Minutes of Approval Committee meeting for Pune-Cluster held on 19 Oct. 2023 — 04-minutes-magarpatta

Minutes of the 105th 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 Magarpatta Township Development and Construction Co. Ltd.-SEZ, Village Hadapsar, Tal. Haveli, Dist. Pune 41l0l3' held on 19.LO.2O23 via video conference 1 ame of the SEZ atta Township Development And Construction Co. td.-sEz 2 ector T/ITES 3 eeti.,gNo lf OSth 4 ate Tts.to.zozz File No.S-SEZ-PRO0MTOCTI OI2022JOCP Members present Special Invitee Sr ame and Designation partment 1 hri Satbir Sharma pecified Officer une Cluster, SEZ, Pune Agenda ltem No, 01: Conflrmation of the Mlnutes of the 104ft meetlng held on 2L.O9.2023. After deliberation, the committee confirmed the minutes of the 1o4th meeting of Approval Committee held on 21.09.2023. Agenda ttem No. 02: Application for setting up of cafeteria with kitchen facility and appointment of vendor in the sEz unit submitted by M/s, BNY Mellon International Operations (India) Pvt Ltd. After deliberation, the committee approved the proposal of the unit for setting up of cafeteria with kitchen facility and appointment of vendor in the SEZ Unit premises, in terms of Instruction no. 95 dated l7.LO.2Ol9. as detailed below: Sr ,lame and Designation s/shri.) epartment 1 mt. Mital Hiremath une Cluster SEZ, Pune oint Development Commissioner 2 hri. Sandeep Sathe, ominee of Income Tax, Pune CIT-Circle 4, Pune 3 ri. Krishanadas Nair, ominee of DGFT, Pune DO 4 mt. Malathi l. Nair uperintendent ominee of Customs, Pune Sr. No. Facility Vendor Name Location Area in Sq.fL 1 Cafeteria Compass India Services Pvt Ltd Food Tower-9, Level-7, Magarpatta City-SEZ 2532 Kitchen 272 This approval is subiect to the following conditions: 2

File No.S-SEZ-PRO0MTDCTI OI2O22JDCP The committee noted the performance as below: The unit has achieved Export of Rs. 536.95Cr' Against the projected export of Rs. 428.62 Cr. i.e, 125.27910 in the FY 2,lg-2o i.e., last year of znd Block period (2015-16 to 2O19-2O) The unit has achieved positive NFE of Rs' 2O26.19Cr. i.e,9o.78o/o in the FY 2079-2O on cumulative basis. The unit has achieved Export of Rs. 1697.33Cr. against the projected export of Rs.1736.61Cr. i.e. 97.73o/o, in 3 years FY 2O2O'21 to 2O22-23 of 3rd Block period (2O2O-21 ro 2024-25') The unit has achieved positive NFE of Rs. 7492.79 Cr. i.e,87.91o/o in the FY 2022-23, on cumulative basis. As per SO repoft the unit has achieved employment of 1237 employees (Men- 1197, Women-34). The Committee during discussion commented on the adverse number of women employment and the Unit representative responded that their management will act on the said observation. However, meanwhile the unit has vide their e-mail dated 19.10.2023 submitted that there was an error in reporting the figure and the actual number of employees is 1231 employees i.e. as direct employment they have Men - 831, Women - 356 & as Indirect Employment they have total 34 women employees. As per their request, it is noted' Agenda ltem No. O4r Applicatlon for Change in Board of Directors submitted by M/s. EXL Services.Com India Pvt Ltd. After deliberation, the committee approved the proposal of the unit for change in Board of Directors. in terms of Instruction No. 109 dated 18.10.2021 issued by MOCI, as detailed below: Name of the Director Appointment Date 7 Mr. Baljinder Singh Sabharwal 2 Mr. Vikas Bhalla

1. The Unit and Service Provider will not be eligible for any exemptions, drawback, concessions or any other benefits available under section 7 or Section 26 of the SEZ Act for creating or operating such facilities'
2. The unit and service provider shall adhere all the statutory compliances such as Fire NOC and other clearances required for setting up / running of such facility.
3. The facility will be for exclusive use of the employees of the units and the Developer. Agenda Item No. 03: Monitoring of Performance for M/s. Amdocs Development Centre India LLP After deliberation, the committee noted the performance of the unit, in terms of Rule 54 of SEZ Rules, 2006, for following period: i. FY 2Olg-2O i.e., lastyearof 2"d Block period (2015-16 to2O19-2O) & ii. FY 2O2O-27 to ?022-23 i.e., 3 years of 3rd Block period [2020-21to 2O22-23') Sr. No

File No.S-SEZ-PROOMTDCTI OI2O22JOCP 3 r. David GubbaY 4 Bhavana Newale ChoPra 7.O5.2027 5 r. Sandeep Tibrewal 7.O6.2023 TheapprovalissubjecttotheconditionsaslaiddowninlnstructionNo.l09,as applicable, issued bY MOC&I a'seamlesscontinuityofthesEzactivitieswithunalteredresponsibilitiesand obligations for the altered entity; b. Fulfilment of alt eligibility criteria applicable, including security clearances etc. by the altered entity and its constituents; c.ApplicabilityofandcompliancewithallRevenue/CompanyAffairs/SEBIetc. ectTnutes which regulate issues like capital gains' equity change' transfer' taxability etc. d. Full finincial details relating to change in equity/merger, demerger, amalgamationortransferinownershipetc.shallbefurnishedimmediatelyto Member(lT&Rl,cfOT,OepartmentofRevenueandtothejurisdictional AuthoritY. e. The assessing gain/loss aris amalgamation, eligibilitY for d f. The applicant all the records ty or merger, demerger, may be aPPlicable and the lncome Tax AcL 1961. overnment laws, including those relating to lease of land, as applicable' g. The applicant shall furnish details of PAN and iurisdictional assessing office of the unit to CBDT. h. The applicant shall be recognized by the new name or such arrangement in officer shall have the right to assess the taxability of the ing out of the transfer of equi transfer in ownershiPs etc. as eduction under relevant sections of shall complY with relevant State G Meeting ended with a vote of thanks to the Chair' ]o 'l o'- o (Raiesh Kumar Mishra, IRS) Chairman-cum- DeveloPment Commissioner