Agenda for Approval Committee meeting for EOU and SEZ under Pune Cluster scheduled on 01st July, 2026. — 12-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 : 01.07.2026

TIME : 11.00 AM

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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 01.07.2026

INDEX

Agenda Item No.

Subject Agenda Item No. 01: - Confirmation of the Minutes of the meeting held on 07.05.2026 Agenda Item No. 02: - Action taken report for the Minutes of the meeting held on 07.05.2026 Agenda Item No. 03: - Application for partial deletion of area and revision in projections by M/s. Flextronics Technologies (I) Pvt Ltd. Agenda Item No. 04: Application for approval of Broad Banding to include additional items/products as a part of Authorized Operations without Revision in projections submitted by
M/s. Mercedes-Benz Research and Development India Pvt Ltd. Agenda Item No. 05: Monitoring of performance of M/s. MUFG Pension & Market Services India Private Limited. Agenda Item No. 06: Application for Approval for Change in Board of Directors submitted by M/s. Nitor Infotech Pvt Ltd Unit I. Agenda Item No. 07: Application for Approval for Change in Board of Directors submitted by M/s. Nitor Infotech Pvt Ltd Unit II.

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a Item No. 07: Application for Approval for Change in Board of Directors submitted by M/s. Nitor Infotech Pvt Ltd Unit II.

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मेसस एबेसी पुणे टेकजोन ाइवेट लिमटेड-एसईजेड, पुणे के आईटी/आईटीईएस के लए सेटर िवश िवशेष आ!थक #े$ के लए #े$ीय िवकास आयु& एसईईपीजेड-एसईजेड, मुंबई क( अ*य#ता म, 07.05.2026 को आयो-जत अनुमोदन सिम/त क( 110 व0 बैठक के कायवृ4। 1 एसईजेड का नाम मेसस एबेसी पुणे टेकजोन ाइवेट लिमटेड-एसईजेड, पुणे 2 सेटर आईटी/आईटीईएस 3 बैठक सं6या 110 व0
4 तारीख 07.05.2026 उप9:थत सद:य: ;. नाम एवं पदनाम(<ी/ <ीमती) िवभाग 1 <ीमती िमतल िहरेमठ, संयु& िवकास आयु& पुणे @:टर एसईजेड, पुणे 2 <ी अभनव राठी उप आयु&, आयकर िवभाग आयकर िवभाग से नािमत 3 <ी संजीव पािटल, उAोग अ/धकारी, पुणे #े$ महाराC सरकार का नामांिकत 4 <ी Dलेटो लोबो, सहायक िवदेश Eयापार महािनदेशक पुणे डीजीएफटी िवभाग से नािमत 5 <ी नवनाथ अवताडे, उप #े$ीय अ/धकारी महाराC दूषण िनयं$ण बोड से नािमत 6 <ी. शाIत रोहनकर, अधी#क क:टस, पुणे के नािमत Eयि& िवशेष आमंि$त : ;. नाम एवं पदनाम(<ी/ <ीमती) िवभाग 1 <ी शभू दयाल मीना, िविनJद अ/धकारी सीDज़-एसईज़ेड, पुणे लटर एज,डा आइटम नंबर 01: 30.03.2026 को आयो-जत 109 व0 बैठक के कायवृ4 क( पुि । िवचार-िवमश के बाद, सिम/त ने 30.03.2026 को आयो-जत 109 व0 अनुमोदन सिम/त क( बैठक के कायवृ4 क( पुि क(। एज,डा आइटम नंबर 02: िदनांक 30.03.2026 को आयो-जत 109 व0 बैठक के संदभ मे क( गयी कायवाई क( Mरपोट । िवचार-िवमश के बाद, सिम/त ने 30.03.2026 को आयो-जत अनुमोदन सिम/त क( 109 व0 बैठक के संदभ मे क( गयी कायवाई क( Mरपोट को नोट िकया।

6 को आयो-जत 109 व0 बैठक के संदभ मे क( गयी कायवाई क( Mरपोट । िवचार-िवमश के बाद, सिम/त ने 30.03.2026 को आयो-जत अनुमोदन सिम/त क( 109 व0 बैठक के संदभ मे क( गयी कायवाई क( Mरपोट को नोट िकया। एज,डा आइटम नंबर 03: मेसस एलटीआईमाइंडटCी लिमटेड Nारा इकाई के नाम एवं िनदेशक मंडल म, पMरवतन हेतु आवेदन :तुत िकया गया। िवचार-िवमश के बाद, सिम/त ने इकाई के नाम एवं िनदेशक मंडल म, बदलाव के :ताव को वाणOय एवं उAोग मं$ालय (MOC&I) Nारा िदनांक 18.10.2021 को जारी िनदPश सं6या 109 के अनुसार अनुमोिदत िकया। कंपनी का अनुमोिदत नाम

