143 | Annual Report | 2023-2024 (#) Impairment allowance represents management overlay of 2,000.00 lakhs as on March 31, 2024 (March 31, 2023 : Nil). Note: The security receipts are rated “IND RR2” and “IND RR3” on a recovery rating scale issued by India Ratings & Research with report dated February 28, 2024 and December 22, 2023 respectively. Arohan Financial Services Limited Notes to financial statements for the year ended March 31, 2024 (Contd.) (All amounts in ` lakhs unless otherwise stated) Note 8: Investments As at 31 March 2024 As at 31 March 2023 At fair value through profit and loss At fair value through other comprehensive income Total At fair value through profit and loss At fair value through other comprehensive income Total Unquoted equity instruments 50,000 (March 31, 2023: 50,000) equity shares in Alpha Micro Finance Consultant Private Limited of ` 10 each, fully paid-up. - 5.00 5.00 - 5.00 5.00 Security receipts 8,00,000 security receipts under Phoenix Trust-FY 23-16 at face value ` 706/- each (March 31, 2023 : 8,00,000 security receipts at face value of ` 984/- each) 5,648.00 - 5,648.00 7,872.00 - 7,872.00 10,43,400 security receipts under Phoenix Trust-FY 2336 at face value ` 717/- each (March 31, 2023 : Nil) 5,363.08 - 5,363.08 - - - Gross investment 11,011.08 5.00 11,016.08 7,872.00 5.00 7,877.00 Less: Impairment allowance (#) (2,000.00) - (2,000.00) - - - Net investment 9,011.08 5.00 9,016.08 7,872.00 5.00 7,877.00 Investments in India 11,011.08 5.00 11,016.08 7,872.00 5.00 7,877.00 Investments outside India - - - - - - Gross investment 11,011.08 5.00 11,016.08 7,872.00 5.00 7,877.00 Less: Impairment allowance (#) (2,000.00) - (2,000.00) - - - Net investment 9,011.08 5.00 9,016.08 7,872.00 5.00 7,877.00
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