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EMPLOYEE BENEFITS (Tables)
 12 Months Ended
Mar. 31, 2025
Employee benefits [Abstract]  
Disclosure of net defined benefit liability (asset)
The changes in the fair value of assets, the employee benefit obligation and the funded status were as follows:
As at
March 31
2025
March 31
2024
Accrued benefit obligations:
Opening balance$28,382 $29,162 
Interest cost986 1,015 
Service cost921 610 
Assumption changes133 561 
Transfers and benefits paid(2,156)(2,590)
Exchange and other adjustments1,394 (376)
Accrued benefit obligations, ending balance$29,660 $28,382 
Plan assets:
Opening balance$3,797 $3,676 
Interest income included in net interest expense(28)125 
Exchange and other adjustments86 (4)
Plan assets, ending balance$3,855 $3,797 
Employee benefits liability$25,805 $24,585 
Amounts recognized in other comprehensive income (before tax) were as follows:

As at
March 31
2025
March 31
2024
Total actuarial losses recognized in OCI
$(133)$(561)

The significant weighted average annual actuarial assumptions used in measuring the accrued benefit obligation were as follows:

As at
March 31
2025
March 31
2024
Discount rate3.7 %3.8 %
Rate of compensation increase0.7 %0.6 %
Disclosure of sensitivity analysis for actuarial assumptions
As at March 31, 2025, the following quantitative analysis shows changes to the significant actuarial assumptions and the corresponding impact on the accrued benefit obligations:

Discount rate Life expectancy
1% increase1% decreaseIncrease by 1 yearDecrease by 1 year
Accrued benefit obligations$(2,575)$2,668 $639 $(645)
The weighted average allocations of plan assets were:
As at
March 31
2025
March 31
2024
Other100.0 %100.0 %
Disclosure of defined benefit plans
The net employee benefits expense included the following components:
Years ended
March 31
2025
March 31
2024
Defined benefit plans
Service cost$921 $610 
Interest cost986 1,015 
1,907 1,625 
Defined contribution plans11,471 9,871 
Net employee benefits expense$13,378 $11,496