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.) Note 49: Disclosures pursuant to RBI’s notification no. DOR.No.BP.BC.47/21.04.048/2019-20 dated 27 March 2020 and DOR. No.BP.BC.71/21.04.048/2019-20 dated 23 May 2020 on COVID-19 – Regulatory Package RBI vide its notification DOR.No.BP.BC.47/21.04.048/2019-20 dated 27 March 2020 had allowed NBFCs to grant three month moratori - um for the period from 01 March 2020 to 31 May 2020 to its customers which was subsequently extended to additional three months vide notification DOR.No.BP.BC.71/21.04.048/2019-20 dated 23 May 2020. The Company had extended the relaxation to its borrowers across the loans product offerings in the following manner: 1. For the loans in which customers availed the moratorium, interest accrue at the contractual interest rate during the moratorium period with corresponding increase in the residual tenure. 2. Interest accrued for moratorium period was adjusted over the balance period with EMI recalibration. 3. Reschedument of payment including interest did not qualify as a default for purpose of supervisory reporting and reporting to Credit Bureau. 4. Days Past Due (DPD) status and reporting to Credit Bureaus between 1 March 2020 and 31 August, 2020 did not change with effect from 01 March 2020. However, due to EMI repayments post 1 March 2020, if there was a reduction of DPD days, the same was recorded and reported. Note 50 : Disclosures pursuant to Reserve Bank of India notification no. RBI/2019-20/220 DOR.No.BP.BC.63/21.04.048/2020-21 dated 17 April 2020 Particulars As at 31 March 2021 As at 31 March 2020 Amount in SMA/ overdue category where the moratorium deferment was extended to customers 16,113.88 28,106.37 Amount where asset classification benefit is extended 10,662.16 18,027.41 Provision made during last quarter of financial year ended 31 March 2020 - 17,196.88 Note 51 : Disclosure under notification no. RBI/2018-19/100 DBR.No.BP.BC.18/21.04.048/2018-19 (for restructuring of accounts of Micro, Small and Medium Enterprises (MSME) sector No. of accounts restructured Amount 336 4,768.68 Note 52 : Disclosures pursuant to RBI’s notification no. DOR.No .BP.BC/3/21.04.048/2020-21 dated 06 August 2020 on COVID-19 loan restructure. Type of borrower (A) Number of accounts where resolution plan has been implemented under this window (B) exposure to accounts mentioned at (A) before implementation of the plan (C) Of (B), aggregate amount of debt that was converted into other securities (D) Additional funding sanctioned, if any, including between invocation of the plan and implementation (E) Increase in provisions on account of the implementation of the resolution plan Personal Loans - - - - - Corporate persons* - - - - - Of which, MSMEs - - - - - Others 648,491 146,585.81 - - 27,512.13 Total 648,491 146,585.81 - - 27,512.13 * As defined in Section 3(7) of the Insolvency and Bankruptcy Code, 2016 Annual Report | 2020-2021 182