| 88 Annual Report | 2024-2025 adequacy requirements prescribed by the Reserve Bank of India. The Company was required to maintain a minimum Capital to Risk Asset Ratio (CRAR) of 15% as prescribed under the Non-Banking Financial Company-Micro Finance Institutions (Reserve Bank) Directions, 2016 (as amended from time to time) based on total capital to risk weighted assets. Your Company has maintained a CRAR ratio of 34.09% as on March 31, 2025 which is higher than the RBI prescribed ratio of 15%. The Company has an outstanding, secured and unsecured borrowings of INR 4,70,340.37 lakhs at the end of Financial Year 2024-25. RBI GUIDELINES & SRO Your Company is registered with the Reserve Bank of India (“RBI”) as a Non-Deposit Taking NBFC under Section 45-IA of the RBI Act, 1934. The Directors hereby report that the Company did not accept any public deposits during the year and had no public deposits outstanding as of the year-end. As a member of MFIN (Micro Finance Institutions Network), the Company adheres to the Code of Conduct prescribed by the Self-Regulatory Organisation (SRO) and complies with the standards and regulations issued by the SRO from time to time. CREDIT RATING The Company’s financial discipline and prudence are reflected in the strong credit ratings assigned by the rating agencies, as detailed below: Instrument Rating Agency Rating Outlook Bank Instruments ICRA Limited A Stable Non-Convertible Debentures ICRA Limited A Stable Sub-ordinated Debt ICRA Limited A Stable Bank Instruments CARE Ratings A- Stable Non-Convertible Debenture/ Subordinate Debt CARE Ratings A- Stable PARTICULARS OF EMPLOYEES The Disclosures pertaining to remuneration and other details, as required under Section 197(12) of the Companies Act, 2013 read with Rule 5(2) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 have been annexed herewith as Annexure V to the Directors’ Report. For the details of top ten employees in terms of remuneration drawn, it may be sought by writing an email to compliance@arohan.in. The Disclosures pertaining to remuneration and other details, as required under Section 197(12) of the Companies Act, 2013 read with Rule 5(1) of the Companies (Appointment and Remuneration of Managerial Personnel) Rules, 2014 is not applicable to the Company as the Company is not a listed Company under the Companies Act, 2013. EMPLOYEE STOCK OPTION PLAN (ESOP) The Company currently had implemented the three plans, viz. Arohan Employee Stock Option Plan 2010 (“ESOP 2010”/ “Plan”), Arohan Employee Stock Option Plan 2018 (“ESOP 2018”/ “Plan”) and Arohan Employee Stock Option Plan 2021 (“ESOP 2021”/ “Plan”). Further, Stock Options are granted to eligible employees and KMPs of the Company, under the Arohan ESOP Plans as may be identified and recommended by the Nomination & Remuneration Committee and thereafter approved by the Board. The details of the Employee Stock Option Scheme as per Rule 12(9) of the Companies (Share Capital and Debentures) Rules, 2014 is annexed as Annexure VI. EXTRACT OF ANNUAL RETURN Pursuant to Section 92(3) read with Section 134(3) (a) of the Act, the draft Annual Return as on March 31, 2025 in e-form MGT 7 is available on the Company’s website at the link: https://www.arohan. in/wp-content/uploads/2025/07/form-mgt-7-24-25. pdf AFFIRMATION AND DISCLOSURE All the Directors and members of the Senior Management have affirmed their compliance with the Code of Director’s Report
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