Minutes of the 130th meeting of the BOA for SEZ held on 18.07.2025.

No. K-430 I 61 5 12025-SEZ Government of India Ministry of Commerce and lndustry Department of Commerce (SEZ Section) Vaniiya Bhawan, New Delhi Dated the 4th August, 2025 OFFICE MEMORANDUM

Subject: l30th Meeting of the Board of Approval on Special Economic Zones (SEZs) held on

l Sth July, 2025 - Reg. Please find enclosed herewith Minutes of the l30th meeting of the Board of Approval for SEZs held on lSth July, 2025 under the Chairmanship of Shri Sunil Barthwal, Secretary, Department of Commerce for information and necessary action. 2. The Development Commissioners are requested to take urgent necessary action, on the t (Pratee Baj i) Under Secretary to the Government of India Tel:23039939 Emai I : prateekbaj pai.moca@,n ic. i n To l. Central Board of Excise and Customs, Member (Customs), Department of Revenue, North Block, New Delhi. (Fax:23092628). 2. Central Board of Direct Taxes, Member (lT), Department of Revenue, North Block, New Delhi. (Telefax: 23092107). 3. Joint Secretary, Ministry of Finance, Department of Financial Services, Banking Division, Jeevan Deep Building, New Delhi (Fax: 23344462123366797). 4. Shri Sanjiv, Joint Secretary, Department of Promotion of Industry and Internal Trade (DPIIT), Udyog Bhawan, New Delhi. 5. Joint Secretary, Ministry of Shipping, Transport Bhawan, New Delhi. 6. Joint Secretary (E), Ministry of Petroleum and Natural Gas, Shastri Bhawan, New Delhi 7. Joint Secretary, Ministry of Agriculture, Plant Protection, Krishi Bhawan, New Delhi. 8. Ministry of Science and Technology, Sc 'G' & Head (TDT), Technology Bhavan, Mehrauli Road, New Delhi. (Telefax: 26862512) 9.

y, Ministry of Agriculture, Plant Protection, Krishi Bhawan, New Delhi. 8. Ministry of Science and Technology, Sc 'G' & Head (TDT), Technology Bhavan, Mehrauli Road, New Delhi. (Telefax: 26862512) 9. Joint Secretary, Department of Biotechnology, Ministry of Science and Technology, 7th Floor, Block 2,CGO Complex, Lodhi Road, New Delhi - I l0 003. directions of BoA.

10. Additional Secretary and Development Commissioner (Micro, Small and Medium Enterprises Scale Industry), Room No. 701, Nirman Bhavan, New Delhi (Fax: 2306231s). I l. Secretary, Department of Electronics & Information Technology, Electronics Niketan, 6, CGO Complex, New Delhi. (Fax: 24363101)
11. Joint Secretary (lS-l), Ministry of Home Affairs, North Block, New Delhi (Fax:23092569)
12. Joint Secretary (C&W), Ministry of Defence, Fax: 23015444, South Block, New Delhi.
13. Joint Secretary, Ministry of Environment and Forests, Pariyavaran Bhavan, CGO Complex, New Delhi - I 10003 (Fax:24363577)
14. Joint Secretary & Legislative Counsel, Legislative Department, M/o Law & Justice, A-Wing, Shastri Bhavan, New Delhi. (Tel: 23387095).
15. Department of Legal Affairs (Shri Hemant Kumar, Assistant Legal Adviser), M/o Law & Justice, New Delhi.
16. Secretary, Department of Chemicals & Petrochemicals, Shastri Bhawan, New Delhi
17. Joint Secretary, Ministry of Overseas Indian Affairs, Akbar Bhawan, Chanakyapuri, New Delhi. (Fax 24674140)
18. Chief Planner, Department of Urban Affairs, Town Country Planning Organisation, Vikas Bhavan (E-Block), I.P. Estate, New Delhi. (Fax:23073678123379197)

