| 176 Annual Report | 2023-2024 Financials Note 41: Financial risk management (Cont'd) (c) Concentration of loans Particulars As at 31 March 2024 As at 31 March 2023 Micro finance loans 6,58,912.70 5,05,831.33 Secured term loans to corporates (#) 19,706.76 854.79 Total 6,78,619.46 5,06,686.12 (#) The secured term loans disbursed to corporates are all secured by book debts. (B) Liquidity risk Liquidity risk is the risk that the Company will encounter difficulty in meeting the obligations associated with its financial liabilities (other than derivatives) that are settled by delivering cash or another financial asset. The Company’s approach to managing liquidity is to ensure as far as possible, that it will have sufficient liquidity to meet its liabilities when they are due. The Company maintains flexibility in funding by maintaining availability under committed credit lines. Management monitors the Company’s liquidity positions (also comprising the undrawn borrowing facilities) and cash and cash equivalents on the basis of expected cash flows. The Company also takes into account liquidity of the market in which the entity operates. (i) Financing arrangements The Company has access to the following funding facilities: As at 31 March 2024 Total facility Drawn Undrawn - Expiring within one year 2,03,000.00 99,200.00 1,03,800.00 - Expiring beyond one year - - - Total 2,03,000.00 99,200.00 1,03,800.00 As at 31 March 2023 Total facility Drawn Undrawn - Expiring within one year 70,000.00 33,500.00 36,500.00 - Expiring beyond one year - - - Total 70,000.00 33,500.00 36,500.00 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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