Minutes of the Approval Committee meeting for Pune Cluster held on 21.03.2023 — 05-midc-sez-pune

Minutes of the 119th Meeting of the Approval Committee held under the Chairmanship of Zonal Development Commissioner SEEPZ-SEZ, Mumbai for Sector Specific Special Economic Zone for Multi-Sector of MIDC-SEZ, PUNE held on 21.03.2023 via video conferencing. 1 Name of the SEZ MIDC– SEZ, PUNE 2 Sector Multi-Sector 3 Meeting No. 119th 4 Date 21.03.2023 Members present Sr Name and Designation (S/Shri.) Department 1 Smt. Mital Hiremath Joint Development Commissioner Pune Cluster SEZ, Pune 2 Smt. Pradnya R. Gholap, DCIT (TDS) Pune Nominee of Income Tax, Pune 3 Dr. Dileeraj Dabhole Dy. DGFT Nominee of DGFT, Pune 4 Smt. Sunita Jagtap Superintendent Nominee of Customs, Pune Special Invitee Sr Name and Designation Department 1 Shri B. Ajay Kumar Specified Officer MIDC-SEZ, Pune. Agenda Item No.01: Confirmation of the Minutes of the 118th meeting held on 31.01.2023 After deliberation, the Committee confirmed the minutes of the 118th meeting of Approval Committee held on 31.01.2022 Agenda Item No. 2: Application for approval of list of material submitted by M/s. Maharashtra Industrial Development Corporation (Developer) After deliberation, Committee approved the list of material submitted by the Developer, duly certified by the Chartered Engineer Amit M. Bhogawat (Reg. No. M-147454- 5), totally amounting to Rs. 11,98,400/- (Rs.11.98 Lakhs) except Murum valued at Rs. 18,100/- which is restricted item, in terms of Rule 12(2) of SEZ Rules, 2006, required for their authorized operations. Agenda Item No.03: Monitoring of the performance in r/o M/s Synechron Technology Pvt Ltd After deliberation, the Committee noted the performance of the Unit for first 4 years of 2nd Block period i.e. 2018-19 to 2021-22 of 2nd Block period of 2018-19 to 2022-23 in terms of Rule 54 of SEZ Rules, 2006. The Unit has achieved positive NFE of Rs. 175919.90 Lakhs i.e., 98.11% on cumulative basis in FY 2021-22 along with employment of 5262 employees. File No.S-SEZ-MINS0MIDC/1/2022-JDCP

Agenda Item No.04: Application for Merger of two LOAs submitted by M/s. Synechron Technologies Pvt Ltd. After deliberation, Committee approved the proposal of the unit for merger of LOA of M/s. Synechron Technology Pvt Ltd. bearing LOA No. SEEPZ-SEZ/MIDC- SEZ/STPL/30/2012-13/2352 dated 21.02.2013 as amended with that of their M/s. Synechron Technologies Pvt Ltd., LOA no. SEEPZ/NEW-SEZ/DDPL-PUNE/04/LOA- 04/2008-09/4620 dated 24.06.2009 as amended. Post merger, revision in projection, under Rule 19(2) of SEZ Rules, 2006 as detailed below: Projected foreign exchange projections of unit on merger: Description 2019-20 2020-21 2021-22 2022-23 2023-24 Total FOB value of Exports 46590.93 48508.77 73014.26 95454.00 100227.21 363795.17 FE Outgo 1265.83 775.16 883.42 3961.03 4155.31 11040.75 NFE Earnings 45325.10 47733.61 72130.84 91492.97 96071.90 352754.42 Investment – Plant & machinery / Capital Goods (in Lakhs) Indigenous Imported Total 4183.26 668.17 4851.43 Services Total 64398.05 Address: unit located at 1st, 2nd, 3rd, 4th, 5th 6th 7th & 8th Office Floor, Amenity Area and Parking floor P4 ITTP Phase-I CEDAR Building, Ascendas, International Tech Park, RGI{, MIDC Phase III, Hinjewadi, Pune 411057 Area (in sq.ft) 661209 Sq ft Consequent to merger of both LOAs, the block period for the purpose of calculation of Net Foreign Exchange and Income Tax benefit, shall be considered from the date of commencement of the Unit i.e., w.e.f. 03.11.2008

Meeting ended with a vote of thanks to the Chair. (Shyam Jagannathan, IAS) Chairman-cum- Development Commissioner E-Mail- dcseepz-mah@nic.in File No.S-SEZ-MINS0MIDC/1/2022-JDCP