241 | 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 61: Contingent liabilities and commitments Particulars As at March 31, 2025 As at March 31, 2024 1. Contingent liabilities classified as: (a) Claims against the company not acknowledged as debt Demand for income tax and GST received from respective authorities in respect of which the Company has gone for appeal. Based on the management assessment, crystallization of liability on these items is not considered probable and hence not acknowledged as debt by the Company 399.32 17.12 (b) Guarantees excluding financial guarantee - - (c) Other money for which the company is contingently liable - - 2. Commitments classified as: (a) Estimated amount of contracts remaining to be executed on capital account and not provided for Capital commitment for purchase/ development of tangible and intangible asset (net of advances). 10.66 62.68 (b) Uncalled liability on shares and other investments partly paid up. - - (c) Other commitments (Sanctioned loan undisbursed) 509.79 1,500.00 Note 62: Additional regulatory information pursuant to Ministry of Company Affairs Notification dated March 24, 2021: A. Title deeds of Immovable Property The Company does not own any immovable property in the form of land and building. B. Loans or advances in the nature of loans are granted to promoters, directors, KMPs and the related parties The Company has not granted any loans to promoters, directors, KMPs and the related parties. C. Details of Benami Property held There have been no proceedings initiated or pending against the Company for holding any benami property under the Benami Transactions (Prohibition) Act, 1988 (45 of 1988) and rules made thereunder. D. Borrowings from banks or financial institutions on the basis of security of current assets The Company has availed borrowings from banks or financial institutions on the basis of security of current assets and the returns or statements of current assets filed by the Company with banks or financial institutions as at March 31, 2025, are in agreement with the books of accounts.
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