Minutes of Approval Committee meeting for SEZ Pune Cluster held on 09 February 2024. — 08-qubix-minutes

1५० File No.S-SEZ-MINSOQBXP/1/2022-JDCP Minutes of the 1315* Meeting of the Approval Committee held under the Chairmanship of Zonal Development Commissioner SEEPZ-SEZ, Mumbai | Sector Specific Special Economic Zone for IT/ITES of Qubix Business Park Pvt, Ltd.-SEZ, Pune, held on 09.02.2024. 1 {Name of the SEZ M/s. Qubix Business Park Pvt Ltd SEZ 2 (Sector T/ITES 3 {Meeting No. 1315t 4 'Date 09.02.2024 Members present s Name and Designation [Department (S/Shri.) 1 |Smt. Mital Hiremath Pune Cluster SEZ, Pune oint Development Commissioner 2 |Smt. Bharati Ahuja, ACIT (TDS) Nominee of Income Tax, Pune 3 |Dr. Dileeraj Dabhole, Dy. Nominee of DGFT, Pune DGFT 4 |Smt. Leena Nair, Superintendent Nominee of Customs, Pune Special Invitee Sr |Name and Designation Department 1 [Shri Satbir Sharma, Specified Officer SEEPZ-SEZ, Pune Cluster Agenda Item No.01: Confirmation of Minutes of the 130 meeting held on 18.12.2023 After deliberation, the Committee confirmed the minutes of the 130° Approval Committee meeting held on 18.12.2023 Agenda Item No.02: Application for approval of Leasing out of space to vendor for setting up EV vehicle charging station facility submitted by M/s. Qubix Business Park Pvt. Ltd. (Developer} After deliberation, the Committee approved the proposal of the Developer for leasing out built up space to vendor for setting up EV vehicle charging station facility in SEZ premises, in terms of Rule 11(5) of SEZ Rules, 2006, as detailed below: Details of location, service provider and area allotted for Charging station: Sr. | Name of the Activity Location Area. No. Vendor 1 |M/s. Relianceffo set up आओ the IT-4 Building open} 298 BP Mobility Ltd.jvehicle charging|Parking (Which includes 2 cars +3] sq.ft 09 wheeler parking) tation approval is subject to the following conditions:

1. The 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. Developer and Service provider shall adhere all the statutory compliance 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: Application for approval of Addition and Deletion of Area with Revision in Projection submitted by M/s. TechOrbit Solutions Pvt. Ltd. After deliberation, the Committee approved the proposal of the unit for addition and deletion of area admeasuring 13,378 sq.ft. & 4960 Sq.ft respectively along with revision in projections in terms of Rule 19(2) of SEZ Rules, 2006, as detailed below; i. Location / area after addition and deletion of Area: Area in Sq.ft Existi Area proposed to be /Area proposed to |Total Area after xisting Area added be Deleted addition & deletion Ground Floor, Ground Floor,|Building No. IT-5JGround Floor, Building No. IT-Qubix Business ParkiBuilding No. IT- 5, QubixiPrivate Limited,|5, Qubix Business Parki(Premises 1 area of|Business Par Private Limited, |8000 Sq. ft andjPrivate Limited, Premises 2 area off Ground Floor, Building| No. IT-5, Qubi: Business Park Private Limited, (Premises 1 area of 8000 Sq. ft and Premises 2 area o 5738 Sqft) 5738 Sqft) A Admeasuring area- Admeasuring Admeasuring 13,738 sa.ft area-4960 sq.ft |Admeasuring area-jarea-4960 sq.ft , 4: 13,738 sq.ft Approved Revision in Projections (Rs. In Crores) | Sr.No | Particulars | 2023-2412024-25 |2025-26| 2026-27|2027-28| Total 1 FOB Value of exports 5.00 6.50 8.50} 10.00} 12.00 | 42.00)

Foreign Exchange outgo 1.20 0.85) 0.50) 0.50 0.45 | 3.50) 3. Net Foreign Exchange 3.80 5.65 8.00 9.50] 11.55) | 38.50) 1 Investment in Plant & Machinery/Capital Good i. | Indigenous 500.00 ii] Imported 150.00 Total rrrr—COTTCOCOTOTCTCTTT.CY 650.00 2. alue of Services

