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Th T' r 1t'n rr'g ir4S!l'Sr f N I' n ffi 1mq s-t,sa-z si 14-11 Id =1Thl <ia=h
i MEETING

OF
THE

APPROVAL

COMMITTEE

FOR

SECTOR

SPECIFIC SPECIAL ECONOMIC ZONE FOR IT/ITES OF M/s.
FESTUS PROPERTIES PRIVATE LIMITED. __

',

J'i
o ('s

('i

_

_C l f

: uAJ-R-1-l===hS,%u(IHI<m,l=;ll4u4,m',-n, ;mW (d), i VENUE

: Conference

Hall,

2nd
Floor,

the
Office

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

: 4, 28 , 2024 DATE

: Wednesday, 28th August, 2024 mrq

: m: 1l :30 * TIME

: 11:30 A.M.

---

---

1

बुधवार, Ǒदनांक 28 अगèत, 2024 को ͪवकास आयुÈत, सीÜज़-सेज़ कȧ अÚय¢ता मɅ मेसस[ फेèटस Ĥॉपटȹज Ĥाइवेट ͧलͧमटेड-सेज़ के आईटȣ/आईटȣईएस के ͧलए ¢ेğ ͪवͧशçट ͪवशेष आͬथ[क ¢ेğ के ͧलए अनुमोदन सͧमǓत कȧ बैठक। Meeting of the Approval Committee for Sector Specific Special Economic Zone for IT/ITES of M/s. Festus Properties Private Limited - SEZ under the Chairmanship of Development Commissioner, SEEPZ-SEZ on Wednesday, 28th August, 2024.

सूचकांक / INDEX

काय[सूची मद सं. Agenda Item No.

ͪवषय Subject पृçठ संÉया Page No. काय[सूची मद सं. 01 Agenda Item No. 01 : - Ǒदनांक 31.05.2024 को आयोिजत बैठक के काय[वृƣ कȧ पुिçट। Confirmation of minutes of the meeting held on 31.05.2024 4 to 6 काय[सूची मद सं. 02 Agenda Item No. 02 : - मेसस[ फेèटस Ĥॉपटȹज Ĥाइवेट ͧलͧमटेड (डेवलपर) कȧ अĤैल, 2024 से जून, 2024 कȧ अवͬध के ͧलए Ǔतमाहȣ Ǔनçपादन ǐरपोट[। Quarterly Performance Report of M/s. Festus Properties Pvt. Ltd., (Developer) for the period April, 2024 to June, 2024. 8 to 20 काय[सूची मद सं. 03 Agenda Item No. 03 : - यूǓनट नंबर 301, 302 और 304, तीसरȣ मंिजल, कɅ ͧसंÊटन, ए ͪवंग, फेèटस Ĥॉपटȹज Ĥाइवेट ͧलͧमटेड-एसईजेड, वन साउथ एवेÛयू, डाउनटाउन पवई, मुंबई-400076 पर िèथत अनुमानɉ मɅ संशोधन के साथ मौजूदा अनुमोदन पğ मɅ èथान जोड़ना – मेसस[ ईआरजीओ टेÈनोलॉजी एंड सͪव[सेज Ĥाइवेट ͧलͧमटेड (ईआरजीओ Addition of location in the existing Letter of Approval with revision in projections located at Unit No. 301, 302 & 304, 3rd Floor, Kensington, A Wing, Festus Properties Private Limited-SEZ, One 21 to 84 2

South Avenue, Downtown Powai, Mumbai- 400076 - M/s. ERGO Technology & Services private Limited (ERGO)
काय[सूची मद सं. 04 Agenda Item No. 04 : - यह अनुमोदन 39,572 वग[ फुट ¢ेğफल कȧ अǓतǐरÈत èथान को जोड़ने के संदभ[ मɅ है, िजससे कुल ¢ेğफल 53,698 वग[ फुट हो जाएगा। यह èथान यूǓनट 101, 102 और 103, 1st Ýलोर, ए ͪवंग, फेèटस Ĥॉपटȹज Ĥाइवेट ͧलͧमटेड-SEZ, वन साउथ एवेÛ यू, डाउनटाउन पवई, मुंबई-400076 मɅ िèथत है - मेसस[ अिÜटया Ēुप इंͫडया Ĥाइवेट ͧलͧमटेड। Approval w.r.t. addition of location of 39,572 Sq. Ft. to make total location of area admeasuring to 53,698 Sq. Ft. located at Unit 101, 102 and 103, 1st Floor, A Wing, Festus Properties Private Limited-SEZ, One South Avenue, Downtown Powai, Mumbai-400076 - M/s. Aptia Group India Private Limited
85 to 114