कंपनी का पूव नाम इकाई का :वीकृत नाम मेसस एलटीआई माइंडटCी लिमटेड मेसस एलटीएम लिमटेड

Sr No Name and Designation (Smt/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 Shri. Sanjiv Patil, Industries Officer, Pune Region Nominee of Govt. of Maharashtra 4 Shri Plato Lobo, Asstt. Director General of Foreign Trade Nominee of DGFT, Pune 5 Shri Navanath Awatade, Sub Regional Officer Nominee of Maharashtra Pollution Control Board 6 Shri.

. of Maharashtra 4 Shri Plato Lobo, Asstt. Director General of Foreign Trade Nominee of DGFT, Pune 5 Shri Navanath Awatade, Sub Regional Officer Nominee of Maharashtra Pollution Control Board 6 Shri. Prashant Rohanekar, Superintendent Nominee of Customs, Pune िनदेशक मंडल क( :वीकृत सूची: ;. िनदेशक का नाम पदनाम 1. <ी शेखरीपुरम नारायणन सुQRSयन गैर-कायकारी उपाय# 2. <ी वेणुगोपाल लबु सीईओ और बंध िनदेशक 3. <ी रामामूVत शंकर रामन गैर-कायकारी िनदेशक 4. <ी जेस वगWस अQाहम :वतं$ िनदेशक 5. <ी संजीव आगा :वतं$ िनदेशक 6. <ी िवनायक चटजW :वतं$ िनदेशक 7. सु<ी अपूवा पुरोिहत :वतं$ िनदेशक 8. <ी िबजू कुMरयन :वतं$ िनदेशक 9. <ी चंXशेखरन रामकृYणन :वतं$ िनदेशक अनुमोदन एमओसी&आई Nारा जारी अनुदेश सं6या 109 िदनांक 18.10.2021 म, िनधाMरत शतZ के अधीन है। अय# को धIयवाद [ापन के साथ बैठक समा\ हुई। Minutes of the 110th 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 07.05.2026 Name of the SEZ M/s. Embassy Pune TechZone Pvt. Ltd.-SEZ Sector IT/ITES Meeting No. 110th Date 07.05.2026 Members present: Special Invitee: Sr Name and Designation (Smt/Shri.) Department 1 Shri. Shambhu Dayal Meena , Specified Officer SEEPZ-SEZ, Pune Cluster Agenda Item No.01: Confirmation of the Minutes of the 109th meeting held on 30.03.2026 After deliberation, the Committee confirmed the minutes of the 109 th meeting of Approval Committee held on 30.03.2026.

tem No.01: Confirmation of the Minutes of the 109th meeting held on 30.03.2026 After deliberation, the Committee confirmed the minutes of the 109 th meeting of Approval Committee held on 30.03.2026. Agenda Item No.02: Action taken report for the Minutes of the 109 th meeting of Approval Committee held on 30.03.2026 After deliberation, the Committee noted the action taken report for the meeting held on 30.03.2026. Agenda Item No.03: Application submitted by M/s. LTIMindtree Limited for Change in name and Change in Board of Directors.

After deliberation, the Committee approved the proposal of the company for Change in name and Change in Board of Directors in terms of Instruction No. 109 dated 18.10.2021, issued by MOC&I. Approved name of the Company Previous Name of the Unit Approved Name of the Unit M/s. LTIMindtree Limited M/s. LTM Limited Approved List of Board of Directors: Sr. No. Name of Director Designation 1. Mr. Sekharipuram Narayanan Subrahmanyan Non-Executive Vice Chairman 2. Mr. Venugopal Lambu CEO and Managing Director 3. Mr. Ramamurthi Shankar Raman Non-Executive Director 4. Mr.James Varghese Abraham Independent Director 5. Mr. Sanjeev Aga Independent Director 6. Mr. Vinayak Chatterjee Independent Director 7. Ms. Apurva Purohit Independent Director 8. Mr. Bijou Kurien Independent Director 9. Mr. Chandrasekaran Ramakrishnan Independent Director 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.

signaturerectangle-1-186 (ानेर बी.

