| 184 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 44: Financial risk management (cont’d) A. Credit risk (cont’d) Reconciliation of gross loan from beginning to end of financial year: Particulars Stage 1 Stage 2 Stage 3 Total Gross carrying amount as at March 31, 2024 6,63,360.22 4,101.46 11,157.78 6,78,619.46 Assets originated (*) 3,78,647.86 - - 3,78,647.86 Net transfer between stages Transfer to stage 1 7.45 (5.37) (2.08) - Transfer to stage 2 (11,236.05) 11,236.60 (0.55) - Transfer to stage 3 (41,362.15) (3,538.07) 44,900.22 - Assets derecognised or collected (excluding write offs) (4,23,644.24) (550.61) (155.12) (4,24,349.97) Write - offs (including death cases & settlements) (0.03) - (39,487.37) (39,487.40) Gross carrying amount as at March 31, 2025 5,65,773.06 11,244.01 16,412.88 5,93,429.95 Assets originated (*) 5,84,929.87 - - 5,84,929.87 Net transfer between stages Transfer to stage 1 37.88 (32.65) (5.23) - Transfer to stage 2 (3,508.58) 3,514.46 (5.88) - Transfer to stage 3 (23,487.31) (9,520.93) 33,008.24 - Assets derecognised or collected (excluding write offs) (4,16,551.55) (1,643.58) (1,978.86) (4,20,173.99) Write - offs (including death cases & settlements) (0.40) - (39,718.95) (39,719.35) Gross carrying amount as at March 31, 2026 7,07,192.97 3,561.31 7,712.20 7,18,466.48 (*) Assets originated during the year has been presented on net basis i.e. the collections towards fresh loans has been netted off. Reconciliation of loss allowance from beginning to end of financial year: Particulars Stage 1 Stage 2 Stage 3 Total Loss allowance on March 31, 2024 4,129.35 1,758.54 11,157.78 17,045.67 Increase of provision due to assets originated during the year 7,373.26 - - 7,373.26 Net transfer between stages Transfer to stage 1 3.91 (1.83) (2.08) - Transfer to stage 2 (940.19) 940.74 (0.55) - Transfer to stage 3 (3,544.60) (1,113.88) 4,658.48 - Assets derecognised or collected (5,931.43) (967.83) (3,162.78) (10,062.04) Impact of ECL on exposures transferred between stages during the year 4,519.83 3,001.59 40,528.20 48,049.62 Write - offs (including death cases & settlements) (0.03) - (39,487.37) (39,487.40) Loss allowance on March 31, 2025 (*) 5,610.10 3,617.33 13,691.68 22,919.11 Increase of provision due to assets originated during the year 8,350.26 - - 8,350.26 Net transfer between stages Transfer to stage 1 11.57 (8.62) (2.95) - Transfer to stage 2 (406.61) 409.54 (2.93) - Transfer to stage 3 (1,975.01) (2,726.94) 4,701.95 - Assets derecognised or collected (10,517.56) (625.93) (5,526.43) (16,669.92) Impact of ECL on exposures transferred between stages during the year 8,392.53 1,217.26 33,277.87 42,887.66 Write - offs (including death cases & settlements) (0.40) - (39,718.95) (39,719.35) Loss allowance on March 31, 2026 (*) 9,464.88 1,882.64 6,420.24 17,767.76 * Impairment allowance on investment in security receipts as on March 31, 2026 of ₹2,406.77 lakhs (March 31, 2025: ₹3,400.00 lakhs) was not included in the above table. In addition to that there was an impairment loss as on March 31, 2026 of ₹493.23 lakhs (March 31, 2025: ₹944 lakhs) on account of change in NAV of security receipt.
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