| 180 Annual Report | 2024-2025 Financials Arohan Financial Services Limited Notes to financial statements for the year ended March 31, 2025 (Contd.) (All amounts in ` lakhs unless otherwise stated) Note 25: Share capital (cont'd) (A) Equity share capital (cont'd) (f) Aggregate number of shares issued for consideration other than cash during the period of five years immediately preceding the reporting date There are no class of shares allotted as fully paid up pursuant to contract(s) without payment being received in cash nor any class of shares allotted as fully paid up by way of bonus shares nor any class of shares bought back during the during the period of five years immediately preceding the reporting date. (B) Compulsorily convertible preference shares Particulars As at March 31, 2025 As at March 31, 2024 Number Amount Number Amount Issued, subscribed and fully paid up compulsorily convertible preference shares Compulsorily convertible preference shares of ₹ 10 each At the beginning of the year - - 2,92,11,177 2,921.12 Additions during the year (**) - - 3,13,19,059 3,131.90 Conversion of compulsorily convertible preference shares into equity shares (***) - - (6,05,30,236) (6,053.02) Balance at the end of the year - - - - (**) Additions made in compulsorily convertible preference shares during the year Particulars As at March 31, 2025 As at March 31, 2024 Number Amount Number Amount Nederlandse Financierings-Maatschappij Voor Ontwikkelingslanden N.V. (FMO) - - 77,89,648 778.96 Danish Sustainable Development Goals Investment Fund K/S (IFU) - - 2,35,29,411 2,352.94 Total additions during the year - - 3,13,19,059 3,131.90 (***) In pursuant to the provisions of the Companies Act, 2013, the Company as per the circular resolution passed by the Board of Directors on March 22, 2024, converted all the Compulsorily Convertible Preference Shares (“CCPS”) having face value of ₹ 6,053.02 lakhs were allotted to the CCPS holder for an aggregate amount of ₹ 51,450.70 lakhs, into equity shares (face value of ₹ 10 each) as per the Share Subscription Agreements (SSA) and as per the approval of the shareholders ranking pari-passu with the existing equity shares of the Company. During the year ended March 31, 2024, the Company has allotted 3,55,35,017 equity shares (face value of ₹ 10 each) pursuant to the compulsory conversion of these CCPS.
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