Escrow Payment Mechanism not applicable to the company, Mehul Telecom tells BSE

Mehul Telecom has told BSE that the Escrow Payment Mechanism requirement does not apply to it.

Thu 8 Oct 2026

Letter Date

08th October 2026

Addressee

Manager (Listing Department), BSE Limited

Regulation Referred

SEBI (Issue and Listing of Municipal Debt Securities) Regulations, circular dated November 13, 2019

What the company has said

Mehul Telecom has written to BSE Limited stating that the Escrow Payment Mechanism requirement does not apply to it. The subject of the letter is "Non-applicability of Escrow Payment Mechanism".

What the letter covers

• The letter is addressed to the Manager (Listing Department), BSE Limited, and is dated 08th October 2026.
• It refers to Para 4 of the continuous disclosures and compliances for listed entities under the SEBI (Issue and Listing of Municipal Debt Securities) Regulations, cited through a circular dated November 13, 2019.
• The company states that the requirement for submission of the Escrow Payment Mechanism is not applicable to it, because it has not issued and does not have any instruments or arrangements for which the said mechanism is applicable under the relevant SEBI Regulations.
• It accordingly states that no disclosure or submission is required in this respect, and requests the exchange to take the clarification on record.
• The letter is signed by Mehul Vasantbhai Raymagia, Managing Director.

What an escrow payment mechanism means, simply

An escrow arrangement is a structure in which money is routed into a designated account and the way that money can be used is controlled. It is generally intended to give a protected source of funds to those who are to be repaid. Such a mechanism becomes relevant where a company has issued instruments of the kind that attract this requirement.

How to read this update

• This is a clarification that a specific requirement does not apply to the company, on the stated basis that it has no instruments or arrangements of the kind that attract it.
• It is not a statement about the company's business, operations or finances; it addresses a compliance applicability point.
• Read together, the company is telling the exchange that there is nothing on this count requiring a disclosure or submission from it.

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