Agenda of the Approval Committee meeting held on 29.05.2025-AURUM-SEZ

सीÜज़ ͪवशेष आͬथ[क ¢ेğ
SEEPZ SPECIAL ECONOMIC ZONE अंधेरȣ (पूव[), मुंबई
ANDHERI (EAST), MUMBAI.

काय[सूची के ͧलए AGENDA FOR

मेसस[ ऑरम ǐरयल एèटेट डेवलपस[ ͧलͧमटेड – सेज़, नवी मुंबई के ¢ेğ ͪवशेष आͬथ[क ¢ेğ के ͧलए अनुमोदन सͧमǓत कȧ बैठक। MEETING OF THE APPROVAL COMMITTEE FOR SECTOR SPECIFIC SPECIAL ECONOMIC ZONE of M/s. AURUM REAL ESTATE DEVELOPERS LIMITED-SEZ at NAVI MUMBAI.

èथल
: सàमेलन क¢, दूसरȣ मंिजल, ͪवकास आयुÈत का काया[लय, सीÜज़-सेज़,
अंधेरȣ (पूव[), मुंबई VENUE : Conference Hall, 2nd Floor, The Office of the Development
Commissioner, SEEPZ-SEZ, Andheri (East), Mumbai.

Ǒदनांक
: गुǾवार, 29 मई, 2025 DATE
: Thursday, 29th May, 2025

समय
: पूवा[éन 11:00 बजे
TIME : 11:00 A.M.

---

गुǾवार, 29 मई, 2025 को ͪवकास आयुÈत, सीÜज़-सेज़ कȧ अÚय¢ता मɅ नवी मुंबई मɅ मेसस[ ऑरम ǐरयल एèटेट डेवलपस[ ͧलͧमटेड - सेज़ के ¢ेğ ͪवशेष ͪवशेष आͬथ[क ¢ेğ के ͧलए अनुमोदन सͧमǓत कȧ बैठक। Meeting of the Approval Committee for Sector Specific Special Economic Zone of M/s. Aurum Real Estate Developers Limited – SEZ at Navi Mumbai under the Chairmanship of Development Commissioner, SEEPZ- SEZ on Thursday, 29th May, 2025.

सूचकांक / INDEX

काय[सूची मद सं. Agenda Item No. ͪवषय Subject काय[सूची मद सं. 01 Agenda Item No. 01 : -

Confirmation of minutes of the meeting held on 17.04.2025. काय[सूची मद सं. 02 Agenda Item No. 02 : - Application of M/s. Physicians Interactive India Pvt. Ltd. for permission to setting up of Cafeteria.
काय[सूची मद सं. 03 Agenda Item No. 03 : - Monitoring of the performance of M/s. Firstrand Services Private Limited

---

िवकास आयु , सी ज़-सेज़ क अयता म िदनांक 17.04.2025 को ितीय तल, सी ज़ सेवा क , सी ज़ सेज़, मुंबई म मेसस ऑरम !रयल ए#टेट डेवलपस 'लिमटेड-सेज़ के े( िवशेष िवशेष आ+थक े( के 'लए आयो-जत अनुमोदन सिम/त क 59व0 बैठक का काय वृ4। Minutes of the 59th Meeting of the Approval Committee for Sector Specific Special Economic Zone of M/s. Aurum Real Estate Developers Limited-SEZ under the Chairmanship of Development Commissioner, SEEPZ-SEZ held on 17.04.2025, at Second Floor, SEEPZ Service Centre, SEEPZ SEZ, Mumbai.

1 सेज़ का नाम Name of the SEZ
: : मेसस ऑरम !रयल ए#टेट डेवलपस 'लिमटेड M/s. Aurum Real Estate Developers Limited 2 से6टर Sector : : आईटी/आईटीईएस IT/ITES 3 मी7टग नंबर
Meeting No. : : 59व0
59th 4 िदनांक Date : : 17.04.2025 17.04.2025

उप:#थत सद#य/Members Present: ;. Sr. No. सद#य< का नाम Name of Members पद का नाम Designation संगठन Organization 1 =ीमती िमतल एस. िहरेमठ Smt. Mital S. hiremath संयु िवकास आयु , Jt. Development Commissioner सी ज़-सेज़ SEEPZ-SEZ 2 =ी राजेश परदेशी Shri. Rajesh Pardeshi संयु आयु आयकर Joint Commissioner, Income Tax आयकर आयु काया लय, मुंबई के नािमती Nominee of Commissioner of Income Tax office, Mumbai 3 =ी िहमांशु धर पांडे Shri. Himanshu Dhar Pandey उप िनदेशक डीजीएफटी Deputy Director DGFT अ/त!र डीजीएफटी, मुंबई के नािमत Nominee of the Additional DGFT, Mumbai 4 =ीमती पूनम दराडे Smt. Poonam Darade उBोग उपिनदेशक Deputy Director of Industries डीसी इंड#टDीज, महाराED सरकार के नािमती Nominee of DC Industries, Government of Maharashtra 5 =ीमती मीरा रामकृFण Smt. Meera Ramkrishan सहायक आयु , सीमा शुHक / Asstt. Commissioner of Customs सीमा शुHक आयु , जनरल, एयर कागI, सहार के नािमती / Nominee of Commissioner of Customs, General, Air Cargo, Sahar 6 =ी जय शाह Shri Jay Shah

