| 218 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 48: Disclosures pursuant to the RBI Master direction circular RBI/DoR/2023-24/106 DoR.FIN. REC.No.45/03.10.119/2023-24 (cont'd) vii) Miscellaneous (cont'd) F) Ratings assigned by credit rating agencies and migration of ratings during the year The details of ratings assigned by Credit Analysis & Research Limited (CARE) dated March 31, 2025 and ICRA Limited vide report dated January 14, 2025 during the year are as follows: Facilities Ratings Remarks Long-term Bank facilities CARE A- (Stable outlook)/ ICRA A (Stable outlook) Reaffirmed Non-Convertible Debentures and Unsecured Subordinated Tier II Debt ICRA A (Stable outlook) Reaffirmed G) Remuneration including sitting fees of Directors (other than Managing Director) (Refer note 47) Name of Directors As at March 31, 2025 As at March 31, 2024 A. Director's commission (*) Dinesh Kumar Mittal 50.00 40.00 Matangi Gowrishankar - 20.00 Rajat Mohan Nag 21.00 25.00 Sumantra Banerjee - 20.00 Nitish Chawla - 7.50 Rupa Vora 20.00 12.50 Vineet Chandra Rai 150.00 30.00 Anurag Agrawal 48.00 20.00 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 B. Sitting fees Dinesh Kumar Mittal 6.75 7.15 Matangi Gowrishankar - 6.65 Rajat Mohan Nag 6.25 9.40 Sumantra Banerjee - 7.50 Ulhas Sharadkumar Deshpande 6.00 1.25 John Arun Kumar Diaz 9.75 2.00 Rupa Rajul Vora 4.00 2.50 Vemuru Chandramouli 0.50 - Josh Joseph Kattoor 2.75 - Piyush Goenka 4.00 - Vineet Chandra Rai 3.50 - Anurag Agrawal 4.50 - (*) 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.
RkJQdWJsaXNoZXIy NTE5NzY=