Agenda for Approval Committee meeting for EOU and SEZ under Pune Cluster scheduled on 07th May, 2026. — 06-infosys-developer-i

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. INFOSYS LTD -SEZ (Developer I)

DATE : 07.05.2026

TIME : 11:00 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 07.05.2026 INDEX

Agenda Item No.

Subject Agenda Item No. 01: - Confirmation of the Minutes of the meeting held on 30.03.2026 Agenda Item No. 02: - Action taken report for the Minutes of the meeting held on 30.03.2026 Agenda Item No. 03: - Monitoring of performance for M/s. Infosys BPM Ltd. (Unit I) Agenda Item No. 04:-
Monitoring of performance for M/s. Infosys BPM Ltd. (Unit II) Agenda Item No. 05:- Monitoring of performance for M/s. Infosys Ltd. (LOA 62)

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मेसस इंफो सस लिमटेड-एसईजेड (चरण-I) के लए ेीय िवकास आयु सीज़-एसईज़ेड, मुंबई क" अ$यता म& 30.03.2026 को आयो जत अनुमोदन सिम)त क" 24 व* बैठक का कायवृ.। 1 एसईजेड का नाम मेसस इंफो सस लिमटेड-एसईजेड (चरण-I) 2 से0टर आईटी/आईटीईएस 3 बैठक सं1या 24 व*
4 तारीख 30.03.2026 उप56थत सद6य:

नाम और पदनाम (एस/:ी.)
िवभाग 1 :ीमती िमतल िहरेमठ, संयु िवकास आयु

ेड का नाम मेसस इंफो सस लिमटेड-एसईजेड (चरण-I) 2 से0टर आईटी/आईटीईएस 3 बैठक सं1या 24 व*
4 तारीख 30.03.2026 उप56थत सद6य:

नाम और पदनाम (एस/:ी.)
िवभाग 1 :ीमती िमतल िहरेमठ, संयु िवकास आयु

पुणे >6टर एसईजेड, पुणे 2 :ी संजय बांगर, उप उ?ोग िनदेशक, पुणे े महाराAB सरकार से नािमत 3 :ी लेटो लोबो, सहायक िवदेश Cयापार महािनदेशक पुणे डीजीएफटी िवभाग से नािमत 4 :ी धवल EशकF , अधीक सीमा शुGक िवभाग, पुणे से नािमत 5 :ी नवनाथ अवताडे, उप ेीय अ)धकारी महाराAB Hदूषण िनयंण बोड से नािमत िवशेष आमंित : 8. नाम एवं पदनाम(:ी/ :ीमती) िवभाग 1 :ी िवनय खापरे (एसएओ), कायवाहक िविनLदA अ)धकारी सीज़-एसईज़ेड, पुणे >6टर

एज&डा िवषय 8 01: 02.01.2026 को आयो जत 23 व* बैठक के कायवृ. क" पुिA। िवचार-िवमश के बाद, सिम)त ने 02.01.2026 को आयो जत अनुमोदन सिम)त क" 23 व* बैठक के कायवृ. क" पुिA क"। एजडा िवषय 8 02: 02.01.2026 को आयोजत बैठक के कायवृ के िलए क गई कारवाई "रपोट। %वचार-%वमश के बाद, सिमित ने 02.01.2026 को आयोजत बैठक के िलए क गई कारवाई "रपोट नोट क है।
एज&डा िवषय 8 03: मेसस इMफो सस लिमटेड, यूिनट I के Hदशन क" िनगरानी। िवचार-िवमश के बाद, सिम)त ने एसईजेड िनयम, 2006 के िनयम 54 के अनुसार, इकाई के पहले Nलॉक अव)ध के पाँच वष , अथात िव. वष 2007-08 से 2011-12 , दूसरे Nलॉक अव)ध के पाँच वष, अथात िव. वष 2012-13 से 2016-17, तीसरे Nलॉक अव)ध के पाँच वष, अथात िव. वष 2017-18 से 2021-22 और चौथे Nलॉक अव)ध के तीन वषR के लए, अथात िव. वष 2022-23 से 2024-25 तक के Hदशन को नोट िकया। इकाई ने पहले Nलॉक अव)ध के पाँच वषR म& अथात िव.

Nलॉक अव)ध के पाँच वष, अथात िव. वष 2017-18 से 2021-22 और चौथे Nलॉक अव)ध के तीन वषR के लए, अथात िव. वष 2022-23 से 2024-25 तक के Hदशन को नोट िकया। इकाई ने पहले Nलॉक अव)ध के पाँच वषR म& अथात िव. वष 2007-08 से 2011-12 म& 7046.92 करोड़ Tपये के अनुमािनत िनयात क" तुलना म& 6124.65 करोड़ Tपये का िनयात राज6व HाU िकया है। इकाई ने पहले Nलॉक अव)ध के पाँचवे वष म& अथात िव. वष 2011-12 म& 4980.80 करोड़ Tपये अथात 81.32% का सकाराVमक संचयी एनएफई (NFE) HाU िकया है। इकाई ने दूसरे Nलॉक अव)ध के पाँच वषR म& अथात िव. वष 2012-13 से 2016-17 म& 17601.26 करोड़ Tपये के अनुमािनत िनयात क" तुलना म& 22078.73 करोड़ Tपये का िनयात राज6व HाU िकया है।

इकाई ने दूसरे Nलॉक अव)ध के पाँचवे वष म& अथात िव. वष 2016-17 म& 14265.96 करोड़ Tपये अथात 64.61% का सकाराVमक संचयी एनएफई (NFE) HाU िकया है। इकाई ने तीसरे Nलॉक अव)ध के पाँच वषR म& अथात िव. वष 2017-18 से 2021-22 म& 26454.00 करोड़ Tपये के अनुमािनत िनयात क" तुलना म& 31437.59 करोड़ Tपये का िनयात राज6व HाU िकया है। इकाई ने तीसरे Nलॉक अव)ध के पाँचवे वष म& अथात िव. वष 2021-22 म& 17882.27 करोड़ Tपये अथात 56.88% का सकाराVमक संचयी एनएफई (NFE) HाU िकया है। इकाई ने चौथे Nलॉक अव)ध के तीन वषR म& अथात िव. वष 2022-23 से 2024-25 म& 19865.65 करोड़ Tपये के अनुमािनत िनयात क" तुलना म& 24533.57 करोड़ Tपये का िनयात राज6व HाU िकया है। इकाई ने चौथे Nलॉक अव)ध के तीसरे वष म& अथात िव.

