Borrowings EIR Summary

Ledger Head Ledger ID Method Total Expenses Tenor
KKR (Incred) 445 EIR 1,635,000 21

INCRED FINANCE 445 EIR 470,063 24
Discount on issue of Debentures(NCD - 11.6% OXY -LISTED
DEBENTURES) EIR 2400000 20
Discount on issue of Debentures(NCD-11.65%DEBENTURES
FROM INCRED-ALPHA) EIR 2000000 20
KF002308:
Discount on issue of 2812200 is processing fe
Debentures(11.65%DEBENTURES(NCD-2)FROM OXYZO
FINANCIAL SERVICES PRIVATE LIMITED) EIR 8812200 19
Discount on issue of
Discount on issue of Debentures 11.6% (NCD)FROM

CATALYST TRUSTEESHIP LIMITED(TEXTERITY PRIVATE
LIMITED) EIR 3000000 18
644,389.51
Un amortised
(incl Ind AS adj
4/1/2023 5/1/2023 6/1/2023 7/1/2023 8/1/2023 9/1/2023 entries)
77,857.14 77,857.14 77,857.14 77,857.14 77,857.14 77,857.14 311,428.57
19,585.94 19,585.94 19,585.94 19,585.94 19,585.94 19,585.94 332,960.94
120,000.00 120,000.00 120,000.00 120,000.00 1,920,000.00
100,000.00 100,000.00 100,000.00 1,700,000.00

KF002308:
2812200 is processing fee
463,800.00 463,800.00 7,884,600.00
368,421.05 368,421.05 6,263,157.89

1,805,171.13 604536.534
As per EIR
Amortised
expenses UPTO Un amortised as
April EIR
128,550.68 182,877.89 215,084.04 -32,206.15
283,657.28 49,303.65 40,996.63 8307.0223
1647031.497022 272,968.50 218,744.67 54223.8342
1445765.816504 254,234.18 204,311.93 49922.2488
7073162.5744 811,437.43 543,454.35 267983.074
6028808.421528 234,349.47 -21,957.03 256306.503

KKR (Incred) 445 EIR 1,635,000 21
KF002308:

856,428.57
4/1/2022 5/1/2022 6/1/2022 7/1/2022 8/1/2022 9/1/2022 10/1/2022 11/1/2022

77,857 77,857 77,857 77,857 77,857 77,857 77,857
KF002308:
972,201.70
Un amortised (incl
12/1/2022 1/1/2023 2/1/2023 3/1/2023 Ind AS adj entries) 4/1/2023 5/1/2023 6/1/2023
77,857 77,857 77,857 77,857 503,222 77,857.14 77,857.14 77,857.14
19,586 468,980 19,585.94 19,585.94 19,585.94
2400000 120,000.00
2000000
8812200
7000000
3000000
741,832.59
As per EIR
Un amortised Amortised
(incl Ind AS adj expenses UPTO
7/1/2023 8/1/2023 9/1/2023 entries) April
77,857.14 77,857.14 77,857.14 389,285.71 174,201.68
19,585.94 19,585.94 19,585.94 352,546.88 311,550.24
120,000.00 120,000.00 120,000.00 2,040,000.00 1821255.331228
100,000.00 100,000.00 100,000.00 1,800,000.00 1595688.065287
463,800.00 463,800.00 8,348,400.00 7804945.648149
368,421.05 368,421.05 6,631,578.95 6653535.977072

1,200,634.59 683759.9759
Un amortised
as EIR
215,084.04 239,092.53 -24,008.49
40,996.63 30,678.18 10,318.45
218,744.67 125,768.80 92,975.87
204,311.93 121,335.11 82,976.82
543,454.35 543,454.35
-21,957.03 -21,957.03
KKR (Incred) 445 EIR 1,635,000 21
KF002308:

856,428.57
4/1/2022 5/1/2022 6/1/2022 7/1/2022 8/1/2022 9/1/2022 10/1/2022 11/1/2022

77,857 77,857 77,857 77,857 77,857 77,857 77,857
KF002308:
972,201.70
Un amortised (incl
77,857 77,857 77,857 77,857 503,222 77,857.14 77,857.14 77,857.14
19,586 468,980 19,585.94 19,585.94 19,585.94
2400000 120,000.00
2000000
8812200
7000000
3000000
839,275.67
As per EIR
Amortised
Un amortised as expenses UPTO
7/1/2023 8/1/2023 9/1/2023 SLM April
77,857.14 77,857.14 77,857.14 467,142.86 228,050.33
19,585.94 19,585.94 19,585.94 372,132.81 341,454.63
120,000.00 120,000.00 120,000.00 2,160,000.00 2034231.203377
100,000.00 100,000.00 100,000.00 1,900,000.00 1778664.888446
463,800.00 463,800.00 8,812,200.00
368,421.05 368,421.05 7,000,000.00

516,874.62 205998.2896
Un amortised
as EIR
239,092.53 256,511.52 -17,418.98
30,678.18 19,289.81 11,388.37
125,768.80 35,075.00 90,693.79
121,335.11 0 121,335.11
KKR (Incred) 445 EIR 1,635,000 21
KF002308:

856,428.57
4/1/2022 5/1/2022 6/1/2022 7/1/2022 8/1/2022 9/1/2022 10/1/2022 11/1/2022

77,857 77,857 77,857 77,857 77,857 77,857 77,857
KF002308:
972,201.70
Un amortised (incl
77,857 77,857 77,857 77,857 503,222 77,857.14 77,857.14 77,857.14
19,586 468,980 19,585.94 19,585.94 19,585.94
2400000 120,000.00
2000000
8812200
7000000
3000000
936,718.75
As per EIR
7/1/2023 8/1/2023 9/1/2023 entries) April
77,857.14 77,857.14 77,857.14 545,000.00 288,488.48
19,585.94 19,585.94 19,585.94 391,718.75 372,428.94
120,000.00 120,000.00 120,000.00 2,280,000.00 2244924.996353
100,000.00 100,000.00 100,000.00 2,000,000.00
463,800.00 463,800.00 8,812,200.00
368,421.05 368,421.05 7,000,000.00

