Shyam Telecom Ltd. — Interim / Quarterly Report 2022

Aug 12, 2021

Corporate Office : A-60, Naraina Industrial © oie am Area, Phase-l, New Delhi-110 028 INDIA TELECOM LTD TEL. : 91-11-41411070/71/72 E-mail : investors@shyamtelecom.com Website : www.shyamtelecom.com

Dated - August 12, 2021

The Manager, Listing Department, Department of Corporate Services National Stock Exchange of India Limited ("NSE") Bombay Stock Exchange Limited ("BSE") Exchange Plaza, Phiroze Jeejeebhoy Towers Bandra Kurla Complex Dalal Street, Mumbai - 400001 Bandra (E), Mumbai - 400001 Security Code - 517411 Security Symbol - SHYAMTEL Through BSE Listing Centre Through NEAPS

SUB - OUTCOME OF THE BOARD MEETING

Dear Sir/Madam,

This is to inform you that pursuant to the provisions of the Regulation 33 of Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ("Listing Regulations"), We inform you that in the Board Meeting held today i.e. August 12th, 2021 through video conferencing, the Unaudited Financial Results for the Quarter ended 30% June, 202 1, were considered, approved and taken on record, amongst other Business. We are enclosing herewith the Statement of Unaudited Financial Results for the Quarter ended 30 June, 2021 and Limited Review Report on the same. It is further submitted that "Segment Type' for the Company is "Single Segment."

The said Results will be published in English and Hindi newspaper within 48 hours of the conclusion of this Board Meeting in accordance with the provisions contained in the Listing Regulations.

This is for your information / records and circulation to the Members of the Exchange.

Thanking You

Yours Sincerely For S TELECOM LIMITED POF oly TELECOM LIMITED

COMPANY SECRETARYSECRETARY

Encl:

• 1. Unaudited Financial Results for the Quarter ended 30 June, 2021. 2. Limited Review Report

Regd. Office : Shyam House, 3, Amrapali Circle, Vaishali Nagar, Jaipur-302021 (RAJASTHAN) INDIA Phone : 91- 0141- 4919021 CIN : L32202RJ1992PLC017750

SHYAM TELECOM LIMITED

REGD. OFFICE : SHYAM HOUSE, 3, AMRAPALI CIRCLE, VAISHALI NAGAR, JAIPUR - 302021, RAJASTHAN , INDIA Corporate office: A-60, Naraina Industrial Area, Phase-1, New Delhi - 110028 Website : www.shyamtelecom.com, investors@shyamtelecom.com

CIN : L32202RJI992PLC017750REGD. OFFICE : SHYAM HOUSE, 3, AMRAPALI CIRCLE, VAISHALI NAGAR, JAIPUR - 302021, RAJASTHAN, INDIACorporate office: A-60, Naraina Industrial Area, Phase-1, New Delhi - 110028Website : www.shyamtelecom.com, investors@shyamtelecom.comSTATEMENT OF UNAUDITED RESULTS FOR THE QUARTER ENDED 30th JUNE, 2021Quarter EndedUnauditedS.No, [ParticularsUnauditedAudited31-Mar-2130-Jun-2130-Jun-201__jRevenue From Operations0.1538.592.2__jOther Income118.041.785.39 Total Revenue (1+2)31.9343.98118.04[Expenditure4(a) Cost of material consumedzi(a) Purchases of Stock-in-Trade30.89-(b)Changes in Inventory of Finished Goods, Work-In-Progress and0.111.13-(c) Employee Benefits expenses29.4038.3130.77(d) Finance Cost0.060.02-(e) Depreciation and Amortisation expenses4,746.145.70(f) Other Expenses59.3430.0465.56Total Expenses93.59106.57102.05_ PROFIT/(LOSS) BEFORE EXCEPTIONAL ITEMS AND TAX (3-4)5(91.66)(62,59)15.99EXCEPTIONAL ITEMS636.28-4__ PROFIT/(LOSS) AFTER EXCEPTIONAL ITEMS7(91.66)(62.59)52.27[Tax Expenses:8- Current Tax::- Deferred Tax(0.12)0,02(1.24)Taxes for earlier years49.73-- Profit / (Loss) For the Period3.789(91.54)(62.61)_ Other Comprehensive Income1011__ Items that will not be reclassified to profit or loss- Remeasurement Gains/(Losses) on Defined Benefit Plan & Fair0.95(0.44)(14.23)- Income Tax Effect(3.29)2.135.60 fair value changes in investmentTotal Other Comprehensive Income4.24(2.57)(19.83)12__ Total Comprehensive Income for the period {Comprising Profit /(87.30)(65.18)(16.05)[Paid up Equity share capital (Face value of share Rs. 10- each)131,1271,1271,127.0014_ Earnings per equity share (of RS. 10/- each)(1) Basic(0.77)(0.58)(0.14)(2) Diluted(0.77)(0.58)(0.14)Notes : The above results for the Quarter ended 30th June, 2021, are reviewed by the audit committee and taken on record by the board of directors in their1meeting held on 12th August 2021 The financial results are prepared in accordance with the Indian Accounting Standards (Ind-AS) as prescribed under section 133 of the Companies2Act, 2013 read with Rule 3 of the Companies (Indian Accounting Standards) Rules, 2015 and the relevant amended rules thereafter. The net worth of the Company has been fully eroded and the current liabilities exceeds the current assets substantially. However, the financial3results of the Company have been prepared on a going concern basis as the company is continuing with the trading operations.[Tax Expenses includes provision for Deferred tax and Current Tax. Tax impact on OCI has been adjusted against deferred tax.4{Based on initial assessment, the Management does not expect any significant long-term impact on the business of the Company due to the COVID-195pandemic. The Company has evaluated the possible effects on the carrying amounts of property, plant and equipment, inventory and receivables onbasis of internal and external sources of information and exercising reasonable estimates and judgements, that the carrying amounts of these assets!are recoverable. Having regard to the above, and the Company's liquidity position, thereis no material uncertainty in meeting the financialiobligations over the foreseeable future. The Company is in the business of Trading in India and hence has only one reportable operating segment as per Ind-AS 108 - Operating Segments.6
		(Rs.in Lakhs except per equity share capital data)
					Year EndedAudited
					31-Mar-21
					43.62265.54
					309,16
					30.89
					12.33137.74
					0.1824,17
					138.26
					343.57
					(34,41)36.28
					1.87
					-
					(0.80)49.73
					(47.06)
					(14.58)7.86
					(22.44)
					(69.50)1,127
					(0.62)
					(0.62)
{Corresponding figures of the previous period/year have been regrouped and /or reclassified to make them comparable wherever neccessary.	7
For & on behalf of Board of Directors ofWANSHYAM TELECOM LIMITED»ALK,SDate: 12thAugust, 2021Ajay Khanna					a