उप िवकास आयु Deputy Development Commissioner सी ज़-सेज़ SEEPZ –SEZ

7 =ी बालासाहेब बोराडे Shri Balasaheb Borade

िविनJदE अ/धकारी Specified Officer सी ज़-सेज़ SEEPZ –SEZ 8 =ीमती :#मथा ना:Kबयार Smt. Smitha Nambiar िविनJदE अ/धकारी Specified Officer ऑरम-सेज़ Aurum –SEZ

=ीमती िL-जट जो, िव.आ.का.स. (Nयू सेज़), =ी हनीश राठी, एडीसी (Nयू सेज़), =ी जय दीप, एडीसी (Nयू सेज़), =ी पलाश शंकर, एडीसी (Nयू सेज़) और =ी िववेक जरवाल, एडीसी (Nयू एसईजेड) बैठक म सहायता और सुचाQ संचालन के 'लए शािमल हुए।

Smt. Bridget Joe, EA to DC (New SEZ), Shri. Hanish Rathi, ADC (New SEZ), Shri Jai Deep, ADC (New SEZ), Shri. Palash Shankar, ADC (New SEZ) and Shri. Vivek Zarwal, ADC (New SEZ) also attended for assistance and smooth functioning of the meeting. काय सूची मद संRया 01 : िदनांक 24.03.2025 को आयो-जत 58व0 बैठक के काय वृ4 क पुिE। िदनांक 24.03.2025 को आयो-जत 58व0 बैठक के काय वृ4 क सव सKम/त से पुिE क गई।

Agenda Item No. 01: Confirmation of Minutes of the 58th meeting held on 24.03.2025. The Minutes of the 58th Meeting held on 24.03.2025 were confirmed with consensus. काय सूची मद संRया 02 : कंपनी के शेयरधा!रता पैटन म प!रवत न और िनदेशक मंडल म प!रवत न के साथ मेसस मोमटम मेटDोपॉ'लटन सJवसेज Tाइवेट 'लिमटेड से मेसस मोमटम सJवसेज Tाइवेट 'लिमटेड म अपनी कंपनी का नाम बदलने के 'लए अनुमोदन।

Agenda Item No. 02: Approval for Change of Name of their company from M/s. Momentum Metropolitan Services Private Limited to M/s Momentum Services Private Limited with Change in Shareholding Pattern and Change in Board of Directors of the company. एलओए संRया सी ज़/Nयूसी ज़/ऑरमसेज़/ एमएमआईबीटीएसपीएल/एलसीडी-1/03/2019- 20/05804 िदनांक: 30.03.2020. (मूल एलओए) यथा संशो/धत।

LOA No. SEEPZ/NEWSEEPZ/ AURUMSEZ/MMIBTSPL/LCD-1/ 03/2019-20/05804 Dated: 30.03.2020. (Original LOA) as amended. The details of Change in Shareholding Pattern :

Sr. No. Name of the Shareholders Shareholding Pattern before transfer of Shares No of Shares Value (Rs) Percentage 1 Momentum Metropolitan Strategic Investments (Pty) Limited. 89,99,999 8,99,99,990 100.00% 2 Mr. Yasir Ahmed (As Nominee of Momentum Strategic Investments (Pty) Limited. 1 10 0.00% Total 90,00,000 9,00,00,000 100%

The details of Change in Board of Directors : Sr. No. Existing list of Board of Directors Appointment Date New list of Board of Directors Appointment Date 1 Asokan Moonsamy Cunniah Naidu 15.03.2017 Asokan Moonsamy Cunniah Naidu 15.03.2017 2 Hermanus Anthon Swart 20.04.2018 Hermanus Anthon Swart 20.04.2018 3 Yasir Ahmed 04.06.2020 Yasir Ahmed 04.06.2020 4 Richard Llewellyn Phillips 21.07.2020 Richard Llewellyn Phillips 21.07.2020 5

Daniel Nathniel Kore 28.01.2022 िनण य:- िवचार-िवमश के बाद, सिम/त ने िनदVश संRया 109, िदनांक 18.10.2021 के अनुसार शेयरधा!रता पैटन