3

File No.SEZl-14011/1/2022-NS st Minutes of 71 Meeting of the Approval

Committee

for Sector
Specific

Special Economic Zone of M/s.
Festus Properties Pvt.
Ltd.
SEZ,
at Powai,

Mumbai, under the
Chairmanship

of Development Commissioner,

SEEPZ- SEZ
held
on 31.05.2024,

at Second
Floor SEEPZ
Service
Centre,
SEEPZ
SEZ,
Mumbai. *. tr u
2. h 3. #. 4. T? w. Te&b si4a/.ai4aiva 31.05.2024 ao+<
sq9qci: 4 Sr. No. %nl ml rll.H I Name

of Members g J i Designation m Organization 1 *
'*r';a Shri.
C.
P.
S. Chauhan ' '

, Jt.
Development Commissioner, -i SEEPZ-SEZ. 2

• iqr -y Shri.
  Harmesh Lal m'p m Joint
  Commissioner Income
  Tax wm.

, @ % "; Nominee

of
Commissioner

of Income Tax office,
Mumbai,

o'r

e

r'rr>

C*-_

rr
(% (1

_fs

3 Zl 15d1R4 '-IIX '115 Shri.
Himanshu Dhar
Pandey W TaarCh

Zl,#lQLh(:l Deputy

Director DGFT [ k, 4 ai r Nominee of the Additional

DGFT, Mumbai. ('l'l

% 4 [ p ff Smt.
Poonam Darade 3tll,-1a'<lCh

3<,11JI Deputy

Director

of Industries ",

m;ffi u
Nominee

of
DC
Industries, Government of Maharashtra. 5 q .y*a-m

q

mp,

,

m;4, 4

File No.SEZ1-14011/1/2022-NS 4 Smt.
Sunita Jagtap 5uperintendent

of Customs ' k
Nominee

of
Commissioner

of Customs,

(General),

Air
Cargo, Sahar. War

:- Special
Invitee:-

• x k "Era , f #, ' -h 4 4q'r "a , 'rr
  (;4 *),

mr , @'n ('4 $) h * ':!.w. ';, rr

'A ' =A< _ _ a %

-jL

. Shri,
R.K.
Jain : Specified

Officer, Festus
-SEZ. Shri. Hanish
Rathi,
ADC (New
SEZ), Smt,
Rekha
Nair, ADC
(New SEZ)
and Shri. G.S.Bhandari,

ADC
also attended for qdRq aulSc'l ch r m Q '71 assistance

and smooth functioning

of the meeting 01 : 29.04.2024
7!e Agenda

ltem
No.
01:
Confirmation

of 29.04.2024. 27.03.2024
fiW70

th ,,

, ,,

The Minutes
of the 70
Meeting held 4i consensus 2024 * l i b di

• gaQ'ra 2024 0f M/S. FeStuS Properties

PVt. Ltd. 2024 * mrh 2024 h

The Quarterly Performance for the k

,

• $ m submitted

by the
Developer and
verified 2TT h q x m % 4 m @
vide
letter
dated
24.05.2024

and
stated 4 ' 41
that there was no discrepancy found, 5

File No.SEZ1-14011/1/2022-NS 22(4) i ** AI
Of Rule
12(6)
and
Rule
22(4)
Of SEZ Rules,
2006. thie Chair. Digitally Signed by Shri Dnyaneshwar B. Patil Date: 05-06-2024 23:58:17 6

' 31.05.2024 * m

@;m * Tex @ <
€% Action taken for the UAC Meeting held on 31.05.2024 tr 6
l Name of SEZ m
l Name of Unit "l Subject

• <
  l Action Taken Festus-SEZ Festus-SEZ (Developer) Monitoring Performance of QPR for the period
  January, 2024
  to March,
  2024 and HPR for the period
  October,

