2.20 Provisions and contingencies

A provision is recognised when the Company has a present obligation as a result of past events and it is probable that an outflow of resources will be required to settle the obligation in respect of which a reliable estimate can be made. Provisions (excluding retirement benefits) are not discounted to their present value and are determined based on the best estimate required to settle the obligation at the Balance Sheet date. These are reviewed at each Balance Sheet date and adjusted to reflect the current best estimates.

A contingent liability is disclosed where, as a result of past events, there is a possible obligation or a present obligation that may, but probably will not, require an outflow of resources. When there is a possible obligation or a present obligation in respect of which the likelihood of outflow of resources is remote, no provision or disclosure is made.

2.21 Insurance Claims

Insurance claims are accounted for on the basis of claims admitted / expected to be admitted and to the extent that there is no uncertainty in receiving the claims.

2.22 Leases

a. Finance lease

i. Assets taken on finance lease are capitalised at fair value or net present value of the minimum lease payments, whichever is less.

ii. Lease payments are apportioned between the finance charges and outstanding liability in respect of assets taken on lease.

b. Operating lease

i. Leases, where the lessor effectively retains substantially all the risks and benefits of ownership of the leased term are classified as operating lease. Lease rent are recognized as an expense in the Statement of Profit and Loss on a straight line basis over the lease term.

2.23 Earning per share

Basic earnings per share is calculated by dividing the net profit or loss for the year attributable to equity shareholders by the weighted average number of equity shares outstanding during the year. Partly paid equity shares are treated as a fraction of an equity share to the extent that they were entitled to participate in dividends relative to a fully paid equity share during the reporting year. For the purpose of calculating diluted earnings per share, the net profit or loss for the year attributable to equity shareholders and the weighted average number of shares outstanding during the year are adjusted for the effects of all dilutive potential equity shares.

2.24 Impairment of Assets

Impairment of assets if any, is ordinarily assessed by comparing recoverable value of individual assets with its carrying cost.

2.25 Discontinuing Operations

A discontinuing operation is a component of an enterprise:

a. that the enterprise, pursuant to a single plan, is:

i. disposing of substantially in its entirety, such as by selling the component in a single transaction or by demerger or spin-off of ownership of the component to the enterprise's shareholders; or

ii. disposing of piecemeal, such as by selling off the component's assets and settling its liabilities individually; or

iii. terminating through abandonment; and

b. that represents a separate major line of business or geographical area of operations; and

c. that can be distinguished operationally and for financial reporting purposes. However, the company doesn't have any discontinued operation.

2.26 Previous year figures have been regrouped/rearranged wherever necessary.

2.27 Rounding Off

All Amount are shown in Rupees in Lakhs unless otherwise specified.

NOTE : 36 There are no proceedings initiated or are pending against the company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder.

NOTE : 37 The Company has not been sanctioned working capital limits in excess of five crore rupees, in aggregate, from banks or financial institutions on the basis of security of current assets at any point of time during the year.

The Company is not declared as wilful defaulter by any bank or financial Institution or other lenders.

NOTE : 38 The Company did not have any transactions with Companies struck off under Section 248 of Companies Act, 2013 or Section 560 of Companies Act, 1956 considering the information available with the Company.

NOTE : 39 The Company do not have any parent company and accordingly, compliance with the number of layers prescribed under clause (87) of section 2 of the Act read with Companies (Restriction on number of Layers) Rules, 2017 is not applicable for the year under consideration.

NOTE : 40 There are no Scheme of Arrangements approved by the Competent Authority in terms of sections 230 to 237 of the Companies Act, 2013 during the year.

NOTE : 41 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(s) or entity(ies), including foreign entities (Intermediaries) with the understanding (whether recorded in writing or otherwise) 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 (Ultimate Beneficiaries) or (ii) provide any guarantee, security or the like to or on behalf of the Ultimate Beneficiaries.

The company has also not received any fund from any person(s) or entity(ies), including foreign entities (Funding Party) with the understanding (whether recorded in writing or otherwise) 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 on behalf of the Ultimate Beneficiaries.

NOTE : 42 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.

NOTE : 43 The Company did not trade or invest in Crypto Currency or virtual currency during the financial year. Hence, disclosures relating to it are not applicable.

NOTE : 44 The Company has not granted any loan or advance in the nature of loan to promoters, directors, KMPs and other related parties that are repayable on demand or without specifying any terms or period of repayment

NOTE : 45 The Company is required to comply with the amendments in Schedule III of Companies Act, 2013 notified on 24-03-2021, with effect from 01-04-2021. Accordingly the Company has complied with the disclosure and presentation requirements as per the aforesaid amendments and reclassified the items in the previous years, to conform to current year classification, whever required.

NOTE : 46 The Company has physically verified the inventories at reasonable intervals and there are no discrepancies of 10% or more in the aggregate for each class of inventory noticed on such verification have been properly dealt with in the books of account.

NOTE : 47 Company do not have any contingent liability / capital commitment for the year under review.

NOTE : 52 During the period ended 30th September 2023, the Company came up with the public issue of 55,18,800 Equity shares of Face value of ? 10/- each ("equity shares") with the price band of Rs. 87 to 92 through book building method, IPO was open for subscription from September 15, 2023, to September 20, 2023. The Company has allotted 55,18,800 Equity shares of Face value of ? 10/- each ("equity shares") for cash at a price of ? 92/- per Equity Share (including a share premium of ? 82/- per Equity Share) aggregating to ? 5077.30 Lakhs on September 25, 2023. The equity shares of the Company got listed with Emerge platform of National Stock Exchange of India Limited on September 28, 2023. The issue was made in accordance with SEBI (Issue of Capital and Disclosure Requirements) Regulations, 2018, as amended. The Summary of the Initial Public Offer proceeds in summarised below:

NOTE : 53 PREVIOUS YEAR FIGURES HAVE BEEN REGROUPED/REARRANGED WHEREVER NECESSARY.

Significant accounting policies (Refer CIN:L32300DL2020PLC375196

Note 1)

The accompanying notes no. 2 to 53 form an integral part of financial statement

For and on behalf of the Board

As Per our annexed audit report of CELLECOR GADGETS LIMITED

even date (formerly Known as UNITEL INFO

For Ambani & Associates LLP LIMITED & UNITEL INFO PRIVATE

Chartered Accountants LIMITED)

Firm Regn. No 016923N

S/d S/d

Ravi Agarwal Nikhil Aggarwal

Managing Director Whote-time Director

DIN:08471502 DIN: 09016668

S/d S/d S/d

CA Hitesh Ambani Bindu Gupta Patterson Thomas

Designated Partner Chief Financial Company Secretary

M. No.506267 Officer

UDIN: 24506267BJZYAL2552

Date: 25.04.2024 Place: New Delhi