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.

signaturerectangle-1-186 (ानेर बी. पाटल, आयएएस) (Dnyaneshwar B. Patil, IAS) अ य!-सह- #वकास आयु& Chairman-cum- Development Commissioner Digitally signed by Dnyaneshwar Patil Date: 2026.05.26 10:59:28 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 07-05-2026 Agenda Item No. Subject Remarks Agenda Item No. 01 Confirmation of the Minutes of the 109th Meeting held on 30-03-2026 Minutes of the meeting held on 07.05.2026 confirmed by the Approval Committee. Agenda Item No. 02 Application for Change of Name(M/s. LTIMindtree Limited) Approval Letter was issued to the unit on 26.05.2026

f the meeting held on 07.05.2026 confirmed by the Approval Committee. Agenda Item No. 02 Application for Change of Name(M/s. LTIMindtree Limited) Approval Letter was issued to the unit on 26.05.2026

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 : Application received from M/s. Flextronics Technologies (I) Pvt Ltd., an IT/ITES unit located in Embassy TechZone Pvt Ltd –SEZ for partial deletion of area admeasuring 27,302 Sq Ft. and revision in projections. b. Specific Issue on which decision of AC is required: -
Approval of the Approval Committee for

1. Partial deletion of area admeasuring 27,302 Sq Ft. from the existing area of 81,334 Sq Ft
2. Revision of projection on account of above deletion of location, 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.

y 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: - Location / area proposed to be deleted: Existing Location and Area (Sq.ft.) Floor Area proposed to be deleted (Sq.ft) Remaining area after deletion(Sq.ft) 3rd Floor in Wing A, and 7 th Floor in A & B Wing of building Rhine (1.5) located at Embassy Office parks Pvt Ltd Embassy tech Zone, Plot No-PL 03A, RGIP Phase II, Hinjewadi, Pune- 411057 81,334 Sq Ft 3rd Floor in A Wing of building Rhine(1.5) located at Embassy Office parks Pvt Ltd Embassy tech Zone, Plot No-PL 03A, RGIP Phase II, Hinjewadi, Pune- 411057

27,302 Sq Ft 7th Floor in A & B Wing of building Rhine (1.5) located at Embassy Office parks Pvt Ltd Embassy tech Zone, Plot No-PL 03A, RGIP Phase II, Hinjewadi, Pune- 411057

54,032 Sq Ft Revision in Projection: Projections of Investment and Employment: (Rs. In Crores)
Sr.No Item Existing Approved Projections Revised Projection 1. Value of Capital Goods i. Indigenous 15.00 8.27 ii. Imported 0.00 0.00

Total 15.00 8.27 2. Value of Services i. Indigenous 0.00 0.00 ii. Imported 9.19 5.47

roved Projections Revised Projection 1. Value of Capital Goods i. Indigenous 15.00 8.27 ii. Imported 0.00 0.00

Total 15.00 8.27 2. Value of Services i. Indigenous 0.00 0.00 ii. Imported 9.19 5.47

Total 9.19 5.47 3. Employment Men Women Men Women 917 516 614 360

TOTAL 1433 974 Approved Projection: (Rs. In Cr) Sr.No Particulars 2023-24 2024-25 2025-26 2026-27 2027-28 Total 1. FOB Value of exports 211.47 228.05 247.89 269.20 291.59 1248.20 2. Foreign Exchange outgo 1.51 1.66 1.82 2.00 2.20 9.19 3. Net Foreign Exchange 209.96 226.39 246.07 267.20 289.39

1239.01 Proposed Projection: (Rs. In Cr)
Sr.No Particulars 2023-24 (Actual) 2024-25 (Actual) 2025-26 2026-27 2027-28 Total 1. FOB Value of exports 196.38 187.31 206.65 200.94 215.44 1006.72 2. Foreign Exchange outgo 1.75 1.64 1.82 1.82 1.82 8.86 3. Net Foreign Exchange 194.63 185.67 204.83 199.12 213.62 997.86 Other Information: - M/s. Flextronics Technologies (I) Pvt Ltd bearing LOA No. SEEPZ-SEZ/PEPPL-SEZ/FTIPL/06/2013-14/1601 dated 05.02.2014 Date of Commencement: 18.03.2014 LOA is valid up to: 17.03.2029 Reason for Partial deletion and Revision of Projections: The unit has informed that their operations in Coimbatore Special Economic Zone have grown significantly since their initial commencement. As part of their continued expansion, they need additional workforce support in Coimbatore.Therefore, they transferred a portion of their employees from Pune SEZ to Coimbatore SEZ to strengthen their Global Business Services Operations.

they need additional workforce support in Coimbatore.Therefore, they transferred a portion of their employees from Pune SEZ to Coimbatore SEZ to strengthen their Global Business Services Operations. Consequent to the internal relocation they would like to surrender the office space currently occupied.

