| 190 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 47: Transferred financial assets In the course of its micro finance activity, the Company makes transfers of financial assets, where legal rights to the cash flows from the asset are passed to the counterparty and where the Company retains the rights to the cash flows but assumes a responsibility to transfer them to the counterparty. The Company has securitised its loan assets to an unrelated and other entities. As per the terms of the agreements, the Company is exposed to first loss default guarantee ranging from 15.00% to 21.88% (March 31, 2025: 18.00%) of the amount securitised and therefore continues to be exposed to significant risk and rewards relating to the underlying mortgage receivables. Hence, these loan assets are not derecognised and proceeds received are presented as borrowings. The following tables provide a summary of financial assets that have been transferred in such a way that part or all of the transferred financial assets do not qualify for derecognition, together with the associated liabilities: Securitisation Particulars As at March 31, 2026 As at March 31, 2025 Gross carrying amount of securitised assets 55,539.41 41,673.59 Gross carrying amount of associated liabilities 47,151.41 41,003.55 Carrying value and fair value of securitised assets 55,539.41 41,673.59 Carrying value and fair value of associated liabilities 47,151.41 41,003.55 Net position 8,388.00 670.04 Note 48: Related party disclosure A. Names of the related party and nature of relationship: Description of relationship Name Key Managerial Personnel (KMP) Manojkumar N Nambiar (Managing Director) Milind R Nare (Deputy Chief Executive Officer and Chief Financial Officer) Anirudh Singh G Thakur (Company Secretary and Chief Compliance Officer) Nominee Director Nitish Chawla (Non Executive - Nominee Director) Rupa Rajul Vora (Non Executive - Nominee Director) Vemuru Chandramouli (Non Executive - Nominee Director, till May 23, 2025) Vineet Chandra Rai (Promoter Nominee Director) Anurag Agrawal (Promoter Nominee Director) Karina Isabel Alva Alfaro (Non Executive - Nominee Director) Wilhelmus Marthinus Maria Van Der Beek (Non Executive - Nominee Director) Stephen Dongwon Lee (Non Executive - Nominee Director) Piyush Goenka (Non Executive Nominee Director, till May 09, 2025) Sri Radha Ramana Saripalli, SIDBI (Non Executive-Nominee Director, from May 23, 2025) Independent Director Dinesh Kumar Mittal (Non Executive - Independent Director) Jose Joseph Kattoor (Non Executive - Independent Director) Narasimha Kummamuri Murthy (Non Executive-Independent Director) (*) Ulhas Sharadkumar Deshpande (Non Executive - Independent Director) John Arunkumar Diaz (Non-Executive-Independent Director) (*) Appointment was regularised as an Independent Director by the shareholders of the Company at its meeting held on April 22, 2025
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