275,801.32 33453.316
Un amortised
as EIR
256,511.52 269,559.69 -13,048.17
19,289.81 7,863.33 11,426.48
35,075.00 0 35,075.00
KKR (Incred) 445 EIR 1,635,000 21
KF002308:
2812200 is processing
fee
972,201.70
Un amortised (incl
Ind AS adj entries) 4/1/2023 5/1/2023 6/1/2023 7/1/2023 8/1/2023 9/1/2023
503,222 77,857.14 77,857.14 77,857.14 77,857.14 77,857.14 77,857.14
468,980 19,585.94 19,585.94 19,585.94 19,585.94 19,585.94 19,585.94
KF002308:
2812200 is processing
fee
1,034,161.83 277,423.01
As per EIR As per EIR

Un amortised Amortised Amortised
(incl Ind AS adj expenses UPTO expenses Un amortised
entries) April UPTO Sep as EIR
622,857.14 353,297.46 269,559.69 274,276.05
411,304.69 403,441.36 7,863.33 12,915.08
-9768.1136
-4,716.36
-5,051.75
KKR (Incred) 445 EIR 1,635,000 21
856,428.57
4/1/2022 5/1/2022 6/1/2022 7/1/2022 8/1/2022 9/1/2022 10/1/2022 11/1/2022

77,857 77,857 77,857 77,857 77,857 77,857 77,857
972,201.70 1,150,107.94
Un amortised
Un amortised (incl (incl Ind AS adj
12/1/2022 1/1/2023 2/1/2023 3/1/2023 Ind AS adj entries) 4/1/2023 entries)
77,857 77,857 77,857 77,857 503,222 77,857.14 700,714.29
19,586 468,980 19,585.94 449,393.66
287,191.13 30344.8327
As per EIR
Amortised
expenses UPTO Un amortised
April as EIR
426,438.24 274,276.05 275349.3 -1,073.28
436,478.58 12,915.08 -18503 31,418.11
Keertana Finserv Private Limited
S. no Particulars
1 The company has borrowings in the from of term loans which have both
fixed and floating interest rates. For the purpose of computing EIR, goal-
seek method has been used. In case of floating interest loans, interest rate
on the date of transaction is considered as the interest rate for calculating
EIR.
2 The upfront transaction cost is adjusted against borrowing. Interest is

charged on this net borrowing amount at EIR computed as per above step.
3 In case of closure before the loan tenure, unamortised borrowing cost is

charged to P&L in that year.
Accounting entry
IGAAP
Unamortised 27,347,088
Charged in FY 2022-23 10,244,705
Total Borrowing cost 37,591,793
Ind AS Total Unamortised Charge to PL

SLM 35,486,730 26,273,598 9,213,132
EIR 2,105,063 972,202 1,132,861
Total 37,591,793 27,245,800 10,345,993
Ind AS adjustment 101,287 Impact of EIR & SLM error re
2022-23 Finance Cost A/c Dr 101,287

To un-amortised borrowing cost Cr -101,287
Reclassification entry
Documentation charges Dr 1,713,696
Processing Fees on borrowings Cr -1,713,696
(Reclassification of Documentation
charges not directly attributable to
loans)
EIR Adj 256,846

Difference due to error
IGAAP 27,347,088
IFSL (EIR Approach) 1,229,048
Total unamortised borrowing cost 26,118,040
Difference -155,559
-155,559
Impact of EIR & SLM error rectified 101,287
Term loans 47,782

Related party loan 2,948
Unamortised borrowing cost -272
Accrued Interest 182
Total 50,640
As per BS 50,640
Difference 0
Short Term 17,192.99
Long Term 33,447.41
50,640.40
Ind AS Total Unamortised Charge to PL

SLM 26273598.4366 26273598.4366 9213131.56341
EIR 1131605 1,150,107.94 1132861.30191
Total 37591793 27245800.1347 10345992.8653
Impact of EIR & SLM error rectified
862,916.82 287,191.13 256846.3 30,344.83
Sr. No Particulars Date of Date of Tenor of
borrowing redemption Loan
1 InCred Financial Services Limited 17-May-22 2/17/2024 21

2 InCred Financial Services Limited TL-2 30-Mar-23 3/30/2025 24
As per financials
Nature of security Coupon Amount of Amount of Amount of Transaction Transaction
(Whether term loan, Rate Borrowing at borrowing borrowing as Cost cost to be
NCD Privately Placed, inception as of 31st of 31st recognised
NCD Publicly placed etc) March 2022 March 2023
Term Loan 14.25% 150,000,000 NA 90,222,742 1,635,000 1,131,778

Term Loan 14.75% 57,500,000 NA 57,500,000 470,063 1,082.91
1,132,861
As per EIR W
Non Current Current Coupon Principal Redemption Amount of Coupon EIR
Value As on Maturities Payout Amount at Par or at Premium on Rate
31st March as on 31st Frequency Payout Premium ? redemption
2022 March 2022 Frequency if any
Monthly Monthly NA NA 14.25% 15.43%

Monthly Monthly NA NA 14.75% 15.56%
As per EIR Workings- FY 2023
Amount of Amount of Interest Amount of un Transaction Transaction
Borrowing at borrowing as Expenses borrowing as Amortised cost to be cost
inception on 31st March (March'23 on 31st March Borrowing recognised amortised
2023- IGAAP Only) 2023 cost till March- as per
INDAS 2023 IGAAP
150,000,000 90,222,742 1,204,676 89,719,520 503,222 1,131,778 856,429

57,500,000 57,500,000 24,319 57,031,020 468,980 1,083 19,586
972,202
Charge to Un
P/L amortised
borrowing
cost as per
IGAAP
275,349 778,571
-18,503 450,477
256,846 1,229,048
Particulars of the Borrowing - InCred Financial Services Limited
Initial Loan Sanction: 150,000,000

