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PROPERTY, PLANT, AND EQUIPMENT
 6 Months Ended
Sep. 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
September 30,
2025
($)		   As of
March 31,
2025
($)		 
Buildings and facilities   25    1,503    2,341 
Plant and machinery   5-20    1,932    3,087 
Computer equipment   3    185    187 
Office equipment   3-5    155    144 
Furniture and fixtures   5    53    96 
Vehicles   5    58    58 
Total gross value        3,886    5,913 
Less: Accumulated depreciation        (1,711)   (2,693)
Total property, plant, and equipment, net        2,175    3,220 

 

The depreciation expense in the three months ended September 30, 2025, and 2024 amounted to approximately $105 thousand and $145 thousand, respectively. The depreciation expense in the six months ended September 30, 2025, and 2024 amounted to approximately $232 thousand and $287 thousand, respectively. The net decrease in Total property, plant, and equipment is primarily due to depreciation and the gross carrying amount of property, plant, and equipment decreased by approximately $850 thousand, net of accumulated depreciation, primarily due to the transfer of certain assets associated with the Vancouver, Washington facility to the Buyer under the Favorable Contract, please refer to Note 7 – “Disposition of Assets”. 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.

 

Assets Held For Sale

 

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