Projected Actual Actual

2023-24 230.64 177.79 0.00 2.30 15.82 0.61 0.10

Total 230.64 177.79 0.00 2.30 15.82 0.61 0.10

Cumulative NFE achieved: (Rs. in Cr.)

Year Cumulative NFE Achieved Cumulative % NFE Achieved 2023-24 409.63 89.07% Other Information: LOA No. & Date SEEPZ/MTDCCL-SEZ/DTPL/40/2020-21 dated 17.02.2021 Location of Unit Lower and Upper Ground Floor, Level 3,4,5, Lobby Level-4 in Building B7, Ground Part Plus level 1 Part in Building S 1 and Incubation Space U1,U2 ,Magarpatta Township & Development and Construction Co. Ltd.-SEZ, Hadapsar, Pune-411 013 Validity of LOA 01.08.2026 Item(s) of manufacture/ Services IT & ITES Date of commencement of production 02.08.2021 Execution of BLUT Rs.64.84 Cr. Outstanding Rent dues NA Labour Dues NA Validity of Lease Agreement 01.08.2030 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 715 (Men-538, Women-177)

553 (Men- 400, Women- 153) Area allotted (in sq.ft.) 1,09,143.55 Sq.ft Area available for each employee per sq.ft. basis (area / no. of employees) 197.36 Sq. Ft. Investment till date

Building 16.99 Plant & Machinery 25.19 Crore 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. No. The Unit has not submitted the APR within stipulated time. F.Y. Delay 2023-24 73 days (filed on 13.12.2024)

Goods (in Rs. Crore) Services (in Rs. Crore) Date of acceptance 10.33 54.51 30.07.2021 The Specified Officer report vide letter dated 13.03.2025 has reported 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) 2023-24 177.78 181.09 -3.31

Difference Due to exchange rate +1.01 Cr 2 ) credit notes of Rs - 4.32 Cr raised subsequently after filing of Softex.

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) 2023-24 2.30 2.32 0.2 Actual Import is Rs 2.32 Cr. However due to typographical error in APR mentioned as Rs.2.30 Cr instead of 2.32 Cr. BLUT (Amount 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

Total BLUT Rs 117.43 Cr. Goods (In Cr) Services (in Cr) Date of Acceptance 12.92 39.68 22.04.2024

Total 52.59

2 Total Duty Foregone on goods & services procured Category Wise:

Year Wise:

                                                                                                 (Rs.

in Crores) Year

Import Duty Forgone (in Rs.)

Imported Services duty forgone (in Rs.) Indigenous Goods Duty Forgone (in Rs.) Indigenous Services Duty Forgo Ne (in Rs.) Total (in Rs.) 2021-22 0.42 0.27 0.34 1.59 2.62 2022-23 1.47 8.81 1.69 8.57 20.54 2023-24 0.99 3.85 0.78 4.89 10.52

Total Used 33.68

Balance 83.75

3(a) Employment made as on date (as on end of block period/ year up to which monitoring is being done)

Category Projected at the time of LOA Employment as on 31.03.2024 Men 538 400 Women 177 153 Total 715 553

(b) 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

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

Condonation Letter No SEEPZ-SEZ/MTDCCL-SEZ/DTPL/40/2020- 21/540 dated 05/08/2024 for the month of Feb 2024 has been issued. Softex for the month of Feb 2024 filed and same has been certified. (d) Whether all Softex has been certified, if so till which month has the same been certified. If not, provide details of the Softex and reasons for pendency. All Softex for the year 2023-24 has been certified. (e) Whether unit has filed any request for Cancellation of softex No (f) 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.

(g) SO to verify and certify whether the unit has updated the BLUT ledger Module in SEZ Online. NA (h) 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. N0

(i) 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. (j) 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, all DSPF has been filed and Approved. (k) 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, all DTA procurement has been filed and approved. (l) Details of the request IDs pending for OOC in respect of DTA procurement on the date of submission of monitoring report No pending for out of charge.

(m) 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, Permission granted Vide letter No. SEEPZ/MTDCCL- SEZ/DTPL/40/2020-21/257 dated 07.06.2023 from JDCP office.

No, All goods and services are duty paid. (n) 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 in 3rd year i.e., FY 2023-24 of 1st block period has achieved export revenue of Rs.177.79 Cr. against the projected export of Rs. 230.64 Cr. i.e., 77.09%.. The unit has achieved positive NFE of Rs. 409.63 Cr. i.e., 89.07% in FY 2023-24 on cumulative basis. The unit has achieved employment of 553 (Men-400, Women-153). The Unit has not submitted the APRs within stipulated time for FY. 2023-24. Approval committee may kindly monitor the performance of the Unit for 3rd year i.e FY 2023-24 of 1st Block period, in terms of Rule 54 of SEZ Rules, 2006.

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