Agenda of the Approval Committee meeting held on 19.08.2025-FESTUS-SEZ

सी᭡ज़ िवशेष आᳶथक ᭃेᮢ
SEEPZ SPECIAL ECONOMIC ZONE अंधेरी (पूवᭅ), मुंबई
ANDHERI (EAST), MUMBAI.

कायᭅसूची के िलए AGENDA FOR

मेससᭅ फे᭭टस ᮧॉपटᱮज ᮧाइवेट िलिमटेड के आईटी/आईटीईएस के िलए से᭍टर िविश᳥ िवशेष आᳶथक ᭃेᮢ के िलए अनुमोदन सिमित कᳱ बैठक । MEETING OF THE APPROVAL COMMITTEE FOR SECTOR SPECIFIC SPECIAL ECONOMIC ZONE FOR IT/ITES OF M/s. FESTUS PROPERTIES PRIVATE LIMITED.

᭭थल

: स᭥मेलन कᭃ, दूसरी मंिजल, िवकास आयुᲦ का कायाᭅलय, सी᭡ज़-सेज़,
अंधेरी (पूवᭅ), मुंबई। VENUE : Conference Hall, 2nd Floor, the Office of the Development
Commissioner, SEEPZ-SEZ, Andheri (East), Mumbai.

ᳰदनांक
: मंगलवार, 19 अग᭭त, 2025 DATE
: Tuesday, 19th August, 2025

समय

: दोपहर 12:00 बजे
TIME : 12:00 PM

मंगलवार, 19 अगèत, 2025 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
Tuesday, 19th August, 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 27.06.2025. काय[सूची मद सं. 02 Agenda Item No. 02 : - Monitoring of Quarterly Performance Report for the period July to September 2024 and October to December 2024, January to March 2025 and half yearly Report for the period October 2024 to March 2025 of M/s. Festus Properties Pvt. Ltd. (Developer).

िवकास आयु , सी ज़-सेज़ क अयता म िदनांक 27.06.2025 को ितीय तल, सी ज़ सेवा क  , सी ज़-सेज़, मुंबई म मेसस फे टस "ॉपट%ज़ "ाइवेट 'लिमटेड-सेज़, पवई, मुंबई के से)टर िव+श- िवशेष आ/थक े1 के 'लए आयो3जत अनुमोदन सिम5त क 78व6 बैठक का काय वृ:। Minutes of 78th Meeting of the Approval Committee for Sect or 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 27.06.2025, at Second Floor, SEEPZ Service Centre, SEEPZ-SEZ, Mumbai.

1.
सेज़ का नाम
Name of the SEZ  
:
:
मेसस
 फे टस "ॉपट%ज "ाइवेट 'लिमटेड 
M/s. Festus Properties Private Limited 
2.
से)टर
Sector                
:
:
आईटी/आईटीईएस
IT/ITES
3.
मी<टग नंबर        
Meeting No.             
:
:
78व6
78th 
4.
िदनांक
Date                      
:
:
27.06.2025
27.06.2025
उप? थत सद य/Members Present:
 