Chanakyapuri, New Delhi. (Fax 24674140) 19. Chief Planner, Department of Urban Affairs, Town Country Planning Organisation, Vikas Bhavan (E-Block), I.P. Estate, New Delhi. (Fax:23073678123379197) 20. Director Ceneral, Director General of Foreign Trade, Department of Commerce, Udyog Bhavan, New Delhi. 21. Director Ceneral, Export Promotion Council for EOUs/SEZs, 8G, SthFloor, Hansalaya Building, 15, Barakhamba Road, New Delhi- 110 001 (Fax: 223329770) 22. Dr. Rupa Chanda, Professor, Indian Institute of Management, Bangalore, Bennerghata Road, Bangalore, Karnataka 23. Development Commissioner, Noida Special Economic Zone, Noida. 24. Development Commissioner, Kandla Special Economic Zone, Gandhidham. 25. Development Commissioner, Falta Special Economic Zone, Kolkata. 26. Development Commissioner, SEEPZ Special Economic Zone, Mumbai. 27. Development Commissioner, Madras Special Economic Zone, Chennai 28. Development Commissioner, Visakhapatnam Special Economic Zone, Visakhapatnam 29. Development Commissioner, Cochin Special Economic Zone, Cochin. 30. Development Commissioner, Indore Special Economic Zone,lndore. 31. Development Commissioner, Mundra Special Economic Zone,4th Floor, C Wing, Port Users Building, Mundra (Kutch) Gujarat. 32. Development Commissioner, Dahej Special Economic Zone, Fadia Chambers, Ashram Road, Ahmedabad, Gujarat 33. Development Commissioner, Navi Mumbai Special Economic Zone, SEEPZ Service Center, Central Road, Andheri (East), Mumbai - 400 096 34.

conomic Zone, Fadia Chambers, Ashram Road, Ahmedabad, Gujarat 33. Development Commissioner, Navi Mumbai Special Economic Zone, SEEPZ Service Center, Central Road, Andheri (East), Mumbai - 400 096 34. Development Commissioner, Sterling Special Economic Zone, Sandesara Estate, Atladra Padra Road, Vadodara - 390012 35. Development Commissioner, Andhra Pradesh Special Economic Zone, Udyog Bhawan, 9th Floor, Siripuram, Visakhapatnam - 3 36. Development Commissioner, Reliance Jamnagar Special Economic Zone, Jamnagar, Gujarat 37. Development Commissioner, Surat Special Economic Zone, Surat, Gujarat 38. Development Commissioner, Mihan Special Economic Zone, Nagpur, Maharashtra

39. Development Commissioner, Sricity Special Economic Zone, Andhra Pradesh.
40. Development Commissioner, Mangalore Special Economic Zone, Mangalore.
41. Government of Andhra Pradesh, Principal Secretary and CIP, Industries and Commerce Department, A.P. Secretariat, Hyderabad - 500022. (Fax: 0'ti)-).i''i:-lr;'i5).
42. Government of Telangana, Special Chief Secretary, Industries and Commerce Department, Telangana Secretariat Khairatabad, Hyderabad, Telangana.
43. Government of Karnataka, Principal Secretary, Commerce and Industry Department, Vikas Saudha, Bangalore * 560001 . (Fax: {}N{ i-r - l.i q:l7i})
44. Government of Maharashtra, Principal Secretary (lndustries), Energy and Labour Department, Mumbai - 400 032.
45. Government of Gujarat, Principal Secretary, Industries and Mines Department Sardar Patel Bhawan, Block No. 5, 3rd Floor, Gandhinagar - 382010 (Fax: (t7r)'l j:-,.ilii.l'i).

, Mumbai - 400 032. 45. Government of Gujarat, Principal Secretary, Industries and Mines Department Sardar Patel Bhawan, Block No. 5, 3rd Floor, Gandhinagar - 382010 (Fax: (t7r)'l j:-,.ilii.l'i). 46. Government of West Bengal, Principal Secretary, (Commerce and Industry), IP Branch (4th Floor), SEZ Section,4, Abanindranath Tagore Sarani (Camac Street) Kolkata- 700 016 47. Government of Tamil Nadu, Principal Secretary (lndustries), Fott St. George, Chennai - 600009 (Fax: ir*'r - '.r lil, ll). 48. Government of Kerala, Principal Secretary (lndustries), Government Secretariat, Trivandrum

• 695001 (Fax: / )'; I I -: j'i.ii) i 7).

