Agenda for Approval Committee meeting for EOU and SEZ under Pune Cluster scheduled on 31 October 2025. — 09-3-embassy

SEEPZ SPECIAL ECONOMIC ZONE ANDHERI (EAST), MUMBAI.

AGENDA FOR MEETING OF THE APPROVAL COMMITTEE FOR SECTOR SPECIFIC SPECIAL ECONOMIC ZONE FOR IT/ITES AT PUNE OF M/S. EMBASSY PUNE TECHZONE PVT. LTD.-SEZ

DATE : 31.10.2025

TIME : 03.00 P.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 31.10.2025

INDEX

Agenda Item No.

Subject

Agenda Item No. 01: - Confirmation of the Minutes of the meeting held on 12.09.2025 Agenda Item No. 02: - Action taken report for the Minutes of the meeting held on 12.09.2025. Agenda Item No. 03: - Application submitted by M/s. MUFG Pension & Market Services India Private Limited for approval of Broad Banding of Additional Services with revision in projections.

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4 तारीख 12.09.2025 उप9:थत सद:य: ;. नाम और पदनाम (एस/=ी.)
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इ9वटी शेयर शेयरधारक का नाम शेयरW क( सं6या

मूGय (b.) /तशत हो_Gडग िcलयVस टेनोलॉजीज़, इंक 2,99,747 29,97,470.00 99.9997 % िcलयVस टेनोलॉजीज़, II, L.L.C. # 1 10.00 0.0003 % कुल 2,99,748 29,97,480.00 100.00 % सीरीज़ A सीसीपीएस शेयरधारक का नाम शेयरW क( सं6यामूGय (b.) /तशत हो_Gडग िcलयVस टेनोलॉजीज़, इंक 2,40,000 24,00,00,000.00 100 % Total 2,40,000 24,00,00,000.00 100 % :वीकृ/त, वाण`य और उaोग मं$ालय (MOC&I) Qारा जारी िनदFश सं6या 109 म, िनधाPरत शतd के अधीन है।” अ*य# को धVयवाद eापन के साथ बैठक समाf हुई।

Minutes of the 105th 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. Embassy Pune TechZone Pvt. Ltd.-SEZ, Pune, held on 12.09.2025 Name of the SEZ M/s. Embassy Pune TechZone Pvt. Ltd.-SEZ Sector IT/ITES Meeting No. 105th Date 12.09.2025 Members present: Sr No. Name and Designation(S/Shri.) Department 1 Smt. Mital Hiremath Jt. Development Commissioner Pune Cluster SEZ, Pune 2 Shri. Abhinav Rathi Dy. Commissioner, IT Nominee of Income Tax, Pune 3 Smt. Pushpa Gangawane. FTDO Nominee of DGFT, Pune 4 Shri. Dhaval Shirke, Superintendent Nominee of Customs, Pune 5 Smt. Sushma Kumbhar, Field Officer Nominee of Maharashtra Pollution Control Board Special Invitee Sr. No. 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 104th meeting held on 29.07.2025 After deliberation, the Committee confirmed the minutes of the 104 th meeting of Approval Committee held on 29.07.2025 Agenda Item No.02: Action taken report for the Minutes of the 104 th meeting of Approval Committee held on 29.07.2025. After deliberation, the Committee noted the action taken report for the meeting held on 29.07.2025. Agenda Item No.03: Application Submitted by M/s. Connectwise LLP for leasing out space to vendor for Canteen services in SEZ premises. After deliberation, the Committee approved the proposal of the unit for change of vendor providing cafeteria

services to their employees within SEZ premises, as per Rule 11(5) of the SEZ Rules, 2006 read Instruction No.95 dated 11.06.2019 as detailed below: Name of Vendor Activity Location of Cafeteria Area in Sq.ft M/s Orange Events & Hospitality Cafeteria for providing Pre- Cooked and for serving the same to SEZ Unit Employees 5t h Floor, wing A Block 1.5 Rhine Embassy Tech Zone, RGIP, Hinjewadi, Phase II, Pune-411057 1510 The approval is subject to the conditions laid down in terms of Instruction No. 95 issued by MOC&I.

Agenda Item No.04: Application Submitted by M/s. Access Healthcare Services Pvt. Ltd for Change in Shareholding Pattern and Change in Board of Directors. After deliberation, the Committee approved the proposal for Change in Shareholding Pattern and Change in Board of Director in terms of Instruction No. 109 dated 18.10.2021, issued by MOC&I. Approved List of Board Of Directors: Sr. No. Name of Directors Designation Date of appointment 1. Mr. Kannan Balaji Director 10.06.2025 2. Mr. Chikilay Jacob Jesuroon Director 10.06.2025 Approved Shareholding pattern: Equity Shares: Name of Shareholder No. of Shares Value (Rs.) Percentage Holding Brilliance Technologies, Inc 2,99,747 29,97,470.00 99.9997 % Brilliance Technologies, II, L.L.C. # 1 10.00 0.0003 % Total 2,99,748 29,97,480.00 100.00 % Series A CCPS: Name of Shareholder No. of Shares Value (Rs.) Percentage Holding Brilliance Technologies, Inc 2,40,000 24,00,00,000.00 100 % Total 2,40,000 24,00,00,000.00 100 % The approval is subject to the conditions laid down in Instruction No. 109 dated 18.10.2021, issued by MOC&I. Meeting ended with a vote of thanks to the Chair.