)ध के तीन वषR म& अथात िव. वष 2022-23 से 2024-25 म& 19865.65 करोड़ Tपये के अनुमािनत िनयात क" तुलना म& 24533.57 करोड़ Tपये का िनयात राज6व HाU िकया है। इकाई ने चौथे Nलॉक अव)ध के तीसरे वष म& अथात िव. वष 2024-25 म& 13142.44 करोड़ Tपये अथात 53.57% का सकाराVमक संचयी एनएफई (NFE) HाU िकया है। िविनLदA अ)धकारी के Wरपोट के अनुसार, इकाई ने 31.03.2025 तक 9799 कमचारी (पुTष- 6214, मिहला- 3585) रोजगार HाU िकया है। सिम)त ने इकाई को िनदFश िदया िक वह Nलॉक क" शेष अव)ध के दौरान 6वीकृत HेपणX के अनुसार रोजगार सृजन सुिन)Yत करे। सिम)त ने नोट िकया िक 31.03.2025 तक इकाई के लए अनुमत सीमा से अ)धक लंिबत िवदेशी मुZा HािU राEश 19.08 करोड़ Tपये है। अनुमोदन सिम)त ने इकाई को िनदFश िदया िक वह लंिबत िवदेशी मुZा HािU सुिन)Yत करे अथवा भारतीय Wरज़व ब[क (आरबीआई) से समय-िव6तार HाU करे। सिम)त ने नोट िकया िक इकाई \ारा डीएसपीएफ ( DSPF) क" फाइ]लग Hि8या म& है। सिम)त ने इकाई को िनदFश िदया िक सभी लंिबत डीएसपीएफ तुरंत दा खल िकए जाएं। साथ ही, 01.04.2026 से आगे के लए इकाई को चेतावनी दी जाती है िक डीएसपीएफ फाइ]लग 6 माह से अ)धक लंिबत नह* रहनी चािहए। सिम)त ने नोट िकया िक ि\तीय Nलॉक से आगे के APRs म& इकाई \ारा आया)तत पूंजीगत व6तुओं (Imported Capital Goods) के अमॉटाइजेशन के मान गलत ^प से दज िकए गए ह[। सिम)त ने इकाई को िनदFEशत िकया िक वह संबं)धत एपीआर (APRs) म& उ अमॉटाइजेशन मानX को संशो)धत/सुधाWरत करे। एज&डा िवषय 8 04: मेसस इMफो सस लिमटेड, यूिनट II के Hदशन क" िनगरानी। िवचार-िवमश के बाद, सिम)त ने एसईजेड िनयम, 2006 के िनयम 54 के अनुसार, इकाई के पहले Nलॉक अव)ध के पाँच वष , अथात िव. वष 2012-13 से 2016-17, दूसरे Nलॉक अव)ध के पाँच वष , अथात िव.

Hदशन क" िनगरानी। िवचार-िवमश के बाद, सिम)त ने एसईजेड िनयम, 2006 के िनयम 54 के अनुसार, इकाई के पहले Nलॉक अव)ध के पाँच वष , अथात िव. वष 2012-13 से 2016-17, दूसरे Nलॉक अव)ध के पाँच वष , अथात िव. वष वष 2017-18 से 2021-22, और तीसरे Nलॉक अव)ध के तीन वषR के लए, अथात िव. वष 2022-23 से 2024-25 तक; के Hदशन को नोट िकया। इकाई ने पहले Nलॉक अव)ध के पाँच वषR म& अथात िव. वष 2012-13 से 2016-17 म& 3950.53 करोड़ Tपये के अनुमािनत िनयात क" तुलना म& 5552.77 करोड़ Tपये का िनयात राज6व HाU िकया है। इकाई ने पहले Nलॉक अव)ध के पाँचवे वष म& अथात िव. वष 2016-17 म& 3427.82 करोड़ Tपये अथात 61.73% का सकाराVमक संचयी एनएफई (NFE) HाU िकया है। इकाई ने दूसरे Nलॉक अव)ध के पाँच वषR म& अथात िव. वष 2017-18 से 2021-22, म& 16721.85 करोड़ Tपये के अनुमािनत िनयात क" तुलना म& 22251.00 करोड़ Tपये का िनयात राज6व HाU िकया है। इकाई ने दूसरे Nलॉक अव)ध के पाँचवे वष म& अथात िव. वष 2021-22 म& 12828.40 करोड़ Tपये अथात 57.65% का सकाराVमक संचयी एनएफई (NFE) HाU िकया है।

इकाई ने तीसरे Nलॉक अव)ध के तीन वषR म& अथात िव. वष 2022-23 से 2024-25 म& 14309.10 करोड़ Tपये के अनुमािनत िनयात क" तुलना म& 16805.57 करोड़ Tपये का िनयात राज6व HाU िकया है। इकाई ने तीसरे Nलॉक अव)ध के तीन वष म& अथात िव.

व)ध के तीन वषR म& अथात िव. वष 2022-23 से 2024-25 म& 14309.10 करोड़ Tपये के अनुमािनत िनयात क" तुलना म& 16805.57 करोड़ Tपये का िनयात राज6व HाU िकया है। इकाई ने तीसरे Nलॉक अव)ध के तीन वष म& अथात िव. वष 2024-25 म& 9303.52 करोड़ Tपये अथात 55.36% का सकाराVमक संचयी एनएफई (NFE) HाU िकया है। िविनLदA अ)धकारी के Wरपोट के अनुसार, इकाई ने 31.03.2025 तक 7614 कमचारी (पुTष- 4834, मिहला- 2780) रोजगार HाU िकया है। सिम)त ने इकाई को िनदFश िदया िक वह Nलॉक क" शेष अव)ध के दौरान 6वीकृत HेपणX के अनुसार रोजगार सृजन सुिन)Yत करे। सिम)त ने नोट िकया िक 31.03.2025 तक इकाई के लए अनुमत सीमा से अ)धक लंिबत िवदेशी मुZा HािU राEश 8.09 करोड़ Tपये है। अनुमोदन सिम)त ने इकाई को िनदFश िदया िक वह लंिबत िवदेशी मुZा HािU सुिन)Yत करे अथवा भारतीय Wरज़व ब[क (आरबीआई) से समय-िव6तार HाU करे। सिम)त ने नोट िकया िक इकाई \ारा डीएसपीएफ ( DSPF) क" फाइ]लग Hि8या म& है। सिम)त ने इकाई को िनदFश िदया िक सभी लंिबत डीएसपीएफ तुरंत दा खल िकए जाएं। साथ ही, 01.04.2026 से आगे के लए इकाई को चेतावनी दी जाती है िक डीएसपीएफ फाइ]लग 6 माह से अ)धक लंिबत नह* रहनी चािहए। सिम)त ने नोट िकया िक पहले दो Nलॉक के APRs म& इकाई \ारा आया)तत पूंजीगत व6तुओं ( Imported Capital Goods) के अमॉटाइजेशन के मान गलत ^प से दज िकए गए ह[। सिम)त ने इकाई को िनदFEशत िकया िक वह संबं)धत एपीआर (APRs) म& उ अमॉटाइजेशन मानX को संशो)धत/सुधाWरत करे। अ$य को धMयवाद _ापन के साथ बैठक समाU हुई।

Minutes of the 24th Meeting of the Approval Committee held under the Chairmanship of Zonal Development Commissioner SEEPZ-SEZ for Sector Specific Special Economic Zone for IT/ITES of M/s.

