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Agenda of Approval Committee meeting to be held on 22.01.2026 -Arshiya SEZ

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सी᭡ज़ िवशेष आᳶथᭅक ᭃेᮢ SEEPZ SPECIAL ECONOMIC ZONE

अंधेरी (पूवᭅ), मुंबई ANDHERI (EAST), MUMBAI

कायᭅसूची के िलए AGENDA FOR

ᮕाम साई, तालुका पनवेल, िजला रायगढ़ मᱶ मेससᭅ अᳶशᭅया िलिमटेड के ᭃेᮢ िवशेष आᳶथᭅक ᭃेᮢ FTWZ के िलए अनुमोदन सिमित कᳱ बैठक। MEETING OF THE APPROVAL COMMITTEE FOR SECTOR SPECIFIC SPECIAL ECONOMIC ZONE FTWZ OF M/s. ARSHIYA LIMITED AT VILLAGE SAI, TALUKA PANVEL, DISTRICT RAIGAD. ᭭थल : स᭥मेलन हॉल, ि᳇तीय तल, िवकास आयुᲦ कायाᭅलय, सी᭡ज़-एसईजेड,
अंधेरी (पूवᭅ), मुंबई। VENUE : Conference Hall, 2nd Floor, The Office of the Development
Commissioner, SEEPZ-SEZ, Andheri (East), Mumbai

ᳰदनांक
: गुᱧवार, 22 जनवरी, 2026 DATE : Thursday, 22nd January, 2026

समय
: 11:30 बजे TIME
: 11:30 AM

गुᱧवार, 22 जनवरी, 2026 को िवकास आयुᲦ, सी᭡ज़-सेज़ कᳱ अ᭟यᭃता मᱶ साई गांव, तालुका पनवेल, िजला रायगढ़ मᱶ मेससᭅ अᳶशᭅया िलिमटेड के एफटीड᭣᭨यूजेड के िलए ᭃेᮢ िवशेष आᳶथᭅक ᭃेᮢ के िलए अनुमोदन सिमित कᳱ बैठक। Meeting of the Approval Committee for Sector Specific Special Economic Zone for FTWZ of M/s. Arshiya Limited at Sai Village, Taluka Panvel, District Raigad under the Chairmanship of Development Commissioner, SEEPZ-SEZ on Thursday, 22nd January, 2026.
INDEX

Agenda Item No.

Subject Agenda Item No. 01 : - Confirmation of minutes of the meeting held on 25.11.2025. Agenda Item No. 02 : - Approval w.r.t. Change in Shareholding Pattern and Change in Board of Directors of the company - M/s.

No. 01 : - Confirmation of minutes of the meeting held on 25.11.2025. Agenda Item No. 02 : - Approval w.r.t. Change in Shareholding Pattern and Change in Board of Directors of the company - M/s. Infinity Global Supply Chain Limited Agenda Item No. 03 : - Approval w.r.t. Change in List of Directors, Shareholding pattern & corporate Identification Number (CIN) - M/s. Monika Alcobev Limited Agenda Item No. 04 : - The proposal for setting up of a new unit in M/s. Arshiya Limited (Under NCLT) - M/s. Swiftlog Shipping Services Private Limited Agenda Item No. 05 : - The proposal for setting up of a new unit in M/s. Ascendas Panvel FTWZ Private Limited (Co-Developer) at Arshiya-SEZ - M/s. Hub Sports Equipments Private Limited Agenda Item No. 06: - Approval w.r.t. Addition Broad Banding of Authorized operations for SEZ Unit to include additional services into their existing Letter of Approval with revision in projections - M/s. Ascendas Panvel FTWZ Private Limited Agenda Item No. 07 : - Approval for movement of shipment from Arshiya SEZ to NTT India Private Limited (FTWZ), Chennai, for onward transfer to M/s Optum Global Solutions (India) Pvt. Ltd. (SEZ), Gurugram - M/s Accex Supply Chain Private Limited Agenda Item No. 08 : - Approval for FTWZ-to-SEZ/FTWZ-to-FTWZ movement of alcoholic beverages from M/s. Monika Alcobev Limited, Arshiya FTWZ to M/s Awat Logistics Pvt. Ltd., Khurja FTWZ and to M/s Sarveshwar, a Unit located in JNPA SEZ - M/s. Monika Alcobev Limited Agenda Item No. 09 : - Monitoring of the performance for the period from F.Y.

Awat Logistics Pvt. Ltd., Khurja FTWZ and to M/s Sarveshwar, a Unit located in JNPA SEZ - M/s. Monika Alcobev Limited Agenda Item No. 09 : - Monitoring of the performance for the period from F.Y. 2023-24 to F.Y. 2024-25 - M/s. Om International Agenda Item No. 10 : - Monitoring of the performance for the period from F.Y. 2021-22 to F.Y. 2024-25 - M/s. Shantilal C Mehta Shanparts Private Limited Agenda Item No. 11 : - Monitoring of the performance for the period from F.Y. 2017-18 to F.Y. 2021-22 (Monitoring block of five-years) and F.Y. 2022- 23 to 2024-25 (Extended APR period) - M/s. S D Fine Chem Limited Agenda Item No. 12 : - Monitoring of the performance for the 5 th year i.e. F.Y. 2020-21 of 1st Block (2016-17 to 2020-21) & 2021 -22 to 2024-25 of 2nd Block (2021 -22 to 2025-26) located at Arshiya-FTWZ - M/s. Monika Alcobev Limited

िवकास आयु , सी ज़-सेज़ क अयता म 25.11.2025 को दूसरी मंजल, डीपी वड , !हावा शेवा िबजनेस पा&स 'ाइवेट *लिमटेड, जेएनपीए एसईजेड, उरण, रायगढ़ म आयोजत मेसस अ1शया *लिमटेड-एसईजेड के बहुे2ीय िवशेष आ1थक े2 के *लए अनुमोदन सिम5त क 169व6 बैठक का काय वृ:। Minutes of 169th Meeting of the Approval Committee for Multi Sector Special Economic Zone of M/s.

त मेसस अ1शया *लिमटेड-एसईजेड के बहुे2ीय िवशेष आ1थक े2 के *लए अनुमोदन सिम5त क 169व6 बैठक का काय वृ:। Minutes of 169th Meeting of the Approval Committee for Multi Sector Special Economic Zone of M/s. Arshiya Limited- SEZ, under the Chairmanship of Development Commissioner, SEEPZ-SEZ held on 25.11.2025, at Second Floor, DP World, Nhava Sheva Business Parks Private Limited, JNPA SEZ, Uran, Raigad.

Name of the SEZ : M/s. Arshiya Limited- SEZ 2. Meeting No. : 169th 3. Date : 25.11.2025 उप<=थत सद=य / Members Present:

. Sr. No. सद=य? का नाम Name of Members पद का नाम Designation संगठन Organization

1 @ी. मयूर आर. मानकर Shri. Mayur R. Mankar संयु िवकास आयु , Jt. Development Commissioner सी ज़-सेज़ SEEPZ-SEZ

2 @ी. 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 @ी बैिकयावेलु मुथारासु Shri. Backiyavelu Mutharasu उप िनदेशक डीजीएफटी Deputy Director DGFT अ5तDर डीजीएफटी, मुंबई के नािमत Nominee of the Additional DGFT, Mumbai

4 @ी बीरE Fसह Shri Birender Singh उप आयु , सीमा शुक / Deputy Commissioner of Customs सीमा शुक आयु , जनरल, एयर कागG, सहार के नािमती / Nominee of Commissioner of Customs, General, Air Cargo, Sahar

5 @ीमती पूनम दराडे Smt.

er Singh उप आयु , सीमा शुक / Deputy Commissioner of Customs सीमा शुक आयु , जनरल, एयर कागG, सहार के नािमती / Nominee of Commissioner of Customs, General, Air Cargo, Sahar

5 @ीमती पूनम दराडे Smt. Poonam Darade उHोग उपिनदेशक Deputy Director of Industries डीसी इंड=टIीज, महाराJI सरकार के नािमती Nominee of DC Industries, Government of Maharashtra

6 @ी बालासाहेब बोराडे Shri. Balasaheb Borade उप िवकास आयु Deputy Development Commissioner िविनKदJ अ5धकारी Specified Officer सी ज़-सेज़ SEEPZ –SEZ माइंड=पेस–सेज़ MINDSPACE –SEZ

7 @ी जय मनोज शाह Shri. Jay Manoj Shah िविनKदJ अ5धकारी Specified Officer सी ज़-सेज़ SEEPZ –SEZ

          बैठक म सहायता और सुचाO कामकाज के

*लए @ी जय दीप, एडीसी (!यू एसईजेड), @ी राहुल PशवQणगोल, एडीसी (!यू एसईजेड), @ी सुदश न Rशदे, एडीसी (!यू एसईजेड) और @ी पलाश शंकर, एडीसी (!यू एसईजेड) भी शािमल हुए।

   Shri Jai Deep, ADC (New SEZ),  Shri Rahul

Shivannagol ADC (New SEZ), Shri Soodershan Shindde, ADC (New SEZ) and Shri Palash Shankar (New SEZ) also attended for assistance and smooth functioning of the meeting.

काय सूची मद संTया 01: - िदनांक 30.10.2025 को आयोजत 168व6 बैठक के काय वृ: क पुिJ।

Agenda Item No. 01: - Confirmation of Minutes of the 168th Meeting held on 30.10.2025.

tioning of the meeting.

काय सूची मद संTया 01: - िदनांक 30.10.2025 को आयोजत 168व6 बैठक के काय वृ: क पुिJ।

Agenda Item No. 01: - Confirmation of Minutes of the 168th Meeting held on 30.10.2025.

िदनांक 30.10.2025 को आयोजत 168व6 बैठक के काय वृ: क सव सUम5त से पुिJ क गई।

    The Minutes of the 168th Meeting held on

30.10.2025 were confirmed with consensus.

काय सूची मद संTया 02: - मेसस ऑनसने&स वचस 'ाइवेट *लिमटेड के 'दश न क िनगरानी

Agenda Item No. 02: - Monitoring of performance of M /s. Onnsynex Ventures Pvt. Ltd. एसईईपीजेड/!यूएसईजेड/अ1शया-रायगढ़/183/ 2020- 21/09610 िदनांक 20.08.2020 (मूल एलओए)

SEEPZ/NEWSEZ/ARSHIYA- RAIGAD/183/2020-21/09610 Dated 20.08.2020 (Original LOA) वष 2020-21 से 2024-25 के *लए वाKषक िनXपादन Dरपोट इकाई Yारा '=तुत क गई। इकाई ने िव: वष 2020-21 से 2024-25 के *लए संचयी आधार पर 19.69/- करोड़ [पये क सकारा\मक शु] िवदेशी मुEा अ^जत क है।

The Annual Performance Report for the years 2020-21 to 2024-25 was submitted by the unit. The unit has achieved positive NFE of Rs. 19.69/- Crores on cumulative basis for the FYs 2020-21 to 2024-25.

िनण य: - िवचार-िवमश के बाद, किमटी ने SEZ Oस, 2006 के Oल 54 के अनुसार अ1शया SEZ म मौजूद मेसस ओ<!सने&स वचस 'ाइवेट *लिमटेड के परफॉमaस पर यान िदया। अ1शया FTWZ के =पेसफाइड ऑिफसर के ऑिफस Yारा जमा क गई APR वेDरिफकेशन Dरपोट के अनुसार, यूिनट ने FYs 2020- 21 से 2024-25 के *लए कुल िमलाकर Rs. 19.69/- करोड़ का पॉजिटव NFE हासल िकया है ।

Decision: - After deliberation, the Committee noted the performance of the M /s. Onnsynex Ventures Pvt. Ltd.

Ys 2020- 21 से 2024-25 के *लए कुल िमलाकर Rs. 19.69/- करोड़ का पॉजिटव NFE हासल िकया है ।

Decision: - After deliberation, the Committee noted the performance of the M /s. Onnsynex Ventures Pvt. Ltd. located at Arshiya SEZ in terms of Rule 54 of SEZ Rules, 2006. As per the APR verification report submitted by the Office of Specified Officer, Arshiya FTWZ, the unit has achieved positive NFE of Rs. 19.69/- Crores on cumulative basis for the FYs 2020- 21 to 2024-25.

बैठक अय को ध!यवाद '=ताव के साथ संपb हुई।

Meeting concluded with a vote of thanks to the Chair.

signaturerectangle-1-186 Shri. Dnyaneshwar B Patil Development Commissioner SEEPZ- SEZ Digitally signed by Dnyaneshwar Bhalchandra Patil Date: 2025.12.02 17:41:12 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

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Action Taken for Approval Committee held on 25-11-2025 Agenda Item No. Subject Remarks Agenda Item No. 01 Confirmation of the Minutes of the 168th Meeting held on 30-10-2025 Agenda Item No. 02 Application for Monitoring of Performance(M/s. Onnsynex Ventures Private Limited) The Monitoring Performance was Noted.

GOVERNMENT OF INDIA, OFFICE OF THE DEVELOPMENT COMMISSIONER, SEEPZ SPECIAL ECONOMIC ZONE, GOVT. OF INDIA,

AGENDA NOTE FOR CONSIDERATION OF APPROVAL COMMITTEE

a. Proposal : Proposal of M/s . Infinity Global Supply Chain Limited located at Arshiya SEZ for approval w.r.t. Change in Shareholding Pattern and Change in Board of Directors of the company. b. Specific Issue on which decision of AC is required: -
Approval for change in List of Directors & Shareholding pattern of M/s. Infinity Global Supply Chain Limited located at Arshiya SEZ. c. Relevant provisions of SEZ Act, 2005 & Rules, 2006/Instruction/
Notification :- Attention is invited to Instruction No. 109 of MOC&I dated 18 th October, 2021 stipulates that - “In supersession of Instruction No. 89 dated 17.05.2018 and Instruction No.