The Specified Officer was requested for the ‘No Dues Certificate’ w.r.t. partial deletion of area vide letter dated 29.12.2025. The Specified Officer in their report dated 21.05.2026 has confirmed that: i. SEZ unit has de-bonded /removed all the unit owned bonded/non-bonded assets, which were lying in the proposed area to be deleted, by way of inter-unit Transfer to their another SEZ/STPI Unit, and Sale/Removal as General scrap /E-Waste/Hazardous Waste through authorized vendors/Recyclers, in accordance with Rules 38,39,47 and 49of the SEZ rules,2006 on payment of applicable duties and taxes. ii. As on date, no unit owned as well as Developer owned assets are lying on the 3 rd Floor of Wing A of the Rhine Building proposed area to be deleted. iii. Thus, in the view of the above, it is hereby confirmed that there are No pending dues of Customs Duty, Central Excise Duty, Service Tax or GST liabilities in respect of the said proposed partial deletion of total area 27,302 Sq. Ft of 3rd Floor in A wing of building Rhine, located at Embassy Pune TechZone Pvt ltd SEZ, RGIP, Phase II, Hinjewadi, Pune, in respect of M/s. Flextronics Technologies (I) Pvt Ltd, SEZ unit, with reference to LOA N. SEEPZ-SEZ/PEPPL-SEZ/FTIPL/06/2013-14/1601 dated 05.02.2014

e Pvt ltd SEZ, RGIP, Phase II, Hinjewadi, Pune, in respect of M/s. Flextronics Technologies (I) Pvt Ltd, SEZ unit, with reference to LOA N. SEEPZ-SEZ/PEPPL-SEZ/FTIPL/06/2013-14/1601 dated 05.02.2014

The unit has submitted the following documents with the application: i. Online application for partial deletion and revision in projections ii. Copies of LOAs iii. Copies of BLUT iv. Copy of Board Resolution v. Provisional No Objection Certificate from the Developer vi. Revised Foreign Exchange Balancesheet e. Recommendation: It has been observed that there is reduction in the total area by 33.56%. It has been also observed that there is a reduction in Export Revenue by 22.96%. for remaining 3 years of the block period (for FY 2025-26 to FY 2027-28). Number of projected employment has been reduced from 1433 (Men-917, Women- 516) to 974 (Men- 614, Women- 360) i.e 32.03% reduction. Approval Committee may consider the proposal of the unit for partial deletion of area admeasuring 27,302 Sq Ft and revision in projections in terms of Rule 19(2) of SEZ Rules, 2006.

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e proposal of the unit for partial deletion of area admeasuring 27,302 Sq Ft and revision in projections 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 06.05.2026 submitted by M/s. Mercedes-Benz Research and Development India Pvt Ltd , SEZ Unit located at Embassy TechZone SEZ for approval of Broad Banding to include additional items/products as a part of Authorized Operations without Revision in projections. b. Specific Issue on which decision of AC is required: -
Approval of Committee for Broad Banding of Additional items/ products as a part of Authorized operations without revision in projections 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: - The unit intends to expand its export of services under the ITES category to further strengthen and support the operations of its group companies.

e requirements of rule 18”] d. Other Information: - The unit intends to expand its export of services under the ITES category to further strengthen and support the operations of its group companies. This initiative is driven by the increasing demand for Information Technology and Information Technology Enabled Services (IT/ITeS) within the group. By enhancing its ITES capabilities, the unit seeks to improve operational efficiency, optimize costs, and deliver higher quality services to its group entities. Considering future business opportunities and ongoing group company inquiries, the company management has decided to apply for an amendment to the Letter of Approval to include additional items under the list of authorized operations to be carried out from the SEZ unit. The unit has received Letter of approval for setting up of unit on 25.03.2015 and at that time there was no mandatory requirement to furnish codes; accordingly, the entire range of services was approved under a single code.

