Arohan Financial Services Limited | Annual Report 2022-23

83 | Annual Report | 2022-2023 ANNEXURE - II FORM NO. AOC-2 Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of section 188 of the Companies Act, 2013 including certain arms length transactions under third proviso thereto (Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014) 1. Details of contracts or arrangements or transactions not at arm's length basis There were no contracts or arrangements or transactions entered into during the year ended March 31, 2023, which were not at arm’s length basis. 2. Details of material contracts or arrangement or transactions at arm's length basis Name of Related Party Nature of Relationship Duration of Contract Date of approval of Board Salient terms Amount (INR in Lakhs) Reimbursement of income Common Directors or Significant Influence During the FY 2022-23 Since these related party transactions (RPTs) are in the ordinary course of business and are at arms length basis, approval of the Board is not applicable. However, necessary approvals were granted by the Audit committee and the Board from time to time. The RPTs entered during the year were in the ordinary course of business and on arms length basis. Ashv Finance Limited 7.92 Business Support fees Aavishkaar Venture Management Services Private Limited 43.31 Intellecap Advisory Services Private Limited 13.30 Ashv Finance Limited 0.47 Remittance from Business transfer agreement Ashv Finance Limited 3.20 Loan availed Shivalik Small Finance Bank 1,000.00 Loan repaid Shivalik Small Finance Bank 141.31 Loan processing charges on loan availed (gross) Shivalik Small Finance Bank 2.73 Interest on fixed deposit (gross) Shivalik Small Finance Bank 70.65 Fixed deposit Shivalik Small Finance Bank 283.15 Accrued finance cost on loan availed (gross) Shivalik Small Finance Bank 8.38 Corporate Social Responsibility Aavishkaar Foundation 47.20 For and on behalf of the Board of Directors Manoj Kumar Narayan Nambiar Date: May 12, 2023 Managing Director Place: Kolkata (DIN: 03172919)