/
Notification :- Attention is invited to Instruction No. 109 of MOC&I dated 18 th October, 2021 stipulates that - “In supersession of Instruction No. 89 dated 17.05.2018 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 hereby conveyed that the guidelines for approval 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-developers as well as SEZ Units shall be as follows: (i) Reorganization including change of shareholding pattern, business transfer arrangements, court approved, mergers and demergers, change of constitution, change of Directors etc. may be undertaken by the Unit Approval Committee (UAC) concerned 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. All liabilities of the Developer / Co-Developer / Unit shall remain unchanged on such reorganization. d. Other Information: - 1. LOP No. & Date SEEPZ/NEWSEZ/ARSHIYA-RAIGAD/132/2016- 17/38312 Dated: 27.12.2016. (Original LOA)

SEEPZ/NEWSEZ/ARSHIYA-RAIGAD/132/2016- 17/01950 Dated: 02.02.2023. (Renewal of LOA). 2. Item(s) of manufacture/services Trading & Service Activities. 3. Date of commencement of production 18.12.2017 4. LOA Valid upto 17.12.2027. 5. Present location Warehouse No.

  1. (Renewal of LOA).

Item(s) of manufacture/services Trading & Service Activities. 3. Date of commencement of production 18.12.2017 4. LOA Valid upto 17.12.2027. 5. Present location Warehouse No. 9, at Post Sai Village, Taluka- Panvel, District- Raigad, Maharashtra, 410221.

The Unit vide their letter dated 09.12.2025 has stated as under –

The details of Shareholding Pattern and Board of Directors of the Company as under - A. The details of Change in Shareholding Pattern :

Sr. No. Pre list of Board of Directors Designation DIN 1. Mr. Kunal Bhimji Patel Whole-time Director 07231098 2. Mr. Bhimji Nanji Patel Whole-time Director 08831916 3. Mrs. Dhara Kunal Patel Director 03039030 4. Mr. Harshit B. Patel Director 08845850 Sr. No. List of Board of Directors Designation DIN Date of Appointment/ Cessation Date 1. Dhara Kunal Patel Director 08055376 Cessation 31.10.2024 2. Harshit B. Patel Director 08845850 Cessation 18.08.2022 3. Kunal Bhimji Patel Director 03039030 Cessation 31.10.2024 4. Bhimji Nanji Patel Director 00253030 Cessation 31.10.2024 5. Hemang Bhachu Chandat Director 07231098 Appointment 30.10.2024 6. Bhachu Natha Chandat Director 08831916 Appointment 30.10.2024 7. Jinal Ajay Kanabi Director 08832143 Appointment 30.10.2024 Sr. No. List of Board of Directors Designation DIN Date of Appointment/ Cessation Date 1. Hemang Bhachu Chandat Director 07231098 Cessation 07.06.2025 2. Bhachu Natha Chandat Director 08831916 Cessation 07.06.2025 3. Kunal Bhimji Patel Director 03039030 Appointment 05.06.2025 4. Bhimji Nanji Patel Director 00253030 Appointment 05.06.2025

07.06.2025 2. Bhachu Natha Chandat Director 08831916 Cessation 07.06.2025 3. Kunal Bhimji Patel Director 03039030 Appointment 05.06.2025 4. Bhimji Nanji Patel Director 00253030 Appointment 05.06.2025 Sr. No. Name of the Shareholders No of Shares Percentage 1. Mr. Kunal Bhimji Patel 34,40,000 98.29% 2. Mr. Bhimji Nanji Patel 10,000 0.29% 3. Mrs. Dhara Kunal Patel 10,000 0.29% 4. Ms. Rinkal Sidhiya 10,000 0.29% 5. Mr. Reetik Sidhiya 10,000 0.29% 6. Mr. Harshit B. Patel 10,000 0.29% 7. Ms. Jinal Bhachu Chandat 10,000 0.29% Total 35,00,000 100%

** There is no change in list of shareholding pattern .

B. The details of Change in Board of Directors :

i. Pre-List of Directors :

Appointment of New Directors and cessation of old directors (Earlier not Intimated) The unit has stated that, as per internal requirement, their management had reconstituted the Board of the Company. However, the intimation under MoC&I Instruction No. 109 dated 18.10.2021 could not be submitted to the DC office.

Recent Change in Board Composition –

tituted the Board of the Company. However, the intimation under MoC&I Instruction No. 109 dated 18.10.2021 could not be submitted to the DC office.

Recent Change in Board Composition –

Sr. No. List of Board of Directors Designation DIN 1. Bhimji Nanji Patel Director 00253030 2. Kunal Bhimji Patel Director 03039030 3. Jinal Ajay Kanabi Director 08832143

ii. Post-List of Directors :

C. Apology for Delay in Intimation & Assurance of Future Compliance – The Unit has stated that – a. The changes in the composition of the Board of Directors of the company, which occurred during the intervening period, could not be intimated to this office in accordance with MoC&I Instruction No. 109 dated 18.10.2021. b. The lapse was purely inadvertent and unintentional, and they request taking the same on record. c. They have assured that all statutory changes and compliances related to their unit shall be duly informed to this office within prescribed timelines. a. Documents submitted: -

  1. Board Resolution for appointment of Mr. Hemang Bhachu Chandat, Mr. Bhachu Natha Chandat, Mrs. Jinal Ajay Kanabi.
  2. Board Resolution for cessation of Mr. Kumal Bhimji Patel. Mr. Bhimji Nanji Patel, Mrs. Dhara Kunal Patel. Mr. Harshit Patel.
  3. Board Resolution for appointment of Mr. Kunal Bhimji Patel, Mr. Bhimji Nanji Patel.
  4. Board Resolution for cessation of Hemang Bhachu Chandat, Mr. Bhachu Natha Chandat
  5. DIR-12 forms for appointment of Directors
  6. DIR-12 forms for cessation of Directors
  7. KYC documents of Mr. Hemang Bhachu Chandat, Mr. Bhachu Natha Chandat, Mrs.

Chandat, Mr. Bhachu Natha Chandat 5. DIR-12 forms for appointment of Directors 6. DIR-12 forms for cessation of Directors 7. KYC documents of Mr. Hemang Bhachu Chandat, Mr. Bhachu Natha Chandat, Mrs. Jinal Ajay Kanabi. 8. Undertaking for non-involvement in criminal/other legal matters 9. CA-certified list of present list of Directors & Shareholding Pattern. e. Recommendation: Proposal of M/s. Infinity Global Supply Chain Limited located at Arshiya- SEZ for approval w.r.t. Change in Shareholding Pattern and Change in Board of Directors of the company is submitted before the Approval Committee Meeting in terms of MoC&I Instruction No. 109 dated 18.10.2021 for consideration.

a. Proposal : Proposal of M/s. Monika Alcobev Limited located at Arshiya SEZ for approval w.r.t. Change in List of Directors, Shareholding pattern & corporate Identification Number (CIN). Approval for Change in List of Directors, Shareholding pattern & corporate Identification Number (CIN). Notification :- Attention is invited to Instruction No. 109 of MOC&I dated 18 th October, 2021 stipulates that - “In supersession of Instruction No. 89 dated 17.05.2018 and Instruction No.

CIN). Notification :- Attention is invited to Instruction No. 109 of MOC&I dated 18 th October, 2021 stipulates that - “In supersession of Instruction No. 89 dated 17.05.2018 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 hereby conveyed that the guidelines for approval 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-developers as well as SEZ Units shall be as follows: (i) Reorganization including change of shareholding pattern, business transfer arrangements, court approved, mergers and demergers, change of constitution, change of Directors etc. may be undertaken by the Unit Approval Committee (UAC) concerned 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. All liabilities of the Developer / Co-Developer / Unit shall remain unchanged on such reorganization. 1. LOP No. & Date SEEPZ-SEZ/NEWSEZ/ARSHIYARAIGAD/116/2015- 16/18499, Dated 04/12/2015 2. Item(s) of manufacture/services Trading Activities 3. Date of commencement of production 09.03.2016 4. LOA Valid upto 08.03.2026 5. Present location Registered Address: 1107, Remi Commercio, Shah Industrial Estate, Off Veera Desai Road, Andheri (West), Mumbai- 400053.

SEZ unit’s address: - Unit No.

A Valid upto 08.03.2026 5. Present location Registered Address: 1107, Remi Commercio, Shah Industrial Estate, Off Veera Desai Road, Andheri (West), Mumbai- 400053.

SEZ unit’s address: - Unit No. 120, Administrative Building, Arshiya-FTWZ, Village Sai, Taluka-Panvel, Dist-Raigad, Maharashtra- 410206.

The Unit vide their letter dated 30.12.2025 has stated as under – The details of Shareholding Pattern and Board of Directors of the Company as under - A. The details of Change in Shareholding Pattern :

i. Details of list of Shareholding patterns (as per SEEPZ-SEZ record)

Sr. No. Name of the shareholder % of Holding No. Of Shares 1. Bhimji Nanji Patel 40.00% 8,00,000 2. Kunal Bhimji Patel 30.00% 6,00,000 3. Harshit Bhimji Patel 29.96% 5,99,200 4. Dhara Kunal Patel 0.01% 200 5. Nilesh Gokar Patel 0.01% 200 6. Kanta Bhachu Chadat 0.01% 200 7. Jinal Bhachu Chadat 0.01% 200 TOTAL 100% 20,00,000

ii. Changes happened earlier and were not intimated : Sr.

unal Patel 0.01% 200 5. Nilesh Gokar Patel 0.01% 200 6. Kanta Bhachu Chadat 0.01% 200 7. Jinal Bhachu Chadat 0.01% 200 TOTAL 100% 20,00,000

ii. Changes happened earlier and were not intimated : Sr. No. Name of Shareholders Equity Shares held % of Equity Share held 1. Bhimji Nanji Patel 9117122 54.73 2. Kunal Bhimji Patel 4200000 25.21 3. Deven Mahendrakumar Shah 1091475 6.55 4. Rhetan Estate Private Limited 909545 5.46 5 Minerva Ventures Fund 355509 2.13 6 Karthik Sundar 177758 1.07 7 Deepak Vashdev Hemnani Huf 112000 0.67 8 Kashyap Jayant Desai 112000 0.67 9 Nitinbhai Govindbhai Patel And Gitaben Nitinbhai Patel 71099

0.43 10 Harshit Biren Gandhi 71099 0.43 11 Rajiv Gupta 53326 0.32 12 Ashika Global Finance Private Limited 35553 0.21 13 Zaveri Laser Prints Pvt Ltd. 35553 0.21 14 Jatin R Mansata 17780 0.11 15 Amritaanshu Agrawal 17773 0.11 16 Kushal Nitinbhai Patel And Nitinbhai Govindbhai Patel 17773

0.11 17 Pankaj Ganjoo 17773 0.11 18 Puneet Tandon 17773 0.11 19 Abhishek Dilip Pradhan 8890 0.05 20 Anjali Sangtani 8890 0.05 21 Huma S Qureshi 8890 0.05 22 Khushbu Agrawal 8890 0.05 23 Khyati Mehul Jani 8890 0.05 24 Manish Hathiramani 8890 0.05 25 Mimi Chakraborty 8890 0.05 26 Rahul Jain 8890 0.05 27 Rahul Khera 8890 0.05 28 Rwittika Khatua 8890 0.05 29 Tatavarthy Chinna Venkata Narasimha Rao 8890 0.05 30 Abhishek Khandelwal (Huf) . 8890 0.05 31 Ankit Pawan Jalan 8890 0.05 32 Mit Anilkumar Chag 8890 0.05 33 Nayna Nagpal 8890 0.05 34 Prashant H Mehta 8890 0.05 35 Pratik Shubhkaran Sanghi 8890 0.05 36 Ram Khandelwal 8890 0.05 37

0.05 31 Ankit Pawan Jalan 8890 0.05 32 Mit Anilkumar Chag 8890 0.05 33 Nayna Nagpal 8890 0.05 34 Prashant H Mehta 8890 0.05 35 Pratik Shubhkaran Sanghi 8890 0.05 36 Ram Khandelwal 8890 0.05 37 Rishabh Dugar 8890 0.05

Shareholding Pattern As on 30.09.2025 Shareholding Pattern As on 30.09.2025 Category of Shareholders No. of Shares held % of Holding (A) Shareholding of Promoter and Promoter Group

Individuals

Bhimji Nanji Patel – Promoter 91,17,122 42.50 Kunal Bhimji Patel – Promoter 42,00,000 19.58 Dhara Kunal Patel – Promoter Group 1,400 0.01 Kanta Bhachu Chandat – Promoter Group 1,400 0.01 Total shareholding of Promoter and Promoter Group (A) 1,33,19,922 62.10

(B) Public Shareholding

Institutions (Domestic)

Alternate Investment Funds 2,83,200 1.32 NBFC registered with RBI 92,400 0.43 Institutions (Foreign)

Foreign Portfolio Investors Category I 27,05,600 12.61 Non-Institutions

Resident Individuals holding nominal share capital up to Rs. 2 lakhs 11,81,397 5.51 Resident Individuals holding nominal share capital in excess of Rs.