Loan availed on: 17-May-22
Tenure of the loan 21-months
Transaction Cost: 1,635,000 1.09%
Monthly Installment -
Interest Rate (Fixed Rate) 14.25%
Effective Interest Rate 15.43%
IGAAP
Repayment
Month Date Date Opening IGAAP
Balance Actual Interest
(a) (b)
1 17-May-22 150,000,000
2 31-May-22 150,000,000 819,863
3 10-Jun-22 30-Jun-22 150,000,000 1,756,849
4 10-Jul-22 31-Jul-22 150,000,000 1,763,303
5 10-Aug-22 31-Aug-22 143,644,279 1,686,231
6 10-Sep-22 30-Sep-22 137,270,198 1,557,381
7 10-Oct-22 31-Oct-22 130,818,973 1,529,318
8 10-Nov-22 30-Nov-22 124,238,598 1,403,519
9 10-Dec-22 31-Dec-22 117,629,655 1,368,425
10 10-Jan-23 31-Jan-23 110,894,802 1,286,623
11 10-Feb-23 28-Feb-23 104,124,363 1,090,082
12 10-Mar-23 31-Mar-23 97,271,983 1,119,463
13 10-Apr-23 30-Apr-23 90,222,742 1,001,900
14 10-May-23 31-May-23 83,202,114 948,451
15 10-Jun-23 30-Jun-23 76,064,035 834,730
16 10-Jul-23 31-Jul-23 68,872,048 773,642
17 10-Aug-23 31-Aug-23 61,566,130 684,716
18 10-Sep-23 30-Sep-23 54,198,679 576,570
19 10-Oct-23 31-Oct-23 46,742,062 503,683
20 10-Nov-23 30-Nov-23 39,176,950 399,211
21 10-Dec-23 31-Dec-23 31,538,528 318,219
22 10-Jan-24 31-Jan-24 23,795,348 223,838
23 10-Feb-24 29-Feb-24 15,970,767 122,076
24 10-Mar-24 31-Mar-24 8,051,487 31,434
21,799,527
1,405,479.45
Derived using Goal Seek 1.18%
IGAAP Ind AS
Closing IGAAP Opening Ind AS

Principal Repyament Balance Balance Interest
(c) (d) = (b) + ( c) (e) = (a) + (b) - (d) (f) (g)
- - 150,000,000 148,365,000
- 819,863 150,000,000 148,365,000 878,241
- 1,756,849 150,000,000 148,423,378 1,882,685
6,355,721 8,119,024 143,644,279 148,549,214 1,890,657
6,374,081 8,060,312 137,270,198 142,320,848 1,808,857
6,451,225 8,008,606 130,818,973 136,069,393 1,671,427
6,580,375 8,109,693 124,238,598 129,732,213 1,642,021
6,608,943 8,012,462 117,629,655 123,264,541 1,507,669
6,734,853 8,103,278 110,894,802 116,759,748 1,470,614
6,770,439 8,057,062 104,124,363 110,127,085 1,383,361
6,852,380 7,942,462 97,271,983 103,453,385 1,172,625
7,049,241 8,168,704 90,222,742 96,683,548 1,204,676
7,020,628 8,022,528 83,202,114 89,719,520 1,078,684
7,138,079 8,086,530 76,064,035 82,775,676 1,021,592
7,191,987 8,026,717 68,872,048 75,710,738 899,539
7,305,918 8,079,560 61,566,130 68,583,560 834,080
7,367,451 8,052,167 54,198,679 61,338,080 738,564
7,456,617 8,033,187 46,742,062 54,024,477 622,221
7,565,112 8,068,795 39,176,950 46,613,511 543,809
7,638,422 8,037,633 31,538,528 39,088,525 431,227
7,743,180 8,061,399 23,795,348 31,482,119 343,895
7,824,581 8,048,419 15,970,767 23,764,615 242,016
7,919,280 8,041,356 8,051,487 15,958,212 132,056
8,051,487 8,082,921 - 8,048,911 34,009
150,000,000 171,799,527 23,434,527
Ind AS
Processing
Closing Ind AS Fees Unamortised
Balance recognised Processing Fees
(h) = (f) + (g) - (d) (i) = (g) - (b) (j)
148,365,000 - 1,635,000 -
148,423,378 58,378 1,576,622 58,378
148,549,214 125,836 1,450,786 184,214 10000
142,320,848 127,355 1,323,431 311,569
136,069,393 122,626 1,200,805 434,195
129,732,213 114,045 1,086,760 548,240 284259.003292824 925167.8
123,264,541 112,703 974,057 660,943 123,151,838
116,759,748 104,150 869,907 765,093
110,127,085 102,190 767,717 867,283
103,453,385 96,739 670,978 964,022
96,683,548 82,543 588,435 1,046,565
89,719,520 85,213 503,222 1,131,778 -503,222
82,775,676 76,784 426,438 1,208,562
75,710,738 73,141 353,297 1,281,703
68,583,560 64,809 288,488 1,346,512
61,338,080 60,438 228,050 1,406,950
54,024,477 53,849 174,202 1,460,798
46,613,511 45,651 128,551 1,506,449
39,088,525 40,125 88,425 1,546,575
31,482,119 32,017 56,409 1,578,591
23,764,615 25,676 30,733 1,604,267
15,958,212 18,178 12,555 1,622,445
8,048,911 9,979 2,576 1,632,424
0 2,576 -0 1,635,000
1,635,000 14,437,446
Particulars of the Borrowing - InCred Financial Services Limited TL-2
Initial Loan Sanction: 57,500,000

Loan availed on: 30-Mar-23
Tenure of the loan 24 months
Transaction Cost: 470,063 0.82%
Monthly Installment
Interest Rate (Fixed Rate) 14.75%
Effective Interest Rate 15.56%
IGAAP
Repayment
Month Date Date Opening IGAAP
Balance Actual Interest
(a) (b)
1 30-Mar-23 57,500,000 -
2 31-Mar-23 57,500,000 23,236
3 10-Apr-23 30-Apr-23 57,500,000 697,089
4 10-May-23 31-May-23 57,500,000 702,639
5 10-Jun-23 30-Jun-23 55,415,932 654,956
6 10-Jul-23 31-Jul-23 53,328,992 649,958
7 10-Aug-23 31-Aug-23 51,194,358 623,173
8 10-Sep-23 30-Sep-23 49,054,533 577,191
9 10-Oct-23 31-Oct-23 46,887,902 568,606
10 10-Nov-23 30-Nov-23 44,675,181 523,656
11 10-Dec-23 31-Dec-23 42,453,688 512,600
12 10-Jan-24 31-Jan-24 40,187,209 484,112
13 10-Feb-24 29-Feb-24 37,909,493 426,561
14 10-Mar-24 31-Mar-24 35,603,243 425,955
15 10-Apr-24 30-Apr-24 33,239,327 383,858
16 10-May-24 31-May-24 30,874,572 366,353
17 10-Jun-24 30-Jun-24 28,467,716 325,527
18 10-Jul-24 31-Jul-24 26,043,185 305,331
19 10-Aug-24 31-Aug-24 23,577,757 274,273
20 10-Sep-24 30-Sep-24 21,091,968 235,362
21 10-Oct-24 31-Oct-24 18,575,038 211,006
22 10-Nov-24 30-Nov-24 16,019,072 173,348
23 10-Dec-24 31-Dec-24 13,438,592 146,131
24 10-Jan-25 31-Jan-25 10,820,355 113,099
25 10-Feb-25 28-Feb-25 8,174,749 73,013
26 10-Mar-25 31-Mar-25 5,496,000 45,777
27 10-Apr-25 30-Apr-25 2,777,031 11,222
9,534,031
Derived using Goal Seek 0.81%
IGAAP Ind AS
Closing IGAAP Opening Ind AS

