Agenda for meeting of Unit Approval Committee Meeting to be held on 28.08.2024

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=t) rlm fmhftmtdi riq x4si<-i ai'?rB =e aawi MEETING

OF THE APPROVAL COMMIffEE

FOR SECTOR SPECIFIC SPECIAL

ECONOMIC

ZONE
FOR
IT/ITES

OF
M/s.

MINDSPACE BUSINESS PARKS PRIV ATE LIMITED. I I r$
: ;ia, =.un 4Pm, P==t,m ziH* =m =hiq'mq, fflci-h, mffl (0),
i VENUE

: Conference

Hall,
2nd Floor,

The
Office

of the
Development Commissioner, SEEPZ-SEZ, Andheri (East), Mumbai. '

: 'q, :_8 ':, 2024 DATE

: Wednesday, 28th August, 2024 mn

: m: il :30 ':d TIME

: 11:30A.M.

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1

Meeting

of the Approval Committee for Sector Specific Special Economic Zone for IT/ITES of M/s.
Mindspace Business Parks Private Limited - SEZ under

the Chairmanship

of Development

Commissioner,

SEEPZ-SEZ

on Wednesday, 28'h Aug ust, 2024. p / INDEX Agenda Item No. Agenda Item No. 01 : Agenda Item No. 02 : Subject 07.08.2024 @ ' "* " e @i Confirmation

of minutes

of
the
meeting

held

on 07.08.2024. Proposal rif M/s. Accenture Solutions Pvt. Ltd. located at Mindspace

Business

Parks

Pvt.
Ltd.

SEZ Airoli, Navi

Mumbai

for
approval

w.r.t.

change

in Composition of Board of Directors of their company.

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• II
• )kk * II
• • • II
• • )kk * * 2

i Minutes of 128'h
Meeting of the Approval Committee for Sector Specific

Special

Ernnnmic

7one

of
M/s.

Mindspace

Business Parks

Pvt.

Ltd.

SEZ,

Airoli,

Navi

Mumbai,

under

the Chairmanship

of
Development

Commissioner, SEEPZ-SEZ

held on 07.08.2024, at Second

Floor

SEEPZ

Sece Centre, SEEPZ SEZ, Mumbai.

1. Name of the SEZ
2. Sector
3. Meeting no
4. Date Present: Mpmhprs

/Tnvit.pes : M/s. Mindspace Business Parks Pvt. Ltd. IT/ITES 12 Btli 07.08.2024 Sr. No. Na_me

of Members Designation Organization _ 11
_I1

jl

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__ a f _ _ 1 -I. ffi. m. 1. ' Shri. C. P. S. Chauhan ""l'2p. TEC q, Jt. Development Commissioner, --';m SEEPZ-SEZ. _fl
('1 t', , _,, , 2 '[1. (-II,g< !lUi$%! Shri. Leider Panicker J 3 3TT2I Joint
Commissioner Income Tax %)

1
"

' Nominee

of Commissioner

of Income Tax office, Mumbai. *. few w vN (% } _ _ O
fat _ _ n

, % % i 3 =}
a-
aa 8
a a = - Shri. Himanshu Dhar Pandey &! 1<kt) ,g'lVllt4'hel Deputy Director DGFT Nominee

of
the Additional

DGFT, Mumbai. f!r._._f

..... j rsl__ _l ',

i-mMi 4 fl 'p W Smt. Poonam Darade feT??i ' Deputy

Director Industries Nominee

of
DC Industries,

' Government

of Maharashtra. ..('i
n
n __

k

+a+

;m;'p, ', ff ", ':, 8 % ' 5 'Nl'l(-II 'liNl <t'l=,p"ui-l Smt. Meera Ramkrishnan. ';!TI'TT :JrKl';' dn WESRICh &19Th Assistant

Commissioner of Customs Nominee

of Commissioner

of Customs,

General, 3

Air
Cargo,

Sahar, Mumbai.

rs

_

('1.
_ (" i
. 6 A

' Dr. Prasad Varwantkar 'fl. TE 3TT2p, € l'J1-q € %!> Dy.
Development Commissioner,

SEEPZ- SEZ 7 *. y,i. tr Shri. R.K. Jain f

,

Specified Officer, SEEPZ- SEZ ft* ai4Pa a<m: Special Invitee: pi Smt.
Rekha

Nair,

ADC
(New SEZ),

Shri.
G.S. Bhandari,

ADC (New

SEZ)
&
Shri.