Category I 27,05,600 12.61 Non-Institutions

Resident Individuals holding nominal share capital up to Rs. 2 lakhs 11,81,397 5.51 Resident Individuals holding nominal share capital in excess of Rs. 2 lakhs 12,91,557 6,02 Non-Resident Indians (NRIs) 1,15,235 0.54 Foreign Companies 3,55,509 1.66 Bodies Corporate 18,36,651 8.56 Any Other (Specify)

Bodies Corporate-LLP 19,200 0.09 HUF 1,99,290 0.93 Clearing Members 50,000 0.23 Total Public shareholding (B) 81,30,039 37.90

Total (A)+(B) 2,14,49,961 100 38 Vikas Kochhar 8890 0.05 39 Vivek Doda 8890 0.05 40 Rajeev Kumar 7112 0.04 41 Rudradeep Banerjee 7112 0.04 42 Rekha Surendra Agrawal 7112 0.04 43 Aarti Jeetendra Juneja 5334 0.03 44 Madhava Rao Nalla 5334 0.03 45 Akshay Arora 3556 0.02 46 Dhara Kunal Patel 1400 0.01 47 Jinal Bhachu Chandat 1400 0.01 48 Kanta Bhachu Chandat 1400 0.01 49 Nilesh Gokar Patel 1400 0.01

Total 1,66,58,761 100.00 iii. Present List of Shareholding pattern (as on date half year and second quarter ended September 30, 2025

nta Bhachu Chandat 1400 0.01 49 Nilesh Gokar Patel 1400 0.01

Total 1,66,58,761 100.00 iii. Present List of Shareholding pattern (as on date half year and second quarter ended September 30, 2025

Sr. No. Existing list of Board of Directors Designation DIN 1. Kunal Bhimji Patel Whole-time Director 03039030 2. Bhimji Nanji Patel Whole-time Director 00253030 3. Dhara Kunal Patel Whole-time Director 08055376

B. The details of Change in Board of Directors :

i. Pre-List of Directors :

ii. Change in Composition of Board Composition (Earlier not Intimated) The unit has stated that, as per internal requirement and the provisions of the Companies Act, 2013, the following changes were made in the composition of the Board of the Directors. However, the intimation under MoC&I Instruction No. 109 dated 18.10.2021 could not be submitted to the DC office. Sr. No. Name Designation Nature of Change Effective Date 1 Navan Jagdishchandra Rawal Non-Executive, Independent Director Appointment 23/12/2023 2 Prasannakumar Baliram Gawde Non-Executive, Independent Director Appointment 31/01/2024 3 Kunal Bhimji Patel Executive, Whole-time Director Change in Designation 01/10/2024 4 Bhimji Nanji Patel Executive, Whole-time Director Change in Designation 01/10/2024 5 Kunal Bhimji Patel Executive, Managing Director Change in Designation 01/02/2025 6 Bhimji Nanji Patel Executive, Chairman & Whole- time Director Change in Designation 01/02/2025 7 Jagruti Prashant Sheth Non-Executive, Woman Independent Director Appointment 22/02/2025 8 Dhara Kunal Patel Non-Executive, Woman Director

man & Whole- time Director Change in Designation 01/02/2025 7 Jagruti Prashant Sheth Non-Executive, Woman Independent Director Appointment 22/02/2025 8 Dhara Kunal Patel Non-Executive, Woman Director Cessation 26/02/2025 9 Nayan Jagdishchandra Rawal Non-Executive, Independent Director Cessation 13/11/2025 10 Ghanshyam Vijaykumar Vyas Non-Executive, Independent Director Appointment 24/11/2025 11 Samir Kumar Das Non-Executive, Independent Director Appointment 24/11/2025 12 Prasannakumar Baliram Gawde Non-Executive, Independent Director Cessation 09/12/2025

iii. Present Composition of Broad of Director (as on 10/12/2025) : Sr. No. Name Designation 1 Kunal Bhimji Patel Executive, Managing Director 2 Bhimji Nanji Patel Executive, Chairman & Whole-time Director 3 Jagruti Prashant Sheth Non-Executive, Woman Independent Director 4 Ghanshyam Vijaykumar Vyas Non-Executive, Independent Director 5 Samir Kumar Das Non-Executive, Independent Director

C. Change in Corporate Identification Number (CIN):

Woman Independent Director 4 Ghanshyam Vijaykumar Vyas Non-Executive, Independent Director 5 Samir Kumar Das Non-Executive, Independent Director

C. Change in Corporate Identification Number (CIN):

The unit has informed that pursuant to the listing of its equity shares on the SME Platform of BSE Limited w.e.f. 23.07.2025, and subsequent to filing of Form CRF dated 24.07.2025 with the Registrar of Companies, Mumbai, the CIN and status of the company have been updated on the MCA portal. Accordingly, the company’s status has been changed to Listed Public Company, and the updated CIN is : L15490MH2022PLC375025.

D. Apology for Delay in Intimation & Assurance of Future Compliance – The Unit has stated that – i. The changes in the composition of the Board of Directors of the company, which occurred during the intervening period, could not be intimated to this office in accordance with MoC&I Instruction No. 109 dated 18.10.2021. ii. The lapse was purely inadvertent and unintentional, and they request taking the same on record. iii. They have assured that all statutory changes and compliances related to their unit shall be duly informed to this office within prescribed timelines.

E. Documents submitted: -

a. Certified true copies of the Board Resolutions and Form DIR-12 filed with the Registrar of Companies, confirming the changes in the composition of the Board of Directors as referred to in Clause 1(B) of this Letter. b.

es of the Board Resolutions and Form DIR-12 filed with the Registrar of Companies, confirming the changes in the composition of the Board of Directors as referred to in Clause 1(B) of this Letter. b. Master Data along with the Change Request Form (CRF) reflecting the change in the Corporate Identification Number (CIN) from L15490MH2022PLC375025 of the Company, pursuant to the listing of the Company’s equity shares on the SME Platform of BSE Limited. c. Know Your Customer (KYC) documents of the Independent Directors. d. Undertaking confirming non-involvement of the Directors in any criminal proceedings or other legal matters. e. CA-certified list of the present Directors along with the Shareholding Pattern of the Company.

Observation: The changes in the composition of the Board of Directors and the shareholding pattern of the company, which occurred during the intervening period, were not intimated by the unit to this office in accordance with MoC&I Instruction No. 109 dated 18.10.2021. e. Recommendation: The proposal of M /s. Monika Alcobev Limited located at Arshiya-FTWZ for approval w.r.t. the Change in the List of Directors, Shareholding pattern & corporate Identification Number (CIN), in terms of MoC&I Instruction No. 109 dated 18.10.2021, is submitted before the Approval Committee for consideration.

e Identification Number (CIN), in terms of MoC&I Instruction No. 109 dated 18.10.2021, is submitted before the Approval Committee for consideration.

a. Proposal : The proposal of M/s. Swiftlog Shipping Services Private Limited for setting up of a new unit in M/s. Arshiya Limited (Under NCLT). Application for setting up of New Unit in M/s. Arshiya Limited (Under NCLT) for Warehousing Activities. Notification :- SEZ Rule 17 & 18.

Status of the company i.e. proprietorship/ partnership/Individual and statute under which registered with registration no. & year of registration

Proprietorship/ Partnership/ Individual/Pvt. Ltd. Company

Registration Number Year Private Limited U52240MH2025PTC445005 07.04.2025

Product to be Warehouse to be rendered in Form F Item(s) Description ITC/CPC Capacity (Not required for service unit) Units Consolidation of Cargo 9967/9967

Nos Quality checking and testing 9967/9967

Nos VOS activity, Packing, Re-packing, Labelling, Re-labelling, Clubbing, etc. 9967/9967

Nos Warehousing of all items mentioned under ITC (HS) classification of Import and Exports except prohibited, canalized & goods under chapter 71. 9967/9967

Nos Proposed Location of applicant in Arshiya-FTWZ. Admeasuring Open Yard Area : 40,000 sq.ft. + Container Yard Area : 15,000 sq.ft. + Shed Area (behind CO2 building) : 2,000 sq.ft. and Additional Facilities : ISO container storage and 15 nos.

TWZ. Admeasuring Open Yard Area : 40,000 sq.ft. + Container Yard Area : 15,000 sq.ft. + Shed Area (behind CO2 building) : 2,000 sq.ft. and Additional Facilities : ISO container storage and 15 nos. plug points for refrigerated containers suitable for maintaining temperatures 2-8’ C at Arshiya FTWZ-SEZ (under CIRP), Village Sai, Taluka Panvel, District Raigad, Maharashtra- 410221.

List of Items for Warehouse submitted by the applicant in “Annexure A” Attached as per Annexure “A” Requirement of Land/ built-up area (Area in Sq. Mtrs.) i. Factory & Office 0.00 ii. Warehousing/ Storage 185.80 iii. Others, Specify 5109.67 iv Built-up Area 0.00 Details of Directors Name of Director Designation Mr. Sudhir Vitthal Thakur Director Mrs. Suchita Sudhir Thakur Director

Details of Shareholding Pattern Sr. No Name of Shareholders No of shares 1. Mr. Sudhir Vitthal Thakur 4,500 2. Mrs. Suchita Sudhir Thakur 500

Total 5,000

Project Cost S.No Particulars Amount (in Lakhs INR) Amount (in Lakhs USD) % of Total Cost 1 Land /Built-up Area Cost (Lease/Purchase/Rent) 12 0.13 60% 2 Building/Renovation/Inteior Work 1 0.01 5% 3 Plant & Machinery/Equipment (eg. Severs, PCs, Networking) 3 0.03 15% 4 Working Capital Margin (For initial 3-6 months) 3 0.03 15% 5 Preliminary & Pre-operative Expenses (eg. Licenses, Fees) 1 0.01 5%

Total Project Cost (A)

20 0.21 100%

Net Worth of Directors The applicant vide letter dated 10.10.2025 has submitted Self-Declaration for Net Worth Support - Sr.

s (eg. Licenses, Fees) 1 0.01 5%

Total Project Cost (A)

20 0.21 100%

Net Worth of Directors The applicant vide letter dated 10.10.2025 has submitted Self-Declaration for Net Worth Support - Sr. No. Name of the Director Amount (In Rs.) 1. Sudhir Vithal Thakur 2,38,65,260/-

Suchita Sudhir Thakur 2,94,910/-

Total 24,160,170/-

Source of funds

Means of Finance : S.No Particulars Amount (in Lakhs INR) % of Total Cost (B) Promoter’s Contribution (Equity)

Paid-up Share Capital (Fresh Issue) 3 15% 2. Unsecured Loans from Promoters/Internal Accurals 15 75% (C) Term Loan from Financial Institutions/Banks (Debt)

1 Term Loan from Bank/Intitution, if required 2 10% (D) Total Means of Finance (B+C) 20 100%

Investment Details

Sr. No. Particulars Rs. In Lakhs (a) Plant & Machinery (i) Indigenous 0.00 (ii) Import CIF Value 0.00

Total (i) + (ii) 0.00 Import & indigenous requirement of materials and other inputs (Rs. In Lakhs)

Import Indigenous (a) Capital Goods 0.00 0.00 (b) Raw Material, components, consumables, packing material, fuel etc. for 5 years 0.00 0.00 (c) Input Services 200.00 171.00

Total 200.00 171.00

Total employment Men Women 11 4

Goods 0.00 0.00 (b) Raw Material, components, consumables, packing material, fuel etc. for 5 years 0.00 0.00 (c) Input Services 200.00 171.00

Total 200.00 171.00

Total employment Men Women 11 4

Foreign Exchange Balance Sheet

                                                                 (Rs. in Lakhs)

Details FOB Value of Exports in first five years Foreign Exchange Outgo for the first five years Net Foreign Exchange Earnings for the first five years (1) – (2) 1st Year 62.00 56.00 6.00 2nd Year 72.00 65.00 7.00 3rd Year 79.00 71.00 8.00 4th Year 79.00 71.00 8.00 5th Year 79.00 71.00 8.00 Total 371.00 334.00 37.00 Total ($ in thousands) 412.22 371.11 41.11

Marketing strategy/buy back plan

The applicant has mentioned that their Company employs a backward integration strategy to promulgate FTWZ and logistics services for their global clients. With a focus on first mile and last mile connectivity, as a part of their marketing strategy, they offer their clients end-to-end solutions by providing a market free trade zone and other warehousing solutions in the form of just-in-time supply of goods. Their marketing staff shall focus on their FTWZ Services. Other information The applicant has stated that - M/s.

ade zone and other warehousing solutions in the form of just-in-time supply of goods. Their marketing staff shall focus on their FTWZ Services. Other information The applicant has stated that - M/s. SwiftLog Shipping Services Private Limited is spearheaded by seasoned logistics professionals who bring together a powerful combination of regulatory expertise, operational excellence, and commercial acumen- making SWIFTLOG uniquely positioned to deliver efficient and compliant logistics solutions, particularly within FTWZs. The other group of companies have enough expertise in setting up and operationalize FTWZ and units within those zones and will support in operationalize this unit also. The company will provide warehousing facility for strategic business to many Foreign and Indian entities through operations by experienced and well qualified professionals.

Observation Clarification/Comments regarding LOI issued by Developer, Arshiya FTWZ (through RP) to M/s Swiftlog Shipping Services Private Limited, were sought from Co-developer namely M/s. Ascendas Panvel FTWZ Private Limited, to which they have responded as under: "We, Ascendas Panvel FTWZ Private Limited, in our capacity as a Co- developer and the lessee of the warehouses, wish to state that we are not aware of any transaction or arrangement between Arshiya Limited (under CIRP) and Swiftlog Shipping Services Private Limited. We categorically object to the said transaction, as we have neither been informed nor consulted in this regard.

nt between Arshiya Limited (under CIRP) and Swiftlog Shipping Services Private Limited. We categorically object to the said transaction, as we have neither been informed nor consulted in this regard. Further, we are not aware whether any area under our possession, management, or control has been considered for the issuance of the aforesaid Letter of Intent (LOI). In view of the above, we kindly request that no portion of the area under our possession, management, or control be included in, or considered for, any transaction or for the issuance of any Letter of Approval (LOA), until Arshiya Limited (under CIRP) obtains our prior written consent and explicit confirmation. We further request that this consideration be extended to all common areas i.e. Access Roads, Additional Lands, Common Area Infrastructure Facilities, HVAC Areas, and other shared spaces. Without prejudice to the foregoing, we reserve all our rights in this matter."