Principal Repyament Balance Balance Interest
(c) (d) = (b) + ( c) (e) = (a) + (b) - (d) (f) (g)
- - 57,500,000 57,029,938
- 23,236 57,500,000 57,029,938 24,319
- 697,089 57,500,000 57,031,020 729,590
2,084,068 2,786,707 55,415,932 57,063,521 735,677
2,086,940 2,741,896 53,328,992 55,012,491 685,969
2,134,634 2,784,592 51,194,358 52,956,563 680,933
2,139,825 2,762,998 49,054,533 50,852,903 653,077
2,166,631 2,743,822 46,887,902 48,742,983 605,084
2,212,721 2,781,327 44,675,181 46,604,245 596,260
2,221,493 2,745,149 42,453,688 44,419,178 549,302
2,266,479 2,779,079 40,187,209 42,223,332 537,866
2,277,716 2,761,828 37,909,493 39,982,119 508,138
2,306,250 2,732,811 35,603,243 37,728,430 447,881
2,363,916 2,789,871 33,239,327 35,443,500 447,369
2,364,755 2,748,613 30,874,572 33,100,998 403,289
2,406,856 2,773,209 28,467,716 30,755,674 385,015
2,424,531 2,750,058 26,043,185 28,367,480 342,224
2,465,428 2,770,759 23,577,757 25,959,646 321,090
2,485,789 2,760,062 21,091,968 23,509,977 288,525
2,516,930 2,752,292 18,575,038 21,038,440 247,676
2,555,966 2,766,972 16,019,072 18,533,825 222,115
2,580,480 2,753,828 13,438,592 15,988,968 182,537
2,618,237 2,764,368 10,820,355 13,417,677 153,926
2,645,606 2,758,705 8,174,749 10,807,234 119,173
2,678,749 2,751,762 5,496,000 8,167,701 76,961
2,718,969 2,764,746 2,777,031 5,492,901 48,264
2,777,031 2,788,253 - 2,776,419 11,834
57,500,000 67,034,031 10,004,093
Ind AS
Processing
Closing Ind AS Fees Unamortised
Balance recognised Processing Fees
(h) = (f) + (g) - (d) (i) = (g) - (b) (j)
57,029,938 - 470,063 -
57,031,020 1,083 468,980 1,083
57,063,521 32,501 436,479 33,584
55,012,491 33,037 403,441 66,621
52,956,563 31,012 372,429 97,634
50,852,903 30,974 341,455 128,608
48,742,983 29,904 311,550 158,512
46,604,245 27,893 283,657 186,405
44,419,178 27,655 256,003 214,060
42,223,332 25,647 230,356 239,707
39,982,119 25,266 205,090 264,973
37,728,430 24,027 181,063 288,999
35,443,500 21,320 159,743 310,319
33,100,998 21,414 138,329 331,733
30,755,674 19,431 118,898 351,164
28,367,480 18,662 100,236 369,827
25,959,646 16,697 83,539 386,523
23,509,977 15,759 67,780 402,283
21,038,440 14,252 53,528 416,535
18,533,825 12,314 41,213 428,849
15,988,968 11,109 30,104 439,958
13,417,677 9,189 20,915 449,147
10,807,234 7,794 13,121 456,942
8,167,701 6,073 7,048 463,015
5,492,901 3,948 3,099 466,963
2,776,419 2,487 612 469,451
0 612 -0 470,063
470,063 4,798,730
Summary of borrowings
Sr. No Particulars Bank/ Financial Institutions
1 Aditya Birla Finance Limted Others

