Minutes of the Approval Committee meeting of SEEPZ-SEZ held on 29.07.2022

File No.S-SEZ-11/11/2021-SEEPZ-SEZ MINUTES OF THE MEETING OF THE APPROVAL COMMITTEE FOR SEEPZ SEZ HELD UNDER THE CHAIRMANSHIP OF DEVELOPMENT COMMISSIONER ON 29% JULY 2022 THROUGH VIDEO CONFERENCING.

1. Name of SEZ } -SEEPZ; SEZ
2. Meeting No. ; 1650
3. Date : 29th July 2022 Members Present: Sr. | Name of Members Designation Organization No.

Shri. C. P.S. Chauhan Jt. DevelopmentSEEPZ-SEZ. ‘commissioner, 2 Shri. Rignesh Das Addl. CommissionerINominee of Income Tax office, Kautilya Income Tax Bhawan, Bandra, Mumbai. 3 Shri. Premchandran[Dy. DGFT ominee of the DGFT, Mumbai. INair 4 Smt. Kirti Deshmukh [Deputy DirectorINominee of Directorate of Industries, Inspector IMumbai. 5 |Dr. M. Prabhakar Asstt. Commissioner[Nominee of Commissioner of Customs, lustoms eneral, Air Cargo, Sahar lui Shri. — Indrajeet/Field Officer INominee of MPCB, Mumbai. [Deshmukh Special Invitee:-_

1. Shri. Anil Chaudhary, Specified Officer, SEEPZ SEZ Shri. Praveen Kumar, Sr. Authorised Officer/ADC I/c (SEEPZ SEZ), Shri. Ranjit Rawool, Sr. Authorised Officer/ADC I/c (New SEZ), Smt. Bridget Joe, EA to Development Commissioner/Estate Manager, Smt. Rekha Nair, Assistant and Sh. Rajesh Kumar, UDC also attended for assistance and smooth functioning of the meeting. Agenda Item No. 01:- Confirmation of the Minutes of the 164th Meeting held on 30.06.2022 The Minutes of the meeting held on 30.06.2022 were confirmed with consensus. Agenda Item No. 02 :-Application received Permission for Third Party Repair - Mss. Livingstones Jewellery Pot. Ltd., The unit has submitted the application for Permission for Third Party Repair for manufacture and export of Plain & Studded Gold/ Platinum/ Silver Jewellery, Plain & Studded Palladium

Jewellery etc.. The details are as under :- Sr. No. Description of Items Quantity PA Labour Charges in USD Plain & Studded Gold/ Platinum/ Silver jewellery, Plain & Studded Palladium Jewellery etc.. 2000 Pieces/ Approx. Rs. 50,000/- Approx. Projections:-_ SL No Description Approved Projection For Five Year 2019-20 to 2023-24 (US$1= Rs.70/- Approved Projection for 2 Years 2022-23 & 2023-24 Proposed for 2 years 2022-23 & 2023-24 (1US$ = Rs. 75) Rs. In Lakhs Rs. In Lakhs Rs.In_ | US'000 Lakhs IFOB value of exports 5,813.00 2496.00 7534.00 | 10045.33 import of Machinery 149.00 66.00 66.00 88.00 import of Raw Material and components 3733.45 1622.40 5812.00] 7749.33 IDamaged Broken & Semi finished Jewellery for| remaking, Repair & Third party repair 539.43 | 718.66 Import of & lonsumables Spares 111.84 48.67 43.00 w Ww oI Ni Repatriation of dividends foreign collaborates ‘echnical Fees IT Support उाव्Rग॒क Design & Drawing fees Payment on training of Indian ech. abroad nL. Interest on purchase 12. [Foreign Travel- own sales engineer 113 ravelling of Mr Volker Bruck 14. [Daily allowance to Mr Volker’ Bruck pes Hotel Bills to Mr Volker Bruck 16. Foreign Travels 144.30 69.30 LA Amount of interest to be paid on IECB 169.26 80.29 18. Dividends 19. Any other payment (Exhibitions of Bank charges) 108.23 51.98 20. otal 4416.08 1939.64 6611.00 8814.66 par INFE 1369.92 556.36: 923.00] 1230.66

