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) D) Details of non-performing financial assets purchased/ sold (Cont'd) (a) The company has transferred certain NPA & SMA loans during the year ended March 31, 2024, details of which are given below: Particulars To ARC’s To permitted transferees NPA SMA (i) Total number of loan assets assigned 69,070 78,009 Nil (ii) Aggregate principal outstanding of loans transferred (` in lakhs) (*) 15,267.65 23,394.04 Nil (iii) Weighted average residual tenor of loans transferred (in months) 11.18 25.10 Nil (iv) Net book value of loan assets transferred (at the time of transfer) (` in lakhs) Nil 15,384.18 Nil (v) Aggregate consideration (` in lakhs) 12,000.00 Nil (vi) Addition consideration realised in respect of account transferred in earlier years Nil Nil (*) NPA Includes written off loans of ` 6,764.99 lakhs (b) Security Receipt’s (SR’s) held and recovery ratings assigned to such SR’s by the credit rating agency. Particulars Category of recovery ratings As at March 31, 2024 (` in lakhs) Security Receipts under trust floated by ARC's (FY 23-16) IND RR2 (75%-100%) 5,648.00 Security Receipts under trust floated by ARC's (FY 23-36) IND RR3 (50%-75%) 5,363.08 v) Asset Liability Management Disclosures relating to maturity pattern of certain items of assets and liabilities are given in Note 52. vi) Exposures A) Exposure to Real Estate Sector The Company did not have any exposure to real estate sector during the current and previous year. B) Exposure to Capital Market The Company did not have any exposure to capital market during the current and previous year. C) Details of financing of parent company products The Company does not have a parent company and accordingly disclosures is not required. D) Details of Single Borrower Limit (SBL)/Group Borrower Limit (GBL) exceeded by the NBFC There are no instances of exceeding the single and group borrowing limit by the Company during the current and previous year. E) Unsecured Advances - Refer Note 7. vii) Miscellaneous A) Registration obtained from other financial sector regulators The Company has obtained a certificate of registration under registration number CA0891 dated January 04, 2024 to act as Corporate Agent (Composite) under Insurance Regulatory and Development Authority of India (IRDA) and having Corporate Identity Number of U74140WB1991PLC053189 under Ministry of Corporate affairs. B) Disclosure of penalties imposed by RBI and other regulators No penalties (March 31, 2023: `0.16 lakhs) has been paid to Reserve Bank of India. C) Disclosure of intra-group exposures The Company has no intra-group exposures for the current and previous year. D) Disclosure of unhedged foreign currency exposure The Company has no unhedged foreign currency exposure for the current and previous year. Arohan Financial Services Limited Notes to financial statements for the year ended March 31, 2024 (Contd.) (All amounts in ` lakhs unless otherwise stated) 189 | Annual Report | 2023-2024
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