Borrowings (Tables)

6 Months Ended

Sep. 30, 2023

Debt Disclosure [Abstract]

Schedule of Long Term Borrowings

A.Long term borrowings consist of the following:

	As of September 30, 2023			As of March 31, 2023
Secured debentures (note a)		2,672,542			3,198,569
Loans from banks (note b)		375,335			307,228
Less: current portion of long-term borrowings		(2,813,526	)		(2,852,528	)
		234,351			653,269

Schedule of Secured Debentures

a.Secured debentures:

Particulars	Interest rate			Maturity date	Amount outstanding
Secured debentures		19.50	%	31-May-24		759,526
		19.50	%	31-Jul-24		417,441
		19.25	%	31-May-24		592,592
		20.00	%	31-Jan-24		902,983
						2,672,542

Schedule of Loan from Banks

The debentures are secured by intellectual property, current assets and movable property and equipment of certain material foreign subsidiaries.

b.Loan from banks:

Particulars	Interest rate	Maturity date	Amount outstanding
	16.00%	5-Mar-24		4,709
	16.50%	5-Mar-24		5,904
	15.50%	6-Sep-25		21,566
	18.00%	5-Sep-25		21,797
	16.00%	9-Apr-24		13,111
	18.50%	2-Nov-25		17,844
Long term borrowings from banks	19.50%	2-Oct-25		13,679
	15.50%	6-Sep-25		21,566
	14.75%	5-Jun-24		11,260
	17.00%	5-Oct-24		17,442
	15.85%	4-May-26		48,321
	8.75%	10-Aug-30		119,053
	15.75%	5-Aug-26		59,083
				375,335

Schedule of Maturities of Long-term Borrowings Excluding Convertible Notes

As of September 30, 2023, the aggregate maturities of long-term borrowings (excluding convertible notes) are as follows:

Period ending March 31, 2024	550,524
Period ending March 31, 2025	2,316,170
Period ending March 31, 2026 and onwards	181,183
	3,047,877

Schedule of Short Term Borrowings

B.Short term borrowings

	As of September 30, 2023		As of March 31, 2023
Loan from banks (note a)		674,618		84,587
Loan from related parties		557,594		485,747
Loan from others (note b)		12,819,994		4,305,467
		14,052,206		4,875,801

Summary of Loan from Banks and Others

a)Loan from banks and others

Particulars	Weighted average borrowing rate
Short term borrowings from banks and others		13.09	%

Summary of Estimated Fair Value of Working Capital Loan

Since the Public Warrants are listed, market price method was used to compute the fair market value on the reporting date. A comparison of the assumptions used in calculating estimated fair value of working capital loan as of September 30, 2023 is as follows:

Closing price	$	0.04
Open price	$	0.04
High	$	0.04
Low	$	0.04