Y48, Nehru Placo, New Delhi -110019 © weavgmea.com

Independent Auditor's Limited Review Re Shyam Telecom Limited pursuant to the regulation 33 of the SEBI (Listing Obligations and norton Quarterly Unaudited financial resulls of M/s Disclosures Requirements) Regulations, 2015 as amended

To The Board of Directors of

M/s Shyam Telecom Limited A -60, Naraina Industrial Arca, Phase-1

New Delhi— 110028

We have reviewed the accompanying quarterly Unaudited Financial Results of Shyam Telecom Limited ("the Company"), for the Quarter ended 30" June, 2021 ("the Statement"), attached herewith being submitted by the Company pursuant to the requirement of Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Reaulations, 2015, as amended.

This Statement, which is the responsibility of the Company's Management has been prepared in accordance with the recognition and measurement principles laid down in the Indian accounting Standard -34 "Interim Financial Reporting" (Ind-AS 34) specified under Section 133 of the Companies Act, 2013 read with relevant rules issued thereunder and other accounting principles generally accepted in India and approved by Board of Directors of the company. Our responsibility is to issue a report on the statement based on our review,

We conducted our audit in accordance with auditing standards generally accepted in India. Those Standard requires that we plan and perform the review to obtain reasonable assurance as to whether the financial Statement are free of material misstatement, An audit includes examining, on a test basis, evidence supporting the amount disclosed as financial results. An audit also includes assessing the accounting principles used and significant estimates made by the management. We believe that our audit provides a reasonable basis for our opinion.

Based on our audit conducted above, in our opinion and to the best of our information and according to explanations given to us, these quarterly financial results

• a) are presented in accordance with the requirement Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, as amended, and
• b) give a true and fair view of the net loss (financial performance including other comprehensive income) and other financial information for the quarter ended 30" June, 2021.

Emphasis of Matter

The financial results of the Company reflect that the net worth of the Company has been fully croded; The Company has incurred net cash loss during the current quarter and the current liabilities exceeded the current assets substantially. All these conditions indicate the existence of material uncertainty that may cast significant doubts about the Company ability to continuc as a going concern. However, the financial results of the Company have been prepared on a . going concern basis for the rcasons stated in Management note. (Refer Note No. 3 of the financial results of the Company).

Our conclusion is not qualified in respect of the above matter.

Other Matters

An amount of Rs. 38.45 Cr. being advances from customers classified under the head "Other Current Liabilities" are in process of being settled for a long time. An amount of Rs. 2.26 Cr. being Sundry Creditors classified under the head "Trade Payables" are in process of being settled for a long time. An amount of Rs, 6,52 Cr being Sundry Debtors classified under "Trade Receivables-Doubtful" are being followed up by company for recovery. The company had already made a provision of Rs. 6.52 Cr against such doubtful debts in previous years. An amount of Rs. 0.23 Cr being Advance to Supplier classified under "Other Current assets-Doubtful" are being followed up by company for recovery. The company had already made a provision of Rs. 0.23 Cr against such doubtful debts in previous years. An amount of Rs. 25.23 Cr being Loan to Subsidiary classified under "Loans-Doubtful" are being followed up by company for recovery. The company had already made a provision of Rs. 25.23Cr against such doubtful advances in previous years. All the above-mentioned amounts are long overdue and Company is following up with Reserve Bank of India for necessary FEMA approvals.

Our conclusion is not qualified in respect of above matters.

For VGM & Co.

(Firm Registration No: 029823N) Krishan Gautam

Partner Membership Number: 539365 UDIN: 21539365AAAAAE9853

Place: New Delhi Date: 12™ August , 2021

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