H i | Indigenous 2500.00 ; ji. | Imported 200.00) foal .....7हफखफ्अखजञज्य़़ख़ | 2700.00 | iEmployment(Men-110, | Women-60) 170 Approval with reference to Deletion of area admeasuring 4960 Sq.ft. is subject to verification report and issuance of NOC from the Specified officer. ' Agenda Item १०.04: Application for approval of Change of Vendor in Cafeteria i submitted by M/s. Crisil Limited The proposal of the unit for change in vendor in their cafeteria, was placed before the Approval Committee. After deliberation, the Committee approved the proposal for change in vendor vide Instruction No 95 dated 11-06-2019 issued by MOC&I Details of location, service provider and area allocated for Cafeteria: Name of Activity Location of Area Vendor Cafeteria in Sq.ft | M/s. Elior/Vendors bring pre-cooked food and serve to|Ground Floor, IT-3] 6565 West employees post heating it/cooking food|Bldg., Qubix! | Catering sing electrical appliance and serves the|/Business Park Pvt LLP same to employees. In both the cases|Ltd.~SEZ. i ithout availing any benefit This approval is subject to the following conditions: 1, The 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. Developer and Service provider shall adhere all the statutory compliance i 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 unit and the i Developer. | Agenda Item No.05: Monitoring of performance for M/s. Accenture Solutions Private Ltd The performance of the unit for the 5 year of 27१ Block period ie. FY 2020- 21(Out of 5 years Block period FY 2016-17 to FY 2020-21) and 2 year for 3°4 Block period ie, FY 2021-22 and FY 2022-23 (Out of 5 years Block period FY 2021-22 to FY 2025-26) was placed before the Approval Committee for Monitoring purpose. The Committee observed that the Unit has achieved export revenue of Rs. 1458.11 Crores as against projected export of Rs. 1222.25 Crores for ost year of 274 Block period with a positive cumulative NFE of Rs 5848.11 Crores and export revenue of Rs. 4987.46 Crores as against projected export of Rs. 2611.90 Crores for

File = FY 2021-22 to 2022-23 in 02 years of 34 Block period with a positive cumulative NFE of Rs 4890.14 with employment of 15503 employees (Men-7975, Women-7528) as on 31.03.2023 ie. FY 2022-23. The committee also observed that the unit has not filed DSPF from FY 2020-21 to 2022-23 and committee advised the unit to comply with the same and intimate the JDC office accordingly by 31.03.2024. After deliberation, the Approval committee noted the performance of M/s. Accenture Solutions Pvt Ltd. FY 2020-21 i.e. 5 year of 277 Block Period and FY 2021-22 to 2022-23 i.e 2 years of 37१ Block period in terms of Rule 54 of SEZ Rules, 2006. Agenda Item No.06: Application for approval of Change in Designated Partners and their Shareholding pattern submitted by M/s. PharmaACE Innovations LLP The proposal of M/s. PharmaACE Innovations LLP. was placed before the Approval Committee. After deliberation, the Approval committee approved Change in Designated Partners and their Shareholding pattern in terms of Instruction No. 109 dated 18.10.2021. Approved List of Designated Partners: Sr. No. | Name of the Director | Contribution | % Date of Appointment {Rs.) i. [Kumar Anuj Bhutani 12,500 12.5 | | 2. Harjot Singh 87,500 87.5| 05.04.2023 (Appointment) otal 1,00,000 100 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; b. Fulfillment 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. d. Full financial details relating to change in equity/merger, de-merger, amalgamation or transfer in ownership etc. shall be furnished immediately to Member (IT&R), CBDT, Department of Revenue and to the jurisdictional Authority. 8. The assessing officer shall have the right to assess the taxability of the gain/loss arising out of the transfer of equity or merger, de-merger, amalgamation, transfer in ownership etc. as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 1961. f. The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. g. The applicant shall furnish details of PAN and jurisdictional assessing office of the unit to CBDT. h. The applicant shall be recognized by the new name or such arrangement in C

all the records. Agenda Item No.07: Application for approval of Change in Shareholding pattern submitted by M/s Tata Technologies Limited (LOA No. 07, 16 & 39) The proposal of M/s. Tata Technologies Limited was placed before the Approval Committee. After deliberation, the Approval committee approved the Change in Shareholding pattern of M/s. Tata Technologies Limited for the units holding the below mentioned LOA’s located in Qubix in terms of Instruction No. 109 dated 18.10.2021. . . LOA No, SEEPZ-SEZ/TTL/07/2011-12/482 dt 11.01.2011 LOA No. SEEPZ-SEZ/FIPL-SEZ/CSIPL/16/2012-13/10989 dt 13.08.2012 LOA No. SEEPZ/NTPL-SEZ/TTL/39/2014-15/11233 dt 10.09.2014 Approved Shareholding Pattern : Sr. No. Category No. of Shares % of Paid up capital 1. ‘ata Motors Limited 21,65,69,816 53.38 2. Other Tata Group Entities 4,47,90,352 11.04 3. [Public 14,43,08,362 35.58 OTAL 40,56,68,530 100.00 The approval is subject to the conditions as laid down in Instruction No. 109, as applicable, issued by MOC&I a. b. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity; Fulfillment 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, de-merger, 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, de-merger, amalgamation, transfer in ownership 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.

CS Te i वीक. EE a ke i cs Sle le File No.S-SEZ-MINSOQBXP/1/2022-JDCP g. The applicant shall furnish details of PAN and jurisdictional assessing office of the unit to CBDT. h. 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. (R K Mishra, IRS) Chairman-cum- Development Commissioner ।