Common Stock

6 Months Ended

Sep. 30, 2023

Equity [Abstract]

Common Stock

16.Common stock

As of September 30, 2023, the Company was authorized to issue 220,000,000 shares of common stock, $0.0001 par value.

As a result of the Business Combination, all of Vahanna's Class A Common Stock and Class B Common Stock automatically converted into 10,044,309 shares of the Company's common stock on a one-for-one basis and shares of Predecessor Roadzen's common stock issued and outstanding were converted into 58,396,520 shares of common stock at the conversion ratio.

The holders of common stock are entitled to receive dividends as declared from time to time and are entitled to one vote per share at meetings of the Company. In the event of liquidation, the holders of common stock are eligible to receive an equal share in the distribution of the surplus assets of the Company based on their percent of ownership.

As of September 30, 2023 and March 31, 2023, 68,440,829 and 16,501,984 shares of the Company's common stock were issued and outstanding respectively.

The following table summarizes the Company’s common stock reserved for future issuance on an as-converted basis:

	As of September 30, 2023		As of March 31, 2023
Conversion of outstanding redeemable convertible preferred stock		—		39,821,418
Remaining shares available for future issuance under the RSU Plan		9,903,480		—
Warrants		19,157,081		—