Minutes of Approval Committee meeting for SEZ Pune Cluster held on 09 February 2024. — 03-magarpatta-minutes

• =~ File No.S-SEZ-PROOMTDC/10/2022-JDCP Minutes of the 108 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 411013, held on 09.02.2024 via video conference 1 \Name of the SEZ |Magarpatta Township Development And Construction Co. ILtd.~SEZ 2 56८07 IT/ITES 3 [Meeting No. 1087 4 Date 09.02.2024 Members present Sr [Name and Designation Department (S/Shri.) 1 mt. Mital Hiremath Pune Cluster SEZ, Pune oint Development Commissioner 2 |Smt. Bharati Ahuja INominee of Income Tax, Pune Asst. Commissioner, IT 3 |Dr. Dileeraj Dabhole, Dy. Nominee of DGFT, Pune IDGFT 4 mt. Leena Nair INominee of Customs, Pune uperintendent Special Invitee Sr [Name and Designation epartment 1 hri D. B. More, Specified Officer SEEPZ-SEZ, Pune Cluster Agenda Item No. 01: Confirmation of the Minutes of the 107 meeting held on 18.12.2023. — deliberation, the committee confirmed the minutes of the 107% meeting of Approval Committee held on 18.12.2023. Agenda Item No. 02: Application for Approval of Revision in Projections submitted by M/s. Danfoss Technologies Pvt Ltd. (DTPL) After deliberation, the committee approved the proposal of the unit for Revision in projection, in terms of Rule 19 (2) of SEZ Rules, 2006, as detailed below: Approved Projections:

2021-22 2022-23 2023- 2024- | 2025- | Total (Actual as per |(Actual as per 24 25 26 APR) APR) FOB value o: 69.13 212.96] 230.64] 280.35] 310.48] 1103.56 export FE outgo 44.35 51.65] 56.81) 62.50! 68.75] 284.05 NFE 24.78 161.32] 173.83] 217.85] 241.74] 819.51 Value of Capital Goods 1, mdigenous Capital Goods 96.57 2. mported Capital Goods 15.82 Value of Input Services 1. Indigenous Services 255.06 2. lamported Services 268.23 Further, the representative of the unit confirmed that the unit does not provide any services in DTA. Agenda Item No. 03: Application for Approval of Change in Board of Directors submitted by M/s. BNY Mellon Technology Private Ltd After deliberation, the committee approved the proposal of the umit for change in Board of Directors, in terms of Instruction No. 109 dated 18.10.2021 issued by MOCI, as detailed below: Approved List of Board of Directors: Sr. No. Name of the Director Designation 1. Mr, Pawan Gwaldas Panjwani Managing Director 2. Pallavi Shome Director 3. Mark David Todd Gibbons [Director The approval is subject to the conditions as laid down in Instruction No. 109, as applicable, issued by MOC&I a. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity; 9. Fulfilment of all eligibility criteria applicable, including security clearances

File No.S-SEZ-PROOMTDC/10/2022-JDCP 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 Kumar Mishra, IRS) Chairman-cum- Development Commissioner