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Other Current Liabilities (Tables)
12 Months Ended
Mar. 31, 2024
Fair Value Measurement Inputs and Valuation Techniques [Line Items]  
Schedule of Other Current Liabilities

Other current liabilities consist of the following:

 

 

 

 

 

 

As of
 March 31,
2024

 

 

As of
March 31,
2023

 

Statutory liabilities

 

 

 

 

 

1,252,384

 

 

 

1,417,751

 

Deferred revenue

 

 

 

 

 

656,968

 

 

 

108,442

 

Advances from customers

 

 

 

 

 

445,696

 

 

 

52,227

 

Provision for income tax

 

 

 

 

 

-

 

 

 

83,054

 

Retirement benefits

 

 

 

 

 

14,128

 

 

 

3,008

 

Other payables

 

 

 

 

 

862,786

 

 

 

839,411

 

 

 

 

 

 

3,231,962

 

 

 

2,503,893

 

Summary Of Obliged To Issue Warrants Shares

Milestone (days past due)

Warrants Shares based on fully diluted Ordinary Shares of the Company as of the issuance date

 

180 days

 

1.00

%

210 days

 

1.17

%

240 days

 

1.33

%

270 days

 

1.50

%

300 days

 

1.67

%

330 days

 

1.83

%

360 days

 

2.50

%

Schedule of Assumptions Used In Calculating Estimated Fair Value Of Warrants Due

Assumptions used in calculating estimated fair value of Forward Purchase Agreement as of March 31, 2024 is as follows:

 

Volatility

 

 

 

 

 

 

 

62.65

%

Risk-free rate

 

 

 

 

 

 

 

4.21

%

Dividend yield

 

 

 

 

 

 

 

0.00

%

Strike price

 

 

 

 

 

 

 

10.77

 

Remaining term (years)

 

 

 

 

 

 

1 year

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Warrants  
Fair Value Measurement Inputs and Valuation Techniques [Line Items]  
Schedule of Assumptions Used In Calculating Estimated Fair Value Of Warrants Due

A comparison of the assumptions used in calculating estimated fair value of warrants due as of March 31, 2024 is as follows:

 

 

 

 

 

 

 

 

 

 

Closing price

 

 

 

 

 

 

$

6.50

 

Risk Free rate

 

 

 

 

 

 

 

4.21

%

Dividend Yield

 

 

 

 

 

 

 

0

%

Volatility

 

 

 

 

 

 

 

126.55

%

Expected Life of the option

 

 

 

 

 

 

4.75 years