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Commitments and Contingencies (Tables)
12 Months Ended
Mar. 31, 2024
Commitments and Contingencies Disclosure [Abstract]  
Components of Lease Cost

(i) The following tables presents the various components of lease costs:

 

Particulars

 

 

 

For the
period ended
March 31,
2024

 

Lease :

 

 

 

 

 

Operating lease cost

 

 

 

 

203,029

 

Short-term lease cost

 

 

 

 

57,087

 

Total lease cost

 

 

 

 

260,116

 

Schedule of Supplemental Cash Flow Information Related to Leases and Non Cash Flows Arising From Lease Transactions

(ii) The following table presents supplemental information relating to the cash flow and non cash flows arising from lease transactions. Cash payments related to short-term leases are not included in the measurement of operating liabilities, and, as such, are excluded from the amounts below.

 

Particulars

 

 

 

For the
period ended
March 31,
2024

 

Cash paid for amounts included in the measurement of lease liabilities:

 

 

 

 

 

 

 

 

 

 

 

Operating cash flows from operating leases

 

 

 

 

 

 

 

 

 

 

210,042

 

Right-of-use assets obtained in exchange for lease obligations:

 

 

 

 

 

 

 

 

 

 

 

Operating Assets

 

 

 

 

 

 

 

 

 

 

415,141

 

Schedule of Balance Sheet Information Related to Leases

(iii) Balance sheet information related to leases are as follows:

 

Particulars

 

 

 

As of
March 31,
2024

 

Operating Leases:

 

 

 

 

 

 

 

 

 

 

 

Operating Lease ROU Asset, net

 

 

 

 

 

 

 

 

 

 

822,327

 

 

 

 

 

 

 

 

 

 

 

 

Short term liabilities

 

 

 

 

 

 

 

 

 

 

358,802

 

Long term liabilities

 

 

 

 

 

 

 

 

 

 

268,856

 

Total operating lease liabilities

 

 

 

 

 

 

 

 

 

 

627,658

 

Summary of Weighted Average Remaining Lease Terms and Discount Rates

(iv) Weighted Average Remaining Lease Term (In years)

 

 

 

 

 

 

 

 

 

 

 

As of
March 31,
2024

 

Operating leases

 

 

 

 

 

 

 

 

 

 

5.93

 

 

(v) Weighted Average Discount Rate

 

 

 

 

 

 

 

 

 

 

 

As of
March 31,
2024

 

Operating leases

 

 

 

 

 

 

 

 

 

 

12.62

%

 

Schedule of Maturities of Lease Liabilities

(vi) Maturities of lease liabilities were as follows:

 

Particulars

 

 

 

Lease
Liabilities
(USD)*

 

For Period Ended March 31 2024

 

 

 

 

 

 

 

 

 

 

 

2025

 

 

 

 

 

 

 

 

 

 

368,092

 

2026

 

 

 

 

 

 

 

 

 

 

134,054

 

2027

 

 

 

 

 

 

 

 

 

 

135,628

 

2028

 

 

 

 

 

 

 

 

 

 

51,052

 

2029

 

 

 

 

 

 

 

 

 

 

20,750

 

Thereafter

 

 

 

 

 

 

 

 

 

 

69,482

 

Total Lease Payments

 

 

 

 

 

 

 

 

 

 

779,058

 

Less: Imputed Interest

 

 

 

 

 

 

 

 

 

 

(151,400

)

Total

 

 

 

 

 

 

 

 

 

 

627,658

 

 

*The lease liabilities are translated into U.S. Dollars using the closing rate for the period ended March 31, 2024