@.
Sr.
No.
सद यA का नाम
Name of Members
पद का नाम
Designation
संगठन 
Organization
1
Bी. मयूर आर. मानकर 
Shri. Mayur R. Mankar
संयु	 िवकास आयु	,
Jt. Development
Commissioner
सी
ज़-सेज़
SEEPZ-SEZ
2
Bी. सुनील अघवाने 
Shri. Sunil Aghawane 
संयु	 आयु	 आयकर 
Joint Commissioner,
Income Tax
आयकर आयु	 काया
लय, मुंबई के नािमती 
Nominee of Commissioner of
Income Tax office, Mumbai
3
Bी  बैिकयावेलु मुथारासु
Shri. Backiyavelu
Mutharasu
उप िनदेशक डीजीएफटी 
Deputy Director DGFT
अ5तFर	 डीजीएफटी, मुंबई के नािमत 
Nominee of the Additional
DGFT, Mumbai
4
Bीमती पूनम दराडे 
Smt. Poonam Darade
उGोग उपिनदेशक 
Deputy Director of
Industries
डीसी इंड टHीज, महारा-H सरकार के नािमती 
Nominee of DC Industries,
Government of Maharashtra
5
Bीमती मीरा रामकृJणन 
Smt. Meera
Ramkrishnan
सहायक आयु	, सीमा शुLक
 Asstt. Commissioner
of Customs
सीमा शुLक आयु	, जनरल, एयर कागM, सहार
के नािमती 
Nominee of Commissioner of
Customs, General, Air Cargo,
Sahar
6
Bीमती ? मता ना?Nबयार
Smt. Smitha Nambiar
उप िवकास आयु	
Deputy Development 
Commissioner
िविनOद- अ5धकारी  
Specified Officer
सी
ज़-सेज़
SEEPZ –SEZ
फे टस–सेज़
Festus –SEZ
7
Bी जय मनोज शाह 
Shri. Jay Manoj Shah
िविनOद- अ5धकारी  
Specified Officer
सी
ज़-सेज़
SEEPZ –SEZ

बैठक म सहायता और सुचाS संचालन के
'लए Bी िववेक झरवाल, एडीसी (Uयू एसईजेड), Bी
जय दीप, एडीसी (Uयू एसईजेड), Bी सुदश
न Vशदे,
एडीसी (Uयू एसईजेड) और Bी राहुल +शवWणगोल,
एडीसी (Uयू एसईजेड) भी उप? थत थे।
 
 
     Shri. Vivek Zarwal, ADC (New SEZ), Shri.
Jai Deep, ADC (New SEZ), Shri. Soodershan
Shindde, ADC (New SEZ) and Shri Rahul
Shivannagol, ADC (New SEZ) also attended
for assistance and smooth functioning of the
meeting.
 
काय
सूची मद संYया 01 : िदनांक 29.05.2025 को
आयो3जत 77व6 बैठक के काय
वृ: क पुि-।
 
Agenda Item No. 01: Confirmation of
Minutes of the 77th meeting held on
29.05.2025.
 
िदनांक 29.05.2025 को आयो3जत 77व6 बैठक के
काय
वृ: क सव
सNम5त से पुि- क गई।
 
The Minutes of the 77th Meeting held on
29.05.2025 were confirmed with consensus.
काय
सूची मद संYया 02 : 
कंपनी के िनदेशकA म पFरवत
न के संबंध म मेसस
 टाटा
कंसLटसी सOवसेज (यूिनट-I) का " ताव।
 
Agenda Item No 02 :  
Proposal of M/s. TATA Consultancy Services
(Unit-I) w.r.t. change in the Directors of
company.
 
LOA No. SEEPZ/NEW-SEZ/HIRA-MUM/03
/LOA-04/2007-08/6479, Dated: 11.09.2007
 
LOA 
No. 
SEEPZ/NEW-SEZ/HIRA-MUM/03
/LOA-04/2007-08/6479, Dated: 11.09.2007 
 
कंपनी के िनदेशकA का िववरण िनNनानुसार है:
 
The details of Directors of the Company
are as under:
 
Sr.
No.
Before change in the Directors
After change in the Directors
Name of the
Director
Designation
Name of the Director Designation
1
Mr. Chandrasekaran Chairman
Mr. Chandrasekaran 
Chairman
2
Mr. K. Krithivasan
Chief Executive
Officer &
Managing Director
Mr. K. Krithivasan
Chief Executive
Officer & Managing
Director
3
Mr. Aarthi
Subramanian
Executive Director
– President and
Chief Operating
Officer
Mr. Aarthi Subramanian
Executive Director –
President and Chief
Operating Officer
4
Dr. Pradeep Kumar
Khosla
Director
Dr. Pradeep Kumar
Khosla
Director
5
Ms. Hanne Birgitte
Breinbjerg Sorensen Director
Ms. Hanne Birgitte
Breinbjerg Sorensen
Director
6.
Mr. Keki Minoo
Mistry
Director
Mr. Keki Minoo Mistry
Director
7.
Mr. Al-Noor Ramji
Director
Mr. Al-Noor Ramji
Director
8.
 