Manish Kumar,

ADC
(New

SEZ),

also attended

for
assistance

and smooth

functioning

of the meeting. Agenda Item No. 01: Confirmation of Minutes of the 127'h meeting held on 18.07 .2024. The Minutes of the 127L'h Meeting held on 18.07.2024 were confirmed with consensus. Agenda

Item

No.

02 : Application

of
M/s.

eClerx Services

Limited

at Mindspace-SEZ

for

capacity enhancement

on
addition

of location

qr1mc,u,iui;big

44,047 Sqft.
located at Unit No.
ION, ISt
office

floor

level,

2 nd building,

Building

No.

11, Mindspace

Business

Parks Pvt.
Ltd.-SEZ,

Thane Belapur Road,

Airoli,

Navi

Mumbai- 400708 in the Existing LOA. M/s. eClerx Services Limited. lias
requested

for capacity 4

enl'iancement

on
addition

of location

admeasuring

44,047 Sqft. located at Unit No. 101,
Ist office

floor level, 211d

building, Building

No.
11,
Mindspace Business

Parks

Pvt.
Ltd.-SEZ, Thane Belapur Road, Airoli, Navi Mumbai-400708 in the Existing LOA with revision in projections. A. E'ustinn and Revised 'Pro'u.ct.ions: Sr. No Item Existing Projections Revised Projections 1. Employment Men Women Men Women 3500 1830 4477 1920 TOTAL : 5330 6397 B
Dpt.ails of Existinn & Pronrispd Investment. Sr. No. Item Approved projections

for 5 year

i.e. 2020-21

to 2024-25 Approved Projections

3 years

due Addition

of Location

i.e. 2022-23 to 2024- 25 Proposed projections

for
1 year

due
to addition of 2024-25 1. Employment Men Women Men Women Men Women 3400 1795 3500 1830 4477 1920 2. Investment- Plant

and Machinery (Rs.
In Lakhs) (i) Indigenous 1300.00 2500.00 700.00 (ii) Imported 3550.00 5500.00 1200.00 Total Investment Plant

and Machinery 4850.00 8000.00 +goo.oo Machinery 3, Import

and Indigenous requirement of
material and
other inputs (Rs. In Lakhs) 5

(i) Imported Capital goods 3550.00 5500.00 1200.00 (ii) Indigenous Capital goods 1300.00 2500.00 700.00 Total 4850.00 8000.00 igoo.oo 4 Services (Rs. In lakhs) (i) Imported Services 61634.00 78669.77 33722.40 (ii) Indigenous Services 81297.00 95000.00 No revision 5. FOB

Value of
Exports (Rs.
In Lakhs) 282017.00 258200.00 120997.56 6. *Foreign Exchange outgo

(Rs.
In Lakhs) 65184.00 54549.40 33842.40 7. Net
Foreign Exchange Earnings (Rs. In Lakhs) 216833.00 203650.60 87155.16 0. Projecticns : Sr. No. Descriptions Approved projections

for I
year

i.e. 2024-25 (Rs. in lakhs) Proposed projections

for 1
year

on addition

of location

i.e. 2024-25 (Rs. in lakhs) I FOB
Value of Exports (Rs. In Lakhs) 95750.00 120997.56 2 Foreign

