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ACCRUED AND OTHER LIABILITIES

6 Months Ended

Sep. 30, 2024

Accrued Liabilities Disclosure Abstract

Accrued Liabilities Disclosure [Text Block]

NOTE 10 – ACCRUED AND OTHER LIABILITIES

	*(in thousands)*
	As of September 30, 2024 ($)		As of March 31, 2024 ($)
Compensation and other contributions		1,034		816
Provision for expenses		72		208
Short-term lease liabilities		134		124
Other current liabilities		794		419
Total		2,034		1,567

Compensation and other contribution-related liabilities consist of accrued salaries to employees. In addition, provision for expenses includes provision for legal, professional, and marketing expenses. Other current liabilities also includes statutory payables of approximately $18 thousand and $25 thousand as of September 30, 2024, and March 31, 2024, respectively, and approximately $3 thousand of short-term loans as of September 30, 2024, and March 31, 2024, respectively. In addition, during the six months ended, September 30, 2024, the Company received approximately $562 thousand as advance for the land. Please refer to Note 6 – “Property, plant and, equipment”, for more information.