Arohan Financial Services Limited | Annual Report 2022-23

| 176 Annual Report | 2022-2023 Financial Note 45: Information on related party transactions as required by Ind AS - 24: (Contd.) B. Nature of transactions with related parties: (Contd.) Name of party with nature of transaction Year ended 31 March 2023 Year ended 31 March 2022 Interest on fixed deposit (gross) Shivalik Small Finance Bank 70.65 - Remittance under business transfer agreement Ashv Finance Limited 3.20 1,850.45 Reimbursement of expenses paid Intellectual Capital Advisory Services Private Limited - 0.19 Aavishkaar Venture Management Services Private Limited - 2.68 Intellecap Advisory Services Private Limited - 2.68 Ashv Finance Limited 7.92 16.06 Business support fees Aavishkaar Venture Management Services Private Limited 43.31 29.28 Intellecap Advisory Services Private Limited 13.30 9.40 Ashv Finance Limited 0.47 0.42 Corporate social responsibility Aavishkaar Foundation (*) 47.20 75.64 Director’s commission (#) Dinesh Kumar Mittal 25.00 25.00 Matangi Gowrishankar 12.50 15.00 Rajat Mohan Nag 12.50 10.00 Sumantra Banerjee 12.50 10.00 Remuneration Manoj Kumar N Nambiar 230.62 138.61 Milind R Nare 123.54 105.54 Anirudh Singh G Thakur 88.75 74.29 Ranjan Das 80.84 65.87 Bharath Sondur 48.11 75.19 Sitting Fees (#) Dinesh Kumar Mittal 4.60 3.20 Matangi Gowrishankar 7.00 6.40 Rajat Mohan Nag 5.80 6.20 Sumantra Banerjee 5.20 7.20 (*) Includes CSR contribution by Arohan employees of ` 40.04 Lakhs (March 31, 2022 : ` 34.71 Lakhs) (#) The above amounts are excluding taxes 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)