2 Ambit Finvest Pvt Ltd Others
3 Ambit Finvest Pvt Ltd TL- 2 Others
4 Capri Global Capital Limited Others
5 Capri Global Capital Limited Others
6 Capri Global Capital Limited TL-2 Others
7 Cholamandalam Investment and Finance Company Ltd Others
8 Credit Saison (Kisetsu Saison Finance Pvt Ltd ) Others
9 Electronica Financial Ltd Others
10 ESAF Small Finance Bank Bank
11 Grow Money Capital Pvt Ltd (E-clear) Others
12 Grow Money Capital Pvt Ltd (E-clear) TL-2 Others
13 Hinduja Leyland Finance Limited Others
14 Hinduja Leyland Finance TL 2 Others
15 IDFC First Bank Limted Bank
16 IDFC First Bank Limted Bank
17 IDFC First Bank Limted TL-2 Bank
18 IKF Finance Others
19 InCred Financial Services Limited Others
20 InCred Financial Services Limited TL-2 Others
21 IndusInd Bank Limited Bank
22 Kissandhan Agri Financial Services Pvt Ltd Others
23 Klay Finvest Private Limited Others
24 Kotak Mahindra Bank Ltd Bank
25 Kotak Mahindra Bank Ltd TL-2 Bank
26 Maanaveeya Development & Finance Private Limited Others
27 MAS Financial Ltd TR-1 Others
28 MAS Financial Ltd Tr-2 Others
29 MAS Financial Ltd-TR 3 Others
30 Mas Financial Tr 4 Others
31 Oxyzo Financial Services Pvt Ltd Others
32 Oxyzo Financial services Pvt Ltd TL-2 Others
33 Profectus Capital (new loan) Others
34 SMC Finance (Moneywise Financial Services Pvt Ltd) Others
35 SMC Finance (Moneywise Financial Services Pvt Ltd) TL-2Others
36 Sundaram Finance Others
37 Sundaram Finance TL-2 Others
38 Suryodaya Small Finance Bank Bank
39 Usha Financial Services Pvt Ltd (Tranch-1) Others
40 Usha Financial Services Pvt Ltd (Tranch-2) Others
41 Usha Financial Services Pvt Ltd Tr-3 Others
42 Usha Financial Services Pvt Ltd Tr-4 Others
43 Vivriti Capital Others
44 Western Capital Advisors Pvt Ltd Others
45 Western Capital Advisors Pvt Ltd TL-2 Others
46 Yes Bank Limted Bank
Date of borrowing Date of redemption Tenor of Nature of security Coupon Rate Previous
Loan (Whether term loan, Rate
NCD Privately
Placed, NCD Publicly
placed etc)
30-Jun-22 4/26/2023 12 Term Loan 10.10% 11.50%
30-May-22 5/30/2023 12 Term Loan 15.35% 15.00%
26-Dec-22 6/26/2024 18 Term Loan 14.50% 0.00%
30-Jun-22 6/30/2024 24 Term Loan 15.00% 14.80%
30-Jun-22 6/30/2024 24 Term Loan 15.00% 0.00%
29-Mar-23 3/29/2025 24 Term Loan 15.00% 0.00%
1-Mar-23 9/1/2024 18 Term Loan 14.00% 0.00%
30-Nov-22 11/30/2023 12 Term Loan 14.10% 13.75%
10-Sep-22 3/10/2024 18 Term Loan 14.00% 0.00%
10-Nov-22 11/10/2024 24 Term Loan 13.85% 13.50%
30-Jun-22 9/30/2023 15 Term Loan 15.50% 15.00%
29-Nov-22 2/29/2024 15 Term Loan 15.50% 15.00%
29-Jul-22 7/29/2024 24 Term Loan 13.00% 0.00%
23-Jan-23 7/23/2024 18 Term Loan 14.00% 0.00%
20-Jul-22 7/20/2024 24 Term Loan 13.00% 0.00%
1-Dec-22 12/1/2024 24 Term Loan 13.00% 0.00%
30-Mar-23 3/30/2025 24 Term Loan 13.00% 0.00%
31-Jan-23 1/31/2027 48 Term Loan 14.95% 0.00%
17-May-22 2/17/2024 21 Term Loan 14.25% 0.00%
30-Mar-23 3/30/2025 24 Term Loan 14.75% 0.00%
23-Dec-22 12/23/2024 24 Term Loan 13.00% 0.00%
24-Mar-23 3/24/2025 24 Term Loan 14.25% 0.00%
31-Mar-23 3/31/2025 24 Term Loan 14.00% 0.00%
28-Sep-22 9/28/2023 12 Term Loan 12.00% 0.00%
29-Mar-23 3/29/2024 12 Term Loan 13.00% 0.00%
24-Mar-23 3/24/2026 36 Term Loan 14.75% 0.00%
30-Sep-22 3/30/2024 18 Term Loan 13.70% 13.50%
23-Nov-22 5/23/2024 18 Term Loan 13.70% 13.50%
30-Jan-23 7/30/2024 18 Term Loan 13.80% 0.00%
2-Mar-23 9/2/2024 18 Term Loan 13.80% 0.00%
12-Sep-22 3/12/2024 18 Term Loan 14.00% 0.00%
10-Feb-23 8/10/2024 18 Term Loan 14.50% 0.00%
31-Oct-22 10/31/2023 12 Term Loan 14.35% 14.00%
9-Sep-22 9/9/2024 24 Term Loan 14.75% 0.00%
30-Mar-23 3/30/2025 24 Term Loan 14.80% 0.00%
13-Sep-22 9/13/2023 12 Term Loan 14.00% 0.00%
28-Feb-23 2/28/2024 12 Term Loan 14.25% 0.00%
26-Dec-22 12/26/2023 12 Term Loan 13.50% 0.00%
27-Jun-22 6/27/2023 12 Term Loan 14.90% 0.00%
30-Sep-22 9/30/2023 12 Term Loan 14.90% 0.00%
28-Nov-22 11/28/2023 12 Term Loan 14.50% 0.00%
28-Dec-22 4/28/2024 16 Term Loan 14.50% 0.00%
30-Jun-22 6/30/2023 12 Term Loan 15.10% 14.25%
29-Jul-22 7/29/2024 24 Term Loan 14.75% 0.00%
30-Jan-23 1/30/2025 24 Term Loan 14.80%
30-Jan-23 7/30/2023 6 WCDL 13.25%
47,782.39
47,782
5,989,000,000 4,778,239,470 37,591,793
Interest Rate Amount of Borrowing Amount of borrowing Amount of borrowing Transaction
Fixed or at inception as o 31st March 2022 as o 31st March 2023 Cost
Float
Fixed 400,000,000 NA 200,000,000 -