Exchange

outgo (Rs. In Lakhs) 18300.00 33842.40 3 Net

Foreign

Exchange Earnings (Rs. In Lakhs) 77450.00 87155.16 D
Revispd Area and Location: 'Existinn location Pronosed Additional Post

annroval -------3

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x:'

location

-x- y

location Unit No.
201,
2nd Office Unit

No,
101,

1st Unit

No.
101,

1st 6

Level,

3rd
Floor,

Unit No. 301,
3rd office level, 4th
floor,

Unit

no. 401,4th

office level,
unit no. 501 5th
office
level, unit
no. 601, 6tli office level,

Building

No. 11, Unit No. 701,
7th
office level, building no, 9, plot no. 3 (part) (Incubation spacel

Mindspace Business parks Pvt. Ltd.- SEZ,
Thane

Belapur Road,
Airoli,

Navi Mumbai

• 4000708 Office Floor Level, 2nd Building,

Building

No 11,
Mindspace Business

parks

Pvt. Ltd.-SEZ,

Thane Belapur

Road,

Airoli, Navi Mumbai-400708 Office
floor level,
2nd Building,

Unit

No. 201,
2nd Office Level, 3rd
Floor,

Unit

No. 301,
3rd
office level, 4th
floor,

Unit

no. 401,4th

office

level, unit no. 501 5th office level, unit no. 601, 6th office

level,

Building No. 11,
Unit No. 701, 7th
office

level, building no. 9, plot no. 3 (part)

(Incubation space),

Mindspace Business

parks

Pvt. Ltd.-SEZ,

Thane Belapur Road, Airoli, Navi

Mumbai

400708 Total

Area

2,67,039' Sq. ft. Total

Area : 44,047 Sq. ft. Total area:

3,11,086 sq. ft (2,67,039 sq. ft.

• 44,047 sq. ft. ) 007081 Decision:-

After

deliberation, the Committee

approved the proposal of M/s. eClerx Services Limited for Capacity enhancement on addition of location admeasuring 44,047 sq ft.. located at Unit
No. 101, Ist office

floor

level,

2nd
building, Building

No.
11,
Mindspace Business

Parks

Pvt.
Ltd.-SEZ, Thane
Belapur

Road,
Airoli,

Navi Mumbai-400708

in
the
Existing LOA. Committee

also
directed the
DDC to examine the FE outgo in the details for
last
years as the FE outgo appeared exceptionally high as compared

with
otlier

IT/ITES units.

The
report

should

be submitted to DC within two weeks till
the
repoit

submission.

The Committee approved the FE outgo upto a limit of one year average on proportionate

basis

of
total

FE outgo
of last 5 years.

Further,

if 7

required,

the
Committee wffl visit again to amend the LOA as per the DDC's report. ' 'dl

thanks to the Chair. 8

Action taken for the UAC Meeting held on 07.08.2024 Name of SF'Z Name of Unit Subject Action Taken Mindspace-SEZ M/s. eClerx Services Limited. Application of M/s. eClerx Services Limited at Mindspace-SEZ for capacity enhancement on addition of location admeasuring 44,047 Sqft. located at Unit No. 101, 1st office floor level, 2nd building, Building No. 11, Mindspace Business Parks Pvt. Ltd.-SEZ, Thane Belapur Road, Airoli, Navi Mumbai- 400708 in the Existing LOA. Unit had submitted projection which is not as per parameter defined by the committee. Hence mail dated 24.08.2024 was send to unit to resubmit calculation. Unit was also ask to provide relevant documents to examine FE Outgo. 9

GOVT. OF INDIA, OFFICE OF THE DEVELOPMENT COMMISSIONER, MINISTRY OF COMMERCE &, INDUSTRY, SEEPZ (SPECIAL ECONOMIC ZONE) MUMBAI AAAAJIAAAJIAAAAA AGENDA NOTE FOR CONSIDERATION OF APPROV AL COMMITTEE a)
Proposal: Proposal of M/s. Accenture Solutions Pvt. Ltd. located at Mindspace Business Parks Pvt. Ltd. - SEZ Airoli,

