Arohan Financial Services Limited | Annual Report 2021-22

176 | 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 23: Share capital (Contd.) (c) Terms and rights attached to equity shares: The Company has only one class of equity shares having a par value of ₹10 per share. Each holder of equity shares is entitled to one vote per share. The Company declares and pays dividend in Indian rupees, if any. The dividend proposed by the Board of Directors is subject to the approval of the shareholders in the ensuing general meeting. During the financial year the Company has not proposed/ declared any dividend. In the event of liquidation of the Company, the holders of equity shares will be entitled to receive remaining assets of the Company, after distribution of all preferential amounts. The distribution will be in proportion to the number of equity shares held by the shareholders. (d) No additional shares were allotted as fully paid-up by way of bonus shares or pursuant to contract without payment being received in cash during the financial year. Further, none of the shares were bought back by the Company during the financial year. (e) Shareholding of promoters (f) Details of shareholders holding more than 5% shares Shares held by promoters at the end of the year As at 31 March 2022 As at 31 March 2021 % change during the year No. of shares % of total shares No. of shares % of total shares 1. Aavishkaar Venture Management Services Private Limited 2,47,63,774 20.61% 2,47,63,774 20.61% - 2. Intellectual Capital Advisory Services Private Limited 1,64,72,146 13.71% 1,64,72,146 13.71% - Particulars As at 31 March 2022 As at 31 March 2021 Number % Number % Equity shares of ` 10 each Aavishkaar Venture Management Services Private Limited 2,47,63,774 20.61% 2,47,63,774 20.61% Aavishkaar Goodwell India Microfinance Development Company II Limited 1,85,39,529 15.43% 1,85,39,529 15.43% Tano India Private Equity Fund II 1,69,14,279 14.07% 1,69,14,279 14.07% Intellectual Capital Advisory Services Private Limited 1,64,72,146 13.71% 1,64,72,146 13.71% Maj Invest Financial Inclusion Fund II 1,54,01,267 12.82% 1,54,01,267 12.82% TR Capital III Mauritius 97,18,722 8.09% 97,18,722 8.09%