Mr. Sanjay V.
Bhandarkar
Director

िनण
य:- िवचार-िवमश
 के बाद, सिम5त ने मेसस
 टाटा
कंसLटसी सOवसेज (यूिनट-I) के " ताव को अनुदेश
संYया 109, िदनांक 18.10.2021 के अनुसार
कंपनी के िनदेशक मंडल म पFरवत
न के 'लए मंजूरी दे दी।
इसके अलावा, सिम5त ने इकाई को अनुदेश संYया
1 0 9 , िदनांक 
18.10.2021 के 
अनुसार
िनNन'ल'खत सुरा उपायA का अनुपालन करने का भी
िनद[श िदया।
 
Decision:- After deliberation, the Committee
approved 
the 
proposal 
of M/s. 
TATA
Consultancy Services (Unit-I) f o r change
in the Board of Directors of the company in
terms 
of 
Instruction 
No. 
109, 
dated
18.10.2021. Further, the Committee also
directed the unit to comply with the following
safeguards in terms of Instruction No.109,
dated 18.10.2021.
1 . पFरव\तत इकाई के 'लए अपFरव\तत 3जNमेदाFरयA
और दा5य]वA के साथ सेज़ ग5तिव5धयA क िनबा
ध
िनरंतरता।
 
1. Seamless continuity of the SEZactivities
with 
unaltered 
responsibilities 
and
obligations for the altered entity.
 
2. पFरव\तत इकाई और उसके घटकA ारा सुरा मंजूरी
आिद सिहत सभी पा1ता मानदंडA को पूरा करना।
 
2. Fulfillment 
of 
all 
eligibility
criteriaapplicable, 
including
securityclearances etc, by the altered
entity and it’s constituents.
3
. सभी 
राज व/कंपनी 
मामले/सेबी 
आिद
अ5धिनयमA/िनयमA क "यो^यता और अनुपालन, जो
पूंजीगत लाभ, इ?)वटी पFरवत
न, ह तांतरण, कर देयता
आिद जैसे मु_A 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?)वटी म पFरवत
न/िवलय, िवभाजन, समामेलन या
 वािम]व म ह तांतरण आिद से संबं5धत पूण
 िव:ीय
िववरण तुरंत सद य (आईटी एंड आर), सीबीडीटी,
राज व िवभाग और े1ा5धकार "ा5धकारी को " तुत
िकया जाएगा।
 
4. 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.
5 . मूLयांकन अ5धकारी को इ?)वटी या िवलय,
िवभाजन, एककरण, ह तांतरण और  वािम]व आिद के
ह तांतरण से उ]पa लाभ/हािन क करदेयता का
आकलन करने का अ5धकार होगा, जैसा भी लागू हो और
आयकर अ5धिनयम, 1961 क "ासंिगक धाराओं के
तहत कटौती के 'लए पा1ता होगी।
 
5. 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.
6. आवेदक को रा^य सरकार के "ासंिगक कानूनA का
पालन करना होगा, 3जसम भूिम के पdे से संबं5धत कानून
भी शािमल ह`।
 
6. The 
applicant 
shall 
comply 
with
relevant 
State 
Government 
laws,
including those relating to lease ofland,
as applicable.
7 . आवेदक को सीबीडीटी को पैन और इकाई के
े1ा5धकार िनधा
रण अ5धकारी का िववरण " तुत करना
होगा।
 
7. The applicant shall furnish details of
PAN and jurisdictional assessing officer
of the unit to CBDT.

8 . आवेदक को सभी अ+भलेखA म नये नाम या ऐसी
fयव था से पहचाना जाएगा।
 
8. The applicant shall be recognized by
the new name or such arrangement in
all the records.
 
काय
सूची मद संYया 03 : 
कंपनी के िनदेशकA म पFरवत
न के संबंध म मेसस
 टाटा
कंसLटसी सOवसेज (यूिनट-II) का " ताव।
 
Agenda Item No 03 :  
Proposal of M/s. TATA Consultancy Services
(Unit-II) w.r.t. change in the Directors of
company.
 
