Arohan Annual Report FY 20-21

Arohan Financial Services Limited Summary of significant accounting policies and other explanatory information for the year ended 31 March 2021 (Contd.) D) Details of non-performing financial assets purchased/sold The Company has not purchased/ sold any non-performing financial assets during the current and previous year. v) Asset Liability Management Disclosures relating to maturity pattern of certain items of assets and liabilities are given in Note 53. vi) Exposures A) Exposure to Real Estate Sector The Company did not have any exposure to real estate sector during the current and previous year. B) Exposure to Capital Market The Company did not have any exposure to capital market during the current and previous year. C) Details of financing of parent company products The Company does not have a parent company and accordingly disclosures is not required. D) Details of Single Borrower Limit (SBL)/Group Borrower Limit (GBL) exceeded by the NBFC There are no instances of exceeding the single and group borrowing limit by the Company during the current and previous year E) Unsecured Advances - Refer Note 7. vii) Miscellaneous A) Registration obtained from other financial sector regulators The Company had surrendered its registration number CA0402 dated 1 August 2019 under Insurance Regulatory and Development Authority of India (IRDA) vide letter dated 15 October 2020. The Company is having Corporate Identity Number of U74140WB1991PLC053189 under Ministry of Corporate affairs. B) Disclosure of penalties imposed by RBI and other regulators There are no penalties imposed by Reserve Bank of India and other regulators during the financial year. C) Related Party Transactions Details of all material related party transactions are disclosed in Note 45. D) Ratings assigned by credit rating agencies and migration of ratings during the year The details of ratings assigned by Credit Analysis & Research Limited (CARE) vide their report dated 10 November, 2020, ICRA Limited vide their report dated 05 October 2020, and 28 October 2020 and 03 December, 2020 migration of ratings during the period are as follows: Facilities Ratings Remarks Long-term Bank facilities CARE A- Reaffirmed Long-term Bank facilities ICRA A- Assigned Non-Convertible Debentures CARE A- Reaffirmed Non-Convertible Debentures ICRA A- Assigned Unsecured Subordinated Tier II Debt CARE A- Assigned E) Remuneration including sitting fees of Directors (other than Managing Director) (refer note 45) Name of Directors Year ended 31 March 2021 Year ended 31 March 2020 Dinesh Kumar Mittal 4.80 27.80 Matangi Gowrishankar 8.00 20.20 Rajat Mohan Nag 7.40 15.00 Sumantra Banerjee 8.40 15.20 Financial 175