Floting 50,000,000 NA 13,357,188 272,500
Floting 70,000,000 NA 62,948,358 525,000
Floting 50,000,000 NA 33,333,336 408,750
Floting 50,000,000 NA 33,333,336 408,750
Floting 150,000,000 NA 150,000,000 1,226,250
Floting 75,000,000 NA 75,000,000 204,375
Floting 150,000,000 NA 112,500,000 1,226,250
Floting 50,000,000 NA 34,478,876 275,552
Floting 200,000,000 NA 170,238,771 1,090,000
Floting 50,000,000 NA 24,494,332 545,000
Floting 100,000,000 NA 75,127,891 899,000
Floting 100,000,000 NA 69,495,265 270,000
Floting 65,000,000 NA 58,429,589 70,850
Floting 250,000,000 NA 187,500,000 1,112,500
Floting 150,000,000 NA 131,250,000 -
Floting 300,000,000 NA 300,000,000 1,635,000
Floting 200,000,000 NA 195,833,333 2,180,000
Fixed 150,000,000 NA 90,222,742 1,635,000
Fixed 57,500,000 NA 57,500,000 470,063
Floting 250,000,000 NA 227,272,728 2,500,000
Floting 100,000,000 NA 100,000,000 839,300
Floting 100,000,000 NA 100,000,000 1,144,500
Fixed 199,000,000 NA 100,000,000 -
Fixed 200,000,000 NA 200,000,000
Floting 250,000,000 NA 250,000,000 2,043,750
Floting 150,000,000 NA 100,000,014 1,226,250
Floting 150,000,000 NA 116,666,676 1,192,500
Floting 150,000,000 NA 133,333,338 1,224,260
Floting 150,000,000 NA 150,000,000 408,750
Floting 200,000,000 NA 144,444,444 1,635,000
Floting 200,000,000 NA 200,000,000 1,689,500
Floting 100,000,000 NA 68,170,302 370,600
Floting 100,000,000 NA 77,552,309 1,166,003
Floting 72,500,000 NA 72,500,000 1,090,000
Fixed 100,000,000 NA 51,646,326 545,000
Fixed 100,000,000 NA 91,926,745
Floting 100,000,000 NA 84,190,918 500,000
Floting 50,000,000 NA 13,202,456 545,000
Floting 50,000,000 NA 30,062,374 564,890
Floting 50,000,000 NA 38,385,888 500,000
Floting 50,000,000 NA 41,341,935
Floting 150,000,000 NA 37,500,000 1,226,250
Floting 50,000,000 NA 33,333,333 545,400
Floting 100,000,000 NA 91,666,667 1,090,000
Floting 150,000,000 NA 150,000,000 1,090,000
-
27,347,088 1,374,650,341 3,344,398,211
Unamortised Non Current Value As Current Maturities as Coupon Payout Principal Amount Payout
Transaction cost on 31st March 2023 on 31st March 2023 Frequency Frequency
- - 200,000,000 Monthly Bullet

22,708 - 13,357,188 Monthly Monthly
408,333 16,888,686 46,059,672 Monthly Monthly
238,438 8,333,340 24,999,996 Monthly Monthly
238,438 8,333,340 24,999,996 Monthly Monthly
1,175,156 81,250,000 68,750,000 Monthly Monthly
193,021 Monthly Monthly
715,313 - 112,500,000 Monthly Qurterly
114,813 4 34,478,872 Monthly Monthly
853,043 66,542,754 103,696,017 Monthly Monthly
181,667 - 24,494,332 Monthly Monthly
524,417 - 75,127,891 Monthly Monthly
146,250 18,512,650 50,982,615 Monthly Monthly
59,042 15,639,163 42,790,426 Monthly Monthly
842,578 62,500,000 125,000,000 Monthly Qurterly
- 56,250,000 75,000,000 Monthly Qurterly
1,566,875 150,000,000 150,000,000 Monthly Qurterly
2,043,750 145,833,329 50,000,004 Monthly Monthly
778,571 - 90,222,742 Monthly Monthly
450,477 33,239,327 24,260,673 Monthly Monthly
2,083,333 90,909,096 136,363,632 Monthly Monthly
804,329 53,535,604 46,464,396 Monthly Monthly
1,096,813 49,999,996 50,000,004 Monthly Monthly
- 0 100,000,000 Monthly Monthly
- 200,000,000 Monthly Monthly
1,986,979 166,660,000 83,340,000 Monthly Monthly
760,729 - 100,000,014 Monthly Monthly
1,063,750 16,666,704 99,999,972 Monthly Monthly
1,020,217 33,333,366 99,999,972 Monthly Monthly
386,042 50,000,000 100,000,000 Monthly Monthly
999,167 11,111,111 133,333,333 Monthly Monthly
1,501,778 66,666,667 133,333,333 Monthly Monthly
98,100 68,170,302 - Monthly Monthly
1,117,420 27,707,672 49,844,637 Monthly Monthly
772,083 41,902,887 30,597,113 Monthly Monthly
454,167 - 51,646,326 Monthly Monthly
- 91,926,745 Monthly Monthly
333,333 - 100,000,000 Monthly Monthly
45,417 - 13,202,456 Monthly Monthly
388,362 - 30,062,374 Monthly Monthly
375,000 - 38,385,888 Monthly Monthly
3,414,343 37,927,592 Monthly Monthly
204,375 - 37,500,000 Monthly Monthly
349,056 10,416,667 22,916,666 Monthly Monthly
953,750 20,833,333 70,833,334 Monthly Monthly
- 150,000,000 Monthly Bullet
47,782.39
2948 3/31/2023
4,778,239,470 Remaining tenure
Redemption at Par or at Amount of Premium on Ind AS Closing Bal
Premium ? redemption if any
NA NA 200,000,000 -
NA NA 13357187.6 1.00
NA NA 62948358 14
NA NA 33333336 14
NA NA 33333336 14
NA NA 150000000 23
NA NA 75000000 17
NA NA 112500000 7
NA NA 34,478,876 11
NA NA 170238770.76 19
NA NA 24494332 5
NA NA 75127891 10
NA NA 69,495,265 15
NA NA 58429589 15
NA NA 187500000 15
NA NA 131250000 20
NA NA 300000000 23
NA NA 195833333 46
NA NA 90,222,742 10
NA NA 57,500,000 23
NA NA 227272728 20
NA NA 100000000 23
NA NA 100000000 24
NA NA 100000000.04 5
NA NA 200000000 11
NA NA 250000000 35
NA NA 100000014 11
NA NA 116666676 13
NA NA 133333338 15
NA NA 150,000,000 17
NA NA 144444444.444444 11
NA NA 200000000 16
NA NA 68170302 7
NA NA 77552309 17
NA NA 72500000 23
NA NA 51646326 5
NA NA 91926745 10
NA NA 84190918 8
NA NA 13202456 2
NA NA 30062374 5
NA NA 38385888 7
NA NA 41341935 12
NA NA 37500000 2
NA NA 33333333.33 15
NA NA 91666666.66 21
NA NA 150000000 3
ST/ LT
Short term
Short term
Long Term
Long Term
Long Term
Long Term
Long Term
Short term
Short term
Long Term
Short term
Short term
Long Term
Long Term
Long Term
Long Term
Long Term
Long Term
Short term
Long Term
Long Term
Long Term
Long Term
Short term
Short term
Long Term
Short term
Long Term
Long Term
Long Term
Short term
Long Term
Short term
Long Term
Long Term
Short term
Short term
Short term
Short term
Short term
Short term
Short term
Short term
Long Term
Long Term
Short term
Details of IGGAP Finance cost
Particulars IGAAP
Interest on Unsecured Lo 905
Interest on Secured loans 2,593
Processing fees and Stam -
Interest on income tax pa -
Other Borrowing Cost 196
Total 3,694
Other borrowing cost Amount