In connection with above, vide email dated 24.11.2025 addressed to Shri Pankaj Mahajan, Resolution Professional, for the Developer namely M/s Arshiya Limited (under NCLT) was requested to furnish detailed comments on the issues raised, as referred to by M/s Ascendas Panvel FTWZ Pvt. Ltd., and to submit any other relevant facts or documents necessary for proper appraisal of the matter before placing it in the UAC, however, no reply has been received so far. e. Recommendation: The Proposal of M/s.

t any other relevant facts or documents necessary for proper appraisal of the matter before placing it in the UAC, however, no reply has been received so far. e. Recommendation: The Proposal of M/s. SwiftLog Shipping Services Private Limited for setting up a New Warehousing unit in M/s. Arshiya Limited FTWZ (under CIRP) is submitted to the Approval Committee for consideration in terms of Rule 17 & 18 of SEZ Rules, 2006.

a. Proposal : The proposal of M/s. Hub Sports Equipments Private Limited for setting up of a new unit in M/s. Ascendas Panvel FTWZ Private Limited (Co-Developer) at Arshiya-SEZ. Application for setting up of New Unit in M/s. Ascendas Panvel FTWZ Private Limited (Co-Developer) at Arshiya-SEZ for Trading Activities. Notification :- SEZ Rule 17 & 18.

Status of the company i.e. proprietorship/ partnership/Individual and statute under which registered with registration no. & year of registration

Proprietorship/ Partnership/ Individual/Pvt. Ltd.

tatus of the company i.e. proprietorship/ partnership/Individual and statute under which registered with registration no. & year of registration

Proprietorship/ Partnership/ Individual/Pvt. Ltd. Company

Registration Number Year Private Limited U74999PN2017PTC172752 27.09.2020

Item(s) Description ITC/CPC Capacity (Not required for service unit) Units Footwear with other soles of Rubber , Plastic Leather or Composition Leather and Upper of Leather 6403/ 1.00 Pieces Calendaring or Other Rolling Machine ,Other than for Met Also glass and Cylinders therefor 8420/ 1.00 Pieces MECHANICAL APPLIANCES (WHETHER OR NOT HAND- OPERATED) FOR PROJECTING, DISPERSING OR SPRAYING LIQUIDS OR POWDERS; FI RE EXTINGUISHERS, WHETHER OR NOT CHARGED; SPRAY GUNS AND SIMILAR APPLIANCES; STEAM OR SAND BLASTING MACHINES AND S IMILAR JET PROJECTING MACHINES 8424/ 1.00 Pieces NP-22 Revolver 9302/ 75.00 Pieces HANDGUN REVOLVER 93020000/ 75.00 Pieces

Product to be Trading to be rendered in Form F DBBL RIFLE 9303/ 25.00 Pieces HANDOUN PISTOL 9303/

Pieces Smooth Bor DBBL 9303/ 25.00 Pieces .177 cal 4.5mm Air Rifle (20 Joules Less than) 9304/ 500.00 Pieces Air Rifle (20 Joules greater than) 9304/ 500.00 Pieces .22 Rifle 93040000/ 150.00 Nos 22 Rifle Cartridge 9306/ 100000.00 Pieces DBBL Gun 9306/ 25.00 Pieces DBBL Gun Cartridge 9306/ 50000.00 Pieces Handgun Cartridge 9306/ 200000.00 Pieces Live Gun Cartridges 9306/ 50000.00 Pieces NP-22 Pistol 9306/ 150.00 Pieces PERMISSIBLE AMMUNITION FOR ARMS OF SCHEDULER PART A CATEGORY (F)(1 9306/ 475000.00 Pieces SBBL Gun 9306/ 50.00 Pieces SBBL Gun Cartridge

tridges 9306/ 50000.00 Pieces NP-22 Pistol 9306/ 150.00 Pieces PERMISSIBLE AMMUNITION FOR ARMS OF SCHEDULER PART A CATEGORY (F)(1 9306/ 475000.00 Pieces SBBL Gun 9306/ 50.00 Pieces SBBL Gun Cartridge 9306/ 50000.00 Pieces Cartridges (Shotgun ammunition) 93062100/ 500000.00 Pieces ARTICALES AND EQUIPMENT FOR GENERAL PHYSICAL EXERCISE, GY MNASTICS, ATHLETICS, OTHER SPORTS (INCLUDING TABLETENNIS )OR OUTDOOR GAMES, NOT SPECIFIED OR INCLUDED ELSEWHER E IN THIS CHAPTER, SWIMMING POOLS AND PADDLING POOLS 9507 9506/ 50000.00 Pieces Consolidation of Cargo 99671/986729 1.00 Nos Warehousing and storage activites 996729/996729 1.00 Nos Quality checking and testing 998346/998540 1.00 Nos Packing and services (Packing and Re- Packing) 998540/998356 1.00 Nos Proposed Location of applicant in Arshiya-FTWZ. Admeasuring Area : 1200 sq. ft. in warehouse storage at M/s Ascendas Panvel FTWZ Pvt. Ltd, Arshiya FTWZ-SEZ, Village Sai, Taluka Panvel, District Raigad, Maharashtra-410221. List of Items for Warehouse submitted by the applicant in “Annexure A” Attached as per Annexure “A”

FTWZ Pvt. Ltd, Arshiya FTWZ-SEZ, Village Sai, Taluka Panvel, District Raigad, Maharashtra-410221. List of Items for Warehouse submitted by the applicant in “Annexure A” Attached as per Annexure “A”

Requirement of Land/ built-up area (Area in Sq. Mtrs.) i. Factory & Office 0.00 ii. Warehousing/ Storage 111.49 iii. Others, Specify 0.00 iv Built-up Area 111.49 Details of Directors Name of Director Designation DIN/PAN Mr. Ghanshyam Madhav Shukla Director 07876046 Mr. Shashikant Maruti Bhandare Director 08171760 Mr. Ganesh Vasant Kale Director 08261106 Details of Shareholding Pattern Sr. No Name of Shareholders No of shares % of Shareholding 1. Ashwini Tupasmindre 2700 27.00% 2. Nigar Shah 2300 23.00% 3. Pratik Zodpe 2300 23.00% 4. Sanjeev Gupta 2700 27.00%

Total 10,000 100.00% Project Cost The Applicant has not submitted. Net Worth of Directors The applicant has not submitted Self-Declaration for Net Worth Support. Source of funds

Means of Finance : Their primary source of finance will be • Internal accruals, • Utilizing our own funds. • Supplemented by loans from friends and family

Investment Details

Sr. No. Particulars Rs. In Lakhs (a) Plant & Machinery (i) Indigenous 0.00 (ii) Import CIF Value 0.00

Total (i) + (ii) 0.00 Import & indigenous requirement of materials and other inputs (Rs. In Lakhs)

Import Indigenous (a) Capital Goods 0.00 0.00 (b) Raw Material, components, consumables, packing material, fuel etc.

(Rs. In Lakhs)

Import Indigenous (a) Capital Goods 0.00 0.00 (b) Raw Material, components, consumables, packing material, fuel etc. for 5 years 0.00 0.00 (c) Input Services 0.00 0.00

Total 0.00 0.00

Total employment Men Women 2 2

Foreign Exchange Balance Sheet

                                                                 (Rs. in Lakhs)

Details FOB Value of Exports in first five years Foreign Exchange Outgo for the first five years Net Foreign Exchange Earnings for the first five years (1) – (2) 1st Year 500.00 450.00 50.00 2nd Year 550.00 495.00 55.00 3rd Year 620.00 558.00 62.00 4th Year 700.00 630.00 70.00 5th Year 800.00 720.000 80.00 Total 3170.00 2853.00 317.00 Total ($ in thousands) 3522.22 3170.00 352.22

Marketing strategy/buy back plan The applicant has not submitted. Other information The applicant has stated that - M/s. HUB SPORTS is a Pune-based company specializing in the trading and distribution of high-precision sports shooting equipment, including air rifles, air pistols, and match-grade pellets meant exclusively for competitive sports. The Company play a significant role in nurturing India's shooting talent. By ensuring the availability of world-class equipment, they enable Indian athletes to train for and win at the Olympics, Asian Games, and World Championships.

e in nurturing India's shooting talent. By ensuring the availability of world-class equipment, they enable Indian athletes to train for and win at the Olympics, Asian Games, and World Championships.

Observations

On scrutiny of records available in this office, the following points have been observed: M/s Hub Shooting Sports, a proprietary firm, was granted a Letter of Approval (LoA) vide No. SEEPZ-NEWSEZ/ARSHIYA- RAIGAD/126/2016-17 dated 28.07.2016 for authorized operations in Arshiya International Ltd. SEZ (now Ascendas Panvel FTWZ Pvt. Ltd.). The unit remained inactive due to the impact of the COVID-19 pandemic and challenges in the shooting sports sector at the time. As informed by the unit, these circumstances were beyond their control. Post-pandemic, the business has been restructured into a Private Limited Company named Hub Sports Equipment Pvt. Ltd., which has taken over the operations of the earlier proprietary firm. The unit has stated that it now holds necessary licenses, including an Arms License issued by the Government of Maharashtra, and is recognized by global manufacturers such as Walther (Germany).

firm. The unit has stated that it now holds necessary licenses, including an Arms License issued by the Government of Maharashtra, and is recognized by global manufacturers such as Walther (Germany). It is operational at a national level and has been awarded the Best Distributor Award 2023 (Global Level). The proposed activity is aligned with the Government of India’s initiatives, including Make in India, promotion of Olympic sports, and India's ambition to host the 2036 Olympic Games.

The monitoring performance of the Unit since the implementation of the Defaulting Compliant Protocol (DCP) has not yet been placed before the UAC for consideration. The Unit has not submitted the Annual Performance Report (APR) through the SEZ Online System, as required under the SEZ Rules. Instead, it has erroneously mentioned the same request ID for APRs pertaining to all financial years, indicating non-compliance in APR submission. The Unit had also submitted an application for closure of the unit vide their letter dated 05.09.2020. In response, this office had issued a letter dated 15.09.2020, 19.09.2025 requesting submission of requisite details/documents for formal closure and Non-submission of APR. However, compliance with those requirements is still pending from the Unit’s side.

The applicant has not submitted following details/documents -

  1. Means of Finance in detail
  2. Cost of Project in detail
  3. Net Worth of Directors
  4. Process flow chart of warehousing;
  5. Affidavit of signatory duly notarized on Rs. 100 stamp paper;
  6. Letter for Marketing tie up/Buyback plan;

t of Project in detail 3. Net Worth of Directors 4. Process flow chart of warehousing; 5. Affidavit of signatory duly notarized on Rs. 100 stamp paper; 6. Letter for Marketing tie up/Buyback plan; 7. The maps indication the exact location of the warehousing space. A letter to S.O. Arshiya FTWZ has already been sent to provide comments on the items to be imported/exported for the trading activitiy whether they are freely importable/exportable or otherwise. e. Recommendation:

Proposal of M/s. Hub Sports Equipments Private Limited for setting up a New Trading unit in M/s. Ascendas Panvel FTWZ Private Limited (Co-Developer) at M/s. Arshiya Limited FTWZ SEZ is submitted to the Approval Committee for consideration in terms of Rule 17 & 18 of SEZ Rules, 2006.

a. Proposal : Approval w.r.t. Addition Broad Banding of Authorized operations for SEZ Unit to include additional services into their existing Letter of Approval of M/s. Ascendas Panvel FTWZ Private Limited with revision in projections. Addition (Broad Banding) of Authorized operations for SEZ Unit to include additional services in their existing Letter of Approval. Notification :- Proviso 2 of Rule 19(2) of SEZ Rules, 2006 – “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 service activity, if it meets the requirement of Rule 18.”

Letter of Approval No.

for broad-banding, diversification, enhancement of capacity of production, change in the items of manufacture or service activity, if it meets the requirement of Rule 18.”

Letter of Approval No. and Date SEEPZ/NEWSEZ/ARSHIYA-RAIGAD/202/2024- 25/10668 Dated: 21.08.2024 (Original LOA) 2. Item(s) of manufacture/services Warehousing and Storage Activities. 3. Present location WH-03, WH-04, WH-08, WH-09, WH-11, WH-12 and WH-CODC, Arshiya FTWZ, Sai Village, Panvel Taluka, District Raigad, Maharashtra-410206 4. Date of commencement of production 16.05.2025 5. LOA Valid upto 15.05.2030 6. Whether the unit has submitted Form F3? Yes. 7. Revision of Projections Yes.

Reason for broad banding of LOA – The unit has stated that the proposed broad-banding of services is intended to provide operational flexibility, address evolving client requirements, offer integrated logistics and support solutions, and enhance the utilization of existing infrastructure within the SEZ. The additional services are allied and incidental to the existing authorized activities and fall within the permitted service framework under the SEZ Rules. With respect to the proposed additional services, formal client contracts are presently under discussion and negotiation with prospective clients. Upon receipt of approval for the amendment of authorized services in the LOA, they shall execute formal service agreements/work orders with the clients prior to commencement of such services.

lients. Upon receipt of approval for the amendment of authorized services in the LOA, they shall execute formal service agreements/work orders with the clients prior to commencement of such services. They further undertake to submit copies of the executed client contracts/agreements and any other documents as may be required by this office from time to time.

