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v3.24.3

Borrowings (Tables) | 6 Months Ended
--- | ---
Sep. 30, 2024
Debt Instrument [Line Items] |
Schedule of Long Term Borrowings | A. Long-term borrowings consist of the following:
|  |  |  |  | As of September 30, 2024 |  |  | As of March 31, 2024 |
Loans from banks (note a) |  |  |  |  |  | 121,796 |  |  |  | 112,169 |
Secured debentures (note b) |  |  |  |  |  | 2,203,787 |  |  |  | 2,214,754 |
Convertible debenture (note c) |  |  |  |  |  | 1,226,560 |  |  |  | 1,374,481 |
Less: current portion of long-term borrowings |  |  |  |  |  | (2,221,055 | ) |  |  | (2,228,471 | )
|  |  |  |  |  | 1,331,088 |  |  |  | 1,472,933 |
Schedule of Loans from Banks | a) Loan from banks:
Particulars |  |  | Interest rate |  | Maturity date |  | Amount outstanding |
Long-term borrowings from banks |  |  | 8.75% |  | 10-Aug-30 |  |  | 104,986 |
Long-term borrowings from banks |  |  | 9.00% |  | 1-May-29 |  |  | 16,810 |
|  |  |  |  |  |  |  | 121,796 |
Schedule of Secured Debentures | b) Secured debentures:
Particulars |  |  | Interest rate |  |  | Maturity date |  | Amount outstanding |
N1 Series Debentures |  |  |  | 19.50 | % |  | 31-Mar-25 |  |  | 575,274 |
N2 Series Debenture |  |  |  | 19.50 | % |  | 31-Mar-25 |  |  | 325,791 |
N3 Series Debentures |  |  |  | 19.25 | % |  | 31-Mar-25 |  |  | 407,614 |
N4 Series Debentures |  |  |  | 20.00 | % |  | 31-Mar-25 |  |  | 895,108 |
|  |  |  |  |  |  |  |  | 2,203,787 |
Schedule Of Changes In Repayment Terms | During the three month period ended September 30, 2024, the Company has entered into a modification arrangement with the debenture holders, resulting in changes to the repayment terms for the following series of debentures:
Particulars |  |  |  |  | Original terms (Months) |  |  | Modified Terms (Months) |
N1 Series Debentures |  |  |  |  |  | 24 |  |  |  | 34 |
N2 Series Debenture |  |  |  |  |  | 24 |  |  |  | 32 |
N3 Series Debentures |  |  |  |  |  | 18 |  |  |  | 28 |
N4 Series Debentures |  |  |  |  |  | 13 |  |  |  | 27 |
Schedule of Assumptions Used In Calculating Estimated Fair Value Of Forward Purchase Agreement | Assumptions used in calculating estimated fair value of the Forward Purchase Agreement as of September 30, 2024 are as follows:
Volatility |  |  |  |  |  |  |  | 60.51 | %
Risk-free rate |  |  |  |  |  |  |  | 3.79 | %
Dividend yield |  |  |  |  |  |  |  | 0.00 | %
Strike price |  |  |  |  |  |  |  | 10.77 |
Remaining term (years) |  |  |  |  |  |  | 0.50 year |
Schedule of Maturities of Long-term Borrowings Excluding Convertible Notes | d. As of September 30 2024, the aggregate maturities of long-term borrowings are as follows:
Period ending March 31, 2025 |  |  |  |  |  |  |  | 2,212,273 |
Period ending March 31, 2026 |  |  |  |  |  |  |  | 18,057 |
Period ending March 31, 2027 |  |  |  |  |  |  |  | 19,718 |
Period ending March 31, 2027 onwards |  |  |  |  |  |  |  | 75,535 |
|  |  |  |  |  |  |  | 2,325,583 |
Schedule of Short Term Borrowings | B. Short-term borrowings
|  |  |  |  | As of September 30, 2024 |  |  | As of March 31, 2024 |
Loans from banks (note a) |  |  |  |  |  | 236,173 |  |  |  | 781,455 |
Loans from related parties (note b) |  |  |  |  |  | 1,080,444 |  |  |  | 1,096,109 |
Loans from others (note c) |  |  |  |  |  | 18,866,800 |  |  |  | 13,877,265 |
|  |  |  |  |  | 20,183,417 |  |  |  | 15,754,829 |
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 |  |  | 14.91 | %
Summary of Estimated Fair Value of Working Capital Loan | Fair Value of the Warrants:
Closing price |  |  |  |  |  |  | $ | 0.06 |
Open price |  |  |  |  |  |  | $ | 0.06 |
High |  |  |  |  |  |  | $ | 0.06 |
Low |  |  |  |  |  |  | $ | 0.06 |
Warrants Entitlement |
Debt Instrument [Line Items] |
Schedule of Assumptions Used In Calculating Estimated Fair Value Of Forward Purchase Agreement | The assumptions used in calculating estimated fair value of warrants due as of June 30, 2024 are as follows:
Risk free rate |  |  |  |  | 3.58 | %
Volatility |  |  |  |  | 169.23 | %
Annual Interest rate |  |  |  |  | 13 | %
Conversion Price |  |  |  | $10 |

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