tter of approval for setting up of unit on 25.03.2015 and at that time there was no mandatory requirement to furnish codes; accordingly, the entire range of services was approved under a single code. Since inception, the unit has been consistently using SAC codes as mentioned below for the export of services. 998313 - Information Technology Consulting and Support Services 998112 - Research and experimental development services in engineering and technology 998314 - Information technology design and development services Services Approved In Letter of Approval :
ITC-CPC Code Item Description 9981- 851 Information Technology and Information Technology Enabled Services, CAD/CAM/CIM Services, Embedded Engineering Services, Plant Engineering, Design Automation, Asset Information Management, Document Management Services, Engineering Process Support & Engineering, Change Management, Technical Authoring, Technical Testing and Analysis, Technical Inspection and Certification Services, Design Development, Testing and Supply of Prototype Samples. Proposed Broad banding to include additional items/products as a part of Authorized Operations and regularizing of Services in LOA:

ices, Design Development, Testing and Supply of Prototype Samples. Proposed Broad banding to include additional items/products as a part of Authorized Operations and regularizing of Services in LOA:

ITC HS Code SAC Code Item Description 851 998112 Research and development services in engineering and technology 813 997119 Financial services (Other financial services) 842 9983 Other business services, including Management consulting and management services including financial, strategic, human resources, marketing, operations, and supply chain management, Computer software services including information enabled services such as back office operations, content development or animation, data processing, engineering and design, support centres Information technology (IT) consulting and support services, Information technology (IT) design and development services, Hosting and information technology (IT) infrastructure provisioning services, IT infrastructure and network management services, Other information technology services n.e.c and Scientific and technical consulting services. 861 9982 Legal Data base services such as contract creation, Onboarding process, Licensing services, Legal documentation and certification services concerning patents, copyrights and other intellectual property rights 863 998231 Professional Services such as Tax consultancy and preparation services. Other Information: - M/s. Mercedes-Benz Research and Development India Pvt Ltd granted LOA NO.

tual property rights 863 998231 Professional Services such as Tax consultancy and preparation services. Other Information: - M/s. Mercedes-Benz Research and Development India Pvt Ltd granted LOA NO. SEEPZ-SEZ/PEPPL- SEZ/MBRDIPL/18/2014-15/5297 dated 25.03.2015 (Original LOA), located at 4th ,5th and 6th Floor, Wing-B & 7 th Floor , Wing A&B ,Congo, block 1.3,Embassy Pune TechZone Private Limited- SEZ, RGIP, Phase II, Hinjewadi, Pune 411057 DCP: 01.07.2015 LOA valid till: 30.06.2030 Reason for No Revision in projections: The unit states that the proposed activities will not have any material impact on exports, as these are allied services already being demanded by group companies. Accordingly, no significant enhancement in export levels is anticipated. Further, these services will be undertaken by the existing workforce and no additional recruitment is envisaged. Consequently, no additional investment will be required. The unit also stated that at time of LOA Renewal application they have submitted revised projections considering marginal variations in export figures that will arise from the addition of services. The unit has enclosed following documents along with their application: Copy of Form F3 filed through SEZ Online system. Copy of LOA Copy of Form – F1 submitted at the time of Renewal of LOA e.

ces. The unit has enclosed following documents along with their application: Copy of Form F3 filed through SEZ Online system. Copy of LOA Copy of Form – F1 submitted at the time of Renewal of LOA e. Recommendation: Approval Committee may like to consider the proposal for Broad banding to include additional list of services and regularizing the existing LOA without revision in projections, 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 : Monitoring of the performance of M/s. MUFG Pension & Market Services India Private Limited an IT/ITES unit located in Embassy Pune TechZone Pvt. Ltd-SEZ, Pune, 4 years and 3 months of first block period i.e from 01.03.2022 (FY 2021-22) to 31.05.2026 (FY 2026-27). b. Specific Issue on which decision of AC is required: -
Monitoring of the performance of the unit 4 years and 3 months of first block period i.e from 01.03.2022 (FY 2021-22) to 31.05.2026 (FY 2026-27). 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: - Original Approved Projections: (1 st Block Period) (Rs.

Unit shall be monitored by the Approval Committee as per the guidelines given in Annexure appended to these rules”. d. Other Information: - Original Approved Projections: (1 st Block Period) (Rs. In Cr.)

