Arohan Financial Services Limited | Annual Report 2021-22

Financials | 223 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 54: Foreign Currency Disclosure Particulars Year ended 31 March 2022 Year ended 31 March 2021 (a) Earnings in foreign currency Sale of accumulated carbon credit 12.74 27.36 12.74 27.36 (b) Expenditure in foreign currency Legal Expenses - 152.09 Professional fees 2.58 9.22 2.58 161.31 Note 55: Disclosure in respect of Corporate Social Responsibility under section 135 of the Act and Rules thereon ACSR committee has been formed by the Company as prescribed under section 135, CSR expenses have been incurred throughout the period on the activities as specified in schedule VII of the Act. Particulars Year ended 31 March 2022 Year ended 31 March 2021 (a) Gross amount required to be spent during the year 68.67 244.13 (b) Amount of expenditure incurred during the year 68.67 244.13 (c) Shortfall at the end of the year - - (d) Total of previous years shortfall - - (e) Reason for shortfall (*) - - (f) Nature of CSR activities (**) - - (g) Details of related party transactions 40.93 - (h) where a provision is made with respect to a liability incurred by entering into a contractual obligation, the movements in the provision during the year shall be shown separately At the beginning of the year 35.09 - Fresh provision made during the year 5.45 35.09 Payment made during the year 30.66 - At the closing of the year 9.88 35.09 (*) work was not yet completed as a results the payments were on hold. (**) CSR activities includes environmental and social initiatives. In environmental initiatives there are certain projects like disaster relief, COVID-19 relief, safe drinking water & sanitisation and water conservation whereas social initiatives includes activities as women empowerment & education, livelihood trainings, menstrual hygiene and health and well being.