27/12/2023 — 02-krc-gera-minutes-pune-18-dec-2023

Minutes of the 36 Meeting of the Approval Committee held under the Chairmanship of Shri R.K.Mishra, Zonal Development Commissioner, SEEPZ-SEZ, Mumbai for Sector Specific Special Economic Zone for IT/ITES of M/s. KRC Infrastructure and Projects Pvt. Ltd. & GERA Resorts Pvt. Ltd.-SEZ, Pune, held on 18.12.2023 1 Name of the SEZ M/s. KRC Infrastructure and Projects Pvt. Ltd. & GERAI Resorts Pvt. Lid. 2 Sector ET/ITES 3 [Meeting No. 6th 4 Date 18.12.2023 Members present Sr Name and Designation Department (S/Shri.) 1 (Smt. Mital Hiremath Pune Cluster SEZ, Pune oint Development Commissioner 2 IMr. Sandeep Sathe, Nominee of Income Tax, Pune IDCIT-Circle 4, Pune 3 \Shri Suresh B Dhapodkar, FTDO, Nominee of DGFT, Pune DGFT 4 (Smt. Malathi Nair Nominee of Customs, Pune uperintendent Special Invitee Sr (Name and Designation Department 1 Shri Shambhu Dayal Meena Specified Officer, SEZSEEPZ-SEZ, Pune Pune Chister luster Agenda Item 10.01: Confirmation of Minutes of the 35" meeting held on 19.10.2023 After deliberation, the Committee confirmed the minutes of the 357 Approval Committee meeting held on 19.10.2023. Agenda Item No.02 Monitoring of Performance for M/s Barclays Global Service Centre Pvt Lid: After deliberation, the committee monitored the performance of the unit for 1%t Block period ie. FY FY 2013-14 to FY 2017-18 and 24 Block ie. FY 2018-19 to FY 2022-23 in terms of Rule 54 of SEZ Rules, 2006 The Committee noted that the Unit has achieved export revenue of Rs. 2403.05 Crores as against projected export of Rs. 2375.17 Crores (which is 101.17%) and achieved cumulative NFE of Rs. 2242.79 Crores which is 93.33 % in 18t block period i.e. during FY 2013-14 to FY 2017-18. Further, the Unit has also achieved export revenue of Rs. 14011.71 Crores as against the projected export of

File No.S-SEZ-MINSOKRCG/1/2022-JDCP Rs. 14661.39 { which is 95.57 %) Crores and achieved cumulative positive NFE of Rs. 11399.75 Crores which is 81.36% in 2" Block period ie. in FY 2018-19 to FY 2022-23. The Unit has achieved employment of 13891 employees (Men-9110, Women- 4781) as on 31.03.2023. It is observed that the unit has provided services in DTA against the payments received in INR as detailed below: Rs. In Crores FY DTA Sales Value 2016-17 |... 0.5ठ3__॒S | Total |. 0.55 __ | Since providing of “Services” in DTA against INR does not qualify as ‘Services’ as per definition given in Section 2(z} of the SEZ Act, 2005, it was noticed that the Unit has violated the provisions of SEZ Act & Rules and hence Committee after deliberation, directed to initiate action against the unit for violation of various provision of SEZ Act / Rules and under Foreign Trade (Development and Regulation) Act, 1992. The Committee advised the Unit to promptly file all the pending DSPFs in the NSDL SEZ online portal. The Unit is required to revise the Annual Performance Report (APR) for the FY 2022-23 in order to update the accurate import data.. Agenda Item No.03 : Application for Approval of Change in the Name of Company from DISYS India Technologies Pvt Ltd to Dexian India Services Private Limited After deliberation, the Committee approved the proposal of the Unit for Change in Name of the Company and change in name of Shareholders in terms of Instruction No. 109 dated 18.10.2021, as detailed below: Name before Change Name After Change M/s. DISYS India Technologies Pvt. Ltd. IM/s. Dexian India Service Pvt. Ltd List of Directors as on 14.12.2023. Sr. No. [Name of the Director Designation DIN Date of Appointment 1. Kumar Rajagopalan Director 03119315 25.11.2021 2. IMahfuz Ahmed [Director 03544568 25.11.2021 3. IMaruf Ahmed [Director 03612830 25.11.2021 4 Nath Nirmal Nath [Director 05102262 {18.08.2023

File No.S-SEZ-MINSOKRCG/1/2022-JDCP The approval is subject to the conditions as laid down in Instruction No. 109, as applicable, issued by MOC&I a. 0. h. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity; Fulfilment of all eligibility criteria applicable, including 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 (IT&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. (Rajesh ८718 Mishra, IRS) Chairman-cum- Development Commissioner