Arohan Financial Services Limited | Annual Report 2022-23

| 180 Annual Report | 2022-2023 Financial iv) Disclosures relating to Securitisation (Contd.) Note 46: Additional disclosures pursuant to the RBI Master Direction RBI/DNBR/2016-17/45 Master Direction DNBR. PD. 008/03.10.119/2016-17 (Contd.) C) Details of assignment transactions undertaken by the Company Details of loan transferred/ acquired during the year ended March 31, 2023 vide RBI circular RBI/DOR/2021-22/86 DOR. STR.REC.51/21.04.048/2021-22 on transfer of loan exposures dated September 24, 2021 are given below: (i) Details of loan transfer through direct assignment transaction in respect of loans not in default for the year ended March 31, 2023: Particulars To Banks/ NBFC’s Number of loans 2,49,691 Aggregate amount of loans transferred ( ` in lakhs) 54,590.54 Sale Consideration ( ` in lakhs) 54,590.54 Weighted average residual maturity (in months) (*) 14.66 Weighted average holding period by the originator (in months) 7.11 Retention of beneficial economic interest by the originator 2.80% to 15.90% Tangible security coverage - Rating-wise distribution of rated loans - Number of instances where it has agreed to replace loans transferred to transferee(s) - Number of instances where it has agreed to pay damages arising out of any representation or warranty - (*) residual maturity from the time of transfer (ii) The Company has not acquired any stressed loans during the year ended March 31, 2023. (iii) The Company has not acquired loans not in default during the year ended March 31, 2023. D) Details of non-performing financial assets purchased/ sold The Company has not purchased any financial assets during the current and previous year During the current year ended March 31, 2023 (March 31, 2022 : Nil), the Company has entered into a agreement with Phoenix ARC Private Limited on December 29, 2022 to sell a portfolio of ` 10,033.36 Lakhs (net book value) of the Company, for an aggregate purchase consideration of ` 9,200 lakhs out of which the company is allotted with 800,000 security receipts at a face value of ` 1000/- each. (a) The company has transferred certain NPA & SMA loans during the year ended March 31, 2023, details of which are given below: Particulars To ARC’s To permitted transferees NPA SMA (i) Total number of loan assets assigned 1,10,656 21,219 Nil (ii) Aggregate principal outstanding of loans transferred ( ` in lakhs) (*) 22,594.96 5,294.60 Nil (iii) Weighted average residual tenor of loans transferred (in months) 20.43 23.93 Nil (iv) Net book value of loan assets transferred (at the time of transfer) ( ` in lakhs) 6,838.75 3,194.61 Nil (v) Aggregate consideration ( ` in lakhs) 9,200.00 Nil (vi) Addition consideration realised in respect of account transferred in earlier years Nil Nil (*) NPA Includes written off loans of ` 1,325.50 lakhs 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)