LOA 
No. 
SEZ/HIRA-MUM(13)/LOA-
13/2008-09/4200, DATED 12.06.2008
 
LOA 
No. 
SEZ/HIRA-MUM(13)/LOA-13/2008-
09/4200, DATED 12.06.2008
 
कंपनी के िनदेशकA का िववरण िनNनानुसार है:
 
The details of Directors of the Company
are as under:
 
Sr.
No.
Before change in the Directors
After change in the Directors
Name of the
Director
Designation
Name of the
Director
Designation
1
Mr.
Chandrasekaran Chairman
Mr. Chandrasekaran Chairman
2
Mr. K.
Krithivasan
Chief Executive Officer
& Managing Director
Mr. K. Krithivasan
Chief Executive Officer
& Managing Director
3
Mr. Aarthi
Subramanian
Executive Director –
President and Chief
Operating Officer
Mr. Aarthi
Subramanian
Executive Director –
President and Chief
Operating Officer
4
Dr. Pradeep
Kumar Khosla
Director
Dr. Pradeep Kumar
Khosla
Director
5
Ms. Hanne
Birgitte
Breinbjerg
Sorensen
Director
Ms. Hanne Birgitte
Breinbjerg Sorensen Director
6.
Mr. Keki Minoo
Mistry
Director
Mr. Keki Minoo
Mistry
Director
7.
Mr. Al-Noor
Ramji
Director
Mr. Al-Noor Ramji
Director
8.
 
Mr. Sanjay V.
Bhandarkar
Director
 
िनण
य:- िवचार-िवमश
 के बाद, सिम5त ने मेसस
 टाटा
कंसLटसी सOवसेज (यूिनट-II) के " ताव को अनुदेश
संYया 109, िदनांक 18.10.2021 के अनुसार
कंपनी के िनदेशक मंडल म पFरवत
न के 'लए मंजूरी दे दी।
इसके अलावा, सिम5त ने इकाई को अनुदेश संYया
1 0 9 , िदनांक 
18.10.2021 के 
अनुसार
िनNन'ल'खत सुरा उपायA का अनुपालन करने का भी
िनद[श िदया।
 
Decision:- After deliberation, the Committee
approved 
the 
proposal 
of M/s. 
TATA
Consultancy Services (Unit-II) for change
in the Board of Directors of the company in
terms 
of 
Instruction 
No. 
109, 
dated
18.10.2021. Further, the Committee also
directed the unit to comply with the following
safeguards in terms of Instruction No.109,
dated 18.10.2021.

1 . पFरव\तत इकाई के 'लए अपFरव\तत 3जNमेदाFरयA
और दा5य]वA के साथ सेज़ ग5तिव5धयA क िनबा
ध
िनरंतरता।
 
1. Seamless 
continuity 
of 
the
SEZ 
activities 
with 
unaltered
responsibilities and obligations for the
altered entity.
2. पFरव\तत इकाई और उसके घटकA ारा सुरा मंजूरी
आिद सिहत सभी पा1ता मानदंडA को पूरा करना।
 