Revision in Projections : The Unit has confirmed that there will be revision of Projections.

A. Item(s) of Trading / Warehouses :

a. Approved/Existing Item(s) : ITC/CPC Code Item Description Metric Production Capacity 99671-742 Consolidation of Cargo (Except prohibited, canalized & goods under Chapter 71 items on behalf of clients as per Annexure A) US Dollar ($)

996719-742 Consolidation of Cargo (Except prohibited, canalized & goods under Chapter 71 items on behalf of clients as per Annexure A) US Dollar ($)

99672-742 Warehousing & Storage Activities (Except prohibited, canalized & goods under Chapter 71 items on behalf of clients as per Annexure A) US Dollar ($)

998346-742 Quality Checking & testing (Except prohibited, canalized & goods under Chapter 71 items on behalf of clients as per Annexure A) US Dollar ($)

99854-749 Packaging Services [Packing or Re-packing (without any processing)], Labelling or Re-Labelling, Re- Invoicing (Except prohibited, canalized & goods under Chapter 71 items on behalf of clients as per Annexure A) US Dollar ($)

b.

packing (without any processing)], Labelling or Re-Labelling, Re- Invoicing (Except prohibited, canalized & goods under Chapter 71 items on behalf of clients as per Annexure A) US Dollar ($)

b. Proposed Item(s) :

ITC/CPC Code Item Description Metric Production Capacity 99671-742 Consolidation of Cargo (Except prohibited, canalized & goods under Chapter 71 items on behalf of clients as per Annexure A) US Dollar ($) 0.00 996719-742 Consolidation of Cargo (Except prohibited, canalized & goods under Chapter 71 items on behalf of clients as per Annexure A) US Dollar ($) 0.00 99672-742 Warehousing & Storage Activities (Except prohibited, canalized & goods under Chapter 71 items on behalf of clients as per Annexure A) US Dollar ($) 0.00 998346-742 Quality Checking & testing (Except prohibited, canalized & goods under Chapter 71 items on behalf of clients as per Annexure A) US Dollar ($) 0.00 99854-749 Packaging Services [Packing or Re-packing (without any processing)], Labelling or Re-Labelling, Re- Invoicing (Except prohibited, canalized & goods under Chapter 71 items on behalf of clients as per Annexure A) US Dollar ($) 0.00 996791-742 Goods Transport Services US Dollar ($) 0.00 996511-742 Road Transport Services US Dollar ($) 0.00 996519-742 Other Transport Services US Dollar ($) 0.00

per Annexure A) US Dollar ($) 0.00 996791-742 Goods Transport Services US Dollar ($) 0.00 996511-742 Road Transport Services US Dollar ($) 0.00 996519-742 Other Transport Services US Dollar ($) 0.00

996519-749 Other Support Services US Dollar ($) 0.00 996712-742 CHA Services US Dollar ($) 0.00 998311-742 Management Consulting Services US Dollar ($) 0.00

B. Existing and proposed Import Indigenous requirements and other inputs :

Sr. No Activity of Unit Existing Proposed 1. Value of Capital Goods (Rs. in lakhs) Import 200000.00 200000.00 Indigenous 0.00 38.00 2. Value of Raw Materials (Rs. in lakhs) Import 0.00 0.00 Indigenous 0.00 0.00 3. Value of Input Services (Rs. in lakhs) Import 11036.00 11036.00 Indigenous 3241.00 3251.00

C. Employment Details :

Existing Proposed Men Women Men Women 170 40 195 46

D. Foreign Exchange Balance Sheet :

  1. Existing Projection : Value – Rs. In Lacs Year 1st Year 2nd Year 3rd Year 4th Year 5th Year Total FOB Value of Exports in first five years 5040.00 5506.17 5771.17 6048.17 6340.18 28705.69 Foreign Exchange Outgo for the first five years 1997.00 2097.00 2202.00 2312.00 2428.00 11036.00 Net Foreign Exchange Earnings for the first five years (1) – (2) 3043.00 3409.17 3569.17 3736.17 3912.18 17669.69

  2. Proposed Projection : Value – Rs. In Lacs Year 1st Year 2nd Year 3rd Year 4th Year 5th Year Total FOB Value of Exports in first five years 2375.67 6286.17 6771.17 7248.17 7840.18 30521.36 Foreign Exchange Outgo for the first five years 1997.00 2097.00 2202.00 2312.00 2428.00 11036.00

Year Total FOB Value of Exports in first five years 2375.67 6286.17 6771.17 7248.17 7840.18 30521.36 Foreign Exchange Outgo for the first five years 1997.00 2097.00 2202.00 2312.00 2428.00 11036.00

Net Foreign Exchange Earnings for the first five years (1) – (2) 378.67 4189.17 4569.17 4936.17 5412.18 19485.36 e. Recommendation: The proposal of M/s. Ascendas Panvel FTWZ Private Limited, located in Arshiya FTWZ, for approval w.r.t the Addition Broad Banding of authorized operations for its SEZ Unit to include additional services in its existing Letter of Approval, is placed before the Approval Committee for consideration, in terms of Proviso 2 of Rule 19(2) of SEZ Rules, 2006.

a. Proposal : Application of M/s Accex Supply Chain Private Limited, unit in Arshiya SEZ, seeking approval for movement of shipment from Arshiya SEZ to NTT India Private Limited (FTWZ), Chennai, for onward transfer to M/s Optum Global Solutions (India) Pvt. Ltd. (SEZ), Gurugram. Approval for clearance from Arshiya FTWZ to FTWZ Chennai and End Delivery to SEZ unit. Notification :- Attention is also invited to MOC&I Instruction No. 117, vide letter No. K-43022/24/2024-SEZ dt. 24.09.2024 has conveyed for strict compliance which stipulate that – vi. The transfer of goods from one FTWZ to another FTWZ should not be allowed except in specific and exceptional cases after consideration by the UAC. 1. SEZ Unit M/s. Accex Supply Chain Private Limited 2. LOP No.

er of goods from one FTWZ to another FTWZ should not be allowed except in specific and exceptional cases after consideration by the UAC. 1. SEZ Unit M/s. Accex Supply Chain Private Limited 2. LOP No. & Date SEEPZ/NEWSEZ/ARSHIYA-RAIGAD/166/2018- 19/27695 dated 20.11.2018 as amended (Original LOA) SEEPZ/NEWSEZ/ARSHIYA-RAIGAD/166/2018- 19/27695/03384 dated 11.03.2025 (Renewal of LOA) 3. Item(s) of manufacture/services Warehousing Activity. 4. Date of commencement of production 14.11.2019 5. LOA Valid upto 13.11.2029 6. Present SEZ location Registered Office Address : 109, First Floor, Srishti Plaza, Saki Vihar Road, Powai, Mumbai, Mumbai City, Maharashtra, India-400072 SEZ Unit Address : Unit No. 164, 1st floor, Administrative Building, Arshiya FTWZ, Taluka Panvel, Sai Village, Raigad -421206.

Vide letter dated 11.12.2025 and mail dated 23.12.2025, M/s Rashi Peripherals Limited and M/s. Accex Supply chain Pvt Ltd respectively has conveyed as under: Accex Supply chain Pvt Ltd. having a unit at Arshiya FTWZ and their Registered Client M/s Rashi Peripherals Limited, having its registered office at 5th Floor, Aristo House, N.S. Phadke Road, Andheri East, Mumbai - 400069, is a leading national distribution partner of global ICT brands in India. They have a strong network of 50 Branches and 50 Service centers that cater to over 8600+ B2B customers in 730+ locations across India. They are the partner of choice of 45+ global ICT brands in India.

y have a strong network of 50 Branches and 50 Service centers that cater to over 8600+ B2B customers in 730+ locations across India. They are the partner of choice of 45+ global ICT brands in India.

Being a Distributor, they are in receipt of Order from NTT India Pvt Ltd FTWZ Chennai who in turn will supply to End user situated in SEZ Gurugram. The Unit has attached below purchase order for ready reference. Purchase Order /PI PRODUCTS DETAILS ARE QTY VALUE (in Rs.) 4501677624/S2701520492 Product Code-980-9171G00J000.Mellanox

Transceivers 32 245,280.00 4501677614/S2701520490 ProductCode-980-9171G-00J000.Mellanox Transceivers 32 245,280.00

They are working as a client of the unit holder in Arshiya FTWZ at the below-mentioned address: ACCEX SUPPLY CHAIN PRIVATE LIMITED., ON A/C OF (Rashi Peripherals Limited) ASCENDAS Panvel FTWZ Pvt. Ltd, (Arshiya) Village Sai, Taluka Panvel, District Raigad, Panvel -410206.

1st Leg Delivery (FTWZ): NTT INDIA PRIVATE LIMITED C/O DHL Logistics Pvt Ltd., J Matadee Free Trade Zone, Sriperumbudur Taluka, Kanchipuram District, Tamil Nadu-602105. End Customer (SEZ) : OPTUM GLOBAL SOLUTIONS (INDIA) PVT LTD, 4TH &5TH FLOOR OF BLOCK 2 OF PHASE 1 IN, IT ITES SEZ OF M/S.

ee Trade Zone, Sriperumbudur Taluka, Kanchipuram District, Tamil Nadu-602105. End Customer (SEZ) : OPTUM GLOBAL SOLUTIONS (INDIA) PVT LTD, 4TH &5TH FLOOR OF BLOCK 2 OF PHASE 1 IN, IT ITES SEZ OF M/S. ITPG DEVELOPERS PVT LTD BHERAMPUR, BY SECTOR 59, GURUGRAM 122101.

Verification Report submitted by The Specified Officer, Arshiya SEZ – The Specified Officer, vide letter dated 22.12.2025, has submitted that their office has no objection to the movement of goods from Unit M/s Rashi Peripherals Limited, located at Arshiya FTWZ, to Unit NTT India Private Limited within Chennai SEZ, subject to compliance of rules and regulation.

OBSERVATION : The unit has not submitted following details/documents – a. Consent letter from M/s NTT INDIA PRIVATE LIMITED (FTWZ) Chennai for accepting the said cargo. b. Consent letter from M/s OPTUM GLOBAL SOLUTIONS (INDIA) PVT LTD (SEZ) Gurugram for accepting the said cargo. e. Recommendation: The Proposal for approval w.r.t. allowance for sending the shipment from Arshiya FTWZ to NTT INDIA PRIVATE LIMITED (FTWZ) Chennai who will send the shipment to OPTUM GLOBAL SOLUTIONS (INDIA) PVT LTD (SEZ) Gurugram is submitted before the Approval Committee for consideration as per MOC&I Instruction No. 117 dated 24.09.2024 and Guidelines dated 04.11.2024 issued by this office.

re the Approval Committee for consideration as per MOC&I Instruction No. 117 dated 24.09.2024 and Guidelines dated 04.11.2024 issued by this office.

a. Proposal : Application of Approval for FTWZ-to-SEZ / FTWZ-to-FTWZ movement of alcoholic beverages from M/s. Monika Alcobev Limited, Arshiya FTWZ to M/s Awat Logistics Pvt. Ltd., Khurja FTWZ and to M/s Sarveshwar, a Unit located in JNPA SEZ. a. Transfer of imported alcoholic beverages between Arshiya FTWZ and M/s Awat Logistics Pvt. Ltd., Khurja FTWZ, both ways. b. Transfer of imported alcoholic beverages between Arshiya FTWZ and M/s Sarveshwar SEZ Unit within JNPA SEZ, both ways. Notification :- Attention is also invited to MOC&I Instruction No. 117, vide letter No. K-43022/24/2024-SEZ dt. 24.09.2024 has conveyed for strict compliance which stipulate that – vi. The transfer of goods from one FTWZ to another FTWZ should not be allowed except in specific and exceptional cases after consideration by the UAC.

SEZ Unit M/s. Monika Alcobev Limited 2. LOP No. & Date SEEPZ-SEZ/NEW-SEZ/ARSHIYA-RAIGAD/116/2015- 16/18499, Dated 04.12.2015. (Original LOA) SEEPZ-SEZ/NEW-SEZ/ARSHIYA-RAIGAD/116/2015- 16/16240, Dated 29.09.2021.

. Monika Alcobev Limited 2. LOP No. & Date SEEPZ-SEZ/NEW-SEZ/ARSHIYA-RAIGAD/116/2015- 16/18499, Dated 04.12.2015. (Original LOA) SEEPZ-SEZ/NEW-SEZ/ARSHIYA-RAIGAD/116/2015- 16/16240, Dated 29.09.2021. (Renewal of LOA). 3. Item(s) of manufacture/services Trading Activity. 4. Date of commencement of production 09.03.20216 5. LOA Valid upto 08.03.2026. 6. Present SEZ location Registered Address: 1107, Remi Commercio, Shah Industrial Estate, Off Veera Desai Road, Andheri (West), Mumbai- 400053. SEZ unit’s address: - Unit No. 120, Administrative Building, Arshiya-FTWZ, Village Sai, Taluka-Panvel, Dist-Raigad, Maharashtra- 410206.

Vide mail dated 19.11.2025 & 19.12.2025, M/s. Monika Alcobev Limited has conveyed as under:

  1. M/s Monika Alcobev Limited is a BSE-listed company engaged in import, trading and distribution of premium alcoholic beverages.

  2. The unit has coveyed that it maintains a clean compliance record with all statutory authorities including Customs, GST, State Excise, SEZ authorities and stock exchanges.