म प!रवत न और कंपनी के िनदेशक मंडल म प!रवत न के साथ कंपनी का नाम मेसस मोमटम मेटDोपॉ'लटन सJवसेज Tाइवेट 'लिमटेड से मेसस मोमटम सJवसेज Tाइवेट 'लिमटेड म प!रवत न के 'लए औरम-सेज़ :#थत मेसस

मोमटम मेटDोपॉ'लटन सJवसेज Tाइवेट 'लिमटेड के T#ताव को मंजूरी दे दी।

Decision:After deliberation, the Committee approved proposal of M/s. Momentum Metropolitan Services Private Limited located at AURUM-SEZ for Change of Name of company from M/s. Momentum Metropolitan Services Private Limited to M/s Momentum Services Private Limited with Change in Shareholding Pattern and Change in Board of Directors of the company in terms of Instruction No. 109, dated 18.10.2021. इसके अलावा, सिम/त ने इकाई को िनदVश संRया 109, िदनांक 18.10.2021 के अनुसार िनKन'ल'खत सुरा उपाय< का पालन करने का भी िनदVश िदया।

Further, the Committee also directed the unit to comply with the following safeguards in terms of Instruction No. 109, dated 18.10.2021. 1. प!रवYतत इकाई के 'लए अप!रवYतत -जKमेदा!रय< और दा/यZव< के साथ सेज़ ग/तिव/धय< क िनबा ध िनरंतरता।

1. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity.

2. प!रवYतत इकाई और उसके घटक< ारा सुरा मंजूरी आिद सिहत सभी लागू पा(ता मानदंड< को पूरा करना।

Fulfillment of all eligibility criteria applicable, including security clearances etc, by the altered entity and it’s constituents. 3.सभी राज#व/कंपनी मामले/सेबी आिद अ/धिनयम</िनयम< क Tयो\यता और अनुपालन, जो पूंजीगत लाभ, इ:6वटी प!रवत न, ह#तांतरण, कर देयता आिद जैसे मु]< को िविनयिमत करते ह^।

3.Applicability of and compliance with all Revenue / Company Affairs/SEBI etc, Acts/Rules which regulate issues like capital gains, equity change, transfer, taxability etc.

4. इ:6वटी म प!रवत न/िवलय, िवभाजन, समामेलन या #वािमZव म ह#तांतरण आिद से संबं/धत पूण िव4ीय िववरण तुरंत सद#य (आईटी एंड आर), सीबीडीटी, राज#व िवभाग और े(ा/धकार Tा/धकरण को T#तुत िकया जाएगा।

5. 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.

6. मूHयांकन अ/धकारी को इ:6वटी या िवलय, िवभाजन, एककरण, ह#तांतरण और #वािमZव आिद के ह#तांतरण से उZप_ लाभ/हािन क करदेयता का आकलन करने का अ/धकार होगा, जैसा भी लागू हो और आयकर अ/धिनयम, 1961 क Tासंिगक धाराओं के तहत कटौती के 'लए पा(ता होगी।

7. 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 and ownerships etc. as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 1961.

8. आवेदक को रा\य सरकार के Tासंिगक कानून< का पालन करना होगा, -जसम भूिम के पaे से संबं/धत कानून भी शािमल ह^।

9. The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. 7.आवेदक को सीबीडीटी को इकाई के पैन और े(ा/धकार िनधा रण अ/धकारी का िववरण T#तुत करना होगा।

7.The applicant shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT. 8.आवेदक को सभी अbभलेख< म नये नाम या ऐसी dयव#था से पहचाना जाएगा।

8.The applicant shall be recognized by the new name or such arrangement in all the records. काय सूची मद संRया 03 : िव4 वष 2024-25 क अव/ध के 'लए मेसस िकनई इNफोटेक एलएलपी के Tदश न क िनगरानी।

Agenda Item No. 03: Monitoring of the performance of M/s. KINAI INFOTECH LLP for the period FY 2024-25. (मूल एलओए संRया:- सी ज़/Nयूज़ेज़/सन#टDीम- ठाणे/05/2015-16/946, िदनांक 22.01.2016)

Original LOA No.:- SEEPZ/NEWSEZ/SUNSTREAM-THANE/ 05/2015-16/946, Dated 22.01.2016) इकाई ारा िव4 वष 2024-25 के 'लए वाJषक िनFपादन !रपोट T#तुत क गई। इकाई ने िव4 वष 2024-25 के दौरान संचयी आधार पर 53.07 करोड़ fपये का सकाराZमक एनएफई हा-सल िकया है।

