Arohan Financial Services Limited | Annual Report 2022-23

183 | Annual Report | 2022-2023 Note 46: Additional disclosures pursuant to Para 19 of Master Directions - Non-Banking Financial Company - Systemically Important Non-Deposit taking company and Deposit taking company (Reserve Bank) Directions, 2016. (contd.) vii) Miscellaneous (Contd.) F) Ratings assigned by credit rating agencies and migration of ratings during the year The details of ratings assigned by Credit Analysis & Research Limited (CARE) dated November 25, 2022 and ICRA Limited vide report dated December 21, 2022 & December 26, 2022 during the year are as follows: Facilities Ratings Remarks Long-term Bank facilities ICRA A (-ve) (Stable outlook)/ CARE A (-ve) (Negative outlook) Reaffirmed Non-Convertible Debentures ICRA A (-ve) (Stable outlook)/ CARE A (-ve) (Negative outlook) Reaffirmed Unsecured Subordinated Tier II Debt ICRA A (-ve) (Stable outlook)/ CARE A (-ve) (Negative outlook) Reaffirmed G) Remuneration including sitting fees of Directors (other than Managing Director) [Refer note 45] Name of Directors As at 31 March 2023 As at 31 March 2022 A. 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 B. 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 viii) Additional Disclosures A) Provisions and Contingencies Break up of ‘provisions and contingencies’ shown under the head expenditure in Statement of Profit and Loss As at 31 March 2023 As at 31 March 2022 Provision towards standard assets (15,636.68) (5,015.51) Provision towards non performing assets (*) 1,081.92 (19,944.14) Provision made towards Income tax (including for earlier years and deferred tax) 1,923.73 2,199.07 Other provisions and contingencies (employee benefits) 368.59 311.19 (*) Does not include provision on accrued NPA interest as the same is netted off in income. 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)