(eानेgर 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: 2025.10.01 12:36:40 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

Mr. Dnyaneshwar B Patil Development Commissioner PUNE- SEZ

Action Taken for Approval Committee held on 12-09-2025 Agenda Item No. Subject Remarks Agenda Item No. 01 Confirmation of the Minutes of the 104th Meeting held on 29-07-2025 After deliberation, the Committee confirms the minutes of the meeting held on 29.07.2025 Agenda Item No. 02 Application for setting up cafeteria(M/s. Connectwise LLP ) Approval letter is issued to the Unit on 03.10.2025 Agenda Item No. 03 Application for change in list of directors/ partners & change in share holding pattern(M/s. Access Healthcare Services Pvt. Ltd) Approval letter is issued to the Unit on 03.10.2025

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 dated 10.10.2025 submitted on 22.10.2025 by M/s. MUFG Pension & Market Services India Private Limited, SEZ Unit located at Embassy TechZone SEZ for approval of Broad Banding of Additional Services with revision in projections. b. Specific Issue on which decision of AC is required: -
Approval of Committee for Broad Banding of Additional Services with revision in projection in terms of 19(2) of SEZ Rules, 2006. c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- As per 1st proviso to Rule No. 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 manufacturing or service capacity, if it meets the requirements of rule 18”. d. Other Information: - Broad banding of Additional Services in the existing LOA as authorized operations as detailed below: Existing Authorized Operations Proposed/Amended Authorised operations

1. Information Technology Enabled Services such as Back office Operations and Support services such as Accounting and Book Keeping, Reconciliation, recording of transactions in books of accounts, Back office services for Share Registry, Financial Statement Preparation, NAV Calculation Etc. (SAC- 998222; CPC-

2. Information technology such as Software Development, Software Testing/Implementation/Maintenance/IT operation support/IT Security services/Integrity, Enhancement to Existing application and other related services. (SAC-998314; CPC- 842)
3. Information Technology Enabled Services such as Back Office Operations and Support services such as Accounting and Book Keeping, Reconciliation, recording of transactions in books of accounts, Back office services for share Registry, financial Statement Preparation, NAV Calculation Etc. (SAC- 998222; CPC- 862)
4. Information technology such as Software Development,Software Testing/Implementation/maintenance/IT operation support/IT Security services/Integrity, Enhancement to Existing application and other related services. (SAC-998314; CPC- 842)
5. Other Business services such as Fund Accounting and Administration, Fund Administration and Accounting operations, Continuous Improvement (AI driven and Technology related services).(SAC- 998311 CPC- 862)

Approved & Proposed Projections of Investment and Employment: (Rs. In Crores)

Sr. No Item Existing Projections Total Revised Projections for balance one year (FY 2026-27) 1. Capital Goods

i. Indigenous 5.69 6.10 ii. Imported 3.22 0.73 Total 8.91 6.83 2. Employment 250(Men-100, Women- 150) 321 (Men – 128, Women – 193) Approved Projection: (Rs. In Crores)

2022-23 2023-24 2024-25 2025-26 2026-27 Total FOB value of Exports 13.28 18.98 23.68 29.16 38.51 123.61 FE Outgo 2.05 0.21 0.23 0.82 0.53 3.84 NFE Earnings 11.23 18.77 23.45 28.34 37.98 119.77 Proposed Revision of Projections: (Rs. In Crores)

2022-23 (Actual) 2023-24 (Actual) 2024-25 (Actual) 2025-26 (Actual) 2026-27 (Revised) Total FOB value of Exports 5.11 25.56 33.26 47.70 61.45 173.08 FE Outgo 0.00 0.07 0.07 0.07 1.15 1.36 NFE Earnings 5.11 25.50 33.19 47.63 60.30 171.73 Relevant Provision: As per 1st proviso to Rule No. 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 manufacturing or service capacity, if it meets the requirements of rule 18”]. Other Information: - M/s. MUFG Pension & Market Services India Private Limited granted LOA NO. SEEPZ/EPTPL- SEZ/LASPL/31/2021-22/598 dated 06.07.2021 (Original LOA), located 8th Floor, A Wing, Congo Building, Embassy Pune TechZone Private Limited- SEZ, RGIP, Phase II, Hinjewadi, Pune 411057 DCP: 01.03.2022 LOA valid till: 28.02.2027 Reason for Broad-banding with Revision in Projection: The unit has submitted that, since they have different business verticals and therefore, their management intend to expand the horizon of their business offerings from their SEZ unit within India and outside India for proposed additional services as mentioned and increasing demand from their existing clients for a wider range of services. In this regard, they have proposed for Broad banding of their Approved authorized operations. The unit has enclosed following documents along with their application: Copy of Form F3 filed through SEZ Online system. Copy of Revised Foreign Exchange Balance Sheet. Copy of LOA List of Imported & Indigenous Capital goods.

List of Imported and Indigenous Services. Board Resolution Form F filed at the time of New Unit Application e. Recommendation: Approval Committee may like to consider the proposal for Broad Banding of approved Authorized operations to include additional services into existing LOA with revision in projection, in terms of Rule 19(2) of SEZ Rules, 2006.

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