అకౌంట్స్ గమనికలుMehul Telecom Ltd.

Mar 31, 2025

U. Provisions Contingent liabilities and contingent assets

Provisions involving substantial degree of estimation in measurement are recognized when there
is a present obligation as a result of past events and it is probable that there will be an outflow of
resources.

Contingent Liabilities are not recognized but disclosed in the financial statements.

Contingent Assets are neither recognized nor disclosed in the financial statements.

Provisions, Contingent Liabilities and Contingent Assets are reviewed at each Balance Sheet Date
and currently there is no contingent liabilities.

V. Changes in Accounting Policies in the period/ years covered in the financials

There are no changes in significant accounting policies for the period/ years covered in the
financials.

W. Figures have been rearranged and regrouped wherever practicable and considered necessary.

X. The management has confirmed that adequate provisions have been made for all the known
and determined liabilities and the same is not in excess of the amounts reasonably required to
be provided for.

Y. The balances of trade payables, trade receivables, loans, and advances are unsecured and
considered good and are subject to confirmations of the respective parties concerned.

Z. Amounts in the financial statements: Amounts in the financial statements are rounded off to
the nearest lakhs. Figures in brackets indicate negative values.

OTHER STATUTORY INFORMATION

i. Title deeds of all immovable properties of land & building (other than properties where the
company is the lessee and the lease agreements are duly executed in favor of the lessee),
disclosed in the Financial Statements included in Property, Plant and Equipment, are held
in the name of the company as at Balance sheet date.

ii. The company has not revalued its Property, Plant and Equipment hence not applicable.''

iii. There are no transactions that have been not recorded in the books of accounts and have
been surrendered or disclosed as income during the year in the tax assessments under the
Income Tax Act, 1961.

iv. The Company has not traded or invested in Crypto currency or Virtual Currency during the
financial year and comparative period.

v. The Company does not have any Benami properties. No proceedings have been initiated or
are pending against the Company for holding any benami property under the Benami
Transactions (Prohibitions) Act, 1988 and the rules made thereunder.

vi. The company has not entered into any transactions with companies struck off under section
248 of the Companies Act, 2013 or section 560 of the Companies Act, 1956.

vii. All charges or satisfaction of charges are registered with the registrar of companies before
the statutory period.

viii. The company does not have investment from any group companies.

ix. The company has not entered in any scheme of arrangement in terms of section 230 to 237
of the companies act 2013.

x. The Company has not advanced or loaned or invested funds - either borrowed funds or
share premium or any other sources or kind of funds to any other person or entity, including
foreign entities (Intermediaries) with an understanding that the Intermediary shall:

(i) directly or indirectly lend or invest in other persons or entities identified in any
manner whatsoever by or on behalf of the Company or

(ii) provide any guarantee, security or the like to or on behalf of the Company.

The Company has not received any fund from any person or entity, including foreign entities
(Funding Party) with the understanding that the Company shall:

(i) directly or indirectly lend or invest in other persons or entities identified in any
manner whatsoever by or on behalf of the Funding Party (Ultimate Beneficiaries) or

(ii) provide any guarantee, security or the like to or on behalf of the Ultimate
Beneficiaries.

xi. The Company do not have any transaction which are not recorded in the books of accounts
that has been surrendered or disclosed as income in the tax assessments under the Income
Tax Act, 1961 during any of the years.

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Mar 31, 2024

Provisions:

A provision is recognized when there exists a present obligation as a result of past events
and it is probable that an outflow of resources embodying economic benefits will be
required to settle the obligation, and a reliable estimate can be made of the amount of the
obligation. Provisions are not discounted to present value and are determined based on
best estimates required to settle the obligation at the reporting date. These estimates are
reviewed at each reporting date and adjusted to reflect the current best estimates.

Contingent liabilities:

A contingent liability is a possible obligation that arises from past events whose existence
will be confirmed only by the occurrence or non occurrence of one or more uncertain
future events beyond the control of the Company or a present obligation that is not
recognized because it is not probable that an outflow of resources will be required to
settle the obligation. A contingent liability also arises in extremely rare cases where there
is a liability that cannot be recognized because it cannot be measured reliably, the
Company does not recognize a contingent liability but discloses its existence in the
financial statements.

Notes on Accounts:

1. Previous year’s figures have been regrouped, rearranged and reclassified wherever
necessary to conform to current year classification. Accordingly, amount and other
disclosures for the preceding year are included as an integral part of the current year
financial statements and are to be read in relation to the amount and other disclosures
relating to the current year.

2. In the opinion of the Board ‘sundry debtors’, ‘Loan and Advances’ and ‘Other
Current Assets’ are approximately of the valued stated is realized in the ordinary
course of the business. Such balances are subject to confirmation, reconciliation and
consequent adjustments, if any required.

3. Related Party Transaction.

Parties are considered to be related if any time during the year one party has ability to
control the other party or to exercise significant influence over the other party in
making Financial and/or Operating decision and related parties have been identified
on the basis of representation made by key managerial personal and information
available with the company.

4. Loans taken and granted to the companies or concerns in which director / member is
given in the Grouping to the accounts and as per opinion of the Board the same are
provided or taken in due course of the business needs. Loan and Advances are
considered good in respect of which company does not hold any security other than
the personal guarantee of persons.