The Annual Performance Report for the FY 2024-25 (01.04.2024 to 31.01.2025) was submitted by the unit. The unit has achieved positive NFE of Rs. 53.07/- Crore on cumulative basis during the FY 2024-25. िनण य:- िवचार-िवमश के बाद, सिम/त ने सेज़ िनयम, 2006 के िनयम 54 के अनुसार मेसस िकनाई इNफोटेक एलएलपी (ऑरम-सेज़) के Tदश न को नोट िकया।

Decision:After deliberation, the Committee noted the performance of M/s. KINAI INFOTECH LLP (Aurum-SEZ) in terms of Rule 54 of SEZ Rules, 2006. काय सूची मद संRया 04: Tसं#करण े( म आईटी टावर संRया 03/Q3 के िनमा ण क #वीकृ/त के 'लए मेसस ऑरम !रयल ए#टेट डेवलपस

'लिमटेड से अनुरोध

Agenda Item No. 04: Request from M/s. Aurum RealEstate Developers Limited for Approval of Construction of IT Tower No. 03/Q3 in the Processing Area औपचा!रक अनुमोदन संRया एवं िदनांक- एफ.1/1/2016- एसईजेड, िदनांक 11.01.2016

Formal Approval No. & Date- F.1/1/2016- SEZ, Dated 11.01.2016

िनण य:- िवचार-िवमश के बाद, सिम/त ने वाbण\य एवं उBोग मं(ालय के िदनांक 30.04.2010 के िनदVश संRया 54 के साथ पिठत िदनांक 15.03.2010 के िनदVश संRया 50 के अनुसार Tसं#करण े( म िबgHडग आईटी टॉवर संRया 03/6यू3 के िनमा ण के 'लए मेसस ऑरम !रयल ए#टेट डेवलपस 'लिमटेड (डेवलपर) के T#ताव को मंजूरी दे दी।

Decision:After deliberation, the Committee approved proposal of M/s. Aurum RealEstate Developers Limited (Developer) for Construction of Building IT Tower No. 03/Q3 in the processing area in terms of Instruction No.50, dated 15.03.2010 read with Instruction No. 54, dated 30.04.2010 of Ministry of commerce & Industry. काय सूची मद संRया 05: मेसस ऑरम !रयल ए#टेट डेवलपस 'लिमटेड (डेवलपर) का आईटी टॉवर संRया 03/6यू 3 के िनमा ण के 'लए आवhयक सामiी क सूची क खरीद के अनुमोदन हेतु अनुरोध।

Agenda Item No. 05: Request of M/s. Aurum RealEstate Developers Limited (Developer) for approval of procurement of list of material required for Construction of Building IT Tower No. 03/Q3. औपचा!रक अनुमोदन संRया एवं िदनांक- एफ.1/1/2016- एसईजेड, िदनांक 11.01.2016

Formal Approval No. & Date- F.1/1/2016- SEZ, Dated 11.01.2016 डेवलपर मेसस ऑरम !रयल ए#टेट डेवलपस 'लिमटेड ने चाट ड इंजीिनयर मेधा महादेjर (पंजीकरण संRया एएम 143780-4, िदनांक 29.05.2013) ारा िव/धवत Tमाbणत प( िदनांक 05.06.2024 और 11.03.2025 के मायम से िबgHडग आईटी टॉवर नंबर 03/6यू3 के िनमा ण के 'लए आवhयक सामiी क सूची क खरीद के अनुमोदन के 'लए अनुरोध िकया है, -जसक राbश 209,67,00,000/- fपये है।

The developer M/s. Aurum RealEstate Developers Limited has requested for the approval of procurement of list of material required for Construction of Building IT Tower No. 03/Q3 amounting to Rs. 209,67,00,000/-

vide letters dated 05.06.2024 & 11.03.2025 duly certified by Chartered Engineer Medha Mahadeshwar (Registration No. AM 143780-4, dtd. 29.05.2013 िविनJदE अ/धकारी, मेसस ऑरम !रयल ए#टेट डेवलपस

'लिमटेड-सेज़ ने िदनांक 15.04.2025 के प( के मायम से पुनः सZयापन !रपोट T#तुत क है और कहा है िक, 209,67,00,000/- fपये क सूची सZयािपत क गई है और इसे अ/धकृत संचालन के 'लए उपयु पाया गया है।

The Specified Officer, M/s. Aurum RealEstate Developers Limited-SEZ vide letter dated 15.04.2025 has submitted re- verification report and stated that, the list amounting to Rs. 209,67,00,000/- has been verified and is found to be fit for Authorized operations. िनण य:- िवचार-िवमश के बाद, सिम/त ने सेज़ िनयम, 2006 के िनयम 12(2) के अनुसार अ/धकृत संचालन के 'लए और एमओसीएंडआई िनदVश संRया 50 िदनांक 15.03.2010 के अनुसार, िबgHडग आईटी टॉवर संRया 03/6यू3 के िनमा ण के 'लए आवhयक सामिiय< क सूची क खरीद के 'लए मेसस ऑरम !रयल ए#टेट डेवलपस 'लिमटेड (डेवलपर) ारा T#तुत T#ताव को मंजूरी दे दी, -जसक राbश Q. 209,67,00,000/- है।