° There is change in the projections for third party repair Decision : After deliberation, the Committee approved the proposal of the unit for Permission for Third Party repair for manufacture and export of Plain & Studded Gold/ Platinum/ Silver Jewellery, Plain & Studded Palladium Jewellery etc. with mid-term revision of projection for 2 years in terms of Instructions no. 51 dated 25.03.2010 and Public Notice no 01/2010 dt. 08.04.2010 & corrigendum dt. 26.04.2010. Agenda Item No. 03 :-Application for Change in Shareholding Pattern and Change of Directors of the Company- M/s. Renaissance Global Ltd Unit-I M/s. Renaissance Global Ltd Unit-I, have submitted the application for Change in Shareholding Pattern and Change of Directors of the Company : LIST OF DIRECTORS Sr. | List of Directors before Change in Shareholding |List of Directors after Change in Shareholding No. Pattern 13.12.2021 Pattern 31.03.2022 Name of Director | Designation DIN — | Name of Director | Designation DIN 4, Mr. Niranjan Executive 00036439 | Mr.Darshil Atul Executive | 08030313 Amratlal Shah Chairman Shah Director 2. |Mr. Sumit Niranjan | Vice Chairman | 00036387 Mr. Sumit Vice Chairman | 00036387 Shah Niranjan Shah 3. Mr. Hitesh Managing 00036338 Mr. Hitesh Managing 0036338 Mahendra Shah Director Mahendra Shah Director 4. | Mr. Neville] Executive 00036648 |Mr. Neville Rustom|Executive 00036648 Rustom Tata Manager ata Manager 5. | Mr. Arun|Independent 03092215 |Mr. Arun[Independent 03092215 Purushottam [Director [Purushottam Sathe [Director Sathe a Mr. Veerkumar|Independent 00129379 |Mr. Veerkumar|Independent (00129379 Chhotalal Shah [Director hhotalal Shah Director 7. | Mr. Vishwas|Independent 00094468 |Mr. Vishwas|Independent 00094468 Vasudev [Director asudev [Director Mehendale Aehendale

• | Dr. Madhavi oo 5210916 Dr. Madhavillndependent 05210916 Sanjeev Pethe irector Sanjeev Pethe [Director = There is change in the Directors of the Company LIST OF SHAREHOLDING PATTERN List of Shareholding Pattern of the company as on|List of Shareholding Pattern of the company as on 30.09.2021 1.03.2022

Name Jo of % Share |\Name 0 of % Share Shares apital hares apital A. RGL Promoters | | | | A. RGL Promoters | | | | Sumit Niranjan Shah 4128037 21.87... |Anived Family Trust 4128037 21.87 Niranjan Amritlal Shah 641409 3.40 Niranjan Amritlal Shah | 641409 3.40 Hitesh Mahendra Shah | 1335958 7.08 IHitesh Mahendra Shah 1335958 7.08 Bhupen Chandrakant| 667979 3.54 Bhupen Chandrakant| 667979 3.54 Shah Shah Pinky Dhiren Shah 1068766 5.66 [Pinky Dhiren Shah 1068766 5.66 Niranjan Family Private Niranjan Family Private Trust Trust 2580112 13.67 2580112 13.67 Kothari Descendents Kothari Descendents Private Trust 2671916 14.15 [Private Trust 2671916 14.15 Reena Ahuja 268000 142 |Reena Ahuja 268000 1.42 A. RGL Promoters 13362177 70.78 (A) RGL Promoters 13362177 70.78 8. Public | 5320887 28.18 B. Public 5517263 29.22 C. Non Promoters 196376 1.04 (C)Non Promoters जिbम | Non public INon public Total Issued Share| 18879440 | 100.00 otal Issued Share| 18879440 100.00 (A+B+C) (A+B+C) Decision : After deliberation, the Committee approved the proposal of the unit for change in shareholding pattern and change in Directors of the company in terms of Instructions no. 109 dated 18.10.2021. Further, the Committee also directed the Unit to comply with the following safeguards in terms of Instruction no. 109, dated 18.10.2021:-

1. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity.
2. Fulfillment of all eligibility criteria applicable, including security clearances etc, by the altered entity and its constituents.
3. Applicability of and compliance with all Revenue/Company Affairs/SEBI etc. Acts/Rules which regulate issues like capital gains, equity change, transfer, taxability etc.
4. Full financial details relating to change in equity /merger, demerger, amalgamation or transfer in ownerships etc. shall be furnished immediately to Member (IT&R), CBDT, Department of Revenue and to the jurisdictional Authority.
5. The Assessing Officer shall have the right to assess the taxability of the gain/loss arising out of the transfer of equity or merger demerger, amalgamation, transfer and ownerships etc. as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act,
7. The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable.
8. The applicant shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT.
9. The applicant shall be recognized by the new name or such arrangement in all the records.

Agenda Item No. 04 :-Application for Change in the Directors and Change in Shareholding Pattern - M/s. Indojewel Jewellery Put Ltd. The unit had submitted the application for Change in the Directors and Change in Shareholding Pattern, the following details are:. LIST OF DIRECTORS Sr. List of before Change in Directors of the List of after Change in Directors of the No. company company Name of Director Designation| DIN Name of Director Designation| DIN 1. | Mehul Navinchandra | Director |00368819 | Mehul Navinchandra | Director |00368819 Shah Shah 2. | Nikhil Navinchandra | Director |00645613 Alay Parikh Director 07516306 Shah 3. |Chiragkumar Bakulbhai| Director 07984989 |Chiragkumar Bakulbhai| Director |07984989 Limbasiya Limbasiya 4. Karandeep Kawaljit | Director |08437977 | Karandeep Kawaljit | Director |08437977 Singh Singh * It is seen that there is a change in the Directorship LIST OF SHAREHOLDING PATTERN Sr. List of before Change in Shareholding List of after Change in Shareholding Pattern No. Pattern Full Name No of % Full Name No of Equity % Equity Shares Shares 1. Nikhil Navinchandra 5000 83.33% | Nouveau Diamonds 7276 48.51% Shah LLP 2. | Nishita Navinchandra 5000 3.33% | Mehul Navinchnadra 5000 B3.33% Shah Shah 3: Mehul Navinchnadra 5000 53.33% | Nikhil Navinchandra 2,650 7.67% Shah Shah Total 15000 1000 |Nouveau Jewellery LLP 74 0.49% Total 15000 100

Itis seen that there is a change in the shareholding pattern Decision: After deliberation, the Committee deferred the proposal of the unit for change in shareholding pattern and change in directors of the company from M/s. Indojewel Jewellery Pvt. Lid. The Committee also directed the Unit to execute the sub-lease agreement in terms of proviso of Rule 18 (2) of SEZ Rules 2006 and also pay the rental dues at the earliest. Agenda Item No. 05 :- Monitoring of Performance of M/s. Allied Digital Services Ltd. (Unit no. 405). The unit has submitted the APR for the period 2020-21 duly certified by Chartered Accountant. The export and import data for the period 2020-21 was retrieved from NSDL for cross verification with data submitted by them in the APR and same has been found satisfactory. Decision:- After deliberation, the Committee noted the performance of the unit for the period 2020-21, as the Unit had achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules 2006. Agenda Item No. 06:- Monitoring of Performance of M/s. Allied Digital Services Ltd. (Unit no. 406). The unit has submitted the APR for the period 2019-20 & 2020-21 duly certified by Chartered Accountant. The export and import data for the period 2019-20 & 2020-21 was retrieved from NSDL for cross verification with data submitted by them in the APR and same has been found satisfactory. Decision:- After deliberation, the Committee noted the performance of the unit for the period 2019-20 & 2020-21, as the Unit had achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules 2006. Agenda Item No. 07:- Monitoring of Performance of M/s. Charisma Jewellery Pvt. Lid. Decision:- After deliberation, the Committee noted the performance of the unit for the period 2020-21, as the Unit had achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules 2006. Agenda Item No. 08:- Monitoring of Performance of M/s. Indigo Jewellery (India) Mfg. Pot. Ltd. Unit-IT The unit has submitted the APR for the period 2015-16 to 2020-21 duly certified by Chartered Accountant. The export and import data for the period 2015-16 to 2020-21 was retrieved from NSDL for cross verification with data submitted by them in the APR and same has been found satisfactory. Decision:- After deliberation, the Committee noted NIL performance of the unit for the period 2015-16 to 2020-21, as the Unit has applied for exit from SEZ scheme. Agenda Item No. 09:- Monitoring of Performance of M/s. Suashish Diamonds Ltd. Decision:- After deliberation, the Committee noted the performance of the unit for the period 2020-21, as the Unit had achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules 2006.

