Minutes of Approval Committee meeting for Pune-Cluster held on 27 June 2023. — 00-1-qubix

1 Minutes of the 124th 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 Qubix Business Park Pvt. Ltd.-SEZ, Pune, held on 27.06.2023 via video conferencing. 1 Name of the SEZ M/s. Qubix Business Park Pvt Ltd SEZ 2 Sector IT/ITES 3 Meeting No. 124th 4 Date 27.06.2023 Members present S r Name and Designation (S/Shri.) Department 1 Smt. Mital S. 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 M/s. Qubix Business Park Pvt. Ltd. SEZ Agenda Item No.01: Confirmation of Minutes of the 123rd meeting held on 30.05.2023 After deliberation, the Committee confirmed the minutes of the 123rd Approval Committee meeting held on 30.05.2023 Agenda Item No.02: Application for Setting up New Unit submitted by M/s. TechOrbit Solutions Pvt Ltd The proposal of the M/s TechOrbit Soution Pvt Ltd. was placed before the Approval Committee in its meeting held on 27.06.2023. After deliberation, the committee approved the proposal of the M/s TechOrbit Soution Pvt Ltd for setting up of new unit in M/s Qubix Business Park Pvt. Ltd-SEZ, in terms of Rule 17 & 18 of SEZ Rules, 2006. The details of the approved proposal are as below: Location Ground Floor, Building No. IT 5,Qubix Business Park Pvt. Ltd.- SEZ, Plot No. 2 , Near, Rajiv Gandhi Infotech Park, Hinjawadi, Phase-I, Pune- 411 057. Area 4960 Sq.ft. File No.S-SEZ-MINS0QBXP/1/2022-JDCP

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Existing Application/software, Integration, Testing and maintenance (CPC-842), Computer Software Services (CPC-84210) Investment in Plant and Machinery & Capital Goods (Rs. In Lakhs) Indigenous Imported Total 164.58 46.42 211.00 Input of Services Indigenous Imported Total 722.85 145.00 867.85 Employmen t Total- 80 Employees (Male-50 & Females- 30) Approved projections for 1st block period 1st 2nd 3rd 4th 5th Total FOB Value of Exports 300.00 500.00 600.00 700.00 800.00 2900.00 FE outgo 35.88 45.74 30.30 38.30 41.20 191.42 NFE 264.12 454.26 569.70 661.70 758.80 2708.58 Agenda Item No.03: Application for Approval of List of Material submitted by M/s. Qubix Business Pvt Ltd (Developer). After deliberation, the committee approved the proposal of the Developer for List of Material including machinery, equipment and construction material required for authorized operations, totally valued of Rs 1,88,54,596.50/-(Rs.1.88 Crores) duly certified by the Chartered Engineer M. L. Kendre & Associates, Reg. No. M- 117207/1 dt. 08.07.1999 in terms of Rule 12(2) of SEZ Rules, 2006. Agenda Item No.04: Monitoring of Performance of M/s. nCircle Tech Pvt Ltd (LOA-64) After deliberation, the committee noted the performance of the Unit, in terms of, Rule 54 of SEZ Rules, 2006. As detailed below: (i) The Unit has achieved export revenue of Rs. 1725.84 Lacs as against projected export of Rs. 7710.38 Lacs for FY 2018-19 to 2022-23 of 1st Block period of 5 years (i.e. 2018-19 to 2022-23) i.e. 22.38%. (ii) The unit has achieved Positive NFE of Rs.1711.66 in last year 2022-23 on cumulative basis. i.e. 99.19% (iii) The unit has achieved Employment of 2 employees (Men 1, Women 1) File No.S-SEZ-MINS0QBXP/1/2022-JDCP

3 Agenda Item No.05: Monitoring of Performance of M/s. nCircle Tech Pvt Ltd (LOA-65) After deliberation, the committee noted the performance of the Unit, in terms of, Rule 54 of SEZ Rules, 2006. As detailed below: (i) The Unit has achieved export revenue of Rs. 7822.72 Lacs as against projected export of Rs. 9520.90 Lacs for FY 2018-19 to 2022-23 of 1st Block period of 5 years (i.e. 2018-19 to 2022-23) i.e. 82.16%. (ii) The unit has achieved positive NFE of Rs.7795.25 Lakhs in last year 2022- 23 on cumulative basis. i.e. 99.65%. (iii) The unit has achieved Employment of 166 employees (Men 120, Women 46) Agenda Item No.06: Monitoring of Performance of M/s. VJ Coresoft Pvt.Ltd. After deliberation, the committee noted the performance of the Unit, in terms of, Rule 54 of SEZ Rules, 2006. As detailed below: (i) The unit has achieved export of Rs. 2080.10 lakhs against the Projected export of Rs. 7550.00 lakhs in the period of FY 2017-18 to 2021-22 of 2nd Block period i.e., 27.55% (ii) The unit has achieved Positive NFE of Rs. 2080.10 lakhs i.e, 100% on cumulative basis in the 2nd Block period (iii) The unit has achieved Employment of 34 employees (Men 29, Women 5) Agenda Item No.07: Monitoring of Performance of M/s. PharmaACE Innovation LLP, (i) The Unit has achieved export revenue of Rs. 24553.39 Lacs as against projected export of Rs. 22292.57 Lacs for FY 2018-19 to 2022-23 of 1st Block period of 5 years (i.e. 2018-19 to 2022-23) i.e. 110.14% (ii) The unit has achieved Positive NFE of Rs.24551.73 in last year 2022- 23 on cumulative basis. i.e. 100% (iii) The unit has achieved Employment of 135 employees (Men 88, Women 47) Meeting ended with a vote of thanks to the Chair. (Shyam Jagannathan, IAS) Chairman-cum- Development Commissioner Email-dcseepz-mah@nic.in File No.S-SEZ-MINS0QBXP/1/2022-JDCP