Agenda for Approval Committee meeting for SEZ Pune Cluster scheduled on 30 June 2025 at 11.30 AM — 09-9-quadron

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. QUADRON BUSINESS PARK PVT. LTD.-SEZ

DATE : 30.06.2025

TIME : 11:30 A.M.

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MEETING OF THE APPROVAL COMMITTEE FOR SECTOR SPECIFIC SPECIAL ECONOMIC ZONE FOR IT/ITES AT PUNE, UNDER THE CHAIRMANSHIP OF DEVELOPMENT COMMISSIONER, SEEPZ-SEZ ON 30.06.2025

INDEX

Agenda Item No.

Subject

Agenda Item No. 01: - Confirmation of the Minutes of the meeting held on 09.05.2025 Agenda Item No. 02: - Action taken report for the Minutes of the meeting held on 09.05.2025 Agenda Item No. 03: - Application for additional services by M/s. Quadron Business Park Pvt Ltd- Developer Agenda Item No. 04: - Addition of area with revision in projections by M/s. Teledyne LeCroy India Trading Private Limited, Agenda Item No. 05: -
Application for Change in Designated Partners by M/s. Telstra Global Business Services LLP

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4 तारीख 09.05.2025 उप=>थत सद>य

?. नाम और पदनाम (एस/Aी.)
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?मांक न. नाम और पदनाम (एस/Aी.)
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Minutes of the 91st Meeting of the Approval Committee held under the Chairmanship of Development Commissioner SEEPZ-SEZ for Sector Specific Special Economic Zone for IT-ITES of M/s. Quadron Business Park Pvt. Ltd.-SEZ, Hinjewadi Phase-II, Pune, held on 09.05.2025. 1 Name of the SEZ M/s. Quadron Business Park Pvt. Ltd.-SEZ, Pune 2 Sector IT-ITES

3 Meeting No. 91st
4 Date 09.05.2025 Members present

Sr No. Name and Designation(S/Shri.) Department 1 Smt. Mital Hiremath Joint Development Commissioner Pune Cluster SEZ, Pune 2 Shri. Dinesh Honmane Dy. Commissioner, IT Nominee of Income Tax, Pune 3 Shri. Sanjeev Patil, Industries Officer Nominee of Govt. of Maharashtra 4 Shri. Manchak Jadhav Sub-Regional Officer Nominee of Maharashtra Pollution Control Board 5 Smt. Pushpa Gangawane. FTDO Nominee of DGFT, Pune 6 Shri. Dhaval Shirke, 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 90th meeting held on 21.02.2025 The Committee, after deliberation, confirmed the minutes of the 90th meeting of the Approval Committee meeting held on 21.02.2025. Agenda Item No.02: Action taken report for the Minutes of the 90th meeting held on 21.02.2025 After deliberation, the Committee noted the Action taken report for the meeting held on 21.02.2025 ADC has informed that there are no agendas pending in respect of M/s Quadron Business Park Pvt. Ltd.-SEZ Agenda 03: Monitoring of Performance for M/s. Humane Business Intelligence Technology Solutions Pvt Ltd. After deliberation, the committee noted the performance of the unit 5th years of 1st Block Period i.e. FY 2021-22 and 2 years of 2nd Block period for FY 2022-23 and 2023-24 in terms of Rule 54 of SEZ Rules, 2006. The Unit has achieved export revenue of Rs. 53.23 Crores as against projected export of Rs. 54.70 Crores in 5th year of the 1st Block period. The unit has achieved positive NFE of Rs. 52.98 Crores in 5 th year of 1st block period on cumulative basis. The Unit has achieved export revenue of Rs. 37.11 Crores as against projected export of Rs. 51.8 Crores in 2nd year of the 2nd Block period. The unit has achieved positive NFE of Rs. 36.09 Crores in 2 nd year of 2nd Block period. The unit has generated employment of 51 employees (Men-36, Women-15). Meeting ended with a vote of thanks to the Chair.