49. Government of Haryana, Financial Commissioner and Principal Secretary), Department of Industries, Haryana Civil Secretariat, Chandigarh (Fax: i:i':.; '''',",';1' 11:).
50. Government of Rajasthan, Principal Secretary (lndustries), Secretariat Campus, Bhagwan Das Road, Jaipur :rlrlli{J j {(r 1,..l I -l: j i ji!). 5l . Government of Uttar Pradesh, Principal Secretary, (lndustries), Lal Bahadur Shastri Bhawan, Lucknow - 226001 (Fax: {).-i 2.l-ll.l ii2': j)'
51. Government of Punjab, Principal Secretary Department of Industry & Commerce Udyog Bhawan), Sector - I 7, Chandigarh- 160017.
52. Government of Puducherry, Secretary, Department of lndustries, Chief Secretariat, Puducherry.
53. Government of Odisha, Principal Secretary (lndustries), Odisha Secretariat, Bhubaneshwar - 75 I 00 I (Fax: 067 I -5368 1912406299).
54. Government of Madhya Pradesh, Chief Semetary, (Commerce and Industry), Vallabh Bhavan, Bhopal (Fax: I ,.'i i-: :ir!'7'i)

a Secretariat, Bhubaneshwar - 75 I 00 I (Fax: 067 I -5368 1912406299). 55. Government of Madhya Pradesh, Chief Semetary, (Commerce and Industry), Vallabh Bhavan, Bhopal (Fax: I ,.'i i-: :ir!'7'i) 56. Government of Uttarakhand, Principal Secretary, (lndustries), No. 4, Subhash Road, Secretariat, Dehradun, Uttarakhand 57. Government of Jharkhand (Secretary), Department of Industries Nepal House, Doranda, Ranchi -834002. 58. Union Territory of Daman and Diu and Dadra Nagar Haveli, Secretary (lndustries), Department of Industries, Secretariat, Moti Daman -396220 (Fax: i),)',ri' 1.1 :|'i'l':). 59. Government of Nagaland, Principal Secretary, Department of Industries and Commerce), Kohima, Nagaland. 60. Government of Chattishgarh, Commissioner-cum-Secretary lndustries, Directorate of Industries, LIC Building Campus, 2nd Floor, Pandri, Raipur, Chhattisgarh (Fax: i;77 i .l ..t itii i). Copy to:- PSO to CS / PPS to SS (LSS) / PPS to JS (VAy PA to Dir (GP). t
/

ies, Directorate of Industries, LIC Building Campus, 2nd Floor, Pandri, Raipur, Chhattisgarh (Fax: i;77 i .l ..t itii i). Copy to:- PSO to CS / PPS to SS (LSS) / PPS to JS (VAy PA to Dir (GP). t
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Mi 1 ino of the Bnard o{ A a, Inr QETa lralal ^ {dh July.2025 The One Hundred and thirtieth (13dh) meeting of the Board of Approval (BoA) for Special Economic Zones (SEZs) was held on 18th July, 2025 under the chairmanship of Shri Sunil Barthwal, Secretary, Department of Commerce, in Room No. 427, Vanijya Bhawan, New Delhi, through hybrid mode. The list of partieipants is at Annexure=!. The item-wise decisions taken by the Board are as below: Agenda ltem No. 130.1: Ratificatisn of the minutes of the 12Sh meeting of the Board of Approva! for Speeia! Eeonomic Zones (SEZs) held on 6th June, 2025. The Board ratitled the minutes of the 12dh meeting of the BoA for SEZs held on 6th June, 2025. Agenda ltem No. 130.2: Request for extension of LoA of SEZ Unit [1 proposal- 130.2(i)] 130.2(i). Request ol M/s Biocon Biosphere Limited, a unit in Biocon timited Speeial Economie Zone, Bommisandra lndustrial Area, Bangalore, Karnataka, for extension of validity of Letter of Approval tot' a further period of one year from 12.06.2025 to 11.06.2026 (sth Extension). The Board, after deliberations, granled extenslell of validity of LoA for a further period of one year, i.e., upto 11.06.2026. Agenda ltem No.

one year from 12.06.2025 to 11.06.2026 (sth Extension). The Board, after deliberations, granled extenslell of validity of LoA for a further period of one year, i.e., upto 11.06.2026. Agenda ltem No. 130.3: Request for Co-Developer status [ 1 proposal -'t30.3(i)] 130.3(i) Request of M/s ANSR Globat Corporation Private Limited, for Co- Developer status in Electronics Technology Parks- Kerala (Phase-lll), Attipra Village, Thiruvananthapuram District, Kerala. The Board, after deliberations,approved the proposal of tV/s ANSR Global eorporation Private Limited, for Co-Developer status in Electronics Technology Parks- Kerala (Phase-lll), Attipra Village, Thiruvananthapuram District, Kerala, for lnfrastructure development, conversion of bare shell building into warm shell building, leasing out the built-up space, facility N/anagement service over built-up of area 4062.185 sq.mtr. (43,725 sq ft in 4th Floor;, in accordance with the co- development agreement dated 02nd ttlay 2025, entered into with the Developer (lV/s. Electronics Technology Parks- Kerala (Phase:lll))subject to the condition that co-developer must submit the certificate in compliance to Rule 11A(3)(c) of ( \

entered into with the Developer (lV/s. Electronics Technology Parks- Kerala (Phase:lll))subject to the condition that co-developer must submit the certificate in compliance to Rule 11A(3)(c) of ( \