2. Fulfillment 
of 
all 
eligibility
criteriaapplicable, 
including
security clearances etc, by the altered
entity and it’s constituents.
3
. सभी 
राज व/कंपनी 
मामले/सेबी 
आिद
अ5धिनयमA/िनयमA क "यो^यता और अनुपालन, जो
पूंजीगत लाभ, इ?)वटी पFरवत
न, ह तांतरण, कर देयता
आिद जैसे मु_A 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?)वटी म पFरवत
न/िवलय, िवभाजन, समामेलन या
 वािम]व म ह तांतरण आिद से संबं5धत पूण
 िव:ीय
िववरण तुरंत सद य (आईटी एंड आर), सीबीडीटी,
राज व िवभाग और े1ा5धकार "ा5धकारी को " तुत
िकया जाएगा।
 
4. 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.
5 . मूLयांकन अ5धकारी को इ?)वटी या िवलय,
िवभाजन, एककरण, ह तांतरण और  वािम]व आिद के
ह तांतरण से उ]पa लाभ/हािन क करदेयता का
आकलन करने का अ5धकार होगा, जैसा भी लागू हो और
आयकर अ5धिनयम, 1961 क "ासंिगक धाराओं के
तहत कटौती के 'लए पा1ता होगी।
 
5. 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.
6. आवेदक को रा^य सरकार के "ासंिगक कानूनA का
पालन करना होगा, 3जसम भूिम के पdे से संबं5धत कानून
भी शािमल ह`।
 
6. The 
applicant 
shall 
comply 
with
relevant 
State 
Government 
laws,
including those relating to lease of land,
as applicable.
7 . आवेदक को सीबीडीटी को पैन और इकाई के
े1ा5धकार िनधा
रण अ5धकारी का िववरण " तुत करना
होगा।
 
7. The applicant shall furnish details of
PAN and jurisdictional assessing officer
of the unit to CBDT.
8 . आवेदक को सभी अ+भलेखA म नये नाम या ऐसी
fयव था से पहचाना जाएगा।
 
8. The applicant shall be recognized by
the new name or such arrangement in
all the records.
 
 
 
काय
सूची मद संYया 04 : 
मेसस
 टाटा कंसLटसी सOवसेज (यूिनट-IV) का अपनी
कंपनी के िनदेशकA म पFरवत
न के संबंध म " ताव।
 
Agenda Item No 04 :  
Proposal of M/s. TATA Consultancy Services
(Unit-IV) w.r.t. change in the Directors of their
company.

LOA 
No. 
SEZ/HIRA-MUM/(15)/LOA-
15/2009-10/25/5224, 
Dated
30.07.2009
 
LOA 
No. 
SEZ/HIRA-MUM/(15)/LOA-15/2009-
10/25/5224, Dated 30.07.2009
कंपनी के िनदेशकA का िववरण िनNनानुसार है:
 
The details of Directors of the Company
are as under:
 
Sr.
No.
Before change in the Directors
After change in the Directors
Name of the
Director
Designation
Name of the
Director
Designation
1
Mr.
Chandrasekaran 
Chairman
Mr.
Chandrasekaran 
Chairman
2
Mr. K. Krithivasan
Chief Executive
Officer & Managing
Director
Mr. K. Krithivasan
Chief Executive Officer &
Managing Director
3
Mr. Aarthi
Subramanian
Executive Director –
President and Chief
Operating Officer
Mr. Aarthi
Subramanian
Executive Director –
President and Chief
Operating Officer
4
Dr. Pradeep Kumar
Khosla
Director
Dr. Pradeep Kumar
Khosla
Director
5
Ms. Hanne Birgitte
Breinbjerg
Sorensen
Director
Ms. Hanne Birgitte
Breinbjerg
Sorensen
Director
6.
Mr. Keki Minoo
Mistry
Director
Mr. Keki Minoo
Mistry
Director
7.
Mr. Al-Noor Ramji
Director
Mr. Al-Noor Ramji
Director
8.
 