Agenda Item No. 10: Monitoring of Performance of M/s. Datamatics Global Services Ltd Unit-I. The unit has submitted the APR for the period 2019-20 duly certified by Chartered Accountant. The export and import data for the period 2019-20 was retrieved from NSDL for cross Decision :- After deliberation, the Committee noted the performance of the unit for the period 2019- 20, as the unit has achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules, 2006. The Committee also directed :- * The Unit to clear the Outstanding Rental dues Rs. 15,64,784/- as on 18.07.2022 Agenda Item No. 11: Monitoring of Performance of M/s. Sidd’s Jewels Pot. Ltd. The unit has submitted the APR for the period 2019-20 duly certified by Chartered Accountant. The export and import data for the period 2019-20 was retrieved from NSDL for cross Decision :- After deliberation, the Committee noted the performance of the unit for the period 2019- 20, as the unit has achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules, 2006. * The Unit to pay the Outstanding Rental dues by 15.08.2022 * Specified Officer to monitor Pending foreign exchange realization. Agenda Item No. 12: Monitoring of Performance of M/s. Steckbeck Jewellery Pvt. Ltd. Decision :- After deliberation, the Committee noted the performance of the unit for the period 2020- 21, as the unit has achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules, 2006. * Unit to expedite the execution of sub-lease agreement * SO to initiate action on issuance of Show cause notice for delay in submission of APR. Agenda Item No. 13: Monitoring of Performance of M/s. Infinia Jewel Designs ELP. Decision :- After deliberation, the Committee noted the performance of the unit for the period 2020- 21, as the unit has achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules, 2006. * Specified Officer to initiate action on issuance of Show cause notice for Insufficient BLUT

balance ° Estate Manager to inspect the premises and examine the outstanding dues, if any. Agenda Item No. 14: Monitoring of Performance of M/s. Goldiam Jewellery Limited. Decision :- After deliberation, the Committee noted the performance of the unit for the period 2020- 21, as the unit has achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules, 2006. * Unit to initiate action for clearance of pending foreign exchange realization within 3. months time * SO to monitor the pending foreign exchange realization. Agenda Item No. 15: Monitoring of Performance of M/s. Vishay Semiconductor India Pot. Ltd. Decision :- After deliberation, the Committee noted the performance of the unit for the period 2020- 21, as the unit has achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules, 2006. * Specified Officer to issue Show cause notice for delay in submission of APR. Agenda Item No. 16: Monitoring of Performance of M/s. Finacus Solutions Pot. Ltd. Decision :- After deliberation, the Committee noted the performance of the unit for the period 2020- 21, as the unit has achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules, 2006. ° Unit to clear the outstanding dues immediately * Specified Officer to issue Show cause notice for delay in APR Submission and insufficient balance in the BLUT. SUPPLEMENTARY AGENDA: Agenda Item No. 01:- Application for Change of Entrepreneurship and transfer of Assets and Liabilities in terms of Rule 74A - M/s. Directi Web Services Pot. Lid.,

