Arohan Annual Report FY 20-21

Arohan Financial Services Limited Annexure A to the Independent Auditor’s Report of even date to the members of Arohan Financial Services Limited on the financial statements for the year ended 31 March 2021 (contd) Name of the statute Nature of dues Amount (INR lacs) Amount paid under protest (INR lacs) Period to which the amount relates Forum where dispute is pending The Income- tax Act, 1961 Income Tax 6.18 Nil AY 2012-13 Income Tax Appellate Tribunal The Income- tax Income Tax 22.89 11.52 AY 2014-15 Commissioner of Income Tax (Appeals) The Income- tax Income Tax 9.13 Nil AY 2017-18 Commissioner of Income Tax (Appeals) For Walker Chandiok & Co LLP Chartered Accountants Firm’s Registration No.: 001076N/N500013 Manish Gujral Partner Membership No.: 105117 UDIN: 21105117AAAACZ2745 Place: Mumbai Date: 04 June 2021 viii. TheCompany has not defaulted in repayment of loans or borrowings to any financial institutionor a bank or any dues to debenture- holders during the year. The Company has no loans or borrowings payable to government. ix. The Company did not raise moneys by way of initial public offer or further public offer (including debt instruments). In our opinion, the term loans were applied for the purposes for which the loans were obtained. x. According to the information and explanations given to us, we report that no material fraud by the Company or on the Company by its officers or employees has been noticed or reported during the period covered by our audit. xi. Managerial remuneration has been paid/ provided by the Company in accordance with the requisite approvals mandated by the provisions of Section 197 of the Act read with Schedule V to the Act. xii. In our opinion, the Company is not a Nidhi Company. Accordingly, provisions of clause 3(xii) of the Order are not applicable. xiii. In our opinion all transactions with the related parties are in compliance with sections 177 and 188 of the Act, where applicable, and the requisite details have been disclosed in the financial statements etc., as required by the applicable Ind AS. xiv. During the year, the Company has made private placement of shares. In respect of the same, in our opinion, the Company has complied with the requirement of Section 42 of the Act and the Rules framed thereunder. Further, in our opinion, the amounts so raised have been used for the purposes for which the funds were raised. During the year, the Company did not make preferential allotment/ private placement of fully/partly convertible debentures. xv. In our opinion, the Company has not entered into any non-cash transactions with the directors or persons connected with them covered under Section 192 of the Act. xvi. The Company is required to be registered under section 45-IA of the Reserve Bank of India Act, 1934 and such registration has been obtained by the Company. Auditor’s Report 129