Minutes of the 24th Meeting of the Approval Committee held under the Chairmanship of Zonal Development Commissioner SEEPZ-SEZ for Sector Specific Special Economic Zone for IT/ITES of M/s. Infosys Ltd.-SEZ, Hinjewadi, Phase-I SEZ, Pune, held on 30.03.2026. 1 Name of the SEZ M/s. Infosys Ltd.-SEZ (Phase-I)

2 Sector IT/ITES 3 Meeting No. 24th
4 Date 30.03.2026 Members present: Sr No Name and Designation (S/Shri.) Department 1 Smt. Mital Hiremath, Jt. Development Commissioner Pune Cluster SEZ, Pune 2 Shri. Sanjay Bangar, Dy. Director of Industries, Pune Region Nominee of Govt. of Maharashtra 3 Shri Plato Lobo, Asstt. Director General of Foreign Trade Nominee of DGFT, Pune 4 Shri. Dhaval Shirke, Superintendent Nominee of Customs, Pune 5 Shri Navanath Awatade, Sub Regional Officer Nominee of Maharashtra Pollution Control Board Special Invitee: Sr Name and Designation Department 1 Shri. Vinay Khapre (SAO), Acting Specified Officer SEEPZ-SEZ, Pune Cluster

Agenda Item No. 01: Confirmation of Minutes of the 23rd meeting held on 02.01.2026. After deliberation, the Committee confirmed the minutes of the 23rd meeting of Approval Committee held on 02.01.2026. Agenda Item No.02: Action taken report for the minutes of the meeting held on 02.01.2026.
After deliberation, the Committee has noted the Action taken report for the meeting held on 02.01.2026. Agenda Item No. 03: Monitoring of Performance for M/s. Infosys Limited Unit I.
After deliberation, the Committee noted the performance of the unit for 5 years of the 1st Block period i.e.

01.2026. Agenda Item No. 03: Monitoring of Performance for M/s. Infosys Limited Unit I.
After deliberation, the Committee noted the performance of the unit for 5 years of the 1st Block period i.e. FY 2007- 08 to FY 2011-12, 5 years of the 2nd Block period i.e. FY 2012-13 to FY 2016-17, 5 years of the 3 rd Block period i.e. FY 2017-18 to FY 2021-22 and 3 years of 4th Block period i.e. FY 2022-23 to FY 2024-25, in terms of Rule 54 of SEZ Rules, 2006. The Unit has achieved export revenue of Rs. 6124.65 Crores as against projected export of Rs. 7046.92 Crores in the 5 years i.e. FY 2007-08 to FY 2011-12 of 1st Block period. The unit has achieved positive cumulative NFE of Rs. 4980.80 Crores i.e. 81.32% in the 5th year i.e. FY 2011-12 of the 1st Block period. The Unit has achieved export revenue of Rs. 22078.73 Crores as against projected export of Rs. 17601.26 Crores in the 5 years i.e. FY 2012-13 to FY 2016-17 of 2nd Block period.

The unit has achieved positive cumulative NFE of Rs. 14265.96 Crores i.e. 64.61% in the 5th year i.e. FY 2016-17 of the 2nd Block period. The Unit has achieved export revenue of Rs. 31437.59 Crores as against projected export of Rs. 26454.00 Crores in the 5 years i.e. FY 2017-18 to FY 2021-22 of 3rd Block period. The unit has achieved positive cumulative NFE of Rs. 17882.27 Crores i.e. 56.88% in the 5th year i.e. FY 2021-22 of the 3rd Block period. The Unit has achieved export revenue of Rs. 24533.57 Crores as against projected export of Rs. 19865.65 Crores in the 3 years i.e.

i.e. 56.88% in the 5th year i.e. FY 2021-22 of the 3rd Block period. The Unit has achieved export revenue of Rs. 24533.57 Crores as against projected export of Rs. 19865.65 Crores in the 3 years i.e. FY 2022-23 to FY 2024-25 of 4th Block period. The unit has achieved positive cumulative NFE of Rs. 13142.44 Crores i.e. 53.57% in the 3rd year i.e. FY 2024-25 of the 4th Block period. As per SO report, the unit has achieved employment of 9799 employees (Male: 6214, Female: 3585) as on 31.03.2025. The Committee directed the unit to achieve the employment as per the approved projections in the remaining period of the Block. The Committee noted that as on 31.03.2025, the unit has pending foreign exchange realization of Rs. 19.08 Crores, beyond the permissible limit. The Committee directed the unit to either realize the outstanding amount or obtain an extension for realization from the Reserve Bank of India (RBI). The Committee noted that the DSPF filings of the unit are currently under process. The Committee directed the unit to submit all pending DSPFs immediately. Further, with effect from 01.04.2026, the unit is warned that DSPF filings should not remain pending for more than six months. The Committee noted that incorrect values of amortization of Imported Capital Goods have been entered by the unit in their APRs from the Second block onwards. The Committee directed the unit to rectify the said amortization values of Imported Capital Goods in the relevant APRs. Agenda Item No. 04: Monitoring of Performance for M/s. Infosys Limited Unit II.

The Committee directed the unit to rectify the said amortization values of Imported Capital Goods in the relevant APRs. Agenda Item No. 04: Monitoring of Performance for M/s. Infosys Limited Unit II. After deliberation, the Committee noted the performance of the unit for 5 years of the 1st Block period i.e. FY 2012- 13 to 2016-17, 5 years of the 2nd Block period i.e. FY 2017-18 to FY 2021-22, 3 years of the 3 rd Block Period i.e. FY 2022-23 to FY 2024-25, in terms of Rule 54 of SEZ Rules, 2006. The Unit has achieved export revenue of Rs. 5552.77 Crores as against projected export of Rs. 3950.53 Crores in the 5 years i.e. FY 2012-13 to 2016-17 of 1st Block period. The unit has achieved positive cumulative NFE of Rs. 3427.82 Crores i.e. 61.73% in the 5th year i.e. FY 2016-17 of the 1st Block period. The Unit has achieved export revenue of Rs. 22251 Crores as against projected export of Rs. 16721.85 Crores in the 5 years i.e. FY 2017-18 to FY 2021-22 of 2nd Block period. The unit has achieved positive cumulative NFE of Rs. 12828.40 Crores i.e. 57.65% in the 5th year i.e. FY 2021-22 of the 2nd Block period.

e 5 years i.e. FY 2017-18 to FY 2021-22 of 2nd Block period. The unit has achieved positive cumulative NFE of Rs. 12828.40 Crores i.e. 57.65% in the 5th year i.e. FY 2021-22 of the 2nd Block period.

