Trade and other receivables

12 Months Ended

Mar. 31, 2025

Disclosure of Trade and other receivables [Abstract]

13.

Trade and other receivables

Trade and other receivables comprise:

	March 31, 2025		March 31, 2024
(i) Trade receivables, net (refer Note (i) below)		10,892,452		10,155,223
(ii) Other receivables including deposits (refer Note (ii) below)		3,951,469		3,947,962
(iii) Contract related accruals		-		-
		14,843,921		14,103,185

(i)

Trade receivables as of March 31, 2025 and March 31, 2024 are stated net of allowance for doubtful receivables. The Group maintains an allowance for doubtful receivables based on expected credit loss model. The Group’s exposure to credit and currency risks and impairment losses related to trade and other receivables, excluding construction work in progress is disclosed in note 34. Trade receivables consist of:

	March 31, 2025			March 31, 2024
Trade receivables from related parties		-			-
Other trade receivables		11,549,909			10,734,773
		11,549,909			10,734,773
Less: Allowance for doubtful receivables		(657,457	)		(579,550	)
Balance at the end of the year		10,892,452			10,155,223

The activity in the allowance for doubtful accounts receivable is given below:

	March 31, 2025			March 31, 2024
Balance at the beginning of the year		579,550			480,403
Add : Additional provision, net		194,814			265,000
Less : Bad debts written off		(116,907	)		(165,853	)
Balance at the end of the year		657,457			579,550

(ii)

Other receivables comprise of the following items:

	March 31, 2025		March 31, 2024
Advances and other deposits (Refer Note (a) below)		2,469,496		1,793,841
Withholding taxes (Refer Note (b) below)		1,481,973		2,154,121
		3,951,469		3,947,962
Financial assets included in other receivables		316,403		157,779

Notes:

Advances and other deposits primarily comprise of receivables in the form of deposits, sales tax/VAT, service tax, GST and other advances given in the ordinary course of business.

Includes withholding taxes recoverable from the Department of Income-tax for which the Company has filed tax returns for refund. The Company expects to realize such refund of withholding taxes within the next 12 months.