Mr. Sanjay V.
Bhandarkar
Director
िनण
य:- िवचार-िवमश
 के बाद, सिम5त ने मेसस
 टाटा
कंसLटसी सOवसेज (यूिनट-IV) के " ताव को अनुदेश
संYया 109, िदनांक 18.10.2021 के अनुसार
कंपनी के िनदेशक मंडल म पFरवत
न के 'लए मंजूरी दे दी।
इसके अलावा, सिम5त ने इकाई को अनुदेश संYया
1 0 9 , िदनांक 
18.10.2021 के 
अनुसार
िनNन'ल'खत सुरा उपायA का अनुपालन करने का भी
िनद[श िदया।
 
Decision:- After deliberation, the Committee
approved 
the 
proposal 
of M/s. 
TATA
Consultancy Services (Unit-IV) for change
in the Board of Directors of the company in
terms 
of 
Instruction 
No. 
109, 
dated
18.10.2021. Further, the Committee also
directed the unit to comply with the following
safeguards in terms of Instruction No.109,
dated 18.10.2021.
 
1 . पFरव\तत इकाई के 'लए अपFरव\तत 3जNमेदाFरयA
और दा5य]वA के साथ सेज़ ग5तिव5धयA क िनबा
ध
िनरंतरता।
 
1. Seamless 
continuity 
of 
the
S
E
Z activities 
with 
unaltered
responsibilities and obligations for the
altered entity.
2. पFरव\तत इकाई और उसके घटकA ारा सुरा मंजूरी
आिद सिहत सभी पा1ता मानदंडA को पूरा करना।
 
2. Fulfillment 
of 
all 
eligibility
c r i t e r i a 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योयताऔरअनुपालन, जो
पूंजीगतलाभ, इवटीपरवतन, हतांतरण, करदेयता
आिदजैसेमुकोिविनयिमतकरतेह।
3. Applicability of and compliance with all
Revenue / Company Aairs/SEBI etc,
Acts/Rules which regulate issues like
capital gains, equity change, transfer,
taxability etc.
4. इवटीमपरवतन/िवलय, िवभाजन, समामेलनया
वािमवमहतांतरणआिदसेसंबंधतपूणिवीय
िववरणतुरंतसदय(आईटीएंडआर), सीबीडीटी,
राजविवभागऔरेाधकाराधकारीकोतुत
िकयाजाएगा।
4. Full nancial 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.
5 . मूयांकन
अधकारी
को
इवटी
या
िवलय,
िवभाजन, एककरण, हतांतरणऔरवािमवआिदके
हतांतरणसेउपलाभ/हािनककरदेयताका
आकलनकरनेकाअधकारहोगा, जैसाभीलागूहोऔर
आयकरअधिनयम, 1961 कासंिगकधाराओंके
तहतकटौतीकेलएपाताहोगी।
5. 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.
6. आवेदककोरायसरकारकेासंिगककानूनका
पालनकरनाहोगा, जसमभूिमकेपेसेसंबंधतकानून
भीशािमलह।
6. The
applicant
shall
comply
with
relevant
State
Government
laws,
including those relating to lease of land,
as applicable.
7 . आवेदककोसीबीडीटीकोपैनऔरइकाईके
ेाधकारिनधारणअधकारीकािववरणतुतकरना
होगा।
7. The applicant shall furnish details of
PAN and jurisdictional assessing officer
of the unit to CBDT.
8 . आवेदककोसभीअभलेखमनयेनामयाऐसी
यवथासेपहचानाजाएगा।
8. The applicant shall be recognized by
the new name or such arrangement in
all the records.
अयकोधयवादापनकेसाथबैठकसमाहुई।
Meeting concluded with a vote of thanks to
the Chair.
(ानेर
ानेरभा.
भा. पाटील
पाटील, आईएएस
आईएएस)
अय
अय-सह
सह-िवकास
िवकासआयु
आयु,
सीज़
सीज़-सेज़
सेज़
signaturerectangle-1-186
Digitally signed by Dnyaneshwar Bhalchandra
Patil
Date: 2025.07.04 13:46:52 IST
% DSUnknown
q
1 G
1 g
0.1 0 0 0.1 9 0 cm
0 J 0 j 4 M []0 d
1 i
0 g
313 292 m
313 404 325 453 432 529 c
478 561 504 597 504 645 c
504 736 440 760 391 760 c
286 760 271 681 265 626 c
265 625 l
100 625 l
100 828 253 898 381 898 c
451 898 679 878 679 650 c
679 555 628 499 538 435 c
488 399 467 376 467 292 c
313 292 l
h
308 214 170 -164 re
f
0.44 G
1.2 w
1 1 0.4 rg
287 318 m
287 430 299 479 406 555 c
451 587 478 623 478 671 c
478 762 414 786 365 786 c
260 786 245 707 239 652 c
239 651 l
74 651 l
74 854 227 924 355 924 c
425 924 653 904 653 676 c
653 581 602 525 512 461 c
462 425 441 402 441 318 c
287 318 l
h
282 240 170 -164 re
B
Q

