Arohan Financial Services Limited | Annual Report 2021-22

Financials | 203 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 45: Information on related party transactions as required by Ind AS - 24: (Contd.) B. Nature of transactions with related parties: (Contd.) Name of party with nature of transaction Year ended 31 March 2022 Year ended 31 March 2021 Security deposit invoked Tribetech Private Limited - 2.92 Interest paid Aavishkaar Venture Management Services Private Limited - 20.55 Reimbursement of cost received Ashv Finance Limited 0.42 22.84 Intellectual Capital Advisory Services Private Limited - 1.87 Intellecap Advisory Services Private Limited - 1.75 Aavishkaar Venture Management Services Private Limited - 0.29 Reimbursement of expenses paid Intellecap Advisory Services Private Limited 0.19 3.34 Aavishkaar Venture Management Services Private Limited 2.68 - Intellecap Advisory Services Private Limited 2.68 - Ashv Finance Limited 16.06 0.14 Professional/ business support fees Tribetech Private Limited - 0.59 Aavishkaar Venture Management Services Private Limited 29.28 34.09 Intellecap Advisory Services Private Limited 9.40 169.69 Ashv Finance Limited Remittance under business transfer agreement Ashv Finance Limited 1,850.45 1,703.51 Corporate Social responsibility Aavishkaar Foundation (*) 75.64 - Commission income Ulink Agritech Private Limited - 28.79 Director’s commission (#) Dinesh Kumar Mittal 25.00 - Matangi Gowrishankar 15.00 - Rajat Mohan Nag 10.00 - Sumantra Banerjee 10.00 - Remuneration Manoj Kumar N Nambiar (**) 138.61 164.49 Milind R Nare 105.54 99.10 Ranjan Das 65.87 62.54 Bharath Sondur 75.19 - Anirudh Singh G Thakur 74.29 69.56 Sitting Fees (#) Dinesh Kumar Mittal 3.20 4.80 Matangi Gowrishankar 6.40 8.00 Rajat Mohan Nag 6.20 7.40 Sumantra Banerjee 7.20 8.40 (*) Includes CSR contribution by Arohan employees of ₹ 34.71 lakhs (March 31, 2021 : ₹Nil). (**) Includes an amount of ₹Nil (March 31, 2021: ₹48.34 lakhs) pertaining commission paid for previous year. (#) The above amounts are excluding taxes