173 | Annual Report | 2024-2025 Arohan Financial Services Limited Notes to financial statements for the year ended March 31, 2025 (Contd.) (All amounts in ` lakhs unless otherwise stated) Note 18: Borrowings (other than debt securities) As at March 31, 2025 As at March 31, 2024 (Measured at amortised cost) (Secured) (a) Term loans (refer note (i) below) - from banks 3,54,167.85 3,77,239.47 - from financial institution 53,967.91 1,02,558.31 (b) Loans repayable on demand Cash credit from banks [refer note (ii) below] 0.11 - (b) Liability against securitisation (refer note (iii) below) - from banks 934.67 40,998.38 Total 4,09,070.54 5,20,796.16 Borrowings in India 4,09,070.54 5,20,796.16 Borrowings outside India - - Total (a+b) 4,09,070.54 5,20,796.16 Refer note 21(b) for terms of repayment. Nature of Security: (i) All term loans from banks and financial institutions are secured by way of first and exclusive charge, both present & future, over the eligible designated current assets, eligible designated book debts, loan instalments, receivables and underlying assets arising out of finance of the Company. (ii) Cash credit facilities and working capital demand loans from banks are secured by way of first and exclusive charge, both present & future, over the eligible designated current assets, eligible designated book debts, loan instalments, receivables and underlying assets arising out of finance of the Company. (iii) Liabilities against securitisation represents amounts received in respect of securitisation transactions (net of repayments & investment therein) as these transactions do not meet the de-recognition criteria specified under Ind AS 109. These are secured by way of hypothecation of designated assets on finance receivables. Note 19: Subordinated liabilities As at March 31, 2025 As at March 31, 2024 (Measured at amortised cost) (Unsecured) Non-convertible debentures 32,394.98 32,317.73 Term loans: - from banks 5,057.33 5,057.33 - from financial institution 2,513.83 2,509.23 Total 39,966.14 39,884.29 Subordinated liabilities in India 39,966.14 39,884.29 Subordinated liabilities outside India - - Total 39,966.14 39,884.29 Refer note 21(a) for terms of repayment.
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