Decision:After deliberation, the Committee approved the proposal submitted by M/s. Aurum RealEstate Developers Limited (the Developer) for the procurement of the list of materials required for the construction of Building IT Tower No. 03/Q3, amounting to ₹209,67,00,000/-, for authorised operations in terms of Rule 12(2) of the SEZ Rules, 2006, and as per MoC&I Instruction No. 50 dated 15.03.2010. अय को धNयवाद lापन के साथ बैठक समाm हुई।

Meeting concluded with a vote of thanks to the Chair. (lानेjर भा. पाटील, आईएएस) अय-सह-िवकास आयु ,

सी ज़-सेज़ signaturerectangle-1-186

Ǒदनांक 24.03.2025 को आयोिजत यूएसी बैठक के ͧलए कȧ गई कार[वाई Action taken for the UAC Meeting held on 24.03.2025 सेज़ का नाम/ Name of SEZ इकाई का नाम/ Name of Unit ͪवषय/ Subject कȧ गई कार[वाई/ Action Taken M/s. Aurum Real Estate Developers Limited M/s. Momentum Services Private Limited Approval for Change of Name of their company from M/s. Momentum Metropolitan Services Private Limited to M/s. Momentum Services Private Limited with Change in Shareholding Pattern and Change in Board of Directors of the company. Letter dated 09.05.2025 has been issued to unit.
M/s. KINAI INFOTECH LLP Monitoring of the performance of M/s. KINAI INFOTECH LLP for the year 2024-25. Letter dated 09.05.2025 has been issued to unit. M/s. Aurum RealEstate Developers Limited (Developer) Approval for Construction of Building IT Tower No. 03/Q3 in the processing area. Letter dated 09.05.2025 has been issued to unit. M/s. Aurum RealEstate Developers Limited (Developer) Request of M/s. Aurum RealEstate Developers Limited (Developer) for approval of procurement of list of material required for Construction of Building IT Tower No. 03/Q3. Letter dated 09.05.2025 has been issued to unit.

GOVERNMENT OF INDIA, OFFICE OF THE DEVELOPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE, GOVT. OF INDIA, ANDHERI (EAST), MUMBAI

---

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

---

a. Proposal : Application of M/s. Physicians Interactive India Pvt. Ltd. for permission to setting up of Cafeteria in their SEZ Unit located at 15th Floor, Level 10, at Q Parc, Plot No. GEN-4/1, Q1 Tower, M/s. Aurum RealEstate Developers Limited, IT/ITES developed by LOMA Co-Developers 1 Pvt. Ltd.-SEZ, TTC Industrial Area, Thane Belapur Road, Ghansoli, Navi Mumbai 400 710. b. Specific Issue on which decision of AC is required: -
Approval for setting up of Cafeteria in their SEZ Unit at 15 th Floor, Level 10, at Q Parc, Plot No. GEN-4/1, Q1 Tower, M/s. Aurum RealEstate Developers Limited, IT/ITES developed by LOMA Co-Developers 1 Pvt. Ltd.-SEZ, TTC Industrial Area, Thane Belapur Road, Ghansoli, Navi Mumbai 400 710. c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- In terms of Rule 11 (5) of the SEZ Rules, 2006 which stipulates that –
“The Developer may, with the prior approval of the Approval Committee, grant on lease land or built up space, for creating facilities such as canteen, public telephone booths, first aid centres, crèche and such other facilities as may be required use of the unit” MoC&I Instruction No. 95 dated 11.06.2019, item No. 3 (a) which stipulates that – “The facilities as envisaged under the proviso to Rule 11(5) of the SEZ Rules could also be created by a unit for its exclusive use subject to obtaining a NOC from the Developer as well as necessary NOCs / clearances / approvals from the relevant statutory authorities.” d. Other Information: - 1 Name of the unit M/s. Physicians Interactive India Pvt. Ltd. 2 Present location 15th Floor, Level 10, at Q Parc, Plot No. GEN-4/1, Q1 Tower, M/s. Aurum RealEstate Developers Limited, IT/ITES developed by LOMA Co- Developers 1 Pvt. Ltd.-SEZ, TTC Industrial Area, Thane Belapur Road, Ghansoli, Navi Mumbai 400 710. 3 LOP No. & Date SEEPZ/NEW-SEZ/LCD-1/PII/07/2024-25/08311, DATED 21.06.2024 (Original LOA)

