209 | Annual Report | 2023-2024 Note 50: Disclosures pursuant to Scale Based Regulation as per circular RBI/DoR/2023-24/106 DoR.FIN.REC. No.45/03.10.119/2023-24 (Cont'd) 4) Details of non-compliance with requirements of Companies Act, 2013: There are no default in compliance with the requirements of Companies Act, 2013, including with respect to compliance with accounting and secretarial standards. 5) Details of penalties and strictures: The Company has complied with all the requirements of regulatory authorities. No penalties or strictures were imposed on the Company by Stock Exchanges or Securities and Exchange Board of India (SEBI) or Reserve Bank of India (RBI) or any statutory authority on any matter related to the activities of the Company. (b) There are no modified opinion expressed by the auditors. (c) There are no items of income and expenditure of exceptional nature. (d) Breach of financial covenant: During the current financial year there are no breach of financial covnant of all the borrowing facilities. (e) Divergence in asset classification and provisioning There has been no instance of additional provisioning requirement assessed by Reserve Bank of India (RBI) exceeding five percent of the reported profit before tax and impairment loss on financial instruments, neither there has been any instance of additional gross NPAs identified by RBI exceeding five percent of the reported gross NPAs for the pervious financial year. Note 51: Disclosures on loans to Directors, senior officers and relatives of Directors pursuant to the RBI Master direction circular RBI/DoR/2023-24/106 DoR.FIN.REC.No.45/03.10.119/2023-24 Loans to Directors, senior officers and relatives of Directors As at 31 March 2024 As at 31 March 2023 Directors and their relatives Nil Nil Entities associated with directors and their relatives Nil Nil Senior officers and their relatives (*) 8.51 Nil (*) The loan to the senior officer is as per the staff loan policy of the Company 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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