2022-23 2023-24 2024-25 2025-26 2026-27 TOTAL FOB Value of Exports 13.28 18.98 23.68 29.16 61.45 146.55 FE Outgo 2.05 0.21 0.23 0.82 1.15 4.46 NFE 11.23 18.77 23.45 28.34 60.30 142.09 Performance as compared to projections: (Rs. In Cr) Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. import Other outflow Projected Actual Projected Actual Actual 2022-23 * 13.28 30.67 0.00 0.00 0.73 0.68 0.00 2023-24 18.98 33.26 0.00 0.00 2024-25 23.68 47.70 0.00 0.00 2025-26 29.16 90.86 0.00 0.00 2026-27 61.45 25.14 0.00 0.00 Total 146.55 227.63 0.00 0.00 0.73 0.68 0.00

Year Cumulative NFE Achieved Cumulative % NFE Achieved 2022-23 * 30.60 99.78% 2023-24 63.79 99.79% 2024-25 111.42 99.82% 2025-26 202.21 99.87% 2026-27 227.29 99.85%

Cumulative NFE achieved (Rs. in Crs)

Note: Actual Figures of FY 2022-23 includes values of 1 month of FY 2021-22 i.e 01/03/2022 to 31/03/2022 for Monitoring purpose. The cumulative NFE for the 4 years and 3 months of the first Block period from FY 01.03.2022 (2021-22) to 31.05.2026 (FY 2026-27) is positive. Employment: (As per SO Report)

Projected Employment Achieved Employment (May 2026) Men 128 198 Women 193 135 Total 321 333 Other Information: LOA No. & Date LOA No.

.2026 (FY 2026-27) is positive. Employment: (As per SO Report)

Projected Employment Achieved Employment (May 2026) Men 128 198 Women 193 135 Total 321 333 Other Information: LOA No. & Date LOA No. SEEPZ/EPTPL-SEZ/LASPL/31/2021- 22 DATED 06.07.2021 Location of Unit 8th Floor, A Wing, Congo Building, Embassy Pune TechZone Private Limited-SEZ, RGIP, Phase II, Hinjewadi, Pune - 411057 Validity of LOA 28.02.2027 Item(s) of manufacture/ Services IT/ITES Date of commencement of production 01.03.2022 Execution of BLUT 6.33 Crs Outstanding Rent dues NA Labour Dues NA Validity of Lease Agreement 31.07.2026 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 May 2026 321 (Men - 128 Women – 193)

333 (Men- 198 Women – 135) Area allotted (in sq.ft.) 23,636 Sq.Ft Area available for each employee per sq.ft. basis (area / no. of employees) 71 Sq ft(Approx) Investment till date

Building 0.00 Plant & Machinery Indigenous 3.08 Crore

ted (in sq.ft.) 23,636 Sq.Ft Area available for each employee per sq.ft. basis (area / no. of employees) 71 Sq ft(Approx) Investment till date

Building 0.00 Plant & Machinery Indigenous 3.08 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. Yes The Specified Officer report vide letter dated 25.06.2026 has submitted reported as detailed below: EXPORT (Rs. In Crore) Year/ Period Figures reported in APR (FOB Value) Figures as per Softex / Customs Records Difference, if any Reason for Difference / Remarks 2021-22 5.11 4.87 (0.24) Exchange Rate Variation Rs. (0.24) Total Rs. (0.24)

2022-23 25.56 25.52 (0.04) Exchange Rate Variation Rs. (0.04) Total Rs. (0.04) 2023-24 33.26 33.49 -0.23 Exchange Rate Variation Rs. -0.23 Total Rs. -0.23

2024-25 47.70 49.80 -2.10 Exchange Rate Variation Rs. -2.10 Total Rs. -2.10

2025-26 90.86 90.86 0.00 Exchange Rate Variation Rs. 0.00 Total Rs. 0.00

2026-27 (upto May, 2026) 25.14 25.32

• 0.18 Exchange Rate Variation Rs. -0.18 Total Rs. – 0.18

Import (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 2021-22 0.00 0.00 0.00 NA

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 2021-22 0.00 0.00 0.00 NA

2022-23 0.68 0.68 0.00 NA 2023-24 0.00 0.00 0.00 NA 2024-25 0.00 0.00 0.00 NA 2025-26 0.00 0.00 0.00 NA 2026-27 (upto May, 2026) 0.00 0.00 0.00 NA Raw Material From the year 2021-2022 to 2026-2027 (Part) Year/ Period Figures as per APR Figures as per SEZ Online / Customs Records Difference, if any Reason for Difference / Remarks 2021-2022 to 2026-27 (upto May, 2026) 0.00 0.00 Nil NA BLUT: (Rs. in Crores) 1 Value of BLUT Executed (Duty foregone) (including for CG / Raw Material / Services)