The Unit has achieved export revenue of Rs. 16805.57 Crores as against projected export of Rs. 14309.10 Crores in the 3 years i.e. FY 2022-23 to FY 2024-25 of 3 rd Block period. The unit has achieved positive cumulative NFE of Rs. 9303.52 Crores i.e. 55.36% in the 3rd year i.e. FY 2024-25 of the 3rd Block period. As per SO report, the unit has achieved employment of 7614 employees (Male: 4834, Female:2780) as on 31.03.2025. The Committee directed the unit to achieve the employment as per the approved projections in the remaining period of the Block. The Committee noted that as on 31.03.2025, the unit has pending foreign exchange realization of Rs. 8.09 Crores, beyond the permissible limit. The Committee directed the unit to either realize the outstanding amount or obtain an extension for realization from the Reserve Bank of India (RBI). The Committee noted that the DSPF filings of the unit are currently under process. The Committee directed the unit to submit all pending DSPFs immediately. Further, with effect from 01.04.2026, the unit is warned that DSPF filings should not remain pending for more than six months. The Committee noted that incorrect values of amortization of Imported Capital Goods have been entered by the unit in their APRs for the first two Blocks.

not remain pending for more than six months. The Committee noted that incorrect values of amortization of Imported Capital Goods have been entered by the unit in their APRs for the first two Blocks. The Committee directed the unit to rectify the said amortization values of Imported Capital Goods in the relevant APRs. Meeting ended with a vote of thanks to the Chair.
signaturerectangle-1-186 (6ाने7र बी. पाट9ल, आयएएस) (Dnyaneshwar B. Patil, IAS) अ;य<-सह- %वकास आयु> Chairman-cum- Development Commissioner Digitally signed by Dnyaneshwar Bhalchandra Patil Date: 2026.04.15 11:58:13 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

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 30-03-2026 Agenda Item No. Subject Remarks Agenda Item No. 01 Confirmation of the Minutes of the 21st Meeting held on 09-05-2025 Minutes of the meeting held on 09.05.2025 confirmed by the Approval Committee. Agenda Item No. 02 Application for Monitoring of Performance(M/s Infosys Limited Unit I ) Approval letter was sent to the unit on 15.04.2026 Agenda Item No. 03 Application for Monitoring of Performance(M/s. Infosys Limited Unit II) Approval letter was sent to the unit on 15.04.2026

I. Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2021-22 320.21 503.45 0.00 0.00 13.49 1.81 26.03 Year Cumulative NFE Achieved Cumulative % NFE Achieved 2021-22 1885.95 91.72% 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 : Monitoring of the performance of M/s. Infosys BPM Limited Unit I, an IT/ITES unit located in M/s. Infosys Ltd.-SEZ, Pune, for 5th year i.e. FY 2021-22 of the 3rd Block period (FY 2017-18 to FY 2021-22) and 3 years i.e. FY 2022-23 to FY 2024-25 of 4th Block period (FY 2022-23 to FY 2026-27). b.

s. Infosys Ltd.-SEZ, Pune, for 5th year i.e. FY 2021-22 of the 3rd Block period (FY 2017-18 to FY 2021-22) and 3 years i.e. FY 2022-23 to FY 2024-25 of 4th Block period (FY 2022-23 to FY 2026-27). b. Specific Issue on which decision of AC is required: -
Monitoring of the performance of the unit for 5th year i.e. FY 2021-22 of the 3 rd Block period (FY 2017-18 to FY 2021-22) and 3 years i.e. FY 2022-23 to FY 2024-25 of 4th Block 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: - Performance as compared to projections for 5 th year i.e. FY 2021-22 of 3 rd Block period (FY 2017-18 to FY 2021-22) Approved Projections (Rs. In Crores)

2017-18 2018-19 2019-20 2020-21 2021-22 Total FOB Value of Exports 299.69 303.17 308.76 314.44 320.21 1546.27 FE Outgo 73.96 71.57 75.97 74.10 78.58 374.18 NFE 225.73 231.60 232.79 240.34 241.63 1172.09 Performance as compared to projections: (Rs. In Crores)

Cumulative NFE achieved: FY 2022-23 (Rs. in Crores)

60 232.79 240.34 241.63 1172.09 Performance as compared to projections: (Rs. In Crores)

Cumulative NFE achieved: FY 2022-23 (Rs. in Crores)

I. Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2022-23 479.68 462.95 0.00 0.00

43.55 1.62 126.65 2023-24 498.22 463.26 0.00 0.00 2.59 70.18 2024-25 517.06 440.96 0.00 0.00 1.93 81.65 Total 1494.96 1367.17 0.00 0.00 43.55 6.14 278.48 Year Cumulative NFE Achieved Cumulative % NFE Achieved 2022-23 334.23 72.19% 2023-24 725.07 78.28% 2024-25 1082.10 79.15% Performance as compared to projections for years of 4 th Block period FY 2022-23 to FY 2026-27. Approved Projections (Rs. In Crores)

2022-23 2023-24 2024-25 2025-26 2026-27 Total FOB Value of Exports 479.68 498.22 517.06 536.21 555.99 2587.16 FE Outgo 62.55 64.80 67.13 69.49 71.93 335.90 NFE 417.13 433.42 449.93 466.72 484.06 2251.26 Performance as compared to projections: (Rs. In Crores)

Cumulative NFE achieved: FY 2022-23 (Rs. in Crores)

Employment Achievement (Direct): FY 2024-25

Projected Achieved Men 2666 2314 Women 1634 1858 Total 4300 4172

Name of the Unit M/s Infosys BPM Limited (Unit I) LOA No. & Date SEEPZ/NEW SEZ/INFOSYS- PUNE/02/LOA-02/2007-08/5342 dated 24.07.2007 Location of Unit Plot No. 24/3, Rajiv Gandhi Infotech Park, Mann Village, Tal.

it M/s Infosys BPM Limited (Unit I) LOA No. & Date SEEPZ/NEW SEZ/INFOSYS- PUNE/02/LOA-02/2007-08/5342 dated 24.07.2007 Location of Unit Plot No. 24/3, Rajiv Gandhi Infotech Park, Mann Village, Tal. Mulshi, Hinjewadi, Pune 411 057 Validity of LOA 31.03.2027 Item(s) of manufacture/ Services IT/ITES Date of commencement of production 06.09.2007 Execution of BLUT 32.5 Crores Outstanding Rent dues NA Labour Dues NA Validity of Lease Agreement 01.04.2022 to 31.03.2027 Pending CRA Objection, if any NA

Pending Show Cause Notice/ Eviction Order/Recovery Notice/ Recovery Order issued, if any NA a. No. of employees as on 31.03.2024 4172 Employees (Men 2314, Women- 1858) Area allotted (in sq. ft.) 269119 Sq. ft. Area available for each employee per sq. ft. basis (area / no. of employees) 64.51 Sq. ft. Investment till date

Building Rs. 36.17 Crores Plant & Machinery Rs. 125.25 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 Officer vide his report dated 16.04.2026 has reported the following: Export: (Rs.

pecified Officer vide his report dated 16.04.2026 has reported the following: Export: (Rs. In Cr.) Year/ Period Figure as per APR Figure as per SOFTEX/ SB/ Custom records Diff if any Reason for Difference / Remark as conveyed by the Unit

INR INR INR

2021- 22

503.45

463.46

39.99 Onsite Services: 9.02 (in INR Crs.) Exports- Refer Rule 53(A) (a) to (k) (DTA Sale in FC): 32.05 (in INR Crs.)
SOFTEX Cancellation Adjusted during the F.Y. 2021-22: 1.08 (in INR Crs.) (9.02+32.05-1.08)-39.99 = NIL (Final Diff) 2022- 23

462.95

405.72

57.23 Onsite Services: 12.45 (in INR Crs.)

Exports- Refer Rule 53(A) (a) to (k) (DTA Sale in FC): 45.85 (in INR Crs.)