M/s. Directi Web Services Pvt. Ltd., has submitted the application for taking over of Assets and Liabilities by M/s KBS in terms of Rule 19 (2) read with 74A and Rule 74 of SEZ Rules 2006 and the details are as under :- LIST OF DIRECTORS/PARTNERS :- Sr. No. M/s. Directi Web Services Put. Ltd M/s. KBS Creations Name of Directors Designation Name of Partners Designation a Mahendra Dipchand Turakhia Director Kunal Nilkunj Shah Partners 2: Priya Mahendra Turakhia Director Nirav Deepak Shah Partners Siddhant Sanjay Shah Partners KBS Jewels Pvt. Ltd Partners O Itis seen from the above that there is Change in the Directors/Partners DETAILS OF SHAREHOLDING PATTERN i.r.0. M/s. Directi Web Services Pot. Ltd.. Sr. No. Name As on 30.06.2022 No. of Shares Share% Amount 4. Directi Holdings Mauritius 2,841,937 99:99 2,84,19,370 Brijesh Joshi 1 0.01 10 Total 2,841,93 100 2,84,19,380 PROFIT SHARING RATIO OF PARTNERS OF M/S. KBS Creations _ Sr. No. Name of the partners % of Shares ih Kunal Nikunj Shah 30% 2. Nirav Deepak Shah 45% 3. Siddhant Sanjay Shah 20% 4. KBS Jewels Pvt. Ltd. 5% Total 100% Projections:-

91. \Particulars Approved for 5 Years| Approved for 4 Proposed for 4 Years 1.6. No. ie. 2021-22 to 2025- \Years i.e. 2021-22 to| 2022-23 to 2025-26 as per 26 i.r.0. M/s. Directi | 2025-26. i.r.0. M/s. | Rule 74A i.r.o. M/s. KBS Web Services Put KBS Creations Creations Ltd, IRs. In Lakhs IRs. In Lakhs Rs. In Lakhs US'000 ‘1. 608 value of exports 2,916.43 3,37,400' 4,24,100 5,56,467|

[import of Machinery जात 1100 5,122 6,830} 3. [import of Raw Material

87,083.60! 1,08,738 1,44,984 land components 4 Import of re-making and | | 42,183 38,159 50,878 manufacturing used /used, new| broken jewellery goods 5 [Import of Spares & | | ऋ 1349 1,697 2,262 ‘onsumables a Repatriation of dividends | | | | | | | nd profits to foreign) ollaborates 7 {Royalty | t—‘—CS (i हट | ; हट Is | ILumpsum Know how fee | _&८- [i ; i | 9 | Design & drawing fees [i (‘iC 34 43 57 10 [Payment of foreign fp 337 744 992) echnicians 11 [Payment on training off ft 40 441 588 indian tech. abroad 12 \Commission on export | ti‘ 5,446.04) 6,754 9,006 13 Foreign Travel [i 168 211 282) 14 |Amount of interest to be! | f | _| | paid on ECB 15. लिsए other payment | tsi‘ 1,75,616} 2,18,134 2,90,845 16 (otal (2 to 15) 2,916.43 3,01,539.64 3,80,043 5,06,724 118 |NFE (1-16) 2,916.43 35,860.36 44,057| 58,743 Decision :- After deliberation, the Committee approved the proposal for Change of Entrepreneurship and transfer of assets and liabilities from M/s. Directi Web Services Pvt Ltd., to M/s. KBS Creations with revised projection for remaining period of 4 years i.e. 2022-23 to 2025-26 Committee in terms of Rule 19(2) read with 74 A and Rule 74 of SEZ Rules, 2006. penalty for non-execution before exit M/s. Directi Web Services to execute the sub-lease agreement within one month and pay the M/s. KBS Creation to provide the Isit of the capital goods to Specified Officer Agenda Item No. 02:- Application for Change of Partners and Change in Profit Sharing Ratio - M/s. KBS Creations The unit had submitted the application for Change in Profit Sharing Ratio and change in the Partners , and following are the details :