Navi Mumbai for approval w.r.t.

change in Composition of Board of Directors of their company. b)
Specific issue on which decision of Approval Committee is required: Approval for change in Composition of Board of Directors of their company. c) Relevant provisions of SEZ Act, 2005 &i Rules, 2006/ Instruction/ Notification: Attention is invited to Instruction No. 109 of MOC8r,I dated 18th October, 2021 stipulates that - "In supersession of Instru.ction No. 89 dated 1 7. 05.201 8 and Instruction No. 90 dated 03.08.2018 of this Department on the subject cited above and in exercise of provisions
of Section 10(10) of the SEZ Act, 2005, it is hereb'g conve'ged that the guidelines for approva7 in the cases of reorganization including change of name, change of shareholding pattern,
business transfer arrangements,
court approved mergers and demergers,
change of constitution,
change of Directors,
etc. of SEZ Developers / Co- deve7opers as tnell as SEZ Units shal1 be as follows: (i) Reorganization

induding
change of shareholding pattern,
business
transfer arrangements,
court approved,
mergers and demergers,
change of coristitution, change of Directors etc. ma'g be undertaken by the Unit Approval Committee (UAC) concemed subject to the condition that the Developer / Co-Developer / Unit shall not opt out or exit out of the SEZ and continues to operate as a going concern. Ml 1iabi7ities of the DevrAoper / Co-Detieloper / Unit shall remain unchanged ori such reorganization. 10

d)
Other Information: 1. LOP NO. & Date SEZ/SERENE-THANE/ (20) /LOA-20 /20 10- 11/(38)/3706 dated 04.08.2010 (Original LOA) as a_rncnded. (C/
) 2. iItem(s) of manufacture / services iDevclopment of Computer Software &, IT Enablel IScrviccs I I I I s. Date

of
commencement

of production 06.01.2011 4. L(M Valid upto IPrcscnt location I I I 05.01.2026 5. Officc

floor
01 to 08,
Building no. 02, 10 and 12,
Mindspace Business

Parks

Pvt.
Ltd. - SEZ.
. Thane

Belapur

Road,

Airoli

Navi

Mumbai

, 400708 6. Documents submitted I I I I I I I I I I I I I I I I ' 1.
Online

appIication

for
change

in Dircctorship. 2.
A
copy

of
Boa_rd

Resolution

for appointment and resignation of Directors.

Form

DIR
12
of Appointment

of Directors

along with its challan.

Form DIR 12 of Resignation

of
Directors along with its challan. 5. CA/CS certified list of Director before a_nd after change in Director. 6.
Copy of all approvals. 7.
List of Directors before and after change. 8.
Undertaking in terms

of Instruction No. i 109-

i l_ _g, Uarnlsdlenrgtaklf ianngy, raeg:anrdSitnrgeS1 Thc Unit has stated that there is no changc in shareholding pattern due to change in BOD of the company & the resignation and appointment of directors would not be affecting the status of the unit. 11

The details of Directors of the Company is as under: ' Sr. No.
' ' Before change in the Directors I I l- After change in the Directors I I ' Name of the I I Director I ' Designation I I ' Name of the I Director I I ' Designation 1 Rajeev Chopra iDirector IDirector

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i Rajeev Chopra IJal Rumi IMaster Director l>' I rRekha Menon Director i3 I ILOl.adndkaa; Singh Director ILOl.adndkaarr Singh ' Director I I 4 IRamesh i Rama_murthy Director lEmma Jindal Director 5 Ramesh L Krishnan IDirector lAjay Vij IDirector e)
ADC's Recommendation: Proposal of M/s. Acccnturc Solutions Pvt. Ltd. located at Mindspace Business Parks Pvt.
Ltd.

SEZ
j'kiroli,

Navi
Mumbai

for
change

in Composition

of Board

of Directors

in terms

of MoC&,I

Instruction

No. 109
dated
18.10.2021

is submitted

before

the
Approval Committee for consideration. 12