4 Item(s) of manufacture/services Service Oriented Activity Content Development Graphic information system services Human resources services Information enabled services such as Data processing Information Technology – Application Development, Enhancement in Existing Application / Software, Computer Software Services Develop and Maintain Software 5 Date of commencement of production Yet to commenced 6 LOA Valid upto 20.06.2025 7 Documents submitted by the unit for approval w.r.t. Operate Cafeteria. The applicant has submitted following documents: a. Copy of SEZ Online Application b. Copy of all letter of Approvals c. Floor layout with highlighted area d. Fire NOC with latest Form A e. NOC from the Developer; f. Undertaking 8 Other documents Copy of verification report by the Specified Officer, Aurum-SEZ

The unit vide it’s letter dated 08.04.2025 has stated as under: The cafeteria will operate without the involvement of vendors and live cooking will not be permitted within the cafeteria. The facility is exclusively designated for employees to consume food brought from their homes. To facilitate convenience, tea and coffee vending machines will be installed, accompanied by a microwave for heating home-prepared meals. They undertake that they will not be available any duty benefit available under SEZ Act and rules made there under. In this connection, they requested to grant them approval to establish Cafeteria which will be used exclusively for employees of SEZ unit.
e. Recommendation:

The application of the unit for Permission to setting up of Cafeteria in their SEZ 15 th Floor, Level 10, at Q Parc, Plot No. GEN-4/1, Q1 Tower, M/s. Aurum RealEstate Developers Limited, IT/ITES developed by LOMA Co- Developers 1 Pvt. Ltd.-SEZ, TTC Industrial Area, Thane Belapur Road, Ghansoli, Navi Mumbai 400 710. Hence, submitted to Approval Committee Meeting for consideration in terms of Rule 11 (5) of the SEZ Rules, 2006 and MoC&I Instruction No. 95 dated 11.06.2019, item no. 3(a).

---

Year Export F.E. OUTGO

Projected

Actual (As per APR) Raw Material (Goods/Services) C.G. import Other outflow Projected Actual (As per APR) Projected Actual (As per APR) Actual (As per APR) 2020-21 7.97 88.58 0.00 0.00 2.62 1.20 0.00 2021-22 53.89 85.35 0.00 0.00 0.00 0.00 2022-23 58.95 64.46 0.00 0.00 0.00 0.23 2023-24 65.00 60.86 0.00 0.00 0.00 0.16 Total 185.81 299.25 0.00 0.00 2.62 1.20 0.39 GOVERNMENT OF INDIA, OFFICE OF THE DEVELOPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE, GOVT. OF INDIA, ANDHERI (EAST), MUMBAI

---

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

---

a. Proposal : Monitoring of the performance of M/s. Firstrand Services Private Limited an IT/ITES unit located at Unit-1, Unit No.9, 17th Floor level 13 Building Q1 developed by Loma Co-Developers 1 Pvt. Ltd. in M/s. Aurum RealEstate Developers Limited-SEZ, Plot No. Gen 4/1 TTC Industrial Area., MIDC, Thane Belapur Road Vi-Ghansoli Mumbai 400 710 for 1st to 4th year i.e. 2020-21 to 2023-24 of 1 st block period (FY 2021-22 to 2024- 25). b. Specific Issue on which decision of AC is required: -
Monitoring of the performance of the unit for 1st to 4th year i.e. 2020-21 to 2023-24 of 1 st block period (FY 2021-22 to 2024-25), in terms of Rule 54 of SEZ Rules, 2006. c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- As per Rule 54 of SEZ Rules, 2006 “Performance of the Unit shall be monitored by the Approval Committee as per guidelines given in Annexure appended to these rules”. d. Other Information: - (I) APPROVED Projections Renewal of LOA (Rs. In Crore) 2020-21 2021-22 2022-23 2023-24 2024-25 Total FOB value of export 7.97 53.89 58.95 65.00 71.08 256.91 FE Outgo 1.67 0.05 0.05 1.05 0.05 2.87 NFE 6.29 53.84 58.90 63.95 71.03 254.0 (II) Performance as compared to projections for the period 2020-21 to 2024-25. (Rs. in Crore)

Year Cumulative Projections NFE Cumulative NFE Achieved As per APR (Coloumn 9) Cumulative % NFE Achieved 2020-21 6.29 88.46 1,406.36 2021-22 60.13 173.70 288.87 2022-23 119.03 237.81 199.79 2023-24 182.98 298.40 163.08 Year FOB value of export FE Outgo (Amortised Value+Other Outflow) Calculated NFE (As per Scrutiny) NFE (As per APR) Calculated Cumulativ NFE (As per Scrutiny) Cumulative NFE (As per APR) 1 2 3 Amortised Value 4 Other Outflow 5=(3+4) Total