TOTAL Duty value of BLUT Executed in Crore: Date of Acceptance BLUT Amount 03.09.2021 6.26 11.02.2026 0.07 Total 6.33

2

Total Duty Foregone on goods & services procured Category Wise: Year Wise (Rs. In Crore) FY Op. Bal Goods Imported & Indigenous Services Imported & Indigenous Cl. Bal. 21-22 6.26 0.30 0.58 5.37 22-23 5.37 0.41 0.28 4.68 23-24 4.68 0.03 0.57 4.09 24-25 4.09 0.10 0.63 3.36 25-26 3.43 0.20 0.45 2.79 26-27(upto May, 2026 2.79

2.79 Total

1.04 2.51

1-22 6.26 0.30 0.58 5.37 22-23 5.37 0.41 0.28 4.68 23-24 4.68 0.03 0.57 4.09 24-25 4.09 0.10 0.63 3.36 25-26 3.43 0.20 0.45 2.79 26-27(upto May, 2026 2.79

2.79 Total

1.04 2.51

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) (as on May, 2026) FY Male Female Total Projection 100 150 250 Actual As below 2021-22 51 15 66 2022-23 59 21 80 2023-24 71 31 103 2024-25 131 80 211 2025-26 198 135 333 2026- 27(Part) 198 135 333 Men : 198 Women : 135 Total No Employment : 333 nos. The same has been verified from their muster roll. (e) Details of pending Foreign Remittance beyond Permissible period, if any (as on May, 2026)) 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 realization. (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.

ftex 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 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 Services provided in DTA / SEZ / EOU / STPI etc. against payment in INR during the reporting period.

(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

Yes (Rs in Crore) FY Ass. Value Duty Paid 23-24 0.04 0.02 Cleared as “E-Waste” (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.

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.

The unit is in process of getting closer the pending DSPF invoices filling. Year Invoices in nos. 2022-23 78 2023-24 43 2024-25 100 2025-26 84 2026-27 till May, 2026 50 Total 355 (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 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 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:

ered 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 from 2021-2022 (March 2022) to 2026-27 (upto May 2026) of the 1 st Block period has achieved export revenue of Rs. 227.63 Cr against the projected export of Rs 146.55 Cr. The unit has achieved cumulative NFE of Rs. 227.29 Crs against the projected NFE of Rs. 142.09 Cr which is 160 percent of the projected NFE for the block period. As per SO report the unit has achieved employment of 333 employees (Men-198, Women- 135) As per SO report, unit has not filed all the the DSPFs. UAC may like to monitor the performance of the Unit for 1st Block period i.e., FY 2021-22 (March 2022) to FY 2026-27( Upto May 2026),in terms of Rule 54 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 11.05.2026 submitted by M/s. Nitor Infotech Pvt Ltd Unit I , IT/ITES unit located at Embassy TechZone Pvt Ltd –SEZ for Change in Board Of Directors. b. Specific Issue on which decision of AC is required: -
Approval of the Committee for Change in Directors, in terms of Instruction No. 109 dated 18.10.2021 c.

SEZ for Change in Board Of Directors. b. Specific Issue on which decision of AC is required: -
Approval of the Committee for Change in Directors, in terms of Instruction No. 109 dated 18.10.2021 c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- As per para (i) of Instruction no. 109, dated 18.10.2021, “Reorganization including change of name, Change of Shareholding pattern, business transfer arrangements, court approved mergers and demergers, change of constitution, Change of Directors, etc. may be undertaken by the Unit Approval Committee (UAC) concerned subject to the condition that the Developer/Co-developer/ Unit shall not opt out or exit out of the Special Economic Zone and continues to operate as a going concern. All liabilities of the Developer/Co-Developer/Unit shall remain unchanged on such reorganization.” … d. Other Information: - Previous List of Board of Directors: Sr No Name of the Director Designation Date of Cessation 1. Vinay Surendra Verma Director

