Borrowings (Tables)

12 Months Ended

Mar. 31, 2024

Debt Instrument [Line Items]

Schedule of Long Term Borrowings

A. Long-term borrowings consist of the following:

	As of  March 31, 2024			As of March 31, 2023
Loans from banks (note a)		112,169			307,228
Secured debentures (note b)		2,214,754			3,198,569
Convertible debenture (note c)		1,374,481			-
Less: current portion of long-term borrowings		(2,228,471	)		(2,852,528	)
		1,472,933			653,269

Schedule of Loans from Banks

a.Loans from banks:

Particulars	Interest rate	Maturity date	Amount outstanding
Long-term borrowings from banks	8.75%	10-Aug-30		112,169
				112,169

Schedule of Secured Debentures

b. Secured debentures:

Particulars	Interest rate			Maturity date	Amount outstanding
N1 Series Debentures		19.50	%	31-May-24		578,137
N2 Series Debenture		19.50	%	31-Jul-24		327,412
N3 Series Debentures		19.25	%	31-May-24		409,643
N4 Series Debentures		20.00	%	31-Jan-24		899,562
						2,214,754

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

Schedule of Maturities of Long-term Borrowings Excluding Convertible Notes

d. As of March 31, 2024, the aggregate maturities of long-term borrowings are as follows:

Period ending March 31, 2025	2,228,471
Period ending March 31, 2026	1,389,426
Period ending March 31, 2027	16,306
Period ending March 31 2027 onwards	67,201
	3,701,404

Schedule of Short Term Borrowings

B. Short-term borrowings

	As of  March 31, 2024		As of March 31, 2023
Loans from banks (note a)		781,455		84,587
Loans from related parties		1,096,109		485,747
Loans from others (note b)		13,877,265		4,305,467
		15,754,829		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		14.00	%

Summary of Estimated Fair Value of Working Capital Loan

Fair Value of the Warrants:

Closing price	$	0.09
Open price	$	0.09
High	$	0.09
Low	$	0.09

Warrants Entitlement

Debt Instrument [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:

Risk free rate	4.13% - 4.47%
Volatility	108.18% - 126.55%
Annual Interest rate		13	%
Conversion Price	$10