2023 to March,

2024
of
M/s.
Festus Properties Pvt, Ltd.-SEZ (Developer) Noted 7

T 01.04.2024 * 30.06.2024 m *

• T' mk ' m m;m;,r @ %1 T ()

( #) QTFFi * w J
4% ( #) 01 " ? 0.0476419 ).0085756 02 4.168344081 ).7503022 03 4 ' QT? (% QTfl (% 04 " QTfl (% !2fl i S 4.215985')81 0.7588778 8

e! u

-u

Z m T !mTi ff ( #) 01.04.2024 to 30.06.2024 ik q'k ( tb) 3,55,65,646.00 k W m -g 15,00,00,000.00 qrmlx -A 'w J
('% 75,88,778.00

%__
% r

%1 ':
s 1 '7 '7(1
'7 A Q < Q n/'l ff 'eT'r (==t(-Ill,,rl=ll m(-la) l / , / 7, / t) , O U O.tAJ 9

GOVERNMENT OF INDIA OFFICE OF THE DEW,LOPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE, ANDHERI (EAST), MUMBAI a)
Proposal :- Quarterly Performance Report of M/s. Festus Properties Pvt. Ltd., (Developer) for the period April, 2024 to June, 2024. b) Specific Issue on which decision is required :- Quarterly Performance Report

for the period

April,

2024 to June, 2024. c)
Relevant provision of SEZ, Act, 2006 & Rules: In terms

of
Rule 12(6),

of
SEZ
Rules 2006

<'The
Developer shall maintain a proper account of the import or procurement, consumption and utilization

of goods
and
submit

quarterly

and
half-yearly

returns

to the Development

Commissioner

in Form
E for
placing

the same before

the Approval Committee". In terms of Rule 22(4), of 8EZ Rules 2006

• <'The Developer shall submit Quarterly Report on import and procurement of goods from the
  Domestic Tariff

Area,
utilization of the
same
and the
stock in hand,

in Form E to the
Development

Commissioner

and

the
Specified

Officer

and Development

Commissioner shall
place

the
same

before

the Approval Committee. d) Other Information : Festus

Properties

Pvt.
Ltd.,

(Developer),

has
been
granted

Formal Approval
No. F.2/67/2006-EPZ

Dated
19.06.2006
for
IT/ITES
at Kensington IT/ITES, Hiranandani Business Park, Powai, Mumbai-400076. The QPR
were
forwarded

to Specified

Officer

for
verification. The Specified

Officer

vide letter

dated
09.08.2024

has submitted

the detailed quarterly performance report in respect of the M / s. Festus Properties Private Limited,

SEZ i.e.
the developer of Festus-SEZ for the period of April,

2024 to June, 2024 is as under: 10

Quarterly Performance Report for the period 01.04.2024 to 30.06.2024 Sr. No. Details

of
Goods Procurement Assemble Value (in Crore) Duty Foregone (in Crore) 01 DTA Goods 0.0476419 0.0085756 02 Services 4. 168344081 0.7503022 03 Import Goods Nil Nil 04 Services Nil Nil Total 4.215985981 0.7588778 The Utilization of the Bond Value details is as under : PARTICULAR Quarterly Performance Report
i (In Rs.) 01.04.2024 to 30.06.2024 Opening Balance 3,55,65,646.00 Value of Additional BLUT executed 15,00,00,000.00 Duty/Tax Foregone 75,88,778.00 Closing Balance 17,79,76,868.00 Copy of Specified Officer's letters dated 09.08.2024 is enclosed. e) ADC Recommendation: Monitoring performance of the M/s.
Festus Properties Pvt. Ltd.
(Developer) for the period
April,

2024 to June,

2024 is submitted

before Approval Committee for consideration. Aj!A AA A A Ajk !} AA A A, A AA 11

atmi* '$) 'g:- 'ET) sr< anri*in: I q
4%

l.Th

2=+-.i'ls'i',Th

Og

" (0.m) M/s. ERGO Technology & Services Private Limited (ERGO) 2 @rc i.:>oq, 202 m, =bffl=ie.i, v 'b ',

