| 224 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 64: On November 21, 2025, the Government of India notified the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 (collectively, the “Labour Codes”), consolidating 29 existing labour laws. The Ministry of Labour & Employment published draft Central Rules and FAQs to facilitate assessment of the financial impact arising from changes in the regulatory framework. Based on the information available as on the date and the manner consistent with the guidance issued by Institute of Chartered Accountants of India (ICAI), consequently, the implementation of the Labour codes has no material financial impact on the Company, and the said benefits continues to be recognised in accordance with the Company’s policy and applicable Indian Accounting Standards. The Company will continue to track and evaluate the impact of the rules notified by the Central/ State Government post March 31, 2026 and consider the appropriate accounting effect in the relevant periods, as needed. Note 65: Draft Red Herring Prospectus (DRHP): The resolution for taking necessary actions to consider and evaluate an initial public offering of equity shares by way of issue of fresh equity shares and an offer for sale by existing shareholders of the Company have been approved by the Board of Directors in its meeting held on May 15, 2026. Pursuant to the SEBI ICDR (Issue of Capital and Disclosure Requirements) Regulations, 2025, the Company has filed its Draft Red Herring Prospectus (DRHP) with SEBI dated May 15, 2026. This is the summary of material accounting policies and other explanatory information referred in our report of even date For B S R & Co. LLP For and on behalf of the Board of Directors of Chartered Accountants Arohan Financial Services Limited Firm Registration No. 101248W/W-100022 Nitesh Shetty Manojkumar N Nambiar Anurag Agrawal Partner Managing Director Director Membership No 123493 (DIN: 03172919) (DIN: 02385780) Place : Kolkata Place : Kolkata Anirudh Singh G Thakur Milind R Nare Company Secretary and Deputy Chief Executive Officer Chief Compliance Officer and Chief Financial Officer Place: Kolkata Place: Kolkata Date: May 21, 2026 Place: Kolkata Date: May 21, 2026
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