  3. The unit has business arrangements with (i) M/s Awat Logistics Pvt. Ltd., Khurja FTWZ (Uttar Pradesh), and (ii) M/s Sarveshwar SEZ Unit located in JNPA SEZ.

  4. The unit has submitted that operation within the SEZ/FTWZ framework enables seamless inter-unit transfer of alcoholic beverages and avoids the burden of multiple State Excise permissions required in the Domestic Tariff Area (DTA).

  5. The unit has acknowledged Instruction No.

seamless inter-unit transfer of alcoholic beverages and avoids the burden of multiple State Excise permissions required in the Domestic Tariff Area (DTA). 5. The unit has acknowledged Instruction No. 117 issued by the Ministry of Commerce & Industry and has appreciated its objective of preventing misuse of inter-FTWZ transfers. 6. The unit has requested that bona fide and compliant entities such as theirs may be allowed to continue availing legitimate trade facilitation under the SEZ/FTWZ regime. 7. The unit has undertaken to comply with all conditions that may be imposed by the Approval Committee for the above movements. 8. The unit has also assured that end-to-end compliance will be maintained for all proposed activities, including on behalf of client units.

List of Goods proposed to be Transferred – Sr. No. HS Code Description 1. 22089011 Tequila 2. 22087011 Liqueurs 3. 22085011 Gin 4. 22042110 Port & Other Red Wines 5. 22041000 Sparkling Wine 6. 22042120 Sherry & Other White Wines 7. 22084011 Rum 8. 22042910 Other Red Wines 9. 22083012 Scotch (Under Whiskey) 10. 22086000 Vodka 11. 22082011 Brandy

Verification Report submitted by The Specified Officer, Arshiya SEZ – i. The Specified Officer, vide letter dated 21.11.2025, has submitted that their office has no objection to the movement of goods from Unit M/s Monika Alcobev Ltd., located at Arshiya FTWZ, to Unit M/s Awat Logistics Pvt. Ltd., Khurja FTWZ.

ed 21.11.2025, has submitted that their office has no objection to the movement of goods from Unit M/s Monika Alcobev Ltd., located at Arshiya FTWZ, to Unit M/s Awat Logistics Pvt. Ltd., Khurja FTWZ. The Specified Officer has also conveyed no objection to the transhipment of goods from Arshiya FTWZ to Khurja SEZ under preventive escorting of goods, as requested, subject to compliance with the necessary transhipment formalities as per the applicable Rules and procedures. ii. The Specified Officer, vide letter dated 21.11.2025, has submitted that their office has no objection to the movement of goods from Unit M/s Monika Alcobev Ltd., located at Arshiya FTWZ, to Unit M/s Sarveshwar located within JNPA SEZ. The Specified Officer has also conveyed no objection to the transhipment of goods from Arshiya FTWZ to JNPA SEZ under preventive escorting of goods, as requested, subject to compliance with the necessary transhipment formalities as per the applicable Rules and procedures.

Details/Documents submitted by Unit - a. Consent letter from M/s Awat Logistics Pvt. Ltd., Khurja FTWZ for accepting the said cargo. b. Consent letter from M/s Sarveshwar, JNPA SEZ for accepting the said cargo. c. Copy of request letter from client M/s. Monika Alcobev Limited for Transferring of their goods from Arshiya SEZ to Khurja FTWZ and JNPA SEZ.

M/s Sarveshwar, JNPA SEZ for accepting the said cargo. c. Copy of request letter from client M/s. Monika Alcobev Limited for Transferring of their goods from Arshiya SEZ to Khurja FTWZ and JNPA SEZ.

e. Recommendation: The Proposal for approval of Transfer of FTWZ Goods by M/s. Monika Alcobev Limited, Arshiya FTWZ to M/s Awat Logistics Pvt. Ltd., Khurja FTWZ and to M/s Sarveshwar, JNPA SEZ is submitted before the Approval Committee for consideration as per MOC&I Instruction No. 117 dated 24.09.2024 and Guidelines dated 04.11.2024 issued by this office.

Year Export F.E. OUTGO

Actual Raw Material (Goods/Services) C.G. Import Other Outflow Actual Projected Actual Actual 2023-24 95.55 91.89 0 0 0 2024-25 0 0 0 0 Total 95.55 91.89 0 0 0 Period Cumulative NFE Achieved Block period

a. Proposal : Monitoring of the performance of M/s. Om International, unit located in Arshiya-FTWZ for the period from F.Y. 2023-24 to F.Y. 2024-25. Monitoring of the performance of the unit for F.Y. 2023-24 to F.Y. 2024-25 in terms of Rule 54 of SEZ Rules, 2006. 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”. i. Approved Projections
(Rs.

Committee as per guidelines given in Annexure appended to these rules”. i. Approved Projections
(Rs. in Lakhs)

1st Year 2nd Year 3rd Year 4th Year 5th Year Total FOB value of export 174.72 190.32 205.92 221.52 237.12 1029.60 FE Outgo 168.00 183.00 198.00 213.00 228.00 990.00 NFE 6.72 7.32 7.92 8.52 9.12 39.60

ii. Performance during the block period F.Y. 2023-24 to F.Y. 2024-25 (Rs. In Lakhs)

iii. Cumulative NFE achieved during block period F.Y.2023-24 to F.Y.2024-25
(Rs. in Lakhs)

2023-24 (upto 26-08- 2023) 3.66 2018-19 to 2023-24 (upto 26-08-2023) Since 27-08-2023 to 2024-25 0 2023-24 to 2028-29

(IV) Whether the Unit achieved Positive NFE : Yes

(D) Other Information:

LOA No. & Date SEEPZ/NEWSEZ/ARSHIYA-RAIGAD/162/2018- 19/13199 DT.05-10-2023 Validity of LOA 26-08-2028 Item(s) of manufacture/ Services Trading & Warehousing Date of commencement of production 27-08-2018 Execution of BLUT YES Outstanding Rent dues NA Labour Dues NA Validity of Lease Agreement NA Pending CRA Objection, if any None Pending Show Cause Notice/ Eviction Order/Recovery Notice/ Recovery Order issued, if any None a. Projected employment for the block period b. No. of employees as on 31.03.2024 03

0 Area allotted (in sq.ft.) 100 Area available for each employee per sq.ft.

ecovery Order issued, if any None a. Projected employment for the block period b. No. of employees as on 31.03.2024 03

0 Area allotted (in sq.ft.) 100 Area available for each employee per sq.ft. basis) NA Investment till date

Building NA Plant & Machinery NA TOTAL NA Per Sq.ft. Export during the FY NA Quantity and value of goods exported under Rule 34 (Unutilized goods) NIL Value Addition during the monitoring period NA Whether all the APRs being considered now has been filed well within the time limit, or otherwise.

If no, details of the Year along with no of days delayed to be given. FY 2023-24, 340 days delayed FY 2024-25, 10 days delayed

(E) Reconciliation of Export & Import data.

a. EXPORT
(Rs.in lakhs)
ar/Period Figures reported in APR (FOB Value) Figures as per NSDL Data Difference if any Reason for Difference/Remark given by The Unit

23-24 95.55 95.55 0

24-25 0 0 0

b. IMPORT (Rs.

f any Reason for Difference/Remark given by The Unit

23-24 95.55 95.55 0

24-25 0 0 0

b. IMPORT (Rs. In Lakhs)
ar/Period Figures as per APR Figures as per NSDL Data Difference if any Reason for Difference/Remark given by The Unit 2023-24 91.89 87.65 4.24 Various service charges related to Labour, loading, un-loading, stuffing of containers, warehouse rents, transportation and freight & insurance – amount has been added by the unit in import column 2024-25 0 0 0

(F) Bond cum Legal Undertaking (BLUT) i Total Bond-Cum Legal Undertaking 11.20 Crores ii Remaining Value of BLUT given by entity at the start of the Financial Year. 11.20 crores iii Value of Additional Bond-cum-Legal Undertaking (BLUT) executed during the Financial Year.

None iv The duty forgone on Goods/ Services imported or procured during the Financial Year (should include the GST foregone on DTA procured goods/services) (Value in Rs. Lakhs) NA

v Remaining Value of BLUT as at the end of the Financial Year 11.20 Crores

(G) Details of pending Foreign Remittance beyond Permissible period, if any To cross-check the same and verify whether necessary permission from AD Bank / RBI has been obtained. Nil

r 11.20 Crores

(G) Details of pending Foreign Remittance beyond Permissible period, if any To cross-check the same and verify whether necessary permission from AD Bank / RBI has been obtained. Nil

(H) (a) 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.

Not applicable as FTWZ Unit (b) 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. Not applicable as FTWZ Unit (c) Whether unit has filed any request for Cancellation of Softex Not applicable as FTWZ Unit (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) Not applicable as FTWZ Unit (J) 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 (K) 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 Office. NA (L)

) 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 Office. NA (L) 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 (M) Details of the request IDs pending for OOC in respect of DTA procurement on the date of submission of monitoring report None (N) 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 (O) Whether any violation of any of the provisions of law has been noticed / observed by the Specified Officer during the period under monitoring No

P. Observations: The unit has achieved export revenue of Rs. 95.55 Lakhs during the period from F.Y.2023-24 to F.Y. 2024-25 as

served by the Specified Officer during the period under monitoring No

P. Observations: The unit has achieved export revenue of Rs. 95.55 Lakhs during the period from F.Y.2023-24 to F.Y. 2024-25 as

per the APR data given by the unit. The unit has achieved positive NFE during the block period. The unit has not filed all APRs for the 2 financial years on time. BLUT Balance could not be fetched from NSDL, as no transactions related to DTA Imports have been made by the Unit. The LOA of the unit was renewed from 27-08-2023 to 26-08-2028 and post renewal of the LOA of the unit w.e.f 27.08.2023, no export activities were carried out by them. Their FOB value of total export for the Block period 2018-19 to 2023-24 (upto 26-08-2023) is of Rs. 8.45 crore and they have achieved cumulative NFE of Rs. 26.29 lakhs for the said block period. The export performance of the unit is nil since 27-08-2023. Meanwhile, the unit has filed exit application and the same is under process in terms of Rule 74 of SEZ Rules 2006. The Unit has submitted the Annual Performance Report (APR) with a delay of 340 days for the Financial Year 2023–24 and a delay of 10 days for the Financial Year 2024–25. UAC may like to monitor the performance of the Unit for the period from F.Y. 2023-24 to F.Y.2024-25 in terms of Rule 54 of SEZ Rules, 2006.

e.

a delay of 10 days for the Financial Year 2024–25. UAC may like to monitor the performance of the Unit for the period from F.Y. 2023-24 to F.Y.2024-25 in terms of Rule 54 of SEZ Rules, 2006.

e. Recommendation: APRs submitted by the unit for the years 2023-24 to F.Y.2024-25. The unit has achieved Positive NFE on cumulative basis during the years 2023-24 to F.Y.2024-25 as per S.O. report. Recommended to Approval Committee for monitoring as per Rule 54 of SEZ Rules, 2006.

Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. Import Other Outflow Projected Actual Projected Actual Actual 2021-22 100.00 38.53 75.00 0.00

0 2.31 2022-23 150.00 72.72 112.50 11.58 0 2.30 2023-24 200.00 0.00 150.00 0.00 0 2.30 2024-25 250.00 94.00 187.50 09.20 0 2.30 Total 700.00 205.25 525.00 20.78 0 0 9.21 Year Cumulative NFE (Projected) Cumulative NFE Achieved Cumulative % NFE Achieved 2021-22 25.00 3.74 14.96 2022-23 62.50 34.82 55.71

a. Proposal : Monitoring of the performance of M/s. Shantilal C Mehta Shanparts Private Limited, unit located in Arshiya-FTWZ for the period from F.Y. 2021-22 to F.Y. 2024-25. Monitoring of the performance of the unit for F.Y. 2021-22 to F.Y. 2024-25 in terms of Rule 54 of SEZ Rules, 2006. 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”. i.

s, 2006. 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”. i. Approved Projections (Rs. in Lakhs)
1st Year 2nd Year 3rd Year 4th Year 5th Year Total FOB value of export 100.00 150.00 200.00 250.00 250.00 950.00 FE Outgo 75.00 112.50 150.00 187.50 235.00 760.00 NFE 25.00 37.50 50.00 62.50 15.00 190.00 ii. Performance as compared to projections during the block period F.Y. 2021-22 to F.Y. 2024-25

 (Rs. In Lakhs)

(III) Cumulative NFE achieved during block period F.Y. 2021-22 to F.Y.2024-25
(Rs. in Lakhs)

2023-24 112.50 32.52 28.91 2024-25 175.00 44.89 25.65

(IV) Whether the Unit achieved Positive NFE : Yes (D) Other Information: LOA No. & Date SEEPZ/NEWSEZ/ARSHIYA-RAIGAD/07/LOA- 07/2010-11/2583, dt 28.02.2011. Validity of LOA 09.06.2026 Item(s) of manufacture/ Services Trading Activities Date of commencement of production 10.06.2011 Execution of BLUT YES Outstanding Rent dues No Labour Dues No Validity of Lease Agreement Till validity of LOA Pending CRA Objection, if any No Pending Show Cause Notice/ Eviction Order/Recovery Notice/ Recovery Order issued, if any No a. Projected employment for the block period b. No.

t Till validity of LOA Pending CRA Objection, if any No Pending Show Cause Notice/ Eviction Order/Recovery Notice/ Recovery Order issued, if any No a. Projected employment for the block period b. No. of employees as on 31.03.2025 04

01 Area allotted (in sq.ft.) 100 Sq. ft. Area available for each employee per sq.ft. basis) NA Investment till date

Building NIL Plant & Machinery NIL TOTAL NIL Per Sq.ft. Export during the FY NA Quantity and value of goods exported under Rule 34 (Unutilized goods) NIL Value Addition during the monitoring period NA Whether all the APRs being considered now has been filed well within the time limit, or otherwise.

