Arohan Financial Services Limited | Annual Report 2022-23

143 | Annual Report | 2022-2023 Arohan Financial Services Limited Summary of significant accounting policies and other explanatory information for the year ended 31 March 2023 (Contd.) (All amounts in ` lakhs unless otherwise stated) Note 17: Borrowings (other than debt securities) As at 31 March 2023 As at 31 March 2022 ( Measured at amortised cost ) ( Secured ) (a) Term loans [refer note (i) below] Term loan from banks 2,16,074.41 1,27,561.53 Term loan from financial institutions 91,648.82 94,339.66 Term Loan from related party 892.80 - (b) Loans repayable on demand Cash credit from banks [refer note (ii) below] 90.42 9,349.54 (c) Liability against securitisation [refer note (iii) below] 72,229.88 1,09,827.62 Total 3,80,936.33 3,41,078.35 Borrowings in India 3,80,936.33 3,41,078.35 Borrowings outside India - - Total 3,80,936.33 3,41,078.35 (#) 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. Note 18: Subordinated liabilities As at 31 March 2023 As at 31 March 2022 ( Measured at amortised cost ) ( Unsecured ) Non-convertible debentures 32,242.61 33,238.59 Term loans from banks 7,580.47 7,570.57 Term loans from financial institution 2,504.75 2,500.21 Total 42,327.83 43,309.37 Subordinated liabilities in India 42,327.83 43,309.37 Subordinated liabilities outside India - - Total 42,327.83 43,309.37 (#) Terms of repayment given in the repayment schedule