Notes to Accounts of Mehul 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.