SEZ Rules and subject to standard terms and conditions as per the SEZ Act and Rules. Further, the Assessing Officer will have the right to examine the taxability of the income by way of lease rentals/down payment/premium, etc. for the purpose of assessment under the prevalent lncome-tax Act, 1961 and lncome-tax Rules, '1962 as amended from time to time. The lease period shail be in accordance with DoC's lnstruction No. 98 dated 29th August, 2019. Agenda ltem No. 130.4: Request for Cancellation of Co-Developer status [1 proposal-130.4(i)] 130.4(i) Request for cancellation of Co-Developer status - M/s. Sri Channakeshava Tech Park, Co-Developer in Shyamaraju & Company (lndia) Private Limited (formerly Divyasree Technopark) SEZ, Kundalahalli Village, Krishnarajapuram, Hobli, Bangalore East Taluk, Bangalore, Karnataka. BoA approved the withdrawal of the agenda item based on the application for withdrawal of the proposal dated 17.07.2025 received from the Co-developer, N//s. Sri Channakeshava Tech Park, through the DC, CSEZ. Agenda ltem No. 130.5: Request lor notification or partial/full de-notification [3 proposal 130.5(i)- 130.s(iii)I 130.5(i) Proposal of M/s. Ansal lT City & Parks Limited, Developer for partial de-notif ication of 8.717 Ha out of 30.41 Ha of IT/ITES SEZ at Plot No.

e-notification [3 proposal 130.5(i)- 130.s(iii)I 130.5(i) Proposal of M/s. Ansal lT City & Parks Limited, Developer for partial de-notif ication of 8.717 Ha out of 30.41 Ha of IT/ITES SEZ at Plot No. 6, Sector-Techzone, Greater Noida, Uttar Pradesh The Board, after deliberations, apploved the partial de-notification of 8.717 Ha out ol 30.41 Ha of ltl/s. Ansal lT City & Parks Limited, IT/ITES SEZ at Plot No. 6, Sector-Techzone, Greater Noida, Uttar Pradesh. 130.5(ii) Proposal of M/s. G V Techpark Private Limited, (Formerly M/s. Tanglin Developments Limited) Developer of Global village SEZ Developer for partial de-notification of 0.278 Ha from the notif ied SEZ land area of 14.625 ha at Mylasandra/Pattengere Villages, RVCE Post, Off. Bangalore-Mysore Highway, Bangalore, Karnataka The Board, after deliberations, apprqved the partial de-notification of 0.278 Ha out ol 14.625 Ha of lV/s. G V Techparks Private Limited, (Formerly ttl/s. Tanglin Developments Limited), IT/ITES SEZ at Nlylasandra/Pattengere Villages, RVCE Post, Off. Bangalore-ft/ysore Highway, Bangalore, Karnataka. 130.5(iii) Request of M/s. Carborundum Universal Limited, Developer of Carborundum Universal Limited SEZ, Kalamaserry for cancellation of LoA and de-notification of entire SEZ area of 10 Ha at Electro Mineral Division, Kalamassery Development Plot, Ernakulam District, Kerala The Board, after deiiberations, approved the cancellation sf LoA and de- M' \

cation of entire SEZ area of 10 Ha at Electro Mineral Division, Kalamassery Development Plot, Ernakulam District, Kerala The Board, after deiiberations, approved the cancellation sf LoA and de- M' \

