85 | Annual Report | 2023-2024 ANNEXURE - II FORM NO. AOC-2 Form for disclosure of particulars of contracts/arrangements entered into by the company with related parties referred to in sub-section (1) of section 188 of the Companies Act, 2013 including certain arms length transactions under third proviso thereto (Pursuant to clause (h) of sub-section (3) of section 134 of the Act and Rule 8(2) of the Companies (Accounts) Rules, 2014) 1. Details of contracts or arrangements or transactions not at arm's length basis There were no contracts or arrangements or transactions entered into during the year ended March 31, 2024, which were not at arm’s length basis. 2. Details of material contracts or arrangement or transactions at arm's length basis Name of Related Party and nature of contract/ arrangement/transactions Nature of Relationship Duration of Contract Date(s) of approval of Board Salient terms Amount (INR in Lakhs) Reimbursement of expense: Common Directors or Significant Influence During the FY 2023-24 Since these related party transactions (RPTs) are in the ordinary course of business and are at arms length basis, approval of the Board is not applicable. However, necessary approvals were granted by the Audit Committee and the Board from time to time. The RPTs entered during the year were in the ordinary course of business and on arms length basis. Ashv Finance Limited 8.04 Business Support fees: Aavishkaar Venture Management Services Private Limited 82.82 Ashv Finance Limited 1.04 Interest Income on transfer of portfolio: Shivalik Small Finance Bank 42.15 Assignor's share received on account assignment transactions: Shivalik Small Finance Bank 1,266.34 Amount paid towards securitisation transaction: Shivalik Small Finance Bank 3,862.21 Communication expenses: Bharti Airtel Limited 41.11 Principal and interest paid towards assignment transactions: Shivalik Small Finance Bank 5,756.74 Loan availed: Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V. (FMO) 20,800.00 Loan repaid: Shivalik Small Finance Bank 565.23 Loan processing charges on loan availed: Shivalik Small Finance Bank 2.73 Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V. (FMO) 243.09 Interest on fixed deposit: Shivalik Small Finance Bank 200.81 Fixed deposit matured: Shivalik Small Finance Bank 1,607.98 Accrued finance cost on loan availed: Shivalik Small Finance Bank 4.04 Finance cost: Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V. (FMO) 633.22 Corporate Social Responsibility: Aavishkaar Foundation 46.42 For and on behalf of the Board of Directors Sd/- Sd/- VINEET CHANDRA RAI MANOJ KUMAR NARAYAN NAMBIAR Date: May 24, 2024 DIRECTOR MANAGING DIRECTOR Place: Kolkata DIN: 00606290 DIN: 03172919
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