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.

Gratuity

The Company has an obligation towards gratuity, a defined benefit retirement plan covering eligible employees. The
plan provides for a lump-sum payment to vested employees at retirement, death while in employment or on termination
of employment of an amount equivalent to 15 to 30 days salary payable for each completed year of service. Vesting
occurs upon completion of five years of service. The gratuity plan of the Company is funded.

The defined benefit plans expose the Company to a number of actuarial risks as below:

Interest risk: A decrease in the bond interest rate will increase the plan liability.

Salary risk: The present value of the defined benefit plan liability is calculated by reference to the future salaries of plan
participants. As such, an increase in the salary of the plan participants will increase the plan's liability.

NOTE 38: 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 39: The Company has 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, details of
which is as under:

- Kotak Bank (CC Limit) - K 35 Cr.

- ICICI Bank (CC Limit) - K 50 Cr.

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

NOTE 40: 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 41: 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 41: 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 42: 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 43: 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 44: 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 45: 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 46: 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 47: 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 48: 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 54: During the half year ended 31st March, 2025, the Company came up with the preferential issue of 80,00,000
Equity shares of Face value of K 1/- each ("equity shares") at issue price of K 40.20/- and 30,00,000 warrants convertible
into equivalent number of fully paid-up equity shares of face value of K 1/- (Rupee One Only) each ("Equity Shares") at
the option of Allottees, in one or more tranches, within 18 (eighteen) months from the date of allotment at issue price
of K 40.20/-. The 80,00,000 equity shares of the Company got listed with Emerge platform of National Stock Exchange
of India Limited on December 09, 2024. The issue was made in accordance with SEBI (Issue of Capital and Disclosure
Requirements) Regulations, 2018, as amended.

For Ambani & Associates LLP For and on behalf of Board of Directors

Chartered Accountants CELLECOR GADGETS LIMITED

FRN : 016923N (formerly Known as UNITEL INFO LIMITED & UNITEL INFO PRIVATE

LIMITED)

CA HITESH AMBANI GUNJAN AGGARWAL

DESIGNATED PARTNER CHAIRPERSON OF COMPANY

M No: 506267 Add: C-7/166, Sector-7, Rohini, Delhi - 110085

UDIN: 25506267BMJBJC4323 BINDU GUPTA POOJA TYAGI

Place: Delhi CFO COMPANY SECRETARY

Date: 17/04/2025 Add: G-127, Palam Vihar, Add: B-109, Omicron, 1A, Greater

Gurugram, Noida, Gautambuddha Nagar, Uttar

Haryana - 122017 Pradesh - 201310