notif ication of the entire SEZ area of 10 Ha of tV/s. Carborundum Universal Limited, Solar Photovoltaic sector at Electro ltlineral Division, Kalamassery Development Plot, Ernakulam District, Kerala. Agenda ltem No. 130.6: Request for eonversion of Processing Area into Non-Processing Area under Rule 11(B) t 3 proposals - 130.6(i)- 130.6(iii)l 130"6(i) Request of M/s Manyata Promoters Private Limited, Bangalore, Co'Developer of Embassy Property Developments Private Limited SEZ, Rachenahalli Village, Bangalore, Karnataka for demarcation of SEZ Processing Built-up area (11,337 sq.mtr.) as Non-Processing Area in terms of Rule 1 1 B of SEZ Rules 2006 read with lnstruction No.1 15 dated 09.04.2024. The Board, after deliberations, permitted the demarcation of the following area as Non-Processing Area in terms of Rule 11B of SEZ Rules, 2006: - Building Deseription Area (in M2) Parcel 2 1oth Floor 5662 13th Floor 5675 Total 11337 130.6(ii) Request of M/s Bagmane Developers Private Limited (formerly Bagmane Constructions Private Limited), Bangalore, Developer lor demarcation of SEZ at Mahadevapura, K R Puram, Bangalore North, Karnataka for Proeessing Built-up area (9948.79 sq.mtr.) as Non-Processing Area in terms of Rule 11 B of SEZ Rules 2006 read with lnstruetion No.l15 dated 09.04.2024. The Board, after deliberations, permitted the demarcation of the following area as

.mtr.) as Non-Processing Area in terms of Rule 11 B of SEZ Rules 2006 read with lnstruetion No.l15 dated 09.04.2024. The Board, after deliberations, permitted the demarcation of the following area as Non-Proeessing Area in terms of Rule 1 1B of SEZ Rules, 2006: - Building Description Area (in M2) Amber 7th Floor 1673.97 gth Floor 1673.97 10th Floor 1673.97 Ground Floor 1651.88 Basement 3275.00 Total 9948.79 130.6(iii) Proposal submitted by M/s. Magarpatta Township Development and Gonstruction Company Ltd. SEZ, Magarpatta City, Hadapsar, Haveli, Pune, Maharashtra for approval of Demarcation of Built up Floors as Non- Processing Area (NPA) of notified IT/ITES SEZ. \

The Board, after deliberations, permiiled the demarcation of the foilowing area as Non-Processing Area in terms of Rule 1 1B of SEZ Rules, 2006: - Sr. No Tower No Floor No. Total floor NPA proposed forlBuilt up area (in lsq.nlttrl 1 Tower 8 UGL 1 13e43.06 2 Level-1 1 13522.61 3 Level-2 1 1s522.61 4 Level-3 1 13522.61 5 Level-4 1 13s22.61 6 Tower 9 Level-4 1 13s22.61 7 Level 5 1 13522.61 ota Agenda item no. 130.7: Miscellaneous [1 proposal: 130.7(i)] 130.7(i) Request of M/s.

Level-2 1 1s522.61 4 Level-3 1 13522.61 5 Level-4 1 13s22.61 6 Tower 9 Level-4 1 13s22.61 7 Level 5 1 13522.61 ota Agenda item no. 130.7: Miscellaneous [1 proposal: 130.7(i)] 130.7(i) Request of M/s. ldhan Private Limited, a unit in Vishakhapatnam SEZ, Vishakhapatnam for import of used Cooking Oil (Prohibited ltem). The Board, after deliberations, approved the proposal for import of used Cooking Oil subject to eondition that the imported cooking oil shall be exclusively used for manufacturing of Biodiesel and export thereof and clearance of imported used cooking oil to DTA shali not be allowed. Agenda ltem No.130.8: Appeal [4 cases: 130.8(i)- 130.8(iv)] 130.8(i) Appeal dated 10.02.2025 filed by M/s. Margo lmpex Private Limited against the decision of UAC meeting held on 02.01 .2025 which was conveyed vide order dated 13.01 .2025. 130.8(ii) Appeal dated 09.04.2025 of M/s. F.N. IMPEX against the Order-in- original No KASEZI21I2024-25 dt 1110312025 passed by the Development Commissioner, KASEZ -reg. 130.8(iii) Appeal dated 29.04.2025 filed by M/s. Varsur lmpex Pvt. Ltd. in KASEZ under the provision of Section 15(4) of the SEZ Act, 2005 against the decision ot 2121h UAC meeting held on 28.03.2025 conveyed vide email dated 09.04.2025. 130.8(iv) Appeal of M/s. Flamingo Logistics (Warehousing Division) against the decision of 213rd UAC meeting held on 30.04.2025 -reg. The Board could not take up the appeals due to paucity of time. Hence, the Board deferred the above appeals for the next meeting. I
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nst the decision of 213rd UAC meeting held on 30.04.2025 -reg. The Board could not take up the appeals due to paucity of time. Hence, the Board deferred the above appeals for the next meeting. I
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Decision on Supplementary Agenda tor the 13dh meeting oI the Board ol Approval for Special Economic Zones (SEZs) Agenda ltem No. 130.9: Request for extension of LoA [2 proposal -130.9(i)- 130.9(ii)l 130.9(i) Proposalof M/s. NDR lnfrastrueture Private Limited, requesting for 4th extension of validity in respect of their 'ln-Princlple Approval' granted for setting up of a Multi Sector SEZ at Soorai Village & Aayal Village, Sholingar Taluk, Ranipet District, Tamil Nadu. The Board, after deliberations, granted extension of validity of the ln-Principle Approval for a further period of one year, i.e., up to 30.06.2026. 130.9(ii) Proposal of M/s. Magnus lnfrastructure Ltd. for 4h extension of validity period of ln-Principle Approva! granted for setting up of a Multi- Sector SEZ at Neidavoyal Village, Ponneri Taluk, Thiruvallur District, Tamil nadu, over an area of 50.58 Ha, for a further period of one year beyond 30.06.2025 - MEPZ. The Board, after deliberations, granted extension of validity of the In-Principle Approval for a further period of one year, i.e., up to 30.06.2026. Agenda ltem Ns. 130.10: Request for extension of LoA [1 proposal -130.10(i)] 130.10(i) Proposal of M/s. Sanghi SEZ Pvt.

