Arohan Financial Services Limited | Annual Report 2021-22

Financials | 171 Annual Report | 2021-2022 Arohan Financial Services Limited Summary of significant accounting policies and other explanatory information for the year ended 31 March, 2022 (Contd.) (All amounts in ` lakhs unless otherwise stated) Note 18: Subordinated liabilities As at 31 March 2022 As at 31 March 2021 ( Measured at amortised cost ) ( Unsecured ) Non-convertible debentures 33,238.59 13,447.83 Term loans from banks 7,570.57 7,560.48 Term loans from financial institution 2,500.21 - Total 43,309.37 21,008.31 Subordinated liabilities in India 43,309.37 21,008.31 Subordinated liabilities outside India - - Total 43,309.37 21,008.31 Note 17: Borrowings (other than debt securities) As at 31 March 2022 As at 31 March 2021 ( Measured at amortised cost ) ( Secured ) (a) Term loans [refer note (i) below] Term loan from banks 1,27,561.53 2,12,642.34 Term loan from financial institutions 94,339.66 1,06,190.79 (b) Loans repayable on demand Cash credit from banks [refer note (ii) below] 9,349.54 942.51 (c) Liability against securitisation [refer note (iii) below] 1,09,827.62 - Total 3,41,078.35 3,19,775.64 Borrowings in India 3,41,078.35 3,19,775.64 Borrowings outside India - - Total 3,41,078.35 3,19,775.64 (#) Terms of repayment given in the repayment schedule Nature of Security: (i) All term loans from banks and financial institutions are secured by way of first and exclusive charge, both present & future, over the eligible designated current assets, eligible designated book debts, loan instalments, receivables and underlying assets arising out of finance of the Company. (ii) Cash credit facilities and working capital demand loans from banks are secured by way of first and exclusive charge, both present & future, over the eligible designated current assets, eligible designated book debts, loan instalments, receivables and underlying assets arising out of finance of the Company. (iii) Liabilities against securitisation represents amounts received in respect of securitisation transactions (net of repayments & investment therein) as these transactions do not meet the de-recognition criteria specified under Ind AS 109. These are secured by way of hypothecation of designated assets on finance receivables.