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PROPERTY, PLANT, AND EQUIPMENT
 3 Months Ended
Jun. 30, 2025
Property, Plant and Equipment [Abstract]  
Property, Plant and Equipment Disclosure [Text Block]

NOTE 6 – PROPERTY, PLANT, AND EQUIPMENT

 

   (in thousands, except useful life) 
   Useful Life
(years)		   As of
June 30,
2025
($)		   As of
March 31,
2025
($)		 
Buildings and facilities   25    2,341    2,341 
Plant and machinery   5-20    3,095    3,087 
Computer equipment’s   3    186    187 
Office equipment’s   3-5    146    144 
Furniture and fixtures   5    97    96 
Vehicles   5    58    58 
Total gross value        5,923    5,913 
Less: Accumulated depreciation        (2,826)   (2,693)
Total property, plant, and equipment, net        3,097    3,220 

The depreciation expense in the three months ended June 30, 2025, and 2024 amounted to approximately $127 thousand and $142 thousand, respectively. For more information, please refer to Note 16 – “Segment Information” for the non-current assets other than financial instruments held in the country of domicile and foreign countries.

 

Asset Held For Sale

 

During the three months ended June 30, 2025, the Company sold the Nagpur land to buyers for a net value of approximately $702 thousand. Ownership and possession of the land were transferred to the buyers.