In-Principle Approval for a further period of one year, i.e., up to 30.06.2026. Agenda ltem Ns. 130.10: Request for extension of LoA [1 proposal -130.10(i)] 130.10(i) Proposal of M/s. Sanghi SEZ Pvt. Limited for further extension of the validity period of Formal Approval, granted for setting up of IT/ITES SEZ at Sanghi Nagar PO, Hayat Nagar Manda!, Ranga Reddy District, Telangana beyond 25.06.201'l . The Board, after deliberations, granted extension of validity of the Formal Approval up to 25.06.2026. Agenda ltem No. 130.11 : Request for extension of LoA of SEZ Unit [1 proposal - 130.11(i)] 130"11(i) Request ol Mis Sigachi lndustries Limited, Plot No. Zl85l1lA Dahej SEZ Ltd, Dahej, Village Luvara, Taluka Vagra, District Bharueh, Gujarat for the Extension of the Letter of Approval (LOA) for further period of one year i.e. Upto 24.04.2026. The Board, after deliberations, gta-nled. extension of validity of LoA for a further period of one year, i.e., upto 24.04.2026. Agenda ltem No. 130.12: Request for Go-Developer status [ 1 proposal - 130.12(i)] W

ter deliberations, gta-nled. extension of validity of LoA for a further period of one year, i.e., upto 24.04.2026. Agenda ltem No. 130.12: Request for Go-Developer status [ 1 proposal - 130.12(i)] W

130.12(i) Request of M/s. Savvy Massimo LLP, Ahmedabad for approval as Co-Developer within processing Area in GIFT-Multi Services SEZ at Ratanpur, District Gandhinagar, Gujarat, developed by M/s. GIFT City Company Limited (formerly Mls. GIFT SEZ timited). The Board, after deliberations,approvcd the proposal oftV/s. Savvy tVlassimo ttP, Ahmedabad for approval as Co-Developer within processing Area in GIFT- lVluiti Services SEZ at Ratanpur, District Gandhinagar, Gujarat, developed by l\l/s. GIFT City Company Limited (formerly N//s. GIFT SEZ Limited) to develop and operate SEZ building for units to undertake services/authorized operations in the processing area of GIFT-SEZ over an area13,178.00 sq. mtrs. with total Development Rights of "1,37,960 sqm. (14,85,000 sq. feet), in accordance with the Co-development agreement dated 1sth November, 2A24, with Supplemental Agreement-1, dated lstlt/ay, 2025, entered into with the Developer (tl/s. GIFT City Company Limited (formerly known as N//s. GIFT SEZ Limited)) subject to the condition that co-developer must submit the certificate in compliance to Rule 1 1A(3)(c) of SEZ Rules and subject to standard terms and conditions as per the SEZ Act and Ruies.