SOFTEX Cancellation Adjusted during the F.Y. 2022-23: 1.07 (in INR Crs.) (12.45+45.85-1.07)-57.23 = NIL (Final Diff)

SOFTEX Cancellation Adjusted during the F.Y. 2022-23: 1.07 (in INR Crs.) (12.45+45.85-1.07)-57.23 = NIL (Final Diff)

2023- 24

463.26

391.22

72.04 Onsite Services: 18.43 (in INR Crs.)

Exports- Refer Rule 53(A) (a) to (k) (DTA Sale in FC): 60.45 (in INR Crs.)

SOFTEX Cancellation Adjusted during the F.Y. 2023-24: 6.84 (in INR Crs.) (18.43+60.45-6.84)-72.04 = NIL (Final Diff)
2024- 25

440.96

342.03

98.92 Onsite Services: 21.53 (in INR Crs.)

Exports- Refer Rule 53(A) (a) to (k) (DTA Sale in FC): 78.46 (in INR Crs.)

SOFTEX Cancellation Adjusted during the F.Y. 2024-25: 1.07 (in INR Crs.) (21.53+78.46-1.07)-98.92 = NIL (Final Diff)

Import: Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis.

cellation Adjusted during the F.Y. 2024-25: 1.07 (in INR Crs.) (21.53+78.46-1.07)-98.92 = NIL (Final Diff)

Import: Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis. (Rs. In Cr.) Year/Period Figures as per APR Figures as per Customs Records / Bond Register Difference if any Reason for Difference/ Remark 2021-22 1.81 1.81 -
NA 2022-23 2.13 2.13 -
NA 2023-24 2.59 2.59 -
NA 2024-25 1.93 1.93 -
NA Raw Material (Rs. In Cr.) Year/ Period Figures as per APR (RM Imported) Figures as per Customs Records / Bond Register Difference if any Reason for Difference/Remark 2021- 22

•                         -            - 
  

NA 2022- 23

•                         -            - 
  

NA 2023- 24

•                         -            - 
  

NA 2024- 25

•                         -            - 
  

NA

BLUT: (Rs. In Cr.) Annexure – BLUT BLUT Date CG & Services Duty Forgone BLUT 1 27.05.2022 39.21 7.00

T: (Rs. In Cr.) Annexure – BLUT BLUT Date CG & Services Duty Forgone BLUT 1 27.05.2022 39.21 7.00

(Rs. In Cr.) Financial Year Import Indigenous Indigenous Services Total 2021-22 0.52 0.23 3.68 4.43 2022-23 0.58 0.17 6.25 7.00 2023-24 0.96 0.05 6.13 7.14 2024-25 0.84 0.05 6.05 6.93 Has the Unit procured goods and or services without having sufficient balance in their BLUT. No If yes, Month & Year when the BLUT was exhausted NA Details of the consignments and Total value of Goods procured without having sufficient or nil balance in BLUT NA

(d) Employment made as on date- (as on end of block period / year upto which monitoring is being done i.e. 31-Mar-2025)

Men Women Others Total Projected 5 Years (2022 - 2027) 2666 1634 0 4300 Achieved at the end of 31st Mar 2025 2314 1858 0 4172

(e) Details of pending Foreign Remittance beyond Permissible period if any (Rs. In Cr.) (as on 31-Mar-2025) To cross-check the same and verify whether necessary permission from AD Bank / RBI has been obtained.

8.75 The necessary permission from AD Bank has been received from ICICI Bank, Banglore for Extension of Softex in EDPMS. (Extension letter from AD bank is enclosed) (f) Whether all softex has been filed for the said period.

ssion from AD Bank has been received from ICICI Bank, Banglore for Extension of Softex in EDPMS. (Extension letter from AD bank is enclosed) (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 till March 2025 (h) Whether unit has filed any request for Cancellation of Softex Yes. List of cancelled request ids enclosed.

(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) Whether the unit has updated the BLUT ledger Module in SEZ Online. No (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. (Rs.

Online. No (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. (Rs. In Cr) Financial Year Assessable Value Duty Paid 2021-22 0.38 0.03 2022-23

2023-24 0.24 0.08 2024-25 0.11 0.03 Total 0.73 0.14

(l) Is the unit sharing any of their infrastructures 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

e 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 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

e. Recommendation: The Unit has achieved export revenue of Rs. 503.45 Crores as against projected export of Rs. 320.21 Crores and has achieved positive Cumulative NFE of Rs. 1885.95 Crores i.e. 91.72% in 5th year (i.e. FY 2021-22) of the 3 rd Block period (FY 2017-18 to FY 2021-22). The Unit has achieved export revenue of Rs. 1367.17 Crores as against projected export of Rs. 1494.96 Crores and has achieved positive Cumulative NFE of Rs. 1082.10 Crores i.e.79.15% in 3 years i.e. FY 2022-23 to FY 2024-25 of the 4th Block period (FY 2022-23 to FY 2026-27) As per the SO Report the unit has achieved employment of 4172 employees (Men-2314, Women- 1858) as on 31.03.2025. Approval Committee may like to monitor the performance of the Unit for 5th year i.e. FY 2021-22 of the 3 rd Block period (FY 2017-18 to FY 2021-22) and 3 years i.e.

14, Women- 1858) as on 31.03.2025. Approval Committee may like to monitor the performance of the Unit for 5th year i.e. FY 2021-22 of the 3 rd Block period (FY 2017-18 to FY 2021-22) and 3 years i.e. FY 2022-23 to FY 2024-25 of 4th Block period (FY 2022-23 to FY 2026-27).

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I. Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2020-21 402.32 445.09 0.00 0.00 17.88 2.80 35.14 Year Cumulative NFE Achieved Cumulative % NFE Achieved 2020-21 1763.46 90.18% 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

---

a. Proposal : Monitoring of the performance of M/s. Infosys BPM Limited Unit II, an IT/ITES unit located in M/s. Infosys Ltd.-SEZ, Pune, for 5th year i.e. FY 2020-21 of the 2nd Block period (FY 2016-17 to FY 2020-21) and 4 years i.e. FY 2021-22 to FY 2024-25 of 3rd Block period (FY 2021-22 to 2025-26). b. Specific Issue on which decision of AC is required: -
Monitoring of the performance of the unit for 5th year i.e. FY 2020-21 of the 2 nd Block period (FY 2016-17 to FY 2020-21) and 4 years i.e. FY 2021-22 to FY 2024-25 of 3rd Block period (FY 2021-22 to 2025-26), in terms of Rule 54 of SEZ Rules, 2006. c.

r i.e. FY 2020-21 of the 2 nd Block period (FY 2016-17 to FY 2020-21) and 4 years i.e. FY 2021-22 to FY 2024-25 of 3rd Block period (FY 2021-22 to 2025-26), 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 5 th year of 2nd Block period i.e. FY 2020-21 Approved Projections (Rs. In Crores)

2016-17 2017-18 2018-19 2019-20 2020-21 Total FOB Value of Exports 328.26 356.54 363.31 394.87 402.32 1845.30 FE Outgo 96.59 119.15 121.62 131.42 134.10 602.88 NFE 231.67 237.39 241.69 263.44 268.22 1242.42

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

Cumulative NFE achieved: FY 2022-23 (Rs. in Crores)