-$,
, @-<oooza

• 78,927.00 d 'rw %) 3 rrartv i.m
  SEEPZ/NEWSEZ/FESTUS-SEZ/ET &SPL/2021-22/06786, Dated: 27.04.2022 (Original LOA) SEEPZ/NEWSEZ/FESTUS-SEZ/ET &SPL/2021-22/07876, Dated: 17.05.2022 (Corrigendum of LOA) 21

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02.01 .2023 6 w

• ttmr 01.01.2028 7

mum * fi i 301, 302 k 304, a'a, =!'i"ae.i, v 'b,

'im2,,- #,
x

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j

. - . .-. gl5.leL3,1
'ICIU, J-40U0/5 ( 57,000 d w) 8 m

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#q

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J qf"e; u. d * g'ih; y. @ k

• g'e; q. A< *aaqn 4,!)=iici a+ai

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S
e% u. d 2022-23 % 'k

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• k

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• ' 14.08.2024 *
  w

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---

(
_Th __ _h

J
_
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• m ' _ _

r's
% _ 'ffi. .flrlaR

d(-l.Hlrl
#R .ao-l.Hllglcl
((dHSll #) ah $(4 atff

#m.Hl1.dcl
al:=la J
J l h (fmm ah) 78,927.00 Sq. Ft. 1,35,927.00

Sq. Ft. W. v,, [ J m

s I ' a m S 300 100 569 306 2. 'iffqr-
k ;gqfffl ( ' *) (i) n 1286.08 5489.62 (ii)

2208.78 2208.78

' w fmr - k ml' S 3494.86 7698.40 3.

n wg& @ m* k

( m0 A) (i) c-i 4Jaici

al,Hla-l (% 2208.78 2208.78 (ii) +aavfi 4,a=iici ai.m;i (% 1286.08 5489.62 23

i J 3494.86 7698.40
i 4. (

*) (i) *iai'i?ci

A=iiO 895.05 2025.00
' I (ii) qf"r 9273.58 16794.30 5. s d $ 'k r b m

( :5W *) 44752.50 86914.09 6. *s d * 'k

f'r m
%) (

A) 3103.83 4233.78 7. s d * rh a;air fmf'r m, ( mq *) 41648.67 82680.31 _ (

---

_ _ . _ _ _ _ _ -' . _ _ _ _ _ r%

_ _ - _ _ _ _ _ :
. _ _ e'%
. _ _ %

3b-

___'

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t%f 'jtacllldd

+Qlol Qa 'ae 'j+dlldd

+Qlrl &lg € aTa W
' <,
i.:_O'l, 202, m,
i'i'ae,a"li (r $ ',

y'i'q&i

S_

___L @- i 301, 302 k 304,

, =A'i'i(H, y "', !

C

S_

_

-

@ m A

201 k 202 'am a A 49e 4<sai 301, 302 h 304, =4m=ie.i, v 'h, ' "_

. % .
r's t

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1(-lTa(!-[i, 'l(f!;, -+oooze 'n-i rW(:'r#ng, m ffll3eT 8, , p-+oooza 6 J ??,, 4 a'aB'!-T , si.i-iei.i.i q4, $,

400076

78,927.00 d '[

• 57,000 d vw %)
• 1,35,927 d w %) (78,927 d w+ 57,000 d
  24

GOVERNMENT OF INDIA, OFFICE OF THE DEVELOPMENT COMMISSIONER, MINISTRY OF COMMERCE & INDUSTRY, SEEPZ (SPECIAL ECONOMIC ZONE), MUMBAI

---

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE a)
Proposal:

Application of M/s. ERGO Technology & Services private Limited (ERGO) at Festus Properties Private Limited

• SEZ for addition of location admeasuring to 57,000 Sq. ft. in the existing Letter of Approval with revision in projections located at Unit No. 301, 302 & 304, 3rd Floor,
  Kensington,

A Wing,
Festus
Properties

Private
Limited-SEZ,

One South Avenue, Downtown Powai,
Mumbai-400076. b) Specific Issue on which decision of Approval Committee is required: Addition of location admeasuring to 57,000 Sq. ft. at Unit No. 301, 302 & 304, 3rd Floor,
Kensington,

A Wing,
Festus
Properties

Private
Limited-SEZ,

One South
Avenue, Downtown Powai,
Mumbai-400076 with revision in projections. c)
Relevant Provisions :- In terms of Rule 19(2)
of SEZ Rules, 2006
states that