Pradeep Murlidhran Nair Director 28.01.2026 3. Prakash Balsubramanian Director 28.01.2026 Proposed List of Board of Directors: Sr No Name of the Director Designation Date of Appointment 1. Vinay Surendra Verma Director 06.07.2023 2. Amit Kumar Agarwal Additional Director 27.01.2026 3. Radhkrishnan Raja Gopalan Additional Director 27.01.2026 Reason for change in Board of Director : The change in the Board of Directors is due to Cessation of 2 existing Directors and appointment of 2 new Directors. Information: - M/s.

l Director 27.01.2026 Reason for change in Board of Director : The change in the Board of Directors is due to Cessation of 2 existing Directors and appointment of 2 new Directors. Information: - M/s. Nitor Infotech Pvt Ltd - Unit 1 is granted LOA No. SEEPZ/PEPPL-SEZ/NIPL/20/2016-17/Dated 29.08.2016 (Original LOA), is located at 4th Floor, Wing B, Rhine Building, Block 1.5, Embassy TechZone, RGIP, Phase II, Pune 411057 Date of Commencement: 21.11.2016 LOA is valid upto: 20.11.2026 The Unit has submitted following documents: Copy of Board Resolution passed for appointment and cessation.

Copy of Form No. DIR-12 for Appointment and Cessation along with its challan. Copy of all original Letter of Approvals. List of Directors before and after Change in Director. Undertaking in terms of instruction No.109 Undertaking regarding personal Liability arising if any. e. Recommendation: Approval Committee may kindly consider the proposal of the unit for Change in Directors, in terms of Instruction no. 109 issued by MOC&I.

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endation: Approval Committee may kindly consider the proposal of the unit for Change in Directors, in terms of Instruction no. 109 issued by MOC&I.

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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 13.05.2026 submitted by M/s. Nitor Infotech Pvt Ltd (Unit-II)., IT/ITES unit located at Embassy TechZone Pvt Ltd –SEZ for Change in Board Of Directors. b. Specific Issue on which decision of AC is required: -
Approval of the Committee for Change in Directors, in terms of Instruction No. 109 dated 18.10.2021 . c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- As per para (i) of Instruction no. 109, dated 18.10.2021, “Reorganization including change of name, Change of Shareholding pattern, business transfer arrangements, court approved mergers and demergers, change of constitution, Change of Directors, etc. may be undertaken by the Unit Approval Committee (UAC) concerned subject to the condition that the Developer/Co-developer/ Unit shall not opt out or exit out of the Special Economic Zone and continues to operate as a going concern. All liabilities of the Developer/Co-Developer/Unit shall remain unchanged on such reorganization.” … d.

t opt out or exit out of the Special Economic Zone and continues to operate as a going concern. All liabilities of the Developer/Co-Developer/Unit shall remain unchanged on such reorganization.” … d. Other Information: - Previous List of Board of Director: Sr No Name of the Director Designation Date of Cessation 1. Vinay Surendra Verma Director

Pradeep Murlidhran Nair Director 28.01.2026 3. Prakash Balsubramanian Director 28.01.2026 Proposed List of Board of Director: Sr No Name of the Director Designation Date of Appointment 1. Vinay Surendra Verma Director 06.07.2023 2. Amit Kumar Agarwal Additional Director 27.01.2026 3. Radhkrishnan Raja Gopalan Additional Director 27.01.2026 Reason for change in Board of Director : The change in the Board of Directors is due to Cessation of 2 existing Directors and appointment of 2 new Directors. Information: - M/s. Nitor Infotech Pvt Ltd - Unit II is granted LOA No. SEEPZ/PEPPL-SEZ/NIPL/21/2016-17/25806 Dated 29.08.2016 (Original LOA) is located 4th and 5th Floor, Wing B, Rhine Building, Block 1.5, Embassy TechZone, RGIP, phase II, Pune 411057 Date of Commencement: 01.12.2016 LOA is valid upto: 30.11.2026 The Unit has submitted following documents:

r, Wing B, Rhine Building, Block 1.5, Embassy TechZone, RGIP, phase II, Pune 411057 Date of Commencement: 01.12.2016 LOA is valid upto: 30.11.2026 The Unit has submitted following documents:

Copy of Board Resolution passed for appointment and cessation. Copy of Form No. DIR-12 for Appointment and Cessation along with its challan. Copy of all original Letter of Approvals. List of Directors before and after Change in Director. Undertaking in terms of instruction No.109 Undertaking regarding personal Liability arising if any e. Recommendation: Approval Committee may kindly consider the proposal of the unit for Change in Directors, in terms of Instruction no. 109 issued by MOC&I.

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