Arohan Financial Services Limited | Annual Report 2022-23

| 144 Annual Report | 2022-2023 Financial 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 18: Subordinated liabilities (Contd.) Details of subordinated liabilities Particulars As at 31 March 2023 As at 31 March 2022 (a) Term loans from banks (unsecured) Term loan from banks 7,580.47 7,570.57 Term Loan from financial institutions 2,504.75 2,500.21 Subtotal 10,085.22 10,070.78 (b) Non-convertible debentures (unsecured) 14.25% IFMR Capital Finance Private Limited (Face Value ` 10 lakhs) nil debentures maturing in September 2022 (March 31, 2022 - 100 units) - 1,073.07 13.50% Northern Arc Capital Limited (Face Value ` 10 lakhs) 650 debentures; maturing in April 2025 (March 31, 2022 - 650 units) 6,492.38 6,470.61 12.85% Karvy Capital Limited (Face Value ` 10 each) 2,50,00,000 debentures, maturing in October 2026 (March 31, 2022 - 2,50,00,000 units) 2,459.40 2,447.22 13.50% Northern Arc Capital Limited (Face Value ` 10 each) 3,50,00,000 debentures; maturing in September 2025 (March 31, 2022 - 3,50,00,000 units) 3,483.54 3,485.84 13.65% Piramal Structured Credit Opportunity Fund (Face Value ` 100 lakhs) 200 debentures; maturing in June 2027 (March 31, 2022 - 200 units) 19,807.29 19,761.85 Subtotal 32,242.61 33,238.59 Total (a+b) 42,327.83 43,309.37 Note 19 Reconciliation of liabilities arising from financing activities The changes in the Company’s liabilities arising from financing activities can be classified as follows: Particulars Debt securities Borrowings (other than debt) Subordinated liabilities Total As on March 31, 2021 1,00,735.92 3,19,775.64 21,008.31 4,41,519.87 Cash flows: Proceeds - 4,67,025.59 22,234.59 4,89,260.18 Repayment (69,977.67) (4,45,766.13) - (5,15,743.80) Non cash: Amortisation of upfront fees and interest accrual (2,419.83) 43.25 66.47 (2,310.11) As on March 31, 2022 28,338.42 3,41,078.35 43,309.37 4,12,726.14 Cash flows: Proceeds 11,462.43 6,44,169.00 - 6,55,631.43 Repayment (9,940.00) (6,05,544.46) (1,000.00) (6,16,484.46) Non cash: Amortisation of upfront fees and interest accrual 223.92 1,233.44 18.46 1,475.82 As on March 31, 2023 30,084.77 3,80,936.33 42,327.83 4,53,348.93