201 | 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 43: Financial risk management (cont'd) A. Credit risk (cont'd) Reconciliation of loss allowance from beginning to end of financial year: Particulars Stage 1 Stage 2 Stage 3 Total Loss allowance on March 31, 2023 4,593.20 11,072.63 12,798.34 28,464.17 Increase of provision due to assets originated during the year 3,415.64 - - 3,415.64 Net transfer between stages Transfer to stage 1 0.05 (2.18) (1.49) (3.62) Transfer to stage 2 (65.05) 3,628.04 (14.49) 3,548.50 Transfer to stage 3 (92.82) (2,392.28) 21,964.94 19,479.84 Assets derecognised or collected (2,029.29) (923.11) (1,884.38) (4,836.78) Impact of ECL on exposures transferred between stages during the year (1,352.45) 14,495.77 956.75 14,100.07 Write - offs (including death cases & settlements) (339.93) (24,120.33) (22,661.89) (47,122.15) Loss allowance on March 31, 2024 4,129.35 1,758.54 11,157.78 17,045.67 Increase of provision due to assets originated during the year 7,373.26 - - 7,373.26 Net transfer between stages Transfer to stage 1 3.91 (1.83) (2.08) - Transfer to stage 2 (940.19) 940.74 (0.55) - Transfer to stage 3 (3,544.60) (1,113.88) 4,658.48 - Assets derecognised or collected (5,931.43) (967.83) (3,162.78) (10,062.04) Impact of ECL on exposures transferred between stages during the year 4,519.83 3,001.59 40,528.20 48,049.62 Write - offs (including death cases & settlements) (0.03) - (39,487.37)(39,487.40) Loss allowance on March 31, 2025 (*) 5,610.10 3,617.33 13,691.68 22,919.11 * Impairment allowance on investment in security receipts as on March 31, 2025 of ₹3,400 lakhs (March 31, 2024: ₹2,000.00 lakhs), was not included in the above table. In addition to that there was an impairment loss as on March 31, 2025 of ₹ 944 lakhs (March 31, 2024: ₹2,118.1 lakhs) on account of change in NAV of security receipts.
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