Ǒदनांक 27.06.2025 को आयोिजत यूएसी बैठक के ͧलए कȧ गई कार[वाई 
Action taken for the UAC Meeting held on 27.06.2025 
सेज़ का नाम/
Name of SEZ
इकाई का नाम/
Name of Unit
ͪवषय/
Subject
कȧ गई कार[वाई/
Action Taken
Festus-SEZ 
M/s. TATA 
Consultancy 
Services (Unit-I) 
Proposal of M/s. TATA 
Consultancy Services (Unit-I) 
w.r.t. change in the Directors 
of company. 
Letter dated 
19.07.2025 has 
been issued to 
unit. 
M/s. TATA 
Consultancy 
Services (Unit-
II) 
Proposal of M/s. TATA 
Consultancy Services (Unit-II) 
w.r.t. change in the Directors 
of company. 
Letter dated 
21.07.2025 has 
been issued to 
unit. 
M/s. TATA 
Consultancy 
Services 
(Unit-IV) 
Proposal of M/s. TATA 
Consultancy Services (Unit-IV) 
w.r.t. change in the Directors 
of their company. 
Letter dated 
21.07.2025 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 : 
Monitoring of Quarterly Performance Report for the period July to September 2024 and October to December  2024, January
to March 2025 and half yearly performance report for the period of October 2024 to March 2025 of M/s. Festus Properties
Pvt. Ltd. (Developer).
b. Specific Issue on which decision of AC is required: -  
Monitoring of Quarterly Performance Report for the period July to September 2024 and October to December  2024, January
to March 2025 and half yearly performance Report for the period October 2024 to March 2025 of M/s. Festus Properties
Pvt. Ltd. (Developer).
c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/    
    Notification :- 
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 SEZ 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 and HPR were forwarded to Specified Officer for verification. The Specified Officer vide letter dated 11.06.2025
has submitted the detailed Quarterly Performance Report for the period July to September 2024 and October to December
2024, January to March 2025 and half yearly Report for the period October 2024 to March 2025 in respect of the M/s.
Festus Properties Private Limited, SEZ.
The detailed report in respect of the Developer is as under :
1
Quarterly Performance Report July-2024 to September-2024  
 
Goods & Services
Assemble Value
Duty Foregone
DTA
 
Assemble Value
(in Crore)
Duty Foregone
(in Crore)
Goods
0.05
0.00
 
Services
4.90
0.89
 
Total
4.95
0.89

Assemble Value
(in Crore)
Duty Foregone
(in Crore)
Import
Goods
Nil
Nil
Services
Nil
Nil
 
Total
Nil
Nil
 
 
The Utilization of the Bond Value details is as under :
PARTICULAR
Quarterly Performance Report
(In Rs.)
July-2024 to September-2024
Opening Balance
1779,76,868.00
Value of Additional Bond Value
0.00
Duty/Tax Foregone
89,11,044.00
Closing Balance
16,90,65,824.00
 
