Arohan Financial Services Limited | Annual Report 2021-22

| 143 Annual Report | 2021-2022 Arohan Financial Services Limited Annexure A to the Independent Auditor’s Report of even date on the financial statements of Arohan Financial Services Limited for the year ended March 31, 2022. (contd.) d) The Company does not have any CIC as a part of its group. Hence, the provisions stated in paragraph clause 3 (xvi)(d) of the Order are not applicable to the Company. xvii. According to the information explanation provided to us, the Company has not incurred cash losses in the current financial year and in the immediately preceding financial year. Hence, the provisions stated in paragraph clause 3 (xvii) of the Order are not applicable to the Company. xviii. There has been resignation of the statutory auditors during the year in compliance with RBI circular dated April 27, 2021 on “Guidelines for Appointment of Statutory Central Auditors (SCAs)/Statutory Auditors (SAs) of Commercial Banks (excluding RRBs), UCBs and NBFCs (including HFCs)” and there were no issues, objections or concerns raised by the outgoing auditors. xix. According to the information and explanations given to us and based on our examination of financial ratios, ageing and expected date of realisation of financial assets and payment of liabilities, other information accompanying the financial statements (also refer Note 51 to the financial statements), our knowledge of the Board of Directors and management plans, we are of the opinion that no material uncertainty exists as on the date of audit report and the Company is capable of meeting its liabilities existing at the date of balance sheet as and when they fall due within a period of one year from the balance sheet date. xx. a) According to the information and explanations given to us, the provisions of section 135 of the Act are applicable to the Company. In respect of other than ongoing projects, the Company has made the required contributions during the year and there are no unspent amounts which are required to be transferred to the special account as on the date of our audit report; b) In respect of ongoing projects, the Company has transferred unspent amount to a special fund within a period of thirty days from the end of the financial year in compliance of section 135(6) of the said Act. xxi. According to the information and explanations given to us, the Company does not have any Subsidiary, Associate or Joint Venture. Accordingly, reporting under clause 3(xxi) of the Order is not applicable. For M S K A & Associates Chartered Accountants ICAI Firm Registration No. 105047W Tushar Kurani Partner Membership No. 118580 UDIN: 22118580AITSOQ7955 Kolkata May 11, 2022 Auditor’s Report