173 | Annual Report | 2025-2026 (vi) Movement in the plan assets recognised in the balance sheet is as under: Particulars As at March 31, 2026 As at March 31, 2025 Fair value of plan assets at beginning of the year 1,822.48 1,518.50 Interest income on plan assets 118.38 114.14 Employer’s contribution 415.85 612.65 Benefits paid (382.66) (388.64) Return on plan assets 30.74 (34.17) Fair value of plan assets at the end of the year 2,004.79 1,822.48 (vii) Actuarial assumptions Particulars As at March 31, 2026 As at March 31, 2025 Discounting rate (per annum) 6.45% 6.50% Future salary increase (per annum) Field staff 8.00% 8.00% Non-field staff 10.00% 8.00% Retirement age (in years) 60 60 Attrition/ withdrawal rate Upto 5 years of service NA 50.00% More than 5 years of service NA 1.00% Attrition/ withdrawal rate Field Staff 40.00% NA Non-field staff 12.00% NA Weighted average duration (in years) 5 11 Mortality rates as per Indian Assured Life Mortality (2012-14) ultimate Gratuity is payable to the employees on death or resignation or on retirement at the attainment of superannuation age. To provide for these eventualities, the Actuary has used Indian Assured Lives Mortality (2012-14) Ultimate table. 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 40: Employee benefits (cont’d) b) Defined benefit plans (cont’d)
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