Borrowings (Tables)

9 Months Ended

Dec. 31, 2023

Debt Disclosure [Abstract]

Schedule of Long Term Borrowings

A.Long-term borrowings consist of the following:

	As of December 31, 2023			As of March 31, 2023
Secured debentures (note a)		2,260,838			3,198,569
Loans from banks (note b)		337,561			307,228
Convertible debenture (note c)		403,167			-
Less: current portion of long-term borrowings		(2,393,383	)		(2,852,528	)
		608,183			653,269

Schedule of Secured Debentures

a.Secured debentures:

Particulars	Interest rate			Maturity date	Amount outstanding
Secured debentures		19.50	%	31-May-24		597,282
		19.50	%	31-Jul-24		337,951
		19.25	%	31-May-24		424,509
		20.00	%	31-Jan-24		901,096
						2,260,838

Schedule of Loans from Banks

b.Loans from banks:

Particulars	Interest rate	Maturity date	Amount outstanding
Long-term borrowings from banks
	16.00%	5-Mar-24		2,321
	16.50%	5-Mar-24		2,906
	15.50%	6-Sep-25		19,179
	18.00%	5-Sep-25		19,438
	16.00%	9-Apr-24		10,005
	18.50%	2-Nov-25		16,095
	19.50%	2-Oct-25		12,288
	15.50%	6-Sep-25		19,179
	14.75%	5-Jun-24		7,627
	17.00%	5-Oct-24		13,637
	15.85%	4-May-26		44,373
	8.75%	10-Aug-30		115,619
	15.75%	5-Aug-26		54,894
				337,561

Schedule of Maturities of Long-term Borrowings Excluding Convertible Notes

As of December 31, 2023, the aggregate maturities of long-term borrowings (excluding convertible notes) are as follows:

Period ending March 31, 2024	2,298,943
Period ending March 31, 2025	117,270
Period ending March 31, 2026 and onwards	585,353
	3,001,566

Schedule of Short Term Borrowings

B.Short-term borrowings

	As of December 31, 2023		As of March 31, 2023
Loans from banks (note a)		1,901,497		84,587
Loans from related parties		299,031		485,747
Loans from others (note b)		12,965,327		4,305,467
		15,165,855		4,875,801

Summary of Loans from Banks and Others

a)Loans from banks and others

Particulars	Weighted average borrowing rate
Short-term borrowings from banks and others		12.73	%

Summary of Estimated Fair Value of Working Capital Loan

Since the Warrants are listed under ticker symbol RDZNW, the market price method was used to compute the fair market value of the warrants resulting from the conversion of the convertible promissory note on the reporting date. A comparison of the assumptions used in calculating estimated fair value of working capital loan as of December 31, 2023 is as follows:

Closing price	$	0.07
Open price	$	0.07
High	$	0.07
Low	$	0.07