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Commitments and Contingencies | 6 Months Ended
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Sep. 30, 2024
Commitments and Contingencies Disclosure [Abstract] |
Commitments and Contingencies | 23. Commitments and contingencies A. Leases - Accounted as per ASC 842 for the Period Ended September 30, 2024 Operating leases The Company leases office space under non-cancellable operating lease agreements, which expire on various dates through April 2031. Some property leases contain extension options exercisable by the Company. The lease agreements do not contain any material residual value guarantees or material restrictive covenants. The components of lease cost for the period ended September 30, 2024 are summarized below: i) The following tables presents the various components of lease costs:
Particulars |  |  |  | For the period ended September 30, 2024 |
Lease : |  |  |  |  |
Operating lease cost |  |  |  |  | 135,040 |
Short-term lease cost |  |  |  |  | 42,757 |
Total lease cost |  |  |  |  | 177,797 |
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 September 30, 2024 |
Cash paid for amounts included in the measurement of lease liabilities: |  |  |  |  |  |  |  |  |  |  |
Operating cash flows from operating leases |  |  |  |  |  |  |  |  |  |  | 96,076 |
iii) Balance sheet information related to leases is as follows:
Particulars |  |  |  | As of September 30, 2024 |
Operating Leases: |  |  |  |  |  |  |  |  |  |  |
Operating Lease ROU Asset, net |  |  |  |  |  |  |  |  |  |  | 946,798 |
Short term liabilities |  |  |  |  |  |  |  |  |  |  | 397,957 |
Long term liabilities |  |  |  |  |  |  |  |  |  |  | 379,697 |
Total operating lease liabilities |  |  |  |  |  |  |  |  |  |  | 777,654 |
iv) Weighted Average Remaining Lease Term (In years)
|  |  |  |  |  |  |  |  |  | As of September 30, 2024 |
Operating leases |  |  |  |  |  |  |  |  |  |  | 5.12 |
v) Weighted Average Discount Rate
|  |  |  |  |  |  |  |  |  | As of September 30, 2024 |
Operating leases |  |  |  |  |  |  |  |  |  |  | 12.57 | %
vi) Maturities of lease liabilities were as follows:
Particulars |  |  |  | Lease Liabilities (USD)* |
For Period Ended September 30, 2024 |  |  |  |  |  |  |  |  |  |  |
2025 |  |  |  |  |  |  |  |  |  |  | 357,464 |
2026 |  |  |  |  |  |  |  |  |  |  | 177,555 |
2027 |  |  |  |  |  |  |  |  |  |  | 151,925 |
2028 |  |  |  |  |  |  |  |  |  |  | 91,185 |
2029 |  |  |  |  |  |  |  |  |  |  | 91,069 |
Thereafter |  |  |  |  |  |  |  |  |  |  | 189,525 |
Total Lease Payments |  |  |  |  |  |  |  |  |  |  | 1,058,723 |
Less: Imputed Interest |  |  |  |  |  |  |  |  |  |  | (281,069 | )
Total |  |  |  |  |  |  |  |  |  |  | 777,654 |
* The lease liabilities are translated into U.S. Dollars using the closing rate for the period ended September 30, 2024 C. Litigation and loss contingencies From time to time, the Company may be subject to other legal proceedings, claims, investigations, and government inquiries (collectively, "Legal Proceedings") in the ordinary course of business. It may receive claims from third parties asserting, among other things, infringement of their intellectual property rights, defamation, labor and employment rights, privacy, and contractual rights. There are no currently pending Legal Proceedings that the Company believes will have a material adverse impact on the business or consolidated financial statements. D. Indemnifications In the ordinary course of business, the Company enters into contractual arrangements under which the Company agrees to provide indemnification of varying scope and terms to customers, business partners, and other parties with respect to certain matters, including losses arising out of intellectual property infringement claims made by third parties, if the Company has violated applicable laws, if the Company is negligent or commits acts of willful misconduct, and other liabilities with respect to its products and services and its business. In these circumstances, payment is typically conditional on the other party making a claim pursuant to the procedures specified in the particular contract. To date, the Company has not incurred any material costs as a result of such indemnifications and has not accrued any liabilities related to such obligations in its consolidated financial statements.

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