"Provided

that
the Approval

Committee may also approve proposals for broad-banding, diversification, enhancement of capacity of production, change in the items of manufacture or services activity, if it meets the requirement of rule 18" d) Other Information:- I Name of the Unit M/s. ERGO Technology & Services Private Limited (ERGO) 2 Present location Unit
No.20l,

202 2nd Floor, Kensington,

A Wing

Building,

Festus

Properties

Private Limited-SEZ, Powai, Mumbai-400076. AdmeasuringArea-78,927.00

Sq.ft 3 LOA No. & Date SEEPZ/NEWSEZ/FESTUS-SEZ/ET&SPL/2021- 22/06786, Dated: 27.04.2022 (Original LOA) 25

SEEPZ/NEWSEZ/FESTUS-SEZ/ET&SPL/2021- 22/07876, Dated: 17.05.2022 (Corrigendum of LOA) 4 , Items of Manufacture/Service Service Oriented Activity: 1.
Other Business Services in the nature of call centres, insurance claim processing payroll, revenue accounting etc. 2. Information

Technology

Enabled Services

such
as Human

Resources Services. 3. Support Centres 4.
Computer Software Services

(Such as Software/Applications/Products Development,
Enhancement/ Upgradation of existing applications/ Products,

Testing,

Ready

to
go applications) 5. Content

Development,

Remote Maintenance Services 5 Date of Commencement of Production , 02.01.2023 6 LOA valid upto 01.01.2028 7 Proposed addition of area Unit No. 301, 302 & 304, 3rd Floor, Kensington, A Wing,

Festus

Properties

Private

Limited-SEZ, One
South

Avenue,

at
Downtown

Powai, Mumbai-400076. Admeasuring Area

• 57,000 Sq.ft. 8 Whether

copy

of
No
Objection Certificate/
No Dues Certificate from the Developer is submitted or not? Yes (Head of Terms) 9 Whether

the unit
has submitted

the ' revised

projection

in
respect

of additional location. Yes. ' The unit has stated that "there will be revision in projection

for
Exports,

Investment

and Employment etc", 26

10 Documents/Details submitted by Unit a) Form F3 for additional

location filed through SEZ Online system. b)
Letter of Intent signed with Developer of SEZ for proposed additional location; c) Revised foreign exchange balance sheet for next five years; d)
Copy of Letters of Approval; e) Copy of board resolution; I f)
List of Imported and Indigenous Capital Goods. g) Copy of APR for the year 2022-23
and Provisional APR for the year 2023-24 h)
Copy of Form F submitted during New Unit application. The unit has stated vide their letter dated 14.08.2023 as under: Reason for current addition within same SEZ:- a. The Unit has stated that, very few seats are vacant at their existing SEZ premises and as per projects requirement they expand their employee count so considering the growing business requirement & future business

prospect, their requirement of space will
increase to accommodate employees. Their management has decided to expand space and obtain additional location approval. They have received a signed Letter of Intent from developer. Revision in Projections: Due to increase in area of unit within same SEZ, They are submitting revised projections for Exports,
Investments

and Employment w.r.t. balance
period of 3 years
for addition

of area in existing LOA and summary of the same is as below: Existing and Revised Projections : Sr. No. Item Existing Area and Projections (un Lakhs) as per Letter of Approval for addition of location Total Revised area and Projections post proposed addition of location 1 Area (Built up area) 78,927.00 Sq. ft. 1,35,927.00 Sq. ft S. No. Item Existing Projections Revised Projections 27

1 Employment Men Women Men Women 300 100 569 306 2. Investment- Plant and Machinery (Rs. In Lakhs) (i) Indigenous 12816.08 5489.62 (ii) Imported 2208.78 2208.78 Total Investment

Plant and Machinery 3494.86 7698.40 3. Import and Indigenous requirement of material and other inputs (Rs. In Lakhs) (i) Imported Capital Goods 2208,78 2208.78 (ii) Indigenous Capital Goods 1286.08 5489.62 Total 3494.86 7698.40 4. Services (Rs. In Lakhs) (i) Imported Services 895.05 2025.00 (ii) Indigenous Services 9273.58 16794.30 5. FOB Value of Exports ' for 5 years (Rs. In Lakhs) 44752.50 86914.09 6. *Foreign Exchange outgo for 5 years (Rs. In Lakhs) 3103.83 4233.78 7. Net Foreign Exchange Earnings for 5 years (Rs. In Lakhs) 41648.67 82680.31 28

