Minutes of the 334 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 Nalanda Shelter Pvt. Ltd - SEZ, Pune held on 25.07.2023. 1 | Name of the SEZ M/s. Nalanda Sheiter Pvt Ltd - SEZ 2 | Sector IT/ITES 3 | Meeting No. 3dr 4 | Date 25.07.2023 Members present Sr Name and Designation S/Shri. Department 1 | Smt. Mital S. Hiremath Pune Cluster-SEZ, Pune Joint Development Commissioner 2 | Smt. Pradnya R. Gholap, Nominee of Income Tax, Pune DCIT(TDS), Pune 3 | Dr. Dileeraj Dabhole, Nominee of DGFT, Pune Dy. DGFT 4 | Smt. Sunita Jagtap, Nominee of Customs, Pune Superintendent Special Invitee a Name या A Designation Department |

1. | Shri Satbir Sharma M/s.Nalanda Shelter Pvt. ra 6a

• SEZ Specified Officer Agenda Item No.O1: Confirmation of Minutes of the 32.4 meeting held on 27.06.2023 After deliberation, the Committee confirmed the minutes of the 3254 Approval Committee meeting held on 27.06.2023 Agenda Item No. 02 : Application for Approval of Setting up of New Unit by M/s Panasonic Avionic India Pvt. Ltd. - The proposal of the unit was placed before the Approval Committee Meeting held on 25.07.2023. After deliberation, Committee approved the proposal of M/s Panasonic Avionic India Pvt. Ltd. for setting up of a new unit in M/s Nalanda Shelter Pvt. Ltd.-SEZ, in terms of Rule 17 & 18 of SEZ Rules, 2006. The details of the approved proposal is as detailed below:

‘Location. Ot Floor, Unit No. 1, 2, 3 & 4, Tower A, Nalanda Shelter Pvt. Lid, - SEZ, Near Rajiv Gandhi Infotech Park, Hinjewadi, Phase I, Pune 411 057. Area 11438.40 Sq.Mtr. 1.6. (1,23,122 Sq.ft. Product information Technology in the nature of Application Development, Integration, Testing, Maintenance, Upgradation/Enhancement of existing Software s/Application, IT Support Services etc, (CPC-842} Engineering and Design Services in the nature of including) Prototype Development, Testing and Expert of the same on sample basis (CPC — 8672) & other Business Services in the nature of Technical Testing and Analysis Services (CPC + 8676}. Other Support Services in the nature of Finance 8 Accounting, Human Resources, Legal, Compliances etc (CPC-87909} Sales support services in the nature of Marketing,Sales support for parent companies or to other group entities ( ithin India or outside India) (CPC-86503 Investment in Plant & Machinery / Capital Goods (Rs. In Lakhs Indigenous 17363.58 imported 38631.00 TOTAL 55994.58) Input of Services Indigenous 19257.69 Imported 1631.48) ‘OTAL 20889. 17 Employment 530 Employees (Male-398 & Females- 132 Approved Projections for the first Block period of 5 years: (Rs. in Lacs) ist Year 2nd Year 34 Year 4th Year Sth Year Total FOB Value of | iso79.93 | 24054.78 | 28489.62 | 33586.33 | 39007.76 | 144118.42 Exports Foreign Exchange 31322.80 2875.01 1954.78 2019.60 2090.29 40262.48 Outgo Net Foreign Exchange (12342,87) | 21179.77 26534, 84 31566,.73 | 36917.47 | 103855.94 Earning कै

Agenda Item No. 3 : Application for Approval of Revision in Projections on account of addition of area to the existing area by M/s CentraLogic Consultancy Pvt Ltd. After deliberation, the committee approved the proposal of the Unit for Revision in Projections on account of addition of area to the existing area, in terms of Rule 19(2) of SEZ Rules, 2006, as detailed below:

1. Location / area proposed to be added: Existing address and area Area proposed to be added Office Suite 01, Ground Floor, Tower A, Nalanda Shelter Pvt. Limited

SEZ, Near Rajiv Gandhi Infotech Park, Hinjewadi, Phase I, Pune 411057 Incubation Block, Ground Floor, Tower A, Nalanda Shelter Pvt Ltd ~ SEZ, Near RGIP-Phase-I, Hinjewadi, Pune-411057 Incubation Block, Ground Floor, Tower <A, Nalanda Shelter Pvt Ltd ~ SEZ, Near RGIP-Phase-I, Hinjewadi, Pune-411057 Admeasuring area of 498 Sq. ft. Admeasuring area of 5416 Sq.ft. Admeasuring area of 5914 Sq.ft. 2. Revision in Projections, as detailed below: (Rs. In Lakhs) Sr.No | Particulars | 1st Year | 294 Year | 3*¢ Year 4th Year 5th Year Total 1, FOB Value 600.00 900,00 1150.00} 1400.00 1500.00 5550.00 of exports 2. Foreign 45.00 51.00 62.00 72.50 82.50 313.00 Exchange outgo 3. Net Foreign $55.00 849.00 1088.00} 1327.50 1417.50 5237.00 Exchange Investment-Plant and Machinery/ Capital Goods (Rs. In Lakhs} 1. Indigenous Capital Goods 170.00 ii Imported Capital Goods | 33.00 | Input of Services i. Indigenous Services 1100.00 ii. Imported Services 280.00 Employment | ४6 6| Men-~- 50, Women-16 »

Agenda Item No. 04 : Application for Approval of Change in Shareholding Pattern by M/s Nalanda Shelter Pvt. Ltd. (Developer). After deliberation, the committee approved the proposal of M/s Nalanda Shelter Pvt. Ltd. (Developer) for Change in shareholding in terms of Instruction No. 109 dated 18.10.2021, as detailed below: Approved Shareholding Pattern: a Name of Shareholders No. of Shares | Percentage (%) No. 01 PRSPL 9998 99.98 02 Amit Paranjape Re | 0 /| 03 Meenal Paranjape

is) 04 Purushottam V Paranjape (HUF

0 05 Pushpa Paranjape (ed 0 06 .. Rahul Paranjape_ | eC 9 07 Reifen Investment Services Pvt. Ltd. | 0 08 Sahil Paranjape

0 09 Shashank Paranjape (Nominee) _

0.01 10 Shrikant Paranjape (Nominee) 1 0.01 ll Varsha Paranjape

0 12 Yash, Paranjape

0 13 Nandita Paranjape ” 0 14 Rama Paranjape ” 0 Total 10000 100 The approval is subject to the conditions as laid down in Instruction No. 109, as applicable, issued by MOC&l ay b. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity; Fulfilment of all eligibility criteria applicable, incliding security clearances etc. by the altered entity and its constituents; Applicability of and compliance with all Revenue/Company Affairs/SEBI etc. Act/Rules which regulate issues like capital gains, equity change, transfer, taxability etc. Full financial details relating to change in equity/merger, demerger, amalgamation or transfer in ownership etc. shall be furnished immediately to Member (T&R), CBDT, Department of Revenue and to the jurisdictional Authority. The assessing officer shall have the right to assess the taxability of the gain/loss arising out of the transfer of equity or merger, demerger, amalgamation, transfer in ownerships etc. as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 1961.

The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. The applicant shall furnish details of PAN and jurisdictional assessing office of the unit to CBDT. The applicant shall be recognized by the new name or such arrangement in all the records. Meeting ended with a vote of thanks to the Chair. mec, Hiremath} Joint Developinent Commissioner