mited)) subject to the condition that co-developer must submit the certificate in compliance to Rule 1 1A(3)(c) of SEZ Rules and subject to standard terms and conditions as per the SEZ Act and Ruies. Further, the Assessing Officer will have the right to examine the taxability of the income by way of lease rentals/down payment/premium, etc. for the purpose of assessment under the prevalent lneome-tax Act, 1961 and lneome-tax Rules, 1962 as amended from time to time. The lease period shall be in accordance with DoC's lnstruction No. 98 dated 29th August, 2019. Agenda ltem No. 130.13: Request for notification or partial/full de-notification [2 proposal 130.13(i)- 130.13(ii)l 130.13(i) Proposal of M/s. Phoenix Living Spaces Private Limited, Developer for cancellation of LoA (Formal Approval) and de-notification of entire SEZ notified area of 4.05 Ha at Sy. No. 343/8 and 343/9, Ameenpur Village, Patancheru Mandal, Medak District, Telangana The Board, after deliberations, approvee! the cancellation of LoA (Formal Approval) and de-notification of the entire SEZ area of 4.05 Ha aSy. No. 343/8 and 343/9 of tV/s. Phoenix Living Spaces Private Limited, IT/ITES SEZ, Ameenpur Viiiage, Patancheru lVandal, tt/edak District, Telangana. 130.13(ii) Proposal of M/s. Phoenix Ventures Private Limited SEZ for partial de-notification ol an area of 2.27 Ha from of 3.60 Hectares of their lTilTES SEZ at Scheme # Survey No's.

ict, Telangana. 130.13(ii) Proposal of M/s. Phoenix Ventures Private Limited SEZ for partial de-notification ol an area of 2.27 Ha from of 3.60 Hectares of their lTilTES SEZ at Scheme # Survey No's. 35 (Part) and 36 (Part), Gachibowli Village, Serilingampally Mandal, Ranga Reddy District, Hyderabad. The Board, after deliberations, eleferred the proposai for partial de-notif ication of 2.27 Ha out of 3.60 Ha of l\l/s. Phoenix Ventures Private Limited, |T/ITES SEZ at Scheme # Survey No's. 35 (Part) and 36 (Part), Gachibowli Village, Serilingampally lVlandal, Ranga Reddy District, Hyderabad, for the next meeting of BoA. ( Agenda ltem No. 130.14: \

Request for conversion of Processing Area into Non-Processing Area under Rule 11(B) t 3 proposals - 130.14(i)- 130.14(iia)l 130.14(i) Proposal of M/s. Mikado Realtors Private Limited, Developer of IT/ITES SEZ at Village Behrampur, Gurugram (Haryana) for demarcation of built-up Processing Area admeasuring '42836.34 Sqmt. of Ground to 12th floor, Tower-3' into Non-Processing Area under Rule 118 of SEZ Rules, 2006 read with lnstruction No. 115 dated 09.04.2A24. The Board, after deliberations, permilted the demarcation of the following area as Non-Processing Area in terms of Rule 1 1B of SEZ Rules, 2006: : Building/Tower/Block No. Floor no. to be demarcated as NPA Tsta! area built-up (in Sqmt.) Tower-3 Ground to 12th floor 142836 34 otal 34 130.14(ii) Proposal of M/s.

f Rule 1 1B of SEZ Rules, 2006: : Building/Tower/Block No. Floor no. to be demarcated as NPA Tsta! area built-up (in Sqmt.) Tower-3 Ground to 12th floor 142836 34 otal 34 130.14(ii) Proposal of M/s. Embassy Pune TechZone Private timited SEZ, Pune, Maharashtra for Demareation of Built up Floors as Non-Processing Area (NPA) of notified IT/ITES $EZ in terms of Rule 11 B of SEZ Rules 2oo6 read with lnstruetion No. 115 dated o9.o4.2o24. The Board, after deliberations, permitted the demarcation of the following area as Non-Proeessing Area in lerms of Rule 1 1B of SEZ Rules, 2006: - Tower No Floor No Built Sq.lVtr) up area (in Block 1.11(Nile) No 7th (Seventh Floor) 3795.213 Total 3795.213 130. 14(iii) Proposal of M/s. Sundew Properties Ltd, Developer at Madhapur, Near Hyderabad, Ranga Reddy District, Telangana for demareation of SEZ under Rule 11 B of SEZ (Fifth Amendment) Rules, 2023 The Board, after deliberations, pe[mitted the demarcation of the following area as Non-Processing Area in terms of Rule 1 1B of SEZ Rules, 2006: : Building No Floor No Built Sq.lt/tr) up area (in Bldg, No.14 5ltr 4779.59 Bldg. No.14 6th 4747.36 Bldg. No.14 zlh 4747.36

wing area as Non-Processing Area in terms of Rule 1 1B of SEZ Rules, 2006: : Building No Floor No Built Sq.lt/tr) up area (in Bldg, No.14 5ltr 4779.59 Bldg. No.14 6th 4747.36 Bldg. No.14 zlh 4747.36

