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CASH AND CASH EQUIVALENTS

6 Months Ended

Sep. 30, 2025

Cash and Cash Equivalents [Abstract]

CASH AND CASH EQUIVALENTS

CASH AND CASH EQUIVALENTS

As of September 30, 2025, and March 31, 2025, cash and cash equivalents consisted of the following:

			September 30, 2025						March 31, 2025
Short term deposits in commercial banks			$	241,398					$	262,345
Short term deposits in National Bank (Kazakhstan)			174,515						311,065
Securities purchased under reverse repurchase agreements			105,315						81,118
Petty cash in bank vault and on hand			54,208						59,533
Overnight deposits			18,977						81,962
Cash in transit			16,578						10,546
Short term deposits on brokerage accounts			9,208						20,567
Short term deposits in National Bank (Tajikistan)			6,934						7,647
Short term deposits in stock exchanges			6,349						2,391
Short term deposits in the Central Depository (Kazakhstan)			2,411						510
Other short term deposits and accounts			557						—
Allowance for Cash and cash equivalents			(475)						(382)
Total cash and cash equivalents			$	635,975					$	837,302

As of September 30, 2025, and March 31, 2025, total cash and cash equivalents included short-term collateralized securities received under reverse repurchase agreements which the Group enters into on the KASE. The KASE, in turn, guarantees payments to the counterparty. The terms of the short-term collateralized securities received under reverse repurchase agreements as of September 30, 2025, and March 31, 2025 are presented below:

			September 30, 2025
			Interest rates and remaining contractual maturity of the agreements
			Average interest rate						Up to 30 days						30-90 days						Total
Securities purchased under reverse repurchase agreements
Non-US sovereign debt			12.98		%				$	75,442					$	4,940					$	80,382
Corporate equity			13.80		%				19,408						—						19,408
Corporate debt			10.14		%				4,478						—						4,478
US sovereign debt			3.50		%				1,047						—						1,047
Total									$	100,375					$	4,940					$	105,315

			March 31, 2025
			Interest rates and remaining contractual maturity of the agreements
			Average interest rate						Up to 30 days									Total
Securities purchased under reverse repurchase agreements
Corporate equity			17.05		%				$	58,202								$	58,202
Corporate debt			13.27		%				16,644									16,644
Non-US sovereign debt			4.48		%				4,436									4,436
US sovereign debt			16.75		%				1,836									1,836
Total									$	81,118								$	81,118

The securities received by the Group as collateral under reverse repurchase agreements are liquid trading securities with market quotes and significant trading volume. The fair value of collateral received by the Group under reverse repurchase agreements as of September 30, 2025 and March 31, 2025, was $107,264 and $82,140, respectively.

As of September 30, 2025 and March 31, 2025, securities purchased under reverse repurchase agreements included accrued interest in the amount of $135 and $5, with a weighted average maturity of 6 days and 1 day, respectively.

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- References

No definition available.

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- Definition

The entire disclosure for cash and cash equivalent footnotes, which may include the types of deposits and money market instruments, applicable carrying amounts, restricted amounts and compensating balance arrangements. Cash and equivalents include: (1) currency on hand (2) demand deposits with banks or financial institutions (3) other kinds of accounts that have the general characteristics of demand deposits (4) short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Generally, only investments maturing within three months from the date of acquisition qualify.

+ References

Reference 1: http://www.xbrl.org/2003/role/disclosureRef
-Topic 210
-SubTopic 10
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.5-02(1))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147480566/210-10-S99-1

Reference 2: http://www.xbrl.org/2003/role/disclosureRef
-Topic 944
-SubTopic 210
-Name Accounting Standards Codification
-Section S99
-Paragraph 1
-Subparagraph (SX 210.7-03(a)(2))
-Publisher FASB
-URI https://asc.fasb.org/1943274/2147478777/944-210-S99-1

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