Arohan Financial Services Limited | Annual Report 2021-22

Annexures to Director’s Report | 109 Annual Report | 2021-2022 FORMNO. AOC-2 Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of section 188 of the Companies Act, 2013 including certain arms length transactions under third proviso thereto (Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014) 1. Details of contracts or arrangements or transactions not at arm’s length basis There were no contracts or arrangements or transactions entered into during the year ended March 31, 2022, which were not at arm’s length basis. 2. Details of material contracts or arrangement or transactions at arm’s length basis For and on behalf of the Board of Directors Manoj Kumar Nambiar Place: Kolkata Managing Director Date: May 11, 2022 DIN: 03172919 ANNEXURE - II Name of Related Party Nature of Relationship Duration of Contract Date of approval of Board Salient terms Amount (INR in Lakhs) Reimbursement of cost received Common Directors or Significant Influence During the FY 2021-22 Since these related party transactions (RPTs) are in the ordinary course of business and are at arms length basis, approval of the Board is not applicable. However, necessary approvals were granted by the Audit committee and the Board from time to time. The RPTs entered during the year were in the ordinary course of business and on arms length basis. Ashv Finance Limited 0.42 Reimbursement of expenses paid Intellecap Advisory Services Private Limited 0.19 Aavishkaar Venture Management Services Private Limited 2.68 Intellecap Advisory Services Private Limited 2.68 Ashv Finance Limited 16.06 Professional/ business support fees Aavishkaar Venture Management Services Pvt Ltd. 29.28 Intellecap Advisory Services Pvt. Ltd. 9.40 Remittance under business transfer agreement Ashv Finance Limited 1,850.45 Corporate Social responsibility Aavishkaar Foundation 75.64