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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2023
Mar. 31, 2022
CASH FLOWS FROM OPERATING ACTIVITIES    
(Loss)/profit for the year $ (1,635,837) $ (403,035)
Adjustment to reconcile (loss)/profit to net cash used in operating activities:    
Deferred tax (benefit) / expense 135,640 (537,915)
Income tax expense 387,407 1,117,861
Amortization of intangible assets 696,224 11,894,518
Loss on deconsolidation of subsidiary (refer note 24) 192,776 225,098
Fair value gain on remeasurement of warrant liability (22,766) (1,487,589)
Remeasurements of the net defined benefit plans 30,606
Expected credit loss on trade receivables (120,544)
Finance Cost 2,210,404 2,650,396
Sundry balances written off during the year 5,571
Liabilities no longer required written back (360,878) (425,853)
Finance income (19,123)
Change in operating assets and liabilities:    
Inventories
Trade receivable 381,946 85,358
Other receivable (16,970,571)
Other financial assets 102,242
Other assets (730,555) (120,600)
Trade payable 132,056 456,528
Other financial liabilities (566,378) 227,670
Other current liabilities 255,511 2,705,196
Security Deposits
Cash flow used in operating activities after working capital changes 1,068,731 (577,367)
Income tax (paid)/refund, net 84,604
Net cash used in operating activities 1,153,335 (577,367)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment and intangible assets (including intangible assets under development) (10,820,099) (166,721)
Sale of property, plant and equipment and intangible assets
Interest received 19,123
Advances for acquisition of network (2,119,038)
Purchase of shares of GHSI
Net cash used in investing activities (12,920,014) (166,721)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from short term borrowings from directors (1,000,000) 292,904
Proceeds from 7% secured promissory notes, net   880,000
Repayment of short term borrowings - Directors Loans 518,125 (304,500)
Proceeds on issuance of shares 12,509,169
Proceeds from financial institutions (net) 10,449
Interest, commission and other charges paid (382,341) (88,000)
Deferred IPO costs paid (34,164)
Net cash provided by financing activities 11,655,402 746,240
Net increase (decrease) in cash and cash equivalents (111,277) 2,152
CASH AND CASH EQUIVALENTS – beginning of period 8,758 26,142
CASH AND CASH EQUIVALENTS – end of period 311,810 8,758
Acquired in Business Combination (refer note 23) 432,138
Adjustment for deconsolidation of subsidiary (refer note 24) (7,608) (19,538)
Effects of exchange rate changes on cash and cash equivalents $ (10,201) $ 2