| 210 Annual Report | 2024-2025 Financials C. Short-term employee benefits for key management personnel Name of party with nature of transaction Year ended March 31, 2025 Year ended March 31, 2024 Short-term employee benefits (including remunerations) 378.53 281.29 Post-employment benefits 337.23 266.14 D. Outstanding balances with related parties: Name of the party with nature of balances As at March 31, 2025 As at March 31, 2024 Payable to Directors (*) Dinesh Kumar Mittal 50.00 40.00 Matangi Gowrishankar - 20.00 Rajat Mohan Nag 21.00 25.00 Sumantra Banerjee - 20.00 Vineet Chandra Rai 52.42 30.00 Anurag Agrawal 16.77 20.00 Nitish Chawla - 7.50 Rupa Rajul Vora 20.00 12.50 Wilhelmus Marthinus Maria Van Der Beek - 10.00 Piyush Goenka - 10.00 John Arun kumar Diaz 30.00 5.00 Jose Joseph Kattoor 15.00 - Ulhas Sharad kumar Deshpande 25.00 5.00 (*) The above amounts are excluding taxes (**) The remuneration paid/ payable by the Company to its other directors during the current year is INR 359 lakhs. The limit on such remuneration prescribed under Section 197 read with Schedule V to the Companies Act, 2013 ("the Act") is INR 145.08 lakhs. The excess remuneration is primarily attributable to the value of commission payable to the other directors for the current year. The Company is in the process of obtaining approval from its shareholders at the forthcoming Annual General Meeting for the same by way of special resolution in accordance with the requirements of the Act. As per management's assessment, the approval from shareholders for excess remuneration is probable. Additional disclosures for transaction with entities having common director Description of relationship Name Transaction with entities having common director Ashv Finance Limited Aavishkaar Venture Management Services Private Limited Bharti Airtel Limited (till March 12, 2024) Shivalik Small Finance Bank Aavishkaar Foundation Arohan Financial Services Limited Notes to financial statements for the year ended March 31, 2025 (Contd.) (All amounts in ` lakhs unless otherwise stated) Note 47: Related party disclosure (cont'd)
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