If no, details of the Year along with no of days delayed to be given. YES. From F.Y. 2021-22 to F.Y. 2024-25

(E) Reconciliation of Export & Import data. a. EXPORT
(Rs.in lakhs)

Year/Period Figures reported in APR (FOB Value) Figures as per NSDL Data Difference if any Reason for Difference/Remark given by The Unit

2021-22 38.53 38.53 0.00 Data is aligned with NSDL- SEZ portal.

2022-23 72.72 72.72 0.00

2023-24 0.00 0.00 0.00

2024-25 94.00 94.00 0.00

b. IMPORT (Rs.

nce/Remark given by The Unit

2021-22 38.53 38.53 0.00 Data is aligned with NSDL- SEZ portal.

2022-23 72.72 72.72 0.00

2023-24 0.00 0.00 0.00

2024-25 94.00 94.00 0.00

b. IMPORT (Rs. In Lakhs)
Year/Period Figures as per APR Figures as per NSDL Data Difference if any Reason for Difference/Remark given by The Unit 2021-22 0.00 0.00 0.00 Data is aligned with NSDL- SEZ portal. 2022-23 11.58 11.58 0.00 2023-24 0.00 0.00 0.00 2024-25 09.20 09.20 0.00

(F) Bond cum Legal Undertaking (BLUT) i Total Bond-Cum Legal Undertaking Rs. 3.05 Crores

ii Remaining Value of BLUT given by entity at the start of the Financial Year. There were no short of value of BLUT. iii Value of Additional Bond-cum-Legal Undertaking (BLUT) executed during the Financial Year. No. iv The duty forgone on Goods/ Services imported or procured during the Financial Year (should include the GST foregone on DTA procured goods/services) (Value in Rs. Lakhs)

2021-22 0.00 2022-23 3.86 2023-24 0.00 2024-25 3.06 v Remaining Value of BLUT as at the end of the Financial Year Rs. 298.08 Lakhs.

(G) Details of pending Foreign Remittance beyond Permissible period, if any To cross-check the same and verify whether necessary permission from AD Bank / RBI has been obtained. NIL (H) (a) Whether all softex has been filed for the said period.

ond Permissible period, if any To cross-check the same and verify whether necessary permission from AD Bank / RBI has been obtained. NIL (H) (a) 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. Not Applicable as FTWZ Unit (b) 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.

(c) Whether unit has filed any request for Cancellation of Softex (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) (J) 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 (K) 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 Office. NA (L) Whether unit has filed all DTA procurement w.r.t.

e said monitoring period under consideration has been filed by the unit and whether the same has been processed for approval by the SO Office. NA (L) 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 (M) Details of the request IDs pending for OOC in respect of DTA procurement on the date of submission of monitoring report None (N) 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 (O) Whether any violation of any of the provisions of law has been noticed / observed by the Specified Officer during the period under monitoring No

P. Observations: As per the verification report from Office of Specified Officer, Arshiya FTWZ, the unit has achieved export revenue of Rs. 205.52 Lakhs as against projected export of Rs. 700.00 Lakhs i.e. 29.36% during the period from F.Y. 2021- 22 to F.Y. 2024-25 as per the APR data given by the unit. The unit has achieved positive NFE during the block period. The unit has filed all APRs for the five year block on time. UAC may like to monitor the performance of the Unit for the period from F.Y. 2021-22 to F.Y. 2024-25 in terms of Rule 54 of SEZ Rules, 2006. e.

nit has filed all APRs for the five year block on time. UAC may like to monitor the performance of the Unit for the period from F.Y. 2021-22 to F.Y. 2024-25 in terms of Rule 54 of SEZ Rules, 2006. e. Recommendation: APRs submitted by the unit for the years 2021-22 to 2024-25. The unit has achieved Positive NFE of Rs. 44.89 Lakhs on cumulative basis during the years 2021-22 to

2024-25 as per S.O. report. Recommended to the Approval Committee for monitoring as per Rule 54 of SEZ Rules, 2006.

Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. Import Other Outflow Projected Actual Projected Actual Actual 2017-18 183.36 135.26 155.86 45.84 0 0 5.89 2018-19 198.00 73.83 168.30 117.36 0 9.45 2019-20 217.83 53.95 185.16 0.00 0 12.831 2020-21 239.62 43.50 203.68 0.00 0 11.24 2021-22 263.58 0.00 224.04 0.00 0 5.89 Total 1102.39 306.54 937.03 163.20 0 0 45.30

a. Proposal : Monitoring of the performance of M/s. S D Fine Chem Limited, unit located in Arshiya-FTWZ for the period from F.Y. 2017-18 to F.Y. 2021-22 (Monitoring block of five-years) and F.Y. 2022-23 to 2024-25 (Extended APR period). Monitoring of the performance of the unit for F.Y. 2017-18 to F.Y.

for the period from F.Y. 2017-18 to F.Y. 2021-22 (Monitoring block of five-years) and F.Y. 2022-23 to 2024-25 (Extended APR period). Monitoring of the performance of the unit for F.Y. 2017-18 to F.Y. 2021-22 (Monitoring block of five-years) and F.Y. 2022-23 to 2024-25 (Extended APR period) in terms of Rule 54 of SEZ Rules, 2006. 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”. i. Approved Projections (Rs. in Lakhs)
1st Year 2nd Year 3rd Year 4th Year 5th Year Total FOB value of export 183.36 198.00 217.83 239.62 263.58 1102.39 FE Outgo 155.86 168.30 185.16 203.68 224.04 937.03 NFE 27.50 29.70 32.67 35.94 39.54 165.36 ii. Performance as compared to projections during the block period F.Y. 2017-18 to F.Y. 2021-22 (Monitoring block of five-years)
(Rs. In Lakhs)

ii. Performance as compared to projections during the block period F.Y. 2017-18 to F.Y. 2021-22 (Monitoring block of five-years)
(Rs. In Lakhs)

Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. Import Other Outflow Projected Actual Projected Actual Actual 2022-23 0.00 7.67 0.00 0.00 0 0.00 6.58 2023-24 0.00 0.00 0.00 0.00 0.00 5.89 2024-25 0.00 19.91 0.00 0.00 0.00 5.89 Total 0.00 27.58 0.00 0.00 0 0.00 18.36 Year Cumulative NFE (Projected) Cumulative NFE Achieved Cumulative % NFE Achieved 2017-18 27.50 49.78 181.02 2018-19 57.20 81.82 143.04 2019-20 89.87 89.18 99.23 2020-21 125.81 58.86 46.78 2021-22 165.36 52.97 32.04

iii. Performance as compared to projections during the block period F.Y. 2022-23 to F.Y. 2024-25 (Extended APR Period)

(Rs. In Lakhs)

iv. Cumulative NFE achieved during block period 2017-18 to F.Y. 2021-22 (Monitoring block of five- years)
(Rs. in Lakhs)

(V) Whether the Unit achieved Positive NFE : Yes (D) Other Information: LOA No.

f five- years)
(Rs. in Lakhs)

(V) Whether the Unit achieved Positive NFE : Yes (D) Other Information: LOA No. & Date SEEPZ/NEWSEZ/ARSHIYA-RAIGAD/52/LOA- 53/2011-12/3121, dt 27.02.2012 Validity of LOA 30.11.2022 Item(s) of manufacture/ Services Trading Activities Date of commencement of production 01.12.2012 Execution of BLUT YES Outstanding Rent dues No Labour Dues No Validity of Lease Agreement Till validity of LOA Pending CRA Objection, if any No Pending Show Cause Notice/ Eviction Order/Recovery Notice/ Recovery Order issued, if any No a. Projected employment for the block period b. No. of employees as on 31.03.2025 02

02 Area allotted (in sq.ft.) 550 Sq. Ft. Area available for each employee per sq.ft. basis) NA

Investment till date

Building NIL Plant & Machinery NIL TOTAL NIL Per Sq.ft. Export during the FY NA Quantity and value of goods exported under Rule 34 (Unutilized goods) NIL Value Addition during the monitoring period NA Whether all the APRs being considered now has been filed well within the time limit, or otherwise.

If no, details of the Year along with no of days delayed to be given. YES. From F.Y. 2017-18 to F.Y. 2021-22 (Monitoring block of five-years) and F.Y. 2024-25 (Extended APR period)

(E) Reconciliation of Export & Import data. a.

g with no of days delayed to be given. YES. From F.Y. 2017-18 to F.Y. 2021-22 (Monitoring block of five-years) and F.Y. 2024-25 (Extended APR period)

(E) Reconciliation of Export & Import data. a. EXPORT
(Rs.in lakhs)
Year/Period Figures reported in APR (FOB Value) Figures as per NSDL Data Difference if any Reason for Difference/Remark given by The Unit

2017-18 135.26 135.26 0.00 Data is aligned with NSDL- SEZ portal.

2018-19 73.83 73.83 0.00

2019-20 53.95 53.95 0.00

2020-21 43.50 43.50 0.00

2021-22 0.00 0.00 0.00

b. IMPORT (Rs. In Lakhs)
Year/Period Figures as per APR Figures as per NSDL Data Difference if any Reason for Difference/Remark given by The Unit 2017-18 45.84 45.84 0.00 Data is aligned with NSDL- SEZ portal. 2018-19 117.36 117.36 0.00 2019-20 0.00 0.00 0.00 2020-21 0.00 0.00 0.00 2021-22 0.00 0.00 0.00

(F) Bond cum Legal Undertaking (BLUT) i Total Bond-Cum Legal Undertaking Rs. 3.00 Crores

tal. 2018-19 117.36 117.36 0.00 2019-20 0.00 0.00 0.00 2020-21 0.00 0.00 0.00 2021-22 0.00 0.00 0.00

(F) Bond cum Legal Undertaking (BLUT) i Total Bond-Cum Legal Undertaking Rs. 3.00 Crores

ii Remaining Value of BLUT given by entity at the start of the Financial Year. There were no short of value of BLUT.

iii Value of Additional Bond-cum-Legal Undertaking (BLUT) executed during the Financial Year.

No. iv The duty forgone on Goods/ Services imported or procured during the Financial Year (should include the GST foregone on DTA procured goods/services) 2017-18 13.75 2018-19 35.21 2019-20 0.00 2020-21 0.00 2021-22 0.00 v Remaining Value of BLUT as at the end of the Financial Year Rs. 2.51 Cr.

(G) Details of pending Foreign Remittance beyond Permissible period, if any To cross-check the same and verify whether necessary permission from AD Bank / RBI has been obtained. NIL (H) (a) 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. (b) 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. (c) Whether unit has filed any request for Cancellation of Softex (I) Whether any Services provided in DTA / SEZ/EOU/STPI etc. against payment in INR in r/o IT/ITES Unit during the period.

pendency. (c) Whether unit has filed any request for Cancellation of Softex (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) (J) 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 (K) 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 Office. NA (L) 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 N.A. (M) Details of the request IDs pending for OOC in respect of DTA procurement on the date of submission of monitoring report None

itoring period for the relevant period. If no, details thereof N.A. (M) Details of the request IDs pending for OOC in respect of DTA procurement on the date of submission of monitoring report None

(N) 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 (O) Whether any violation of any of the provisions of law has been noticed / observed by the Specified Officer during the period under monitoring No

P. Observations: The unit has achieved export revenue of Rs. 306.54 Lakhs as against projected export of Rs. 1102.39 Lakhs i.e. 27.81% during the period from F.Y. 2017-18 to F.Y. 2021-22 (Monitoring block of five-years) as per the APR data. The unit has achieved positive NFE during the block period from F.Y. 2017-18 to F.Y. 2021-22 (Monitoring block of five-years). The unit has filed all APRs for the five year block on time. UAC may like to monitor the performance of the Unit for the period from F.Y. 2017-18 to F.Y. 2021-22 (Monitoring block of five-years) and F.Y. 2022-23 to 2024-25 (Extended APR period) in terms of Rule 54 of SEZ Rules, 2006.

As per office records, the following facts emerge:

  1. The Letter of Approval (LOA) issued to the unit was valid up to 30.11.2022.

24-25 (Extended APR period) in terms of Rule 54 of SEZ Rules, 2006.

As per office records, the following facts emerge:

  1. The Letter of Approval (LOA) issued to the unit was valid up to 30.11.2022. No application for renewal/extension of the LOA was received from the unit within the validity period.
  2. Subsequently, the unit vide its letter dated 02.02.2024 requested grant of a temporary extension of the LOA. In the said letter, the unit cited reshuffling of staff, changes in business strategy, and disruption caused due to the COVID-19 pandemic as reasons for not filing the application for extension of the LOA for a further period of five years within the prescribed time.
  3. After examination of the request, the Competent Authority, vide order dated 06.09.2024, granted a temporary extension for a period of one month to the unit, exclusively for the purpose of clearing the goods lying in the unit.
  4. Thereafter, the unit vide letter dated 28.03.2025 applied for exit from the SEZ Scheme. However, the exit proposal is still under process as the unit has not complied with the requisite details/documents as prescribed under the SEZ Rules.

e. Recommendation: APRs submitted by the unit for the F.Y. 2017-18 to F.Y. 2021-22 (Monitoring block of five-years) and F.Y. 2022-23 to 2024-25 (Extended APR period). The unit has achieved Positive NFE of Rs. 52.97 Lakhs on cumulative basis during the years 2017-18 to F.Y. 2021-22 as per S.O. report. Recommended to Approval Committee for monitoring as per Rule 54 of SEZ Rules, 2006.

sis during the years 2017-18 to F.Y. 2021-22 as per S.O. report. Recommended to Approval Committee for monitoring as per Rule 54 of SEZ Rules, 2006.

Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. Import Other Outflow Projected Actual Projected Actual Actual 2020-21 2579.58 8787.69 2106.23 2361.44 0.00 0.00 0.00 Total 2579.58 8787.69 2106.23 2361.44 0.00 0.00 0.00

a. Proposal : Monitoring Performance of the unit M/s. Monika Alcobev Limited for the 5 th year i.e. F.Y. 2020-21 of 1st Block (2016-17 to 2020-21) & 2021 -22 to 2024-25 of 2nd Block (2021 -22 to 2025-26) located at Arshiya-FTWZ. Monitoring Performance of the unit for the 5th year i.e. F.Y. 2020-21 of 1st Block (2016-17 to 2020-21) & 2021-22 to 2024-25 of 2nd Block (2021 -22 to 2025-26) in terms of Rule 54 of SEZ Rules, 2006. 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” i. Approved Projections (1 st Block Period) (Rs. in Lakhs)
2016-17 2017-18 2018-19 2019-20 2020-21 Total FOB value of export 1387.80 1493.10 1791.72 2149.74 2579.58 9401.94 FE Outgo 1130.22 1216.13 1424.68 1709.82 2106.23 7587.08 NFE 257.58 276.97 367.04 439.92 473.35 1814.86

ii.

2019-20 2020-21 Total FOB value of export 1387.80 1493.10 1791.72 2149.74 2579.58 9401.94 FE Outgo 1130.22 1216.13 1424.68 1709.82 2106.23 7587.08 NFE 257.58 276.97 367.04 439.92 473.35 1814.86

ii. Approved Projections (2 nd Block Period) (Rs. in Lakhs)
2021-22 2022-23 2023-24 2024-25 2025-26 Total FOB value of export 5940.00 6237.00 6860.70 7546.80 8301.40 34885.90 FE Outgo 5400.00 5940.00 6534.00 7187.40 7906.10 32967.50 NFE 540.00 297.00 326.70 359.40 395.30 1918.40

iii. Performance as compared to projections : a) F.Y. 2020-21, 5th year of 1st block (2016-17 to 2020-21)
(Rs. In Lakhs)

Year Export F.E. OUTGO

Projected

Actual Raw Material (Goods/Services) C.G. Import Other Outflow Projected Actual Projected Actual Actual 2021-22 5940.00 2613.95 5400.00 2463.70

0 0 2022-23 6237.00 5217.07 5940.00 4778.96 0 0 2023-24 6860.70 4381.06 6534.00 9208.91 0 0 2024-25 7546.80 8756.90 7187.40 15860.09

0 0 Total 26584.50 20968.98 25061.40 32311.66 0 0 0 Year Cumulative NFE (Projected) Cumulative NFE Achieved % NFE Achieved 2020-21 1814.86 17999.12 991.76 Year Cumulative NFE (Projected) Cumulative NFE Achieved % NFE Achieved 2021-22 540.00 (1073.76) (198.84) 2022-23 837.00 974.70 116.45 2023-24 1163.70 2774.66 238.40 2024-25 1523.10 3127.77 205.34

b) F.Y. 2021-22 to 2024-25, of 2nd block (2021-22 to 2025-26)
(Rs. In Lakhs)

iv.

023-24 1163.70 2774.66 238.40 2024-25 1523.10 3127.77 205.34

b) F.Y. 2021-22 to 2024-25, of 2nd block (2021-22 to 2025-26)
(Rs. In Lakhs)

iv. Cumulative NFE achieved : a) During 5th year i.e. F.Y. 2020-21 of 1 st block (2016-17 to 2020-21)
(Rs. In Lakhs)

b) During F.Y. 2021-22 to 2024-25, of 2nd block (2021-22 to 2025-26)
(Rs. In Lakhs)

(IV) Whether the Unit achieved Positive NFE : Yes

(D) Other Information:

LOA No. & Date SEEPZ- SEZ/NEWSEZ/ARSHIYARAIGAD/116/2015- 16/18499, Dated 04/12/2015 Validity of LOA 08.03.2026 Item(s) of manufacture/ Services Trading Activities Date of commencement of production 09.03.2016 Execution of BLUT YES Outstanding Rent dues No Labour Dues No Validity of Lease Agreement Till validity of LOA Pending CRA Objection, if any No

tivities Date of commencement of production 09.03.2016 Execution of BLUT YES Outstanding Rent dues No Labour Dues No Validity of Lease Agreement Till validity of LOA Pending CRA Objection, if any No

Pending Show Cause Notice/ Eviction Order/Recovery Notice/ Recovery Order issued, if any No a. Projected employment for the block period b. No. of employees as on 31.03.2024 20

24 Area allotted (in sq.ft.) 500 Sq. ft. Area available for each employee per sq.ft. basis) NA Investment till date

Building NIL Plant & Machinery NIL TOTAL NIL Per Sq.ft. Export during the FY NA Quantity and value of goods exported under Rule 34 (Unutilized goods) NIL Value Addition during the monitoring period NA Whether all the APRs being considered now has been filed well within the time limit, or otherwise.

If no, details of the Year along with no of days delayed to be given. YES. From F.Y. 2020-21 to F.Y. 2024-25

(E) Reconciliation of Export & Import data. a. EXPORT (Rs.in lakhs)

Year/ eriod Figures reported in APR (FOB Value) Figures as per NSDL Data Difference if any Reason for Difference/Remark given by The Unit

20-21 8787.69 8758.50 29.19

  1. Exports at year-end are recorded in APR based on invoice date, whereas corresponding Shipping Bills are filed in the subsequent financial year, leading to timing differences with NSDL data.

19

  1. Exports at year-end are recorded in APR based on invoice date, whereas corresponding Shipping Bills are filed in the subsequent financial year, leading to timing differences with NSDL data.
  2. Variation arises due to difference between exchange rate adopted in APR and Customs-notified exchange rate used in NSDL/ICEGATE.

21-22 2613.95 2605.37 8.58

  1. Variation arises due to difference between exchange rate adopted in APR and Customs-notified exchange rate used in N SDL/ICEGATE.

22-23 5217.07 4541.08 675.99

  1. Exports at year-end are recorded in APR based on invoice date, whereas corresponding Shipping Bills are filed in the subsequent financial year, leading to timing differences with NSDL data.
  2. Variation arises due to difference between exchange rate adopted in APR and Customs-notified exchange rate used in N SDL/ICEGATE.
  3. APR export figures include credit notes and commercial adjustments issued to customers, which are not captured in NSDL/Customs trade data.

nd Customs-notified exchange rate used in N SDL/ICEGATE. 3. APR export figures include credit notes and commercial adjustments issued to customers, which are not captured in NSDL/Customs trade data.

23-24 4381.06 3935.68 445.38

  1. Exports at year-end are recorded in APR based on invoice date, whereas corresponding Shipping Bills are filed in the subsequent financial year, leading to timing differences with NSDL data.
  2. Variation arises due to difference between exchange rate adopted in APR and Customs-notified exchange rate used in N SDL/ICEGATE.
  3. APR export figures include credit notes and commercial adjustments issued to customers, which are not captured in NSDL/Customs trade data.

24-25 8756.90 6483.22 2273.68 1. Post introduction of ICEGATE, most export transactions are processed through the ICEGATE system, while APR data is prepared based on internal records, resulting in data variance between APR and N SDL figures 2. Variation arises due to difference between exchange rate adopted in APR and Customs-notified exchange rate used in N SDL/ICEGATE.

Year/ eriod Figures reported in APR (FOB Value) Figures as per NSDL Data Difference if any Reason for Difference/Remark given by The Unit

b. IMPORT (Rs.

nge rate used in N SDL/ICEGATE.

Year/ eriod Figures reported in APR (FOB Value) Figures as per NSDL Data Difference if any Reason for Difference/Remark given by The Unit

b. IMPORT (Rs. In Lakhs)
ar/Period Figures as per APR Figures as per NSDL Data Difference if any Reason for Difference/Remark given by The Unit 2020-21 2361.44 2361.44 0.00

2021-22 2463.70 2463.39 0.31 Variation arises due to difference between exchange rate adopted in APR and Customs notified exchange rate used in NSDL/ICEGATE. 2022-23 4778.96 4778.96 0.00

2023-24 9208.91 9208.91 0.00

2024-25 15860.09 2407.68 13452.41 1. Post introduction of ICEGATE, most export transactions are processed through the ICEGATE system, while APR data is prepared based on internal records, resulting in data variance between APR and N SDL figures 2. Variation arises due to difference between exchange rate adopted in APR and Customs-notified exchange rate used in N SDL/ICEGATE.

(F) Bond cum Legal Undertaking (BLUT) i Total Bond-Cum Legal Undertaking Rs. 494.51 Crores ii Remaining Value of BLUT given by entity at the start of the Financial Year. There were no short of value of BLUT. iii Value of Additional Bond-cum-Legal Undertaking (BLUT) executed during the Financial Year. Rs. 900.09 Crores iv The duty forgone on Goods/ Services imported or procured during the Financial Year (should include the GST foregone on DTA procured goods/services) (Value 2020-21 13181.54 2021-22 3920.925

Crores iv The duty forgone on Goods/ Services imported or procured during the Financial Year (should include the GST foregone on DTA procured goods/services) (Value 2020-21 13181.54 2021-22 3920.925

in Rs. Lakhs) 2022-23 7825.605 2023-24 6947.88 2024-25 23790.14 v Remaining Value of BLUT as at the end of the Financial Year Rs. 83793.92 Lakhs.

(G) Details of pending Foreign Remittance beyond Permissible period, if any To cross-check the same and verify whether necessary permission from AD Bank / RBI has been obtained. NIL (H) (a) 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. (b) 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. (c) Whether unit has filed any request for Cancellation of Softex (I) Whether any Services provided in DTA / SEZ/EOU/STPI etc. against payment in INR in r/o IT/ITES Unit during the period.

pendency. (c) Whether unit has filed any request for Cancellation of Softex (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) (J) 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 (K) 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 Office. NA (L) 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 (M) Details of the request IDs pending for OOC in respect of DTA procurement on the date of submission of monitoring report None

toring period for the relevant period.

If no, details thereof Yes (M) Details of the request IDs pending for OOC in respect of DTA procurement on the date of submission of monitoring report None

(N) 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 (O) Whether any violation of any of the provisions of law has been noticed / observed by the Specified Officer during the period under monitoring No P. Observations:

  1. This scrutiny is 5th year i.e. F.Y. 2020-21 of 1st Block (2016-17 to 2020-21) & 4 years i.e. from F.Y. 202 1-22 to F.Y. 20 24-25 of 2nd Block (2 021 -22 to 2025-26)
  2. The unit has achieved export revenue of Rs. 8787.69 Lacs as against projected export of Rs. 2579.58 Lacs i.e. 340.70% during 5th year i.e. F.Y. 2020-21 of 1st Block (2016 -17 to 2020-21) as per the APR data given by the unit.
  3. The unit has achieved export revenue of Rs. 20968.98 Lacs as against projected export of Rs. 26584.50 Lacs i.e. 78.87% during F.Y. 2021 -22 to F.Y. 2024 -25 of 2nd Block (2021-22 to 2025-26) as per the APR data given by the unit.
  4. The unit has achieved positive cumulative NFE of Rs. 179 99.12 Lacs during 5th year i.e. F.Y. 2020-21 of 1st Block (2016-17 to 2020 -21)

21-22 to 2025-26) as per the APR data given by the unit. 4. The unit has achieved positive cumulative NFE of Rs. 179 99.12 Lacs during 5th year i.e. F.Y. 2020-21 of 1st Block (2016-17 to 2020 -21) 5. The unit has achieved positive cumulative NFE of Rs. 3127.77 Lacs during F.Y. 2021-22 to F.Y. 2024-25 of 2nd Block (2021-22 to 2025-26) 6. The unit in the APR for the F.Y. 2024 -25, mentioned that the Closing Balance of Raw Materials till 31.03.2025 is Rs.12404.29 Lacs 7. The unit has achieved positive NFE during the said periods. 8. The unit has filed all APRs for the said periods. For 2020-21 – 8 8 days late (Submitted on 28 .0 3.202 2) For 2021-22 – Within Stipulated Tim e Period (Submitted on 29.09.2022) For 2022-23 – 66 days late (Submitted on 06.12.2023) For 2023-24 - 80 days late (Submitted on 20.12.2024) For 2024-25 - Within Stipulated Time Period (Submitted on 23.12.2025) 9. As per the SO report at Point No. (E) regarding the Reconciliation of Export & Import Data, the export figure reported in the APR (FOB Value) for the year 2023-24 is mentioned as 4631.92. In this regard, please re-verify the export value for the year 2023-24.
e. Recommendation: APRs submitted by the unit for the F.Y. 2020-21 of 1st Block (2016-17 to 2020-21) & 2021 -22 to 2024-25 of 2nd Block (2021 -22 to 2025-26). The unit has achieved Positive NFE of Rs. 3127.77 Lakhs on cumulative basis during the F.Y. 2020-21 of 1st Block (2016-17 to 2020-21) & 2021 -22 to 2024-25 of 2nd Block (2021 -22 to 2025-26) as per S.O.

unit has achieved Positive NFE of Rs. 3127.77 Lakhs on cumulative basis during the F.Y. 2020-21 of 1st Block (2016-17 to 2020-21) & 2021 -22 to 2024-25 of 2nd Block (2021 -22 to 2025-26) as per S.O. report. Recommended to Approval Committee for monitoring as per Rule 54 of SEZ Rules, 2006.

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