Revised Area and Location: The details of existing and revised area of operations are as under Existing Location

& Proposed Location

& Proposed Post Addition

I Admeasuring Area Admeasuring Area Location & Admeasurine

I "l Unit
No. 201 & 202, 2nd Floor, Kensington, A Wing, Festus

Properties

Private Limited-SEZ,

One
South Avenue, Downtown Powai, Powai, Mumbai-400076. Unit No. 301, 302 & 304, 3rd Floor, Kensington, A Wing, Festus

Properties

Private Limited-SEZ,

One
South Avenue,

Downtown

Powai, Powai, Mumbai-400076. Unit No. 201 & 202 of 2nd Floor and Unit No. 301, 302 & 304 of 3rd Floor,

Kensington, A Wing, Festus

Properties

Private Limited-SEZ, One South Avenue, Downtown

Powai,

Powai, Mumbai-400076. Admeasuring Area

78,927 Sq. ft Admeasuring Area

57,000 Sq.ft. Admeasuring Area

• 1,35,927 Sq.ft. (78,927 Sq. ft + 57,000 Sq.ft.) e)
  ADC Recommendation :- The application of the unit for Addition of location i.e. admeasuring area
  57,000 Sq. ft. located at Unit No. 301, 302 & 304 of 3rd Floor,

Kensington, A Wing, Festus Properties Private Limited-SEZ, One South Avenue, Downtown Powai, Powai,
Mumbai-400076., with revision in projections is submitted to Approval Committee meeting for consideration in terms of Rulel9(2) of SEZ Rules, 2006. 29

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GOVERNMENT OF INDIA, OFFICE OF THE DEVELOPMENT COMMISSIONER, MINISTRY OF COMMERCE & INDUSTRY, SEEPZ (SPECIAL ECONOMIC ZONE), MUMBAI

---

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE a) Proposal: Application of M/s. Aptia Group India Private Limited at Festus Properties Private Limited - SEZ for approval w.r.t. addition of location of 39,572 Sq. Ft. to make total location of area admeasuring to 53,698 Sq. Ft. located at Unit 101, 102 and 103, 1st Floor, A Wing, Festus Properties Private Limited-SEZ, One South Avenue, Downtown Powai,
Mumbai- 400076. b) Specific Issue on which decision of Approval Committee is required: Addition of location of 39,572 Sq. Ft. to make total location of area admeasuring to 53,698 Sq. Ft. located at Unit 101, 102 and 103, 15' Floor, A Wing, Festus Properties Private Limited-SEZ, One South Avenue, Downtown Powai, Mumbai-400076. c) Relevant Provisions :- In terms
of Rule 19(2)
of SEZ Rules, 2006 states that

• "Provided
  that the Approval Committee may also approve proposals for broad-banding, diversification, enhancement of capaciff of production, change in the items of manufacture or services activify, if it meets the requirement of rule 18" d) Other Information:- 1 Name of the Unit M/s. Aptia Group India Private Limited 2 Present location Unit 102, 1st Floor, A Wing,
  Festus Properties Private
  Limited-SEZ,

One
South
Avenue, Downtown Powai,
Mumbai-400076. (Admeasuring area 14,126 Sq. Ft.) 3 LOA No. & Date SEEPZ/NEWSEZ/FESTUS-SEZ/ AGIPL/2023- 24/14434, Dated: 01.11.2023 (Original LOA) 4 Items of Manufacture/Service Service Oriented Activity: 89

Information

Technology

Software Development, Application Development, Enhancement

in
Existing Application/Software,

Integration, Testing

and
maintenance

and development

of
new
products

and services. 2. Information

Technology

Enabled services in the nature of Support Centres S Date of Commencement of Production 01.03.2024 6 LOA valid upto 28.02.2029 7 Proposed addition of area Unit 101
and 103, 1st Floor, A Wing, at Festus Properties