Stamp Duty 406,082
Other Finance Costs 3,416,266
Rating Expenses 3,815,000
Processing Fees on borro 11,958,401
Processing Fees on
borrowings (breakup) Amount
Processing Fees 10,244,705
Documentation charges 1,713,696
Unamortised 27,347,088
Charged in FY 2022-23 10,244,705
Total Borrowing cost 37,591,793
Prepaid expense 30,476,764

Unamortised processing
fee 27,347,088
Other prepaid expense 3,129,677
Nature Inlcuded in EIR
Stamp duty paid on on Hypothecation of Book Debts (Franckling Charges) No clubbed with bank charges
Expense incurred after loan saction like audit charges, stock audit etc No clubbed with bank charges
Expense incurred to obatin ICRA rating on existing borrowings No clubbed with bank charges
Processing fee and other documentation charges Yes- only processing fee
Remark
clubbed with bank charges

KKR (Incred) 445 EIR 1,635,000 21
KF002308:

856,428.57
4/1/2022 5/1/2022 6/1/2022 7/1/2022 8/1/2022 9/1/2022 10/1/2022 11/1/2022

77,857 77,857 77,857 77,857 77,857 77,857 77,857
KF002308:
972,201.70
Un amortised (incl
77,857 77,857 77,857 77,857 503,222 50,322.21 50,322.21 50,322.21
19,586 468,980 19,585.94 19,585.94 19,585.94
2400000 120,000.00
2000000
8812200
7000000
3000000
804,363.86
As per EIR
7/1/2023 8/1/2023 9/1/2023 entries) April
50,322.21 50,322.21 50,322.21 452,899.89 1,208,561.76
19,585.94 19,585.94 19,585.94 351,463.97
120,000.00 120,000.00 120,000.00 1,920,000.00
100,000.00 100,000.00 100,000.00 1,700,000.00
463,800.00 463,800.00 7,884,600.00
368,421.05 368,421.05 6,263,157.89

As per EIR
Amortised
expenses Un amortised
UPTO Sep as EIR
1,506,449.32 426,438.24
186,405.22 283,657.28
752,968.50 1,647,031.50
554,234.18 1,445,765.82
1,739,037.43 7,073,162.57
971,191.58 6,028,808.42
Processong Fee 37,591,793
Ledger Head Ledger ID Method Total Expenses Tenor 4/1/2022

Ambit 445 SLM 272,500 12
KKR (Incred) 445 EIR 1,635,000 21
Usha Finance 445 SLM 545,000 12
Capri Global 445 SLM 817,500 24
Profectus 445 SLM 261,600 12
Vivriti 445 SLM 1,226,250 12
Grow Money 445 SLM 545,000 15
Aditya Birla 445 SLM 12
IDFC First 445 SLM 737,500 32
Western Capital 445 SLM 545,400 25
Hinduja 445 SLM 270,000 24
Yes Bank 445 SLM 1,090,000 7
Electronica 445 SLM 275,552 18
MAS 445 SLM 408,750 18
MONEYWISE FINANCIAL SERVICES PVT LTD 445 SLM 1,090,000 24
OXYZO FINANCIAL SERVICES PVT LTD 445 SLM 1,635,000 18
Profectus 445 SLM 109,000 12
ESAF 445 SLM 1,090,000 23
MAS 445 SLM 817,500 18
Usha Finance 445 SLM 564,890 16
Grow Money 445 SLM 899,000 12
Creditsaison 445 SLM 1,226,250 12
MAS FINANCIAL-2 445 SLM 375,000 18
IDFC FIRST BANK TERM-2(15 CRO) 445 SLM 375,000 24
INDUSIND BANK 445 SLM 2,500,000 24
SURYODAY SMALL FINANCE TERM LOAN 1 445 SLM 500,000 12
AMBIT 445 SLM 525,000 18
USHA TERM LOAN 4 445 SLM 500,000 16
HINDUJA LEYLAND FINANCE LIMITED 445 SLM 70,850 18
WESTERN CAPITAL ADVISORY PVT LTD-4 445 SLM 1,090,000 24
MAS 445 SLM 1,224,260 18
IKF FINANCIAL 445 SLM 2,180,000 48
OXYZO FINANCIAL SERVICES PVT LTD 445 SLM 1,689,500 18
SUNDARAM FINANCE 445 SLM 545,000 12
CHOLAMANDALAM INVESTMENT 445 SLM 204,375 18
MAS FINANCIAL LTD 445 SLM 817,500 18
MAS FINANCIAL LTD 445 SLM 408,750 18
MAANAVEEYA DEVELOPMENT 445 SLM 2,043,750 36
CAPRI GLOBAL 445 SLM 1,226,250 24
IDFC FIRST BANK 445 SLM 1,635,000 24
KISSAN 445 SLM 839,300 24
KLAY FINVEST PVT 445 SLM 1,144,500 24
MONEYWISE FINANCIAL SERVICES PVT LTD SLM 1,166,003 24
5/1/2022 6/1/2022 7/1/2022 8/1/2022 9/1/2022 10/1/2022 11/1/2022
22,708 22,708 22,708 22,708 22,708 22,708 22,708
77,857 77,857 77,857 77,857 77,857 77,857 77,857
45,417 45,417 45,417 45,417 45,417 45,417 45,417
34,063 34,063 34,063 34,063 34,063 34,063
21,800 21,800 21,800 21,800 21,800 21,800
102,188 102,188 102,188 102,188 102,188 102,188
36,333 36,333 36,333 36,333 36,333 36,333
- - - - -
23,047 23,047 23,047 23,047 23,047
21,816 21,816 21,816 21,816 21,816
11,250 11,250 11,250 11,250 11,250
155,714 155,714 155,714 155,714 155,714
15,308 15,308 15,308
22,708 22,708 22,708
45,417 45,417 45,417
90,833 90,833 90,833
9,083 9,083
47,391
45,417
35,306
74,917
102,188
27,245,800 27,347,088
Un amortised
(incl Ind AS adj FS-Un
12/1/2022 1/1/2023 2/1/2023 3/1/2023 entries) amortised
22,708 22,708 22,708 22,708 22,708 22,708
77,857 77,857 77,857 77,857 503,222 778,571
45,417 45,417 45,417 45,417 45,417 45,417
34,063 34,063 34,063 34,063 476,875 476,875
21,800 21,800 21,800 21,800 43,600 43,600
102,188 102,188 102,188 102,188 204,375 204,375
36,333 36,333 36,333 36,333 181,667 181,667
- - - - - -
23,047 23,047 23,047 23,047 530,078 530,078
21,816 21,816 21,816 21,816 349,056 349,056
11,250 11,250 11,250 11,250 168,750 146,250
155,714 155,714 - - - -
15,308 15,308 15,308 15,308 168,393 114,813
22,708 22,708 22,708 22,708 249,792 170,313
45,417 45,417 45,417 45,417 772,083 772,083
90,833 90,833 90,833 90,833 999,167 999,167
9,083 9,083 9,083 9,083 54,500 54,500
47,391 47,391 47,391 47,391 853,043 853,043
45,417 45,417 45,417 45,417 590,417 590,417
35,306 35,306 35,306 35,306 388,362 388,362
74,917 74,917 74,917 74,917 524,417 524,417
102,188 102,188 102,188 102,188 715,313 715,313
20,833 20,833 20,833 20,833 291,667 291,667
15,625 15,625 15,625 15,625 312,500 312,500
104,167 104,167 104,167 104,167 2,083,333 2,083,333
41,667 41,667 41,667 41,667 333,333 333,333
29,167 29,167 29,167 29,167 408,333 408,333
31,250 31,250 31,250 31,250 375,000 375,000
3,936 3,936 3,936 59,042 59,042
45,417 45,417 45,417 953,750 953,750
68,014 68,014 68,014 1,020,217 1,020,217
45,417 45,417 45,417 2,043,750 2,043,750
93,861 93,861 1,501,778 1,501,778
45,417 45,417 454,167 454,167
11,354 193,021 193,021
45,417 772,083 772,083
22,708 386,042 386,042
56,771 1,986,979 1,986,979
51,094 1,175,156 1,175,156
68,125 1,566,875 1,566,875
34,971 804,329 804,329
47,688 1,096,813 1,096,813
48,583 1,117,420 1,117,420
19,586 468,980 450,477
101,288 -10,244,705 11958400.73
Difference Remarks
-
275,349 EIR impact
-
-
-
-
-
-
-
-
-22,500 2 months expense is reduced manually from un amortised balance
-
-53,580 Tenure is 18 months amortised for 12 months
-79,479 Tenure is 18 months amortised for 12 months
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-
-18,503 EIR impact