LIST OF PARTNERS Sr. No. List of pre Death of the Partners List of post Death of the Partners Name of Partners Designation Name of Partners Designa-tion 1. Sanjay Kanaiyalala Shah Partner Kunal. Nikunj Shah Partner 2. Kunal Nilkunj Shah Partner Nirav Deepak Shah Partner 3. Nirav Deepak Shah Partner Siddhant Sanjay Shah Partner | 4 | Siddhant Sanjay Shah Partner KBS Jewels Pvt Ltd., Partner 5. KBS Jewels Pvt. Ltd Partner Sse sae | It is seen from the above that there is change in the list of partners. Details of Pre & Post profit sharing ratio : -_ Sr.No. Before Name of the partners 6 of Shares [5 No. \After Name of the partners 6 of Shares 1 Sanjay Kanaiyalala Shah 25% Kunal Nikunj Shah 30% 2 Kunal Nilkunj Shah 20% ie oa || Nirav Deepak Shah 45% 3 Nirav Deepak Shah 45% 2. | Siddhant Sanjay Shah 20% 4 Siddhant Sanjay Shah 05% 3. | KBS Jewels Pvt Ltd., 05% is} KBS Jewels Pvt. Ltd 05% शक pee Total 100% Total 100% It is seen that there is a change in the profit sharing ratio. Decision: After deliberation, the Committee approved the proposal of the unit for change Partners and change in the profit sharing ratio in terms of Instructions no. 109 dated 18.10.2021. Further, the Committee also directed the Unit to comply with the following safeguards in terms of Instruction no. 109, dated 18.10.2021:-. 1. 2. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity. Fulfillment of all eligibility criteria applicable, including security clearances etc, by the altered entity and its constituents. Applicability of and compliance with all Revenue/Company Affairs/SEBI etc. Acts/Rules which regulate issues like capital gains, equity change, transfer, taxability etc. Full financial details relating to change in equity / merger, demerger, amalgamation or transfer in ownerships etc. shall be furnished immediately to Member (IT&R), CBDT, Department of Revenue and to the jurisdictional Authority. . The Assessing Officer shall have the right to assess the taxability of the gain/loss arising out of the transfer of equity or merger demerger, amalgamation, transfer and ownerships etc. as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act, 1961. The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable. . The applicant shall furnish details of PAN and jurisdictional assessing officer of the unit to CBDT. . The applicant shall be recognized by the new name or such arrangement in all the records. Agenda Item No. 03:- Application for regularizing Cafeteria and Gymnasium- M/s. Tata Consultancy Pot. Ltd. -Plot No-54

The unit had submitted the application for regularizing Cafeteria and Gymnasium under the Proviso to Rule 11(5) of SEZ Rules, 2006 and Para 3 of Instruction No. 95 dated 11.06.2019. Decision:- After detailed examination and deliberation, the Committee deferred the proposal for regularizing Cafeteria and Gymnasium. The Committee also directed * Unit to justify the reason for regularizing the permission for cafeteria and gymnasium and also to confirm as to whether they have obtained any approval earlier. * Unit to confirm as to whether they have availed any benefit for cafeteria & Gymnasium on construction, customs duty, equipments, GST etc. * Specified Officer to verify the availment of benefit if any taken by the Unit for cafeteria & Gymnasium on construction, customs duty, equipments, GST etc. Agenda Item No. 04:- Application for regularizing Cafeteria and Gymnasium- M/s. Tata Consultancy Put. Ltd. - Plot No-64 The unit had submitted the application for regularizing Cafeteria and Gymnasium under the Proviso to Rule 11(5) of SEZ Rules, 2006 and Para 3 of Instruction No. 95 dated 11.06.2019. Decision:- After detailed examination and deliberation, the Committee deferred the proposal for regularizing Cafeteria and Gymnasium. The Committee also directed * Unit to justify the reason for regularizing the permission for cafeteria and gymnasium and also to confirm as to whether they have obtained any approval earlier. * Unit to confirm as to whether they have availed any benefit for cafeteria & Gymnasium on construction, customs duty, equipments, GST etc. * Specified Officer to verify the availment of benefit if any taken by the Unit for cafeteria & Gymnasium on construction, customs duty, equipments, GST etc. Agenda Item No. 05:- Application for Enhancement in Capacity- M/s. Micro Components The unit had submitted an application for Enhancement of Capacity of items of manufactures and the following details are: * DETAILS OF ITEMS OF MANUFACTURE AND ITS CAPACITY Sr Items of Manufacture/Trading Approved Proposed No. Capacity Capacity (Units) (Units) ja) Half Size, Crystal Can Relays, Relays and any of its sub] 1200000.00 1535000.00 ‘components coils, Motors, Headers * Projections :-