Private

Limited-SEZ,

One
South Avenue,

Downtown

Powai,

Mumbai, Maharashtra-400076. (Admeasuring area 39,572 Sq. Ft.) 8 Whether

copy

of
No
Objection Certificate/
No Dues Certificate from the Developer is submitted or not? Yes (Head of Terms) 9 Whether

the unit
has submitted

the revised

projection

in
respect

of additional location. Yes. The unit has stated that "there will be revision in projection

for
Exports,

Investment

and Employment etc". 10 I I Documents/Details submitted by Unit a)
Form

F3
for additional

location filed through SEZ Online system. , b)
Letter of Intent signed with Developer of SEZ for proposed additional location; c)
Revised foreign exchange balance sheet for next five years; d)
Copy of Letters of Approval; e)
Copy of board resolution; 90

The unit has stated vide their letter dated 19.08.2024 as under: Reason for current addition within same SEZ:- The Unit has stated
that,
considering the growing business
requirement & future
business prospect, their management has decided to expand space and obtain additional location approval. They have received a signed Letter of Intent from developer, Revision in Projections: Due to increase in area of unit within same SEZ, They are submitting revised projections for Exports, Investments and Employment for addition of area, existing LOA and summary of the same is as below: Existing and Revised Projections : Sr. No. Item Existing Area and Projections ({n Lakhs) as per Original LoA Total Revised area and Projections post proposed addition of location 1 Area (Built up area) 14,126 Sq. Ft. 53,698 Sq. Ft. S. No. Item Existing Projections Revised Projections 1 Employment Men Women Men Women 105 35 550 igo 2. Investment- Plant and Machinery (Rs. In Lakhs) (i) Indigenous 62.03 500.00 (ii) Imported 351.52 550.00 Total Investment

Plant and Machinery 413.55 1050.00 3. Import and Indigenous requirement of material and other inputs (Rs. In Lakhs) (i) Imported Capital Goods 351.52 550.00 (ii) Indigenous Capital Goods 62.03 500.00 Total 413.55 1050.00 91

Serv!ces (Rs. In Lakhs) (i) Imported Setvices 300.68 1109.04 (ii) Indigenous Services 5703.43 19000.00 5. FOB Value of Exports for 5 years (Rs. In Lakhs) 26833.02 98135.11 6. *Foreign Exchange outgo for 5 years (Rs. In Lakhs) 658.20 1659.07 7. Net Foreign Exchange Earnings for 5 years (Rs. In Lakhs) 2617 4.82 96476.04 *Foreign Exchange outgo shall include the CIF value of Import of machinery, raw material, components, consumables, spares, packing, materials and amount of repatriation of dividends and profits, royalp lump sum know how fee, design and drawing fee, payment of foreign technicians, payment on training of Indian technicians abroad, commission on export, interest on external commercial borrowings, interest on deferred payment credit and any other payments. *
Revised Area and Location: The details of existing and revised area of operations are as under Existing Location

& Proposed Location

& Proposed Post Addition Admeasuring Area Admeasuring Area Location

& Admeasurine Unit 102, 1st Floor, A Wing, Festus

Properties

Private Limited-SEZ,

One
South Avenue, Downtown Powai, Mumbai-400076. Unit 101
and 103, 1st Floor, A Wing, at Festus Properties Private

Limited-SEZ,

One South

Avenue,

Downtown Powai,

Mumbai, Maharashtra-400O76. Unit 101, 102 and 103, ls' Floor, A
Wing,

at
Festus

Properties Private

Limited-SEZ,

One South Avenue,

Downtown

Powai, Mumbai, Maharashtra-400076. Admeasuring Area

14,126 Sq. ft Admeasuring Area

39,572 Sq. Ft. Admeasuring Area

• 53,698 Sq.ft. (14,126 Sq. ft + 39,572 Sq.ft.) 92

e) ADC Recommendation :- The application of the unit for Addition of location i.e. admeasuring area 39,572 Sq. ft located at Unit 101 and 103, 1st Floor, A Wing, at Festus Properties Private Limited-SEZ, One South Avenue,
Downtown

Powai,
Mumbai, Maharashtra-400076., with revision
in projections is submitted to Approval Committee meeting for consideration in terms of Rulel9(2) of SEZ Rules, 2006. 93