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

Cumulative NFE achieved: FY 2022-23 (Rs. in Crores)

I. Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2021-22 493.46 467.69 0.00 0.00

45.25 12.25 44.81 2022-23 505.75 511.99 0.00 0.00 7.44 79.30 2023-24 518.20 577.90 0.00 0.00 7.23 105.88 2024-25 530.80 537.38 0.00 0.00 4.80 25.34 Total 2048 2095 0.00 0.00 45.25 31.72 255.30 Year Cumulative NFE Achieved Cumulative % NFE Achieved 2021-22 418.87 89.56% 2022-23 847.20 86.48% 2023-24 1314.67 84.40% 2024-25 1821.89 86.97% Performance as compared to projections for 4 years i.e. FY 2021-22 to FY 2024-25 of 3 rd Block period Approved Projections (Rs. In Crores)

2021-22 2022-23 2023-24 2024-25 2025-26 Total FOB Value of Exports 493.46 505.75 518.20 530.80 543.88 2592.09 FE Outgo 64.81 66.05 67.56 69.08 70.66 338.16 NFE 428.65 439.70 450.64 461.72 473.22 2253.93 Performance as compared to projections: (Rs. In Crores)

Cumulative NFE achieved: FY 2022-23 (Rs. in Crores)

Employment Achievement (Direct): FY 2024-25

Projected Achieved Men 2635 2491 Women 1615 1669 Total 4250 4160

Name of the Unit M/s. Infosys BPM Limited (Unit II) LOA No. & Date SEZ/PUNE/3C/2009-10/5781 Dated 03.02.2010 Location of Unit Plot NO.

jected Achieved Men 2635 2491 Women 1615 1669 Total 4250 4160

Name of the Unit M/s. Infosys BPM Limited (Unit II) LOA No. & Date SEZ/PUNE/3C/2009-10/5781 Dated 03.02.2010 Location of Unit Plot NO. 24/3, Rajiv Gandhi Infotech Park, Mann Village, Tal. Mulshi, Hinjewadi, Pune 411 057 Validity of LOA 03.11.2026 Item(s) of manufacture/ Services IT/ITES Date of commencement of production 04.11.2011 Execution of BLUT 34.30 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 a. No. of employees as on 31.03.2025 4160 Employees (Men 2491, Women- 1669) Area allotted (in sq. ft.) 27871 Sq. Mtrs. Area available for each employee per sq. ft. basis (area / no. of employees) 21.12 Sq. Mtrs. Investment till date

Building Rs. 54.72 Crores Plant & Machinery Rs. 61.55 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 Officer vide his report dated 16.04.2026 has reported the following: a. E x p o r t :
(Rs.

ed 16.04.2026 has reported the following: a. E x p o r t :
(Rs. In Cr.) Year/ Period Figure as per APR Figure as per SOFTEX/ SB/ Custom records Diff if any Reason for Difference / Remark as conveyed by the Unit

INR INR INR

2020- 21

445.09

399.14

45.95 Onsite Services: 2.56 (in INR Crs.)

Exports- Refer Rule 53(A) (a) to (k) (DTA Sale in FC): 4.76 (in INR Crs.) Time Gap: 41.39
SOFTEX Cancellation Adjusted during the F.Y. 2020-21: 2.76 (in INR Crs.) (2.56+4.76+41.39-2.76)-45.95 = NIL (Final Diff)

2021- 22

467.69

422.52

45.17 Onsite Services: 3.31 (in INR Crs.)

Exports- Refer Rule 53(A) (a) to (k) (DTA Sale in FC): 52.90 (in INR Crs.)

SOFTEX Cancellation Adjusted during the F.Y. 2021-22: 11.04 (in INR Crs.) (3.31+52.90-11.04)-45.17 = NIL (Final Diff) 2022- 23

511.99

455.09

56.90 Onsite Services: 6.43 (in INR Crs.)

Exports- Refer Rule 53(A) (a) to (k) (DTA Sale in FC): 62.26 (in INR Crs.)

SOFTEX Cancellation Adjusted during the F.Y.

a) to (k) (DTA Sale in FC): 62.26 (in INR Crs.)

SOFTEX Cancellation Adjusted during the F.Y. 2022-23: 11.79 (in INR Crs.) (6.43+62.26-11.79)-56.90 = NIL (Final Diff) 2023- 24

577.90

490.97

86.93 Onsite Services: 6.27 (in INR Crs.)

Exports- Refer Rule 53(A) (a) to (k) (DTA Sale in FC): 85.63 (in INR Crs.)

SOFTEX Cancellation Adjusted during the F.Y. 2023-24: 4.97 (in INR Crs.) (6.27+85.63-4.97)-86.93 = NIL (Final Diff)
2024- 25

537.38

431.85

105.53 Onsite Services: 2.47 (in INR Crs.)

Exports- Refer Rule 53(A) (a) to (k) (DTA Sale in FC): 104.61 (in INR Crs.)

SOFTEX Cancellation Adjusted during the F.Y. 2024-25: 1.55 (in INR Crs.) (2.47+104.61-1.55)-105.53 = NIL (Final Diff) b. Import: i. Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis. (Rs.

.) (2.47+104.61-1.55)-105.53 = NIL (Final Diff) b. Import: i. Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis. (Rs. In Cr.) Year/ Period Figures as per APR Figures as per Customs Records / Bond Register Difference if any Reason for Difference/ Remark 2020-21 2.82 2.82 -
NA 2021-22 1.34 1.34 -
NA 2022-23 3.56 3.56 -
NA 2023-24 2.16 2.16 -
NA 2024-25 2.62 2.62 -
NA

ii. Raw Material (Rs. In Cr.) Year/ Period Figures as per APR (RM Imported) Figures as per Customs Records / Bond Register Difference if any Reason for Difference/Remark 2020-21 - - - NA 2021-22 - - - NA 2022-23 - - - NA 2023-24 - - - NA 2024-25 - - - NA c. BLUT: (Rs. In Cr.) BLUT Date CG & Services Duty Forgone BLUT 1 12.04.2022 34.30 4.33 (Rs.

NA c. BLUT: (Rs. In Cr.) BLUT Date CG & Services Duty Forgone BLUT 1 12.04.2022 34.30 4.33 (Rs. In Cr.) Financial Year Import Indigenous Indigenous Services Total 2020-21 NA NA NA NA 2021-22 0.56 0.02 1.81 2.39 2022-23 0.85 0.15 3.33 4.33 2023-24 0.80 0.17 3.60 4.57 2024-25 0.82 0.09 3.63 4.54 Has the Unit procured goods and or services without having sufficient balance in their BLUT. No If yes, Month & Year when the BLUT was exhausted NA Details of the consignments and Total value of Goods procured without having sufficient or nil balance in BLUT NA (d) Employment made as on date- (as on end of block period / year upto which monitoring is being done i.e. 31-Mar-2025)

Men Women Others Total Projected 5 Years (2021 - 2026) 2635 1615 0 4250 Achieved at the end of 31st Mar 2025 2491 1669 0 4160

(e) Details of pending Foreign Remittance beyond Permissible period if any (Rs. In Cr.) (as on 31-Mar-2025) To cross-check the same and verify whether necessary permission from AD Bank / RBI has been obtained. 0.30

