| 188 Annual Report | 2023-2024 Financials Note 46: Disclosures pursuant to the RBI Master direction circular RBI/DoR/2023-24/106 DoR.FIN.REC. No.45/03.10.119/2023-24 (Cont'd) iv) Disclosures relating to Securitisation (Cont'd) B) Details of financial assets sold to securitisation/ reconstruction company for asset reconstruction Refer point number D below on details of non-performing financial assets purchased/ sold C) Details of assignment transactions undertaken by the Company Details of loan transferred/ acquired during the year ended March 31, 2024 vide RBI circular RBI/DOR/2021-22/86 DOR.STR. REC.51/21.04.048/2021-22 on transfer of loan exposures dated September 24, 2021 are given below: (i) Details of loan transfer through direct assignment transaction in respect of loans not in default for the year ended March 31, 2024: D) Details of non-performing financial assets purchased/ sold a. The Company has not purchased any financial assets during the current and previous financial year b. During the current year, the Company has entered into an agreement with Phoenix ARC Private Limited on June 28, 2023 to sell a portfolio of `15,384.18 Lakhs (March 31, 2023: `10,033.36 Lakhs) (net book value), for an aggregate purchase consideration of `12,000 Lakhs (March 31, 2023: ` 9,200 lakhs) out of which the company has invested in 10,43,400 security receipts (March 31, 2023: 800,000 security receipts) at a face value of `1000/- each. Particulars To Banks/ NBFC's Number of loans 1,74,615 Aggregate amount of loans transferred (` in lakhs) 48,867.56 Sale Consideration (` in lakhs) 48,867.56 Weighted average residual maturity (in months) (*) 16.65 Weighted average holding period by the originator (in months) 5.97 Retention of beneficial economic interest by the originator 9.96% to 15.75% Tangible security coverage - Rating-wise distribution of rated loans - Number of instances where it has agreed to replace loans transferred to transferee(s) - Number of instances where it has agreed to pay damages arising out of any representation or warranty - (*) residual maturity from the time of transfer (ii) The Company has not acquired any stressed loans during the financial year ended March 31, 2024. (iii) The Company has acquired loans not in default during the financial year ended March 31, 2024. Particulars Amount Aggregate principal outstanding of loans acquired 15,849.63 Aggregate consideration paid 15,849.63 Weighted average residual tenor of loans acquired (in months) 16.23 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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