6 (2-5=) 7 8 9 As per APR FY 2020-21 88.58 0.11 0.00 0.11 88.47 88.46 88.47 88.46 As per APR FY 2021-22 85.35 0.11 0.00 0.11 85.24 85.23 173.71 173.70 As per APR FY 2022-23 64.46 0.11 0.23 0.34 64.12 64.11 237.83 237.81 As per APR FY 2023-24 60.86 0.11 0.16 0.27 60.59 60.58 298.42 298.40 (III) Cumulative NFE achieved during the block period 2020-21 to 2023-24. (Rs. in Crore) (A) Cumulative NFE achieved as per APR

(B) NFE for scrutiny period:-(Rs. in Crore)

(IV) Whether the Unit achieved Positive NFE : Yes LOA No. & Date

1. LOA No. SEEPZ- SEZ/NEWSEZ/AURUM-FRSPL/10/2019- 20/22584, Dated: 20.11.2019

Validity of LOA 31.05.2025 Item(s) of manufacture/ Services Information Technology in the nature of Application Development and Software Development (CPC-842), Information Technology Enabled Services namely Other Business Services (CPC-865) such as Management consulting services, Quantitative Analysis and Risk Analysis support, Technical Analysis), Support Centres (CPC-865) such as System administration services, Batch Operations and Database administration services) and other Back office Operations (CPC-862) Date of commencement of production 01.06.2020 Execution of BLUT Yes
Pending CRA Objection, if any No Pending Show Cause Notice/ Eviction Order/Recovery Notice/ Recovery Order issued, if any No

Employment for the block period

As per projection Man: - 175 Woman: - 75 Total: 250

As on 31st March 2024: (As per Specified Officer reports) Man: 113 Woman: 16 Total: 129 Area allotted (in sq. ft.) 27700 Sq. Ft.

(Area Sq. Ft./No. of Employees) Area available for each employee per sq.ft. basis (area / no. of employees)

2023-24 214.72 Sq. Ft.

Investment till date (Rs. In Lakhs)

Building 2020-21 2021-22 2022-23 2023-24 599.08 604.17 681.69 681.69 Plant & Machinery 128.47 154.65 154.67 154.80 TOTAL 727.55 727.55 836.36 836.49 Quantity and value of goods exported under Rule 34 (unutilized goods) N.A. Value Addition during the monitoring period N.A. Whether all the APRs being considered now has been filed well within the time limit, or Yes 2020-21 2021-22 2022-23 2023-24

otherwise.

If no, details of the Year along with no of days delayed to be given. 29.12.2021 28.09.2022 14.09.2023 27.09.2024 *As per letter dated 29.06.2021 of MoC&I, SEZ Division, instructed that Filing of Annual Performance Reports (APR) by SEZ units extended to till 31st December, 2021.

The Specified Officer report vide letter dated 29.01.2025 has submitted reported as detailed below:
A. EXPORT:- (Rs. in Crore) Year/ Period Figures as per APR Figures as per Softex/SB/Customs Records (INR) Difference if any Reason for Difference/Remark INR as conveyed by the unit 2020-21 88.59 78.86 9.73 During the year unit have provided services to to DTA unit against payment in foreign currency amounting to Rs. 0.01 crores. 2021-22 85.35 86.40 1.05 During the year unit have provided services to DTA Unit against payment in Foreign Currency amounting to Rs. 0.01 Crore. Further, during the year, Credit Note amounting to R.s -0.05 Crore has been raised by the Unit. 2022-23 64.47 65.38 0.91 During the year Unit have provided services to DTA Unit against payment in Foreign Currency amounting to Rs. 0.01 Crore. Further during the year, Credit Note amounting to Rs. (0.32) Crore has been raised. Furthermore, during the year Unit clarified that there are 45 invoices total amounting to Rs. 6.43 Crore for which condonation has been applied. For this purpose, Show Cause notice No. SEEPZM- DCOMISC/05/2024-CUST dated 18.11.2024 and Personal Hearing was also scheduled on 16.12.2024 and 06.01.2025 was postponed for the later date. 2023-24 60.87 69.86 8.99 During the year Unit have provided services to DTA unit against payment in Foreign Currency amounting to Rs. 0.01 Crore. Further, during the year, Credit Note amounting to Rs. (1.83) Crore has been raised by the Unit.

