| 156 Annual Report | 2025-2026 Financials Arohan Financial Services Limited Notes to financial statements for the year ended March 31, 2026 (cont’d) (All amounts in ₹ lakhs unless otherwise stated) Note 18: Borrowings (other than debt securities) Particulars As at March 31, 2026 As at March 31, 2025 (Measured at amortised cost) (Secured) (a) Term loans (refer note (i) below) - from banks 4,22,849.53 3,54,167.85 - from financial institution 79,038.60 53,967.91 (b) Loans repayable on demand - Cash credit from banks [refer note (ii) below] - 0.11 (c) Liability against securitisation (refer note (iii) below) - from banks 35,925.53 934.67 - from others (*) 11,179.48 - Total 5,48,993.14 4,09,070.54 Borrowings in India 5,48,993.14 4,09,070.54 Borrowings outside India - - Total (a+b+c) 5,48,993.14 4,09,070.54 (*) represents liability against securitisation from asset management company (AMC). Refer note 21(b) for terms of repayment. Nature of Security: (i) All term loans from banks and financial institutions are secured by way of first and exclusive charge, both present & future, over the eligible designated current assets, eligible designated book debts, loan instalments, receivables and underlying assets arising out of finance of the Company. (ii) Cash credit facilities and working capital demand loans from banks are secured by way of first and exclusive charge, both present & future, over the eligible designated current assets, eligible designated book debts, loan instalments, receivables and underlying assets arising out of finance of the Company. (iii) Liabilities against securitisation represents amounts received in respect of securitisation transactions (net of repayments & investment therein) as these transactions do not meet the de-recognition criteria specified under Ind AS 109. These are secured by way of hypothecation of designated assets on finance receivables. Note 19: Subordinated liabilities Particulars As at March 31, 2026 As at March 31, 2025 (Measured at amortised cost) (Unsecured) Non-convertible debentures 22,438.24 32,394.98 Term loans: - from banks - 5,057.33 - from financial institution 2,518.37 2,513.83 Total 24,956.61 39,966.14 Subordinated liabilities in India 24,956.61 39,966.14 Subordinated liabilities outside India - - Total 24,956.61 39,966.14 Refer note 21(a) for terms of repayment.
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