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Ledger Head Ledger ID Method Total Expenses Tenor

KKR (Incred) 445 EIR 1,635,000 21

Discount on issue of Debentures 11.6% (NCD)FROM

120,000.00 120,000.00 120,000.00 120,000.00 1,920,000.00

100,000.00 100,000.00 100,000.00 1,700,000.00

463,800.00 463,800.00 7,884,600.00

368,421.05 368,421.05 6,263,157.89

1647031.497022 272,968.50 218,744.67 54223.8342

1445765.816504 254,234.18 204,311.93 49922.2488

7073162.5744 811,437.43 543,454.35 267983.074

6028808.421528 234,349.47 -21,957.03 256306.503

Discount on issue of Debentures 11.6% (NCD)FROM

4/1/2022 5/1/2022 6/1/2022 7/1/2022 8/1/2022 9/1/2022 10/1/2022 11/1/2022

120,000.00 120,000.00 120,000.00 2,040,000.00 1821255.331228

100,000.00 100,000.00 100,000.00 1,800,000.00 1595688.065287

463,800.00 463,800.00 8,348,400.00 7804945.648149

368,421.05 368,421.05 6,631,578.95 6653535.977072

218,744.67 125,768.80 92,975.87

204,311.93 121,335.11 82,976.82

Discount on issue of Debentures 11.6% (NCD)FROM

4/1/2022 5/1/2022 6/1/2022 7/1/2022 8/1/2022 9/1/2022 10/1/2022 11/1/2022

120,000.00 120,000.00 120,000.00 2,160,000.00 2034231.203377

100,000.00 100,000.00 100,000.00 1,900,000.00 1778664.888446

463,800.00 463,800.00 8,812,200.00

368,421.05 368,421.05 7,000,000.00

125,768.80 35,075.00 90,693.79

Discount on issue of Debentures 11.6% (NCD)FROM

4/1/2022 5/1/2022 6/1/2022 7/1/2022 8/1/2022 9/1/2022 10/1/2022 11/1/2022

120,000.00 120,000.00 120,000.00 2,280,000.00 2244924.996353

100,000.00 100,000.00 100,000.00 2,000,000.00

463,800.00 463,800.00 8,812,200.00

368,421.05 368,421.05 7,000,000.00

As per EIR As per EIR

4/1/2022 5/1/2022 6/1/2022 7/1/2022 8/1/2022 9/1/2022 10/1/2022 11/1/2022

2 The upfront transaction cost is adjusted against borrowing. Interest is

3 In case of closure before the loan tenure, unamortised borrowing cost is

Ind AS Total Unamortised Charge to PL

Ind AS adjustment 101,287 Impact of EIR & SLM error re

2022-23 Finance Cost A/c Dr 101,287

EIR Adj 256,846

Impact of EIR & SLM error rectified 101,287

Term loans 47,782

Ind AS Total Unamortised Charge to PL

1 InCred Financial Services Limited 17-May-22 2/17/2024 21

Term Loan 14.25% 150,000,000 NA 90,222,742 1,635,000 1,131,778

Monthly Monthly NA NA 14.25% 15.43%

150,000,000 90,222,742 1,204,676 89,719,520 503,222 1,131,778 856,429

Initial Loan Sanction: 150,000,000

Derived using Goal Seek 1.18%

Closing IGAAP Opening Ind AS

Initial Loan Sanction: 57,500,000

Closing IGAAP Opening Ind AS

Sr. No Particulars Bank/ Financial Institutions

1 Aditya Birla Finance Limted Others

Fixed 400,000,000 NA 200,000,000 -

- - 200,000,000 Monthly Bullet

Other borrowing cost Amount

Prepaid expense 30,476,764