b. Import i. Capital Goods including procurement done on IUT (from SEZ, EOU, STPI, EHTP) basis: (Rs. in Crore) Year/ Period Figures as per APR Figures as per Softex/SB/Customs Records (INR) Difference if any Reason for Difference / Remark in INR as conveyed by the unit 2020-21 1.20 1.20 0.00 NA 2021-22 0.00 0.00 0.00 NA 2022-23 0.00 0.00 0.00 NA 2023-24 0.00 0.00 0.00 NA

ii. Raw Material (Rs. in Crores) Year/ Period Figures as per APR Figures as per Softex/SB/Customs Records (INR) Difference if any Reason for Difference / Remark in INR as conveyed by the unit 2020-21 0.00 0.00 0.00 NA 2021-22 0.00 0.00 0.00 NA 2022-23 0.00 0.00 0.00 NA 2023-24 0.00 0.00 0.00 NA

C. BLUT 1. Value of BLUT Executed (Duty foregone) including for CG/Raw Material/Services)

Value of Additional BLUT executed

-Year

• BLUT amount

-Year

• BLUT amount

Total value of BLUT Executed: In Crore

F.No. SEEPZ-SEZ/NEWSEZ/AURUM- FRSPL/10/2019-20/01909, dated 28.01.2020

Rs. 11.74 Crores

Total: Rs. 11.74 Crores

Total Duty Foregone on goods & services procured Category –wise BLUT value utilized separately for imported and indigenous goods and services) This should be based on BLUT worksheet which provides for estimated value and duty foregone separately for each category of procurement.

F.Y. Goods Services (Rs. in Crores) (Imported & Indigenous) (Rs. in Crores) 2020-21 0.60 2.46 2021-22 0.00 3.20 2022-23

1.35 2023-24 0.00 0.55 Total 0.60 7.56 3 Has the Unit procured goods and or services without having sufficient balance in their BLUT? If Yes, Month & Year when the BLUT was exhausted Details of the consignments and Total value of Goods procured without having suffiecient or nil balance in BLUT No (d) Employment made as on date (as on end of block period / year up to which monitoring is being done) (March 2024) Gender As per the LOA (Form F) As on 31.03.2024 Men 175 113 Women 75 16 Total 250 129

(e) Details of pending Foreign Remittance beyond Permissible period, if any (as on 31 March, 2024) To cross-check the same and verify whether necessary permission from AD Bank / RBI has been obtained. No

(f) Whether all softex has been filed for the said period. If no, details thereof.

SO to also check whether unit has obtained Softex condonation from DC office / RBI and if approved, whether they have filed such pending Softex. All the Softex Forms till March, 2024 has been certified except for the month of June, 2021 and July, 2022. Condonation for delay in filing of Softex Form is submitted for the same by unit. (g) Whether all Softex has been certified, if so till which month has the same been certified. If not, provide details of the Softex and reasons for pendency. Yes, all softex forms are Certified upto March 2024.

(h) Whether unit has filed any request for Cancellation of Softex No (i) Whether any Services provided in DTA/SEZ/EOU/STPI etc. against payment in INR in r/o IT/ITES Unit during the period. If yes, details thereof (year wise details to be provided) No (j) SO to verify and certify whether the unit has updated the BLUT ledger Module in SEZ Online. N.A. (k) Has the unit cleared any Capital Goods procured duty free in DTA against payment of Duty or otherwise? Full details to be provided along with value of assets and duty discharged No (l) Is the unit sharing any of their infrastructures with other units or are utilizing infrastructure of another unit in the same or other SEZ. If so, details thereof, including the details of the unit with whom the sharing is being made, and the payment terms If approval for sharing of common infrastructure has been obtained from UAC / DC office, the date of UAC / Approval letter to be indicated No (m) Whether all DSPF for services procured during the said monitoring period under consideration has been filed by the unit and whether the same has been processed for approval by the SO. Yes (n) Whether unit has filed all DTA procurement w.r.t. the goods procured by them during the monitoring period for the relevant period. If no, details thereof Yes (o) Details of the request IDs pending for OOC in respect of DTA procurement on the date of submission of monitoring report Nil

(p) Has the unit set up any cafeteria / canteen / food court in unit premises?

If yes, whether permission from UAC / DC office has been issued, or otherwise office has been issued, or otherwise

Whether unit has availed any duty free goods / services for setting up such facility?

If yes, whether unit has discharged such duty / tax benefit availed? Details to be given including amount of duty / tax recovered or yet to be recovered No (q) Whether any violation of any of the provisions of law has been noticed / observed by the Specified Officer during the period under monitoring No Further, Specified Officer stated that, the above figures are based on the details furnished by the SEZ unit and data available on SEZ Online. These may be records for the purpose of monitoring of Performance of SEZ unit for the period 2020-21 to 2023-24 of M/s. Firstrand Services Private Limited-Unit 1., Aurum-SEZ -SEZ, Mumbai. e. Recommendation: The proposal of the unit based on the agenda in terms of Rule 54 of SEZ Rules, 2006 is submitted to the Approval Committee for consideration.

---