(]ाने_र बी. पाटील, आईएएस) (Dnyaneshwar B. Patil, IAS) अ-य$ एवं िवकास आयु' Chairman-cum- Development Commissioner signaturerectangle 1 186 Digitally signed by Dnyaneshwar Bhalchandra Patil Date: 2025.05.23 17:14:03 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 09-05-2025 Agenda Item No. Subject Remarks Agenda Item No. 02 Application for Monitoring of Performace(M/s Humane Business Intelligence Technology Solutions Pvt. Ltd) Approval letter is issued to the Unit on 27.05.2025.

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

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AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

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a. Proposal : Proposal submitted by M/s. Quadron Business Park Pvt Ltd- Developer, for approval of additional service required for their authorized operations. b. Specific Issue on which decision of AC is required: -
Approval for additional service as detailed below (not covered under default list of services provided by MOC&I), in terms of Rule 10 of SEZ Rules, 2006.

Sr. No. Description of Services SAC Code Major head of services under GST Act Justification for the requirement of Services for Authorized operations. 1 “Corporate Guarantee Services” 997159 99715- Other services auxiliary to financial services Services received in the nature of corporate guarantee services for fund raised by the company for its business operations within SEZ c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- As per Rule 10 of SEZ Rules, 2006 “The approval committee may permit goods and SERVICES to carry on the operations authorized under Rule 9”. d. Other Information: - Formal LOA No. F.s/126/2006-EPZ dated 20.06.2007. Location: Plot No 28, RGIP, Phase-II, Hinjewadi, Pune-411057. Vide PUC, the Specified Officer has submitted a report vide letter dated 30.05.2025 as follows: The Developer has provided the following details to the Specified Officer. As per section 16(1) of the IGST Act, supply of goods or services within SEZ to a SEZ developers or SEZ unit for authorized operations is considered as ‘Zero rated Supply’. The company requires to borrow funds from banking and financial institutions for its routine business operations (i.e. construction or modifications of buildings within the SEZ park). The borrowers insist on providing corporate guarantee from related parties as a back – up in case there is a default by the company. The borrowers mandatorily insist for a corporate guarantee to become a party under Insolvency and Bankruptcy Code in case of event of default by the company. Further, as per the newly inserted Rule 28(2) of CGST Rules, GST Law has deemed the value of supply of service by way of providing corporate guarantee to any banking or financial institution on behalf of a related person, to be 1% of the amount of guarantee offered, or the actual consideration paid by the recipient for such guarantee, whichever is higher.

Therefore, it is now mandated for the related party entity providing corporate guarantee on behalf of the company to bank or financial institution to raise a GST invoice for the corporate guarantees service so provided to the company. As the loan availed by the company is utilized completely for the purpose of its SEZ business, the furnishing of corporate guarantee by the related party should qualify to be deemed authorized operations (being a business support activity). Without furnishing of corporate guarantee, the company cannot borrow funds from banks and financial institutions. The Specified officer in the report has stated that it has been informed that in case of the following SEZ entities, the respective Unit Approval Committees have approved the request for including “Corporate Guarantee Services’ in the default list of services for availing GST exemption- i. M/s. ESNP Property Builders and Developers Pvt Ltd (Co- Developers), Embassy Splendid TechZone, MEPZ SEZ, Tamilnadu; ii. M/s. Manyata Promoters Pvt Ltd, Co-Developer of Embassy Property Developers Pvt Ltd, SEZ, Bangalore. iii. M/s Vikas Telecom Pvt Ltd, Developer of Embassy Tech Village SEZ, Bangalore (Copy for all enclosed) In the view of above, if agreed similar view may be taken in the instant case. e. Recommendation: Approval Committee may consider the request of the Developer for approval of additional Services namely Corporate Guarantee Services under SAC Code 997159 in terms of Rule 10 of SEZ Rules, 2006.