SL articulars Proposed for 5 years | Proposed further period of No. 2016-17 to 2020-21 years i.e. 2021-22 to 2025-26 (1US$ = Rs. 75) IRs. In US'000 | Rs. In Lakhs US'000 Lakhs 1... [FOB value of exports 13,804.00} 20,300.00 16,696.88 22,262.50 2. [{mport of Machinery 242.73| 356.96 20.00 26.67 3... {import of Raw Material and components 6,274.24) 9,226.87] 8,150.00} 10,866.67 4. {Import of Spares & Consumables 385] 566.18) 43.00 57.33 5. Repatriation of dividends and profits to ss गा ee डिxक foreign collaborates 6. | [Royalty | टौ;| ; ८ [ टौ॥] | | 7 ILumpsum Know how fee | _ ट४ौ;| hz | /॥| LEE 8. [Design & Drawing fees ee EEE फ्रििि€ए | 9. |[Payment of foreign technicians LE ; | ौƒ॥| | 10. [Payment on training of Indian tech. abroad | | टौ;| eee aE 11. ommission on export EE mz P= eal ets 12. {Foreign Travel 6,902.00} 10,150.00} hia ; ।ौƒ़| 13. [Amount of interest to be paid on ECB [a as ह्छ्न्ल्न्छ्न्ख्छ | टौइ;| 14, {Any other payment | टौ्‌ | ८; lta = | 15. 10171 (2 to 14) 6,902.00} 10,150.00 8,213.00 10,950.67 16. |NFE (1-15) 6,902.00] 10,150.00 8,483.88) 11,311.83 Decision: After deliberation, the Committee approved the proposal of the unit for Enhancement of Capacity with revision of projections. The Committee also directed Unit to clear the outstanding dues and expedite the execution of sub-lease agreement immediately. Agenda Item No. 06:- Application for Change in Shareholding Pattern of the Company- M/s. Course 5 Intelligence Pot. Ltd. The unit had submitted an application for Change in Shareholding Pattern of the Company, and the details are as follows : LIST OF DIRECTORS SrNo.| Existing Board of Directors Designation Date of Appointment DIN il Ashwin Ramesh Mittal Managing Director 10.12.2003 00041913 2 Ramesh Mittal Managing Director 30.06.2014 00041701 3 Anupam Mittal Additional Director 20.04,2021 00233657 4 Sheila Mittal Additional Director 09.12.2021 00041856 iB) Vinati Saraf Mutreja Additional Director 09.12.2021 00079184 | 6 | Vikas Khemani Additional Director 09.12.2021 00065941 7 Simon Chadwick Additional Director 09.12.2021 09411081 ° Itis seen from above, that there is no change in Directors. LIST OF SHAREHOLDING PATTERN. Existing Shareholding Pattern Proposed Shareholding Pattern

Name No of % Share Name No of % Share Shares Capital Shares Capital Riddhymic 2,486,411 19.41 Riddhymic 19,891,528 19.41 Technologies Pvt Ltd., Technologies Pvt Ltd., Ashwin Mittal 720,812 5.63 Ashwin Mittal 5,766,496 5.63 Riddhymic Technoserve} 2,965,343 23:15 Riddhymic Technoserve| 27,612,753 26.95 LLP CEP AM Family Private 3,339,696 26.07 AM Family Private | 24,717,753 24.12 Trust Trust Sheila Mittal 1 0.00 Sheila Mittal | _. | | or Ramesh Mittal 1 0.00 Ramesh Mittal | | | | Kumar Mehta 3,170,764 24.76 Kumar Mehta 21,476.103 20.96 Ria Mittal | | | | Ria Mittal 2,000,000 1.95 Anees Merchant 45,510 0.36 Anees Merchant 364,080 0.36 Ajit Sankar 45,510 036 Ajit Sankar 364,080 0.36 Prashant Bhatt 11,377 | ४ | Prashant Bhatt 91,016 0.09 Suchitra 22,755 0.18 Suchitra 182,040 0.18 Eswaran Eswaran Total 12,808,210 100.00 Total 102,465,680 100.00 * It is seen from above there is change in shareholding pattern of the company Decision: After deliberation, the Committee approved the proposal of the unit for change in the Shareholding pattern in terms of Instructions no. 109 dated 18.10.2021. Further, the Committee also directed the Unit to comply with the following safeguards in terms of Instruction no. 109, dated 18.10.2021:-.

