Arohan Financial Services Limited | Annual Report 2022-23

| 146 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 20: Other financial liabilities As at 31 March 2023 As at 31 March 2022 ( Measured at amortised cost ) Payable towards assignment transactions 5,567.49 50.66 Employees dues 2,368.26 1,724.57 Lease liabilities 545.33 450.82 Liability for expenses 140.05 128.97 Other payables 1,325.01 1,358.25 Total 9,946.14 3,713.27 Note 21: Provisions (*) As at 31 March 2023 As at 31 March 2022 Provision for gratuity 1,368.70 959.25 Provision for pension fund 35.31 168.73 Provision for compensated absences 1,064.28 971.72 Total 2,468.29 2,099.70 (*) Refer note 37 on actuarial valuation Note 22: Other non-financial liabilities As at 31 March 2023 As at 31 March 2022 Statutory dues 797.39 497.83 Expenses payable 1,181.29 1,016.11 Advance from customers 90.35 477.89 Others 181.89 80.42 Total 2,250.92 2,072.25 Note 23: Share capital As at 31 March 2023 As at 31 March 2022 Number Amount Number Amount Authorised share capital (*) Equity shares of ` 10 each 18,00,00,000 18,000.00 13,50,00,000 13,500.00 Compulsorily convertible preference shares of ` 10 each 4,50,00,000 4,500.00 2,50,00,000 2,500.00 Balance at the end of the year 22,50,00,000 22,500.00 16,00,00,000 16,000.00 (*) The shareholders of the Company at their extraordinary general meeting held on November 18, 2022 had approved the increase of authorised share capital of the Company. The shareholders of the Company at their extraordinary general meeting held on March 29, 2023 had approved the reclassification of authorised share capital of the Company to 14,50,00,000 equity shares and 8,00,00,000 compulsorily convertible preference shares, the Company has done necessary filing and is awating the approval from Ministry of Corporate Affairs (MCA).