The necessary permission from AD Bank has been received from ICICI Bank, Banglore for Extension of Softex in EDPMS vide Ref.ICICI/0583/2025-2026/IBPM-EXT dated 13.03.2026. (Extension letter from AD bank is enclosed)

n from AD Bank has been received from ICICI Bank, Banglore for Extension of Softex in EDPMS vide Ref.ICICI/0583/2025-2026/IBPM-EXT dated 13.03.2026. (Extension letter from AD bank is enclosed)

(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 till March 2025 (h) Whether unit has filed any request for Cancellation of Softex Yes. List of cancelled request ids enclosed. (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) Whether the unit has updated the BLUT ledger Module in SEZ Online. No (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. (Rs.

procured duty free in DTA against payment of Duty, or otherwise? Full details to be provided along with value of assets and duty discharged. (Rs. In Cr) Financial Year

Assessable Value Duty Paid 2020-21

2021-22

0.41 0.04 2022-23

2023-24

0.13 0.04 2024-25

0.08 0.02 Total

0.62 0.11

(l) Is the unit sharing any of their infrastructures 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

(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 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

e. Recommendation: The Unit has achieved export revenue of Rs. 445.09 Crores as against projected export of Rs. 402.32 Crores and achieved Positive Cumulative NFE of Rs. 1763.46 Crores i.e. 90.18% in 5th year (FY 2020-21) of the 2 nd Block period (FY 2016-17 to FY 2020-21). The Unit has achieved export revenue of Rs. 2095 Crores as against projected export of Rs. 2048 Crores and achieved Positive Cumulative NFE of Rs. 1821.89 Crores i.e. 86.97% in 4 years i.e.

20-21). The Unit has achieved export revenue of Rs. 2095 Crores as against projected export of Rs. 2048 Crores and achieved Positive Cumulative NFE of Rs. 1821.89 Crores i.e. 86.97% in 4 years i.e. FY 2021-22 to FY 2024-25 of the 3rd Block period (FY 2021-22 to FY 2025-26). As per the SO Report the unit has achieved employment of 4160 employees (Men-2491, Women- 1669) as on 31.03.2025. Approval Committee may like to monitor the performance of the Unit for 5th year i.e. FY 2020-21 of the 2 nd Block period (FY 2016-17 to FY 2020-21) and 4 years i.e. FY 2021-22 to FY 2024-25 of 3 rd Block period (FY 2021-22 to 2025-26).

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I. Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2023-24 285.50 384.14 0.00 0.00 19.40 1.22 97.74 Year Cumulative NFE Achieved Cumulative % NFE Achieved 2023-24 564.85 65.92% 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 : Monitoring of the performance of M/s. Infosys Limited, an IT/ITES unit located in M/s. Infosys Ltd.-SEZ, Pune, for 5 th year i.e. FY 2023-24 of 1st Block period (FY 2019-20 to FY 2023-24) and 1 st year i.e. FY 2024-25 of the 2 nd Block period (FY 2024-25 to FY 2028-29). b. Specific Issue on which decision of AC is required: -
Monitoring of the performance of the unit for 5th year i.e.

d 1 st year i.e. FY 2024-25 of the 2 nd Block period (FY 2024-25 to FY 2028-29). b. Specific Issue on which decision of AC is required: -
Monitoring of the performance of the unit for 5th year i.e. FY 2023-24 of 1 st Block period (FY 2019-20 to FY 2023-24) and 1st year i.e. FY 2024-25 of the 2 nd Block period (FY 2024-25 to FY 2028-29), 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 5th year i.e. FY 2023-24 of 1 st Block period (FY 2019-20 to FY 2023-24) Approved Projections (Rs. In Crores)

2019-20 2020-21 2021-22 2022-23 2023-24 Total FOB Value of Exports 10.80 144.90 275.80 282.40 285.50 999.40 FE Outgo 10.70 92.40 160.80 161.60 166.10 591.60 NFE 0.1 52.50 115.00 120.80 119.40 407.70

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

Cumulative NFE achieved: FY 2023-24 (Rs. in Crores)

0

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

Cumulative NFE achieved: FY 2023-24 (Rs. in Crores)

II. Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2024-25 421.30 372.29 0.00 0.00 10.00 -1.49 93.28 Year Cumulative NFE Achieved Cumulative % NFE Achieved 2024-25 279.02 74.95% Performance as compared to projections for 1 st year i.e. FY 2024-25 of 2 nd Block period (FY 2024-25 to FY 2028-29) Approved Projections (Rs. In Crores)

2024-25 2025-26 2026-27 2027-28 2028-29 Total FOB Value of Exports 421.30 463.00 509.30 560.00 616.00 2569.60 FE Outgo 190.00 209.00 229.90 253.00 278.30 1160.20 NFE 231.30 254.00 279.40 307.00 337.70 1409.40 Performance as compared to projections: (Rs. In Crores)

Cumulative NFE achieved: FY 2024-25 (Rs. in Crores)

Employment Achievement (Direct): as on 31.03.2025

Projected Achieved Men 860 690 Women 525 531 Total 1385 1221

Name of the Unit M/s. Infosys Limited LOA No. & Date SEEPZ-SEZ/MIDC-SEZ/IL UNIT II/62/2018-19/139 Dated 07.08.2018 Location of Unit SBD 5, 4th and 5th Floor, Plot No. 24-3, Plot No.

otal 1385 1221

Name of the Unit M/s. Infosys Limited LOA No. & Date SEEPZ-SEZ/MIDC-SEZ/IL UNIT II/62/2018-19/139 Dated 07.08.2018 Location of Unit SBD 5, 4th and 5th Floor, Plot No. 24-3, Plot No. 18, Rajiv Gandhi Infotech Park, Phase II, Pune 411 057 Validity of LOA 26.06.2029 Item(s) of manufacture/ Services IT/ITES Date of commencement of production 27.06.2019 Execution of BLUT 20.85 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 No. of employees as on 31.03.2024 1221 Employees (Men 690, Women-531) Area allotted (in sq. ft.) 72,963 Sq. ft. Area available for each employee per sq. ft. basis (area / no. of employees) 59.76 Sq. ft.

Investment till date

Building Rs. 0.00 Crores Plant & Machinery Rs. 15.37 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 Officer vide his report dated 17.04.2026 and 27.04.2026 has reported the following: The SO vide letter dated 17.04.2026 has reported as under: Export (INR In Crores ) Year/ Period Figure as per APR Figure as per SOFTEX/ SB/ Custom records Diff if any

(INR In Crores ) Year/ Period Figure as per APR Figure as per SOFTEX/ SB/ Custom records Diff if any Reason for Difference / Remark as conveyed by the Unit

INR

INR INR

2024- 25

372.29

342.12

30.17

• Onsite Services: 29.84 (in INR Crs.)

• Exports- Refer Rule 53(A) (a) to (k) (DTA Sale in FC): 0.001 (in INR Crs.)

