Arohan Financial Services Limited | Annual Report 2022-23

207 | Annual Report | 2022-2023 Note 54: Foreign Currency Disclosure Particulars Year ended 31 March 2023 Year ended 31 March 2022 (a) Earnings in foreign currency Miscellaneous income (Sale of accumulated carbon credit) 6.19 12.74 6.19 12.74 (b) Expenditure in foreign currency Repairs and maintenance 2.98 - Legal and professional expenses 50.66 2.58 53.64 2.58 Note 55: Disclosure in respect of Corporate Social Responsibility under section 135 of the Act and Rules thereon A CSR committee has been formed by the Company as prescribed under section 135, CSR expenses have been incurred throughout the period on the activities as specified in schedule VII of the Act. (*) work was not yet completed as a results the payments were on hold. (**) CSR activities includes environmental and social initiatives. In environmental initiatives there are certain projects like disaster relief, COVID-19 relief, safe drinking water & sanitisation and water conservation whereas social initiatives includes activities as women empowerment & education, livelihood trainings, menstrual hygiene and health and well being. Particulars Year ended 31 March 2023 Year ended 31 March 2022 (a) Gross amount required to be spent during the year 21.83 68.67 (b) Amount of expenditure incurred during the year 21.83 68.67 (c) Shortfall at the end of the year - - (d) Total of previous years shortfall - - (e) Reason for shortfall (*) - - (f ) Nature of CSR activities (**) - - (g) Details of related party transactions 7.16 40.93 (h) where a provision is made with respect to a liability incurred by entering into a contractual obligation, the movements in the provision during the year shall be shown separately At the beginning of the year 9.88 35.09 Fresh provision made during the year 1.50 5.45 Payment made during the year 5.45 30.66 At the closing of the year 5.93 9.88 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)