otai 14,274.31 Agenda ltem No. 130.15: Miscellaneous [ 2 proposal - 130.15(i) - 130.15(ii)] 130.15(i) Proposal of M/s. Honeywell Technology Solution Lab Pvt. Ltd. (Co-developer) lor partial surrender of their vacant land area to the Developer, M/s. ELCOT Limited in ELCOT lT/ITES SEZ located at llandhaikulam, Madurai District, Tamil Nadu. The Board, after deliberations, appfoved the proposal of Nl/s. Honeywell Technology Solution Lab Pvt. Ltd(Co-developer), for partial surrender of area of 0.975 Ha (2.41 acres) of land to the Developer (N/s. ELCOT Ltd). 130.1s(ii) Proposal of M/s. Sunjewels Private Limited, Unit No. 605-605, 6th Floor, Multistoried Building, SEEPZ-SEZ, Andheri (East), Mumbai, 400096 for broad banding of items, under CTH 7113 and 7117, as per Rule 19(2) read with Rule 26 and Rule 27 of SEZ Hules 2006 and lnstruction No. 47 dated 04.03.2010. The Board, alter deliberations, approvqd this proposal subject to the condition that prior clearance/NOC from Wildlife Crime Control Bureau (WCCB), tt/inistry of Environment, Forests & Climate Change. The abalone used in manufacturing jewellery shall be in shell form only, and not in the form of a live organism. The approval is subject to the condition that the entire imported abalone must be exported and not diverted to the Domestic Tariff Area (DTA) in any form, whether raw or finished.

of a live organism. The approval is subject to the condition that the entire imported abalone must be exported and not diverted to the Domestic Tariff Area (DTA) in any form, whether raw or finished. The details of items to be newly manufactured using both precious and non-precious metals under CTH-71'13 and 7117 embedded with abalone and other stones under broad-banding facility are as under: Sr. No. Description of the items to be newly manufactured Proposed Capacity (Pieces) Custom Taritf Heading '1 Gold, Silver & platinum & Palladium Jewellery Siu&led with Lab Grown Diamond and diamonds Pr Stones, Semi Pr. Stone, pearl, lVother of pearl, Synthetic Stone and Abalone 800.00 7113 r) a- Brass, Bronze & Titanium Jewellery Studded with Lab Grown Diamonds and diamonds, Pr Stones, Semi Pr Stone, Pearl, N/other of Pearl and Synthetic Stone and Abalone 200.00 7117 ( C$ \

Annexure List of Participants for the Meeting of the Board of Approval for SEZ held on 18.07.2025 under the Chairmanship of Commerce Secretary, Department of Commerce. t. Shri Sunil Barthwal, Chairman & Commeree Secretary, Department of Commerce 2. Shri L. Satya Srinivas, Special Seeretary, Department of Commerce 3. Shri Ajay Bhadoo, DG, DGFT 4. Shri Vimal Anand, Joint Secretary, DoC 5. Shri Gaurav Pundir, Director, DoC 6. Shri lVanoj K. Arona, Pr. DG, DGEP, eBlC z. Shri Ranjan Khanna, Pr. ADG, DGEP, CBIC B. Shri Abhay Kumar, ADG, DGEP, eBlC 9. Smt. P. Hemalatha, Development Commissioner, CSEZ 10. Shri Dinesh Singh, Development Commissioner, KASEZ 11. Shri D.B. Patil, Development e ommissioner, SEEPZ-SEZ 12.

Abhay Kumar, ADG, DGEP, eBlC 9. Smt. P. Hemalatha, Development Commissioner, CSEZ 10. Shri Dinesh Singh, Development Commissioner, KASEZ 11. Shri D.B. Patil, Development e ommissioner, SEEPZ-SEZ 12. Shri Srinivas [Vluppaala, Development Commissioner, VSEZ 13. Shri D.B Singh, Development Commissioner, FSEZ 14. Shri Alex Paul N/enon, DeveloBment eommissioner, TVEPZ-SEZ 15. Shri Surender It/alik, JDC, NSEZ. 16. Shri Abhinav Gupta, Development eommissioner, GIFT City SEZ. List of participants connected with Video Conferencing:

1. Shri Hardev Singh, DCIT (OSD), ITA-1, e BDT
2. Shri Neeraj Rawat, Deputy Legal, D/o Legal Affairs