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

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AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

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a. Proposal : Proposal dated 18.06.2025 submitted by M/s. Teledyne LeCroy India Trading Private Limited, an IT/ITES unit located in Quadron Business Park Pvt. Ltd.- SEZ for Addition in area admeasuring 2825 Sq. ft. along with revision in projections. b. Specific Issue on which decision of AC is required: -
Approval of the Approval Committee for Addition of area admeasuring 2825 Sq. Ft with Revision in projection in terms of Rule 19(2) of SEZ Rules, 2006 Location / area proposed to be added: Existing address and area Area proposed to be added Total area after addition Lower Ground Floor, Block – Q1/B, Quadron Business Park Pvt Ltd- SEZ, Plot No 28, Rajiv Gandhi Infotech Park, Phase II, Hinjewadi, Pune- 411057. Lower Ground Floor, Block Q1/B, Quadron Business Park Pvt Ltd- SEZ, Plot No 28, Rajiv Gandhi Infotech Park, Phase II, Hinjewadi, Pune- 411057. Lower Ground Floor, Block Q1/B, Quadron Business Park Pvt Ltd- SEZ, Plot No 28, Rajiv Gandhi Infotech Park, Phase II, Hinjewadi, Pune- 411057. Admeasuring area of 6,000 Sq. ft Admeasuring area of 2825 Sq. ft Admeasuring area of 8825 (6000+ 2825) Existing & Revision in Projection: Sr. No. Item Existing Area & Projections as per New Unit Application Total Revised Projections Post Proposed addition of Location 01 Area (Built up area)

6000 Sq. ft. or 557.41 Sq. Meters 8825 Sq. Ft. or 819.86 Sq. Mtrs Projections of Investment and Employment: (Rs. In Crores) Sr.No Item Existing Projection Total Revised Projection

Employment

TOTAL Men Women Men Women 35 25 55 30 60 85

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

i. Indigenous Capital Goods 1.53 2.33
ii. Imported Capital Goods 5.53 18.91

Total 7.06 21.24

Services

i. Indigenous Services 0.98 0.98
ii. Imported Services 7.61 12.46

Total 8.59 13.44
4. FOB Value of Exports for 5 years (Rs. in Lakhs) 37.24 54.79

Foreign Exchange Outgo for 5 years (Rs. in Lakhs)- (Total outgo contains Import of prototype /Testing Devices etc. from their Parent Company Testing R & D purpose on FOC basis
6.50 19.89

Net Foreign Exchange Earning for 5 years (Rs. In Lakhs) 30.74 34.90

Approved Projection: (Rs. In Crores)

2022-23 2023-24 2024-25 2025-26 2026-27 Total FOB value of Exports 6.19 6.77 7.37 8.09 8.82 37.24 FE Outgo 0.95 0.96 1.21 1.59 1.79 6.50 NFE Earnings 5.24 5.81 6.16 6.50 7.03 30.74 Proposed Revision of Projection: (Rs. In Crores)

2022-23 2023-24 2024-25 2025-26 2026-27 Total FOB value of Exports 5.48 7.71 8.69 16.09 16.82 54.79 FE Outgo 1.02 1.34 1.42 8.09 8.02 19.89 NFE Earnings 4.46 6.37 7.27 8.00 8.80 34.90 Proposal & Reason for Addition of Location: Considering the future growth and project requirement, they would need additional employees to be recruited. Therefore, their Management has decided to apply for addition of area of 2825 Sq. ft at Lower Ground Floor, Block Q1/B, Quadron Business Park Pvt Ltd- SEZ, Plot No 28, Rajiv Gandhi Infotech Park, Phase II, Hinjewadi, Pune- 411057. c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- As per First Proviso to Rule 19(2) of SEZ Rules,2006

