191 | 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 39: Employee benefits (cont'd) b) Defined benefit plans (cont'd) (viii) Maturity profile of defined benefit obligation (discounted) Particulars Year ended March 31, 2025 Year ended March 31, 2024 Year 0 to 1 year 385.45 227.95 1 to 2 year 108.45 219.42 2 to 3 year 117.90 68.62 3 to 4 year 99.98 80.82 4 to 5 year 70.76 67.23 5 year onwards 719.69 649.68 Total 1,502.23 1,313.72 (ix) Particulars Year ended March 31, 2025 Year ended March 31, 2024 Expected employer contributions for next financial year 541.99 433.09 (b) Pension Fund The Company has a defined benefit pension plan. Family members of eligible deceased employee is entitled to pension as per the provisions of the Pension scheme. The liability of pension is recognized on the basis of actuarial valuation. Risks associated with plan provisions Salary increases Actual salary increases will result in increase in the Plan’s liability. Increase in salary rate assumption in future valuations will also increase the liability. Discount rate Reduction in discount rate in subsequent valuations can increase the plan’s liability. Mortality & disability Actual deaths cases proving lower or higher than assumed in the valuation can impact the liabilities. Withdrawals Actual withdrawals proving higher or lower than assumed withdrawals and change of withdrawal rates at subsequent valuations can impact Plan’s liability. (i) Amount recognised in the balance sheet is as under: Particulars Year ended March 31, 2025 Year ended March 31, 2024 Present value of obligation - 28.21 Net obligation recognised in balance sheet as provision - 28.21
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