1. Seamless continuity of the SEZ activities with unaltered responsibilities and obligations for the altered entity. 2 Fulfillment of all eligibility criteria applicable, including security clearances etc, by the altered entity and its constituents.
2. Applicability of and compliance with all Revenue/Company Affairs/SEBI etc. Acts/Rules which regulate issues like capital gains, equity change, transfer, taxability etc.
3. Full financial details relating to change in equity/ merger, demerger, amalgamation or transfer in ownerships etc. shall be furnished immediately to Member (IT&R), CBDT, Department of Revenue and to the jurisdictional Authority.
4. The Assessing Officer shall have the right to assess the taxability of the gain/loss arising out of the transfer of equity or merger demerger, amalgamation, transfer and ownerships etc. as may be applicable and eligibility for deduction under relevant sections of the Income Tax Act,
6. The applicant shall comply with relevant State Government laws, including those relating to lease of land, as applicable.
7. The applicant shall furnish details of PAN and jurisdictional assessing officer of the unit to

CBDT. 8. The applicant shall be recognized by the new name or such arrangement in all the records. Agenda Item No. 07:- Violation of Section 30(a) of the SEZ Act, 2005 and Rule 22, Rule 34, Rule 36, Rule 47(1), Rule 48 & Rule 54(2) of the SEZ Rules, 2006- M/s. Advance Power Display Systems Ltd. The employee of the Unit was caught at the exit gate, as she had carried 4.1 kgs of soldering dust/dross valued at Rs. 13,526/- and sell in DTA, thereby violating the provisions of the SEZ Act & Rules. Decision: After deliberation, the Committee directed Specified Officer to initiate action under FIDR Act for violation of Section 30(a) of the SEZ Act, 2005 and Rule 22, Rule 34, Rule 36, Rule 47(1), Rule 48 & Rule 54(2) of the SEZ Rules, 2006. Agenda Item No. 08:- Monitoring of Performance- M/s. Lumina Datamatics Ltd. The unit has submitted the APR for the period 2019-20 duly certified by Chartered Accountant. The export and import data for the period 2019-20 was retrieved from NSDL for cross Decision :- After deliberation, the Committee noted the performance of the unit for the period 2019- 20, as the unit has achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules, 2006. * Unit to clear the outstanding rental dues at the earliest. * Unit to expedite the execution of sub-lease agreement immediately * Specified Officer to visit the Unit to verify the no. of employees vis-a-viz the exports on the occupied space. Agenda Item No. 09:- Monitoring of Performance- M/s. CGI Information Systems & Management Consultants Pot. Ltd. Decision :- After deliberation, the Committee noted the performance of the unit for the period 2020- 21, as the unit has achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules, 2006. * Unit to pay the outstanding lease rent Rs.4,69,267/- as on 21.07.2022. Agenda Item No. 10:- Monitoring of Performance- M/s. Eternity Jewels. The unit has submitted the APR for the period 2018-19 to 2020-21 duly certified by Chartered

Accountant. The export and import data for the period 2018-19 to 2020-21 was retrieved from NSDL for cross verification with data submitted by them in the APR and same has been found satisfactory. Decision :- After deliberation, the Committee noted the performance of the unit for the period 2018-19 to 2020-21, as the unit has achieved positive NFE on cumulative basis in terms of Rule 54 of SEZ Rules, 2006. ° Unit to execute the Sub-Lease agreement within 2 months. * Unit to pay the outstanding rent of Rs. 6,79,352/- immediately ° Specified Officer to issue SCN for non-achieving minimum value addition Meeting ended with the vote of thanks to the Chair. Signed by Shri. Shyam Jagannathan Date: 03-08-2022 08:42:18 ChRiezesson: chuspDewd apment Commissioner