2
Quarterly Performance Report October-2024 to December-2024  
 
Goods & Services
Assemble Value
Duty Foregone
DTA
 
Assemble Value
(in Crore)
Duty Foregone
(in Crore)
Goods
0.00
0.00
 
Services
0.61
0.11
 
Total
0.61
0.11
 
 
 
Assemble Value
(in Crore)
Duty Foregone
(in Crore)
Import
Goods
Nil
Nil
Services
Nil
Nil
 
Total
Nil
Nil
 
The Utilization of the Bond Value details is as under :
PARTICULAR
Quarterly Performance Report
(In Rs.)
October-2024 to December-2024  
Opening Balance
16,90,65,824.00
Value of Additional Bond Value
0.00
Duty/Tax Foregone
11,13,578.00
Closing Balance
16,79,52,246.00
 
3
Quarterly Performance Report January-2025 to March-2025  
 
Goods & Services
Assemble Value
Duty Foregone

DTA
 
Assemble Value
(in Crore)
Duty Foregone
(in Crore)
Goods
0.22
0.00
 
Services
10.49
1.92
 
Total
10.71
1.92
 
 
 
Assemble Value
(in Crore)
Duty Foregone
(in Crore)
Import
Goods
Nil
Nil
Services
Nil
Nil
 
Total
Nil
Nil
 
The Utilization of the Bond Value details is as under :
PARTICULAR
Quarterly Performance Report
(In Rs.)
January-2025 to March-2025 
Opening Balance
16,79,52,246.00
Value of Additional Bond Value
0.00
Duty/Tax Foregone
1,92,79,725.00
Closing Balance
14,86,72,521.00
 
4
Half Yearly Performance Report October-2024 to March-2025  
 
Goods & Services
Assemble Value
Duty Foregone
DTA
 
Assemble Value
(in Crore)
Duty Foregone
(in Crore)
Goods
0.22
0.00
 
Services
11.10
2.03
 
Total
11.32
2.03
 
 
 
Assemble Value
(in Crore)
Duty Foregone
(in Crore)
Import
Goods
Nil
Nil
Services
Nil
Nil
 
Total
Nil
Nil
 
The Utilization of the Bond Value details is as under :
PARTICULAR
Quarterly Performance Report
(In Rs.)
October-2024 to March-2025  
Opening Balance
16,90,65,824.00

Value of Additional Bond Value
0.00
Duty/Tax Foregone
2,03,93,303.00
Closing Balance
14,86,72,521.00
 
A copy of the Specified Officer’s letters dated  11.06.2025 is enclosed. The Specified Officer has also stated that, the
developer has submitted the details of GSTR 2A (GSTR- 2B) vide letters dated 02.05.2025 & 11.06.2025 for the period
from 01.07.2024 to 30.09.2024 and 01.10.2024 to 31.12.2024 and 01.01.2025 to 31.03.2025 for reconciliation of the values
of procured goods and services from DTA with QPR. There were differences noticed in the QPR and GSTR 2A figures for
the above mentioned period. In this regard, the Developer has stated that as the date of filing of GSTR 1 and date of supplier
duty payment falls in the next month of the supply month, hence there is always a possibility of mismatch. So it is not
possible to reconcile the data in GSTR 2A (GSTR-2B) and that is SEZ online system for a particular QPR period on a real
time basis.
The reason for discrepancy in values of DSPF between trade data of NSDL and QPR is that the same has already been
debited from the BLUT when the invoices were generated in earlier month as well as the same is reflected in earlier E-Form
but approved in NSDL for said period.
e. Recommendation: 
Monitoring of Quarterly Performance Report for the period July to September 2024 and October to December 2024, January
to March 2025 and half yearly performance Report for the period October 2024 to March 2025 of M/s. Festus Properties
Pvt. Ltd. (Developer) is submitted before the Approval Committee for consideration.
*************************************************