• SOFTEX Cancelled during the F.Y. 2024-2025: 0.33 (in INR Crs.) (29.84+0.001+0.33)-30.17 = NIL (Final Diff)

Import (Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis. (Rs. In Cr.) Year/Period Figures as per APR Figures as per Customs Records / Bond Register Difference if any Reason for Difference/Remark 2024-25

NA

(Rs. In Cr.) Year/Period Figures as per APR Figures as per Customs Records / Bond Register Difference if any Reason for Difference/Remark 2024-25

NA

Raw material (Rs. In Cr.)
Year/Period Figures as per APR (RM Imported) Figures as per Customs Records / Bond Register Difference if any Reason for Difference/Remark 2024-25

                       -

BLUT (Rs. In Crs.) Value of BLUT Executed (Duty foregone) (including for CG / Raw Material / Services)

Total Duty Value of BLUT Executed BLUT Date CG & Services Duty Foregone BLUT 1 01.10.2024 20.80 1.66

Has the Unit procured goods and or services without having sufficient balance in their BLUT No 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

(c) Employment made as on date- (as on end of block period / year upto which monitoring is being done i.e. 31-Mar-2025) Year Men Women Oth Total Projected 5 Yrs (2024 to 2029) 860 525 0 1385 Achieved at end of 31st March 2025 690 531 0 1221

(d) Details of pending Foreign Remittance beyond Permissible period if any (Rs.

r Men Women Oth Total Projected 5 Yrs (2024 to 2029) 860 525 0 1385 Achieved at end of 31st March 2025 690 531 0 1221

(d) Details of pending Foreign Remittance beyond Permissible period if any (Rs. In Cr.) (as on 31-Mar-2025)

0.58 The Unit has applied for extension to Deutsche Bank AG, Bangalore on 17.03.2026 vide their letter No. INFY/ETX/2025-26/06 of Softex which are unrealized beyond permissible limit. Approval from AD Bank is awaited.

Copy of the letter dated 17.03.2026 is attached for information please.

(e) 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 (f) 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 till March 2025 (g) Whether unit has filed any request for Cancellation of Softex Yes. List of cancelled request ids enclosed. (h) Whether any Services provided in DTA / SEZ/EOU/STPI etc.

n certified till March 2025 (g) Whether unit has filed any request for Cancellation of Softex Yes. List of cancelled request ids enclosed. (h) 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 (i) Whether the unit has updated the BLUT ledger Module in SEZ Online. No (j) 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

(k) Is the unit sharing any of their infrastructures 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

he 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

(l) 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 (m) 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 (n) Details of the request IDs pending for OOC in respect of DTA procurement on the date of submission of monitoring report

No (o) 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

No

SO vide letter dated 27.04.2026 has reported as under: EXPORT-
(Rs.

ount of duty / tax recovered or yet to be recovered

No

SO vide letter dated 27.04.2026 has reported as under: EXPORT-
(Rs. in Crores and USD in Millions) Year/ Period Figure as per APR Figure as per SOFTEX/ SB/ Custom records Diff if any Reason for Difference / Remark as conveyed by th

INR USD INR USD INR USD

2023- 24

384.14

46.40

358.81

43.34

25.33

3.06

• Onsite Services: 30.95 (in INR Crs.) & 3.74 (in USD Mn)
• Exports- Refer Rule 53(A) (a) to (k) (DTA Sale in FC): 0.47 (in INR Crs.) & 0.06 (in USD Mn)
• SOFTEX Cancelled during the F.Y. 2023-24: 6.09 (in INR 0.74 (in USD Mn) (30.95+0.47-6.09)-25.33 = NIL (Final Diff)
  (3.74+0.06-0.74)-3.06 = NIL (Final Diff)

IMPORT
(Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis
(Rs. In Crores and USD in Millions) Year/Period Figures as per APR Figures as per Customs Records / Bond Register Difference if any Reason for Difference/Remark 2023-24 4.89 4.89

NA Raw material (Rs.

gures as per APR Figures as per Customs Records / Bond Register Difference if any Reason for Difference/Remark 2023-24 4.89 4.89

NA Raw material (Rs. In Crores and USD in Millions) Year/Period Figures as per APR (RM Imported) Figures as per Customs Records / Bond Register Difference if any Reason for Difference/Remark 2023-24

     -

BLUT 1 Value of BLUT Executed (Duty foregone) (including CG / Raw Material / Services) Executed on 31.08.2018 Executed on 01.10.2024

TOTAL value of BLUT Executed: in Crore F.No. SEEPZ-SEZ/MIDC-SEZ/IL UNIT III/63/2018-19/136/ dated 07.08.2018 Rs. 31.60 Crores Rs. 20.85 Crores

Rs.52.45 Crores 2 Total Duty Foregone on goods & services procured (Category-wise BLUT value utilized separately for imported and indigenous goods and services) This should be based on BLUT worksheet which provides for estimated value and duty foregone separately for each category of procurement. FY Goods (Imported & Indigenous) [Rs. in Crores] Services [Rs.

should be based on BLUT worksheet which provides for estimated value and duty foregone separately for each category of procurement. FY Goods (Imported & Indigenous) [Rs. in Crores] Services [Rs. in Crores] 2023-24 0.02 1.95 Total 0.02 1.95 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) (March 2024) Gender Nos. Men 666 Women 591 Total 1257

(e) Details of pending Foreign Remittance beyond Permissible period, if any (As on 31st March, 2024) To cross-check the same and verify whether necessary permission from AD Bank / RBI has been obtained. Rs.0.49 Crores. Letter of AD bank dated 15.04.2026 is attached for ready reference. (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, Softex id no. 142300342483, and 142400255410. (i) Whether any Services provided in DTA / SEZ/EOU/STPI etc.

ns for pendency. Yes. (h) Whether unit has filed any request for Cancellation of Softex Yes, Softex id no. 142300342483, and 142400255410. (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.

N.A. (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 infrastructures 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

th 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. 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 Nil (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 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 No e. Recommendation: The Unit has achieved export revenue of Rs. 384.14 Crores as against projected export of Rs. 285.50 Crores and has achieved Positive Cumulative NFE of Rs. 564.85 Crores i.e. 65.92% in 5th year i.e. FY 2023-24 of 1 st Block period (FY 2019-20 to FY 2023-24). The Unit has achieved export revenue of Rs.

ores and has achieved Positive Cumulative NFE of Rs. 564.85 Crores i.e. 65.92% in 5th year i.e. FY 2023-24 of 1 st Block period (FY 2019-20 to FY 2023-24). The Unit has achieved export revenue of Rs. 372.29 Crores as against projected export of Rs. 421.30 Crores and has achieved Positive Cumulative NFE of Rs. 279.02 Crores i.e.74.95% in 1st year i.e. FY 2024-25 of the 2 nd Block period (FY 2024-25 to FY 2028-29). As per the SO Report the unit has achieved employment of 1221 employees (Men-690, Women- 531) as on 31.03.2025. Approval Committee may like to monitor the performance of the Unit for 5th year i.e. FY 2023-24 of 1 st Block period (FY 2019-20 to FY 2023-24) and 1st year i.e. FY 2024-25 of the 2 nd Block period (FY 2024-25 to FY 2028- 29), in terms of Rule 54 of SEZ Rules, 2006.

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