“PROVIDED that the Approval Committee may also approve proposals for broad banding, diversification, enhancement of capacity of production, change in the items of manufacture or service activity, if it meets the requirements of rule 18” d. Other Information: - M/s. Teledyne LeCroy India Trading Private Limited, bearing LOA No. SEEPZ/QUADRON- SEZ/TLITPL/2021-22/1189 Dated 06.01.2022 located at Lower Ground Floor, Block – Q1/B, Quadron Business Park Pvt Ltd- SEZ, Plot No 28, Rajiv Gandhi Infotech Park, Phase II, Hinjewadi, Pune- 411057. Date of Commencement: 01.06.2022 LOA is valid up to: 31.05.2027 The unit has submitted the following documents with the application: i. Form F3 for additional location filed through SEZ Online system. ii. Letter of offer signed with Developer of SEZ for proposed additional location; iii. Copy of LOA; iv. Copy of Board Resolutions; v. List of Imported and Indigenous Capital Goods; vi. List of Indigenous Services; vii. Letter of Intent dated 08.05.2025 duly signed by Developer. e. Recommendation: Approval Committee may kindly consider the proposal submitted by the unit for addition of area to the existing operational area with revision in projection in terms of Rule 19(2) of SEZ Rules, 2006

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

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AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

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a. Proposal : Proposal dated 06.05.2025 submitted by M/s. Telstra Global Business Services LLP located in M/s. Quadron Business Park Pvt Ltd.- SEZ for Change in Designated Partners. b. Specific Issue on which decision of AC is required: -
Approval of the Approval Committee for Change in Designated Partners, in terms of Instruction No. 109 dated 18.10.2021, as detailed below: Change in Designated Partners of Company:

Existing List of Nominee and Designated Partners with their contribution before change:

Sr. No Name of Designated Parties to the LLP agreement Through Nominee Designated Partners LLP agreement effective from Date Capital Contribution (Amt in Rs. ) Capital Contribution percentage 1 Name of 1st Partner: Telstra Holdings Pty Ltd Address: Level 41, 242-282, Exhibition Street, Melbourne VIC 3000 Name: Mr. Satya Prakash Ranjan 27.02.2025 for change in Nominee Designated Partner 717,500,000/- 50% 2 Name of 2nd Partner: Telstra International (Aus) Limited Address: Level 41, 242-282, Exhibition Street Melbourne VIC 3000 Name: Mr. Gaven Abraham Standon 18.03.2021 for Change in Nominee Designated Partner 717,500,000/- 50%

Total

1,435,000,000 100% List of Nominee and Designated partners with their contribution after change is as below:

Sr. NO Name of Designated Parties to the LLP agreement Through Nominee Designated Partners LLP agreement effective from Date Capital Contribution (Amt in Rs. ) Capital Contribution percentage 1 Name of 1st Partner: Telstra Holdings Pty Ltd Address: Level 41, 242-282, Exhibition Street Melbourne VIC 3000 Name: Mr. Vemban Kishore
27.02.2025 for change in Nominee Designated Partner 717,500,000/- 50% 2 Name of 2nd Partner: Telstra International (Aus) Limited Address: Level 41, 242-282, Exhibition Street Melbourne VIC 3000 Name: Mr. Gaven Abraham Standon 18.03.2021 for Change in Nominee Designated Partner 717,500,000/- 50%

Total

1,435,000,000 100%

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: -

M/s. Telstra Global Business Services LLP having - LOA. No. SEEPZ/QUADRON-SEZ/TGBSLLP/11/2020- 21/120 Dated 08.02.2021 has submitted following documents: Board Resolution w.r.t resignation and appointment of Partners LLP Form No 3 & Form 4 regarding change Certificate of Incorporation

Initial LLP agreement All Supplementary LLP agreement for Nominee and Designated Partner change; Undertaking in terms of Instruction No 109. Undertaking regarding personnel liability arising, if any against the nominee Designated Partner. e. Recommendation: The Unit has submitted that Mr. Satya Prakash Ranjan was Designated Partner, and confirms that there are no liability/cases pending against him. Approval Committee may kindly consider the proposal of the Unit for change in Designated Partners in terms of Instruction no. 109 issued by MOC&I.

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