| 150 Annual Report | 2023-2024 Financials Note 18: Subordinated liabilities (cont'd) Details of subordinated liabilities Particulars As at 31 March 2024 As at 31 March 2023 (a) Term loans from banks and financial institutions (unsecured) Term loan from banks 5,057.33 7,580.47 Term Loan from financial institutions 2,509.23 2,504.75 Subtotal 7,566.56 10,085.22 (b) Non-convertible debentures (unsecured) 13.50% Northern Arc Capital Limited (Face Value `10 lakhs) 650 debentures; maturing in April 2025 (March 31, 2022 - 650 units) 6,500.98 6,492.38 12.85% Karvy Capital Limited (Face Value `10 each) 2,50,00,000 debentures, maturing in October 2026 (March 31, 2022 - 2,50,00,000 units) 2,472.20 2,459.40 13.50% Northern Arc Capital Limited (Face Value `10 each) 3,50,00,000 debentures; maturing in September 2025 (March 31, 2022 - 3,50,00,000 units) 3,491.82 3,483.54 13.65% Piramal Structured Credit Opportunity Fund (Face Value `100 lakhs) 200 debentures; maturing in June 2027 (March 31, 2022 - 200 units) 19,852.74 19,807.29 Subtotal 32,317.74 32,242.61 Total (a+b) 39,884.30 42,327.83 Note 19: Reconciliation of liabilities arising from financing activities The changes in the Company’s liabilities arising from financing activities can be classified as follows: Particulars Debt securities Borrowings (other than debt) Subordinated liabilities Total As on March 31, 2022 28,338.42 3,41,078.35 43,309.37 4,12,726.14 Cash flows: Proceeds 11,462.43 6,44,169.00 - 6,55,631.43 Repayment (9,940.00) (6,05,544.46) (1,000.00) (6,16,484.46) Non cash: Amortisation of upfront fees and interest accrual 223.92 1,233.44 18.46 1,475.82 As on March 31, 2023 30,084.77 3,80,936.33 42,327.83 4,53,348.93 Cash flows: Proceeds 20,538.02 9,14,425.52 - 9,34,963.54 Repayment (9,870.00) (7,86,139.12) (2,500.00) (7,98,509.12) Non cash: Amortisation of upfront fees and interest accrual 151.02 11,573.43 56.46 11,780.91 As on March 31, 2024 40,903.81 5,20,796.16 39,884.29 6,01,584.26 Arohan Financial Services Limited Notes to financial statements for the year ended March 31, 2024 (Contd.) (All amounts in ` lakhs unless otherwise stated)
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