Arohan Financial Services Limited | Annual Report 2021-22

Financials | 207 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 46: Additional disclosures pursuant to the RBI Master Direction RBI/DNBR/2016-17/45 Master Direction DNBR. PD. 008/03.10.119/2016-17 (Contd.) vi) Exposures A) Exposure to Real Estate Sector The Company did not have any exposure to real estate sector during the current and previous year. B) Exposure to Capital Market The Company did not have any exposure to capital market during the current and previous year. C) Details of financing of parent company products The Company does not have a parent company and accordingly disclosures is not required. D) Details of Single Borrower Limit (SBL)/Group Borrower Limit (GBL) exceeded by the NBFC There are no instances of exceeding the single and group borrowing limit by the Company during the current and previous year. E) Unsecured Advances - Refer Note 7. vii) Miscellaneous A) Registration obtained from other financial sector regulators The Company is having Corporate Identity Number of U74140WB1991PLC053189 under Ministry of Corporate affairs. B) Disclosure of penalties imposed by RBI and other regulators An amount of ` 0.27 lakhs (March 31, 2021: ` Nil) has been paid to Reserve Bank of India towards late submission fees of FCGPR under Foreign Exchange Management Act, 1999 (as amended). C) Related Party Transactions Details of all material related party transactions are disclosed in Note 45. D) Ratings assigned by credit rating agencies and migration of ratings during the year The details of ratings assigned by Credit Analysis & Research Limited (CARE) vide report number CARE/DRO/ RL/2021-22/2581, CARE/DRO/RL/2021-22/2583 & CARE/DRO/RL/2021-22/2584 all dated 01 December 2021 and ICRA Limited dated 25 March 2022 during the year are as follows: Facilities Ratings Remarks Long-term Bank facilities ICRA A (-ve) / CARE A (-ve) (Negative outlook) Reaffirmed Non-Convertible Debentures ICRA A (-ve) / CARE A (-ve) (Negative outlook) Reaffirmed Unsecured Subordinated Tier II Debt CARE A (-ve) (Negative Outlook) Reaffirmed