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Long-term debt
 3 Months Ended 12 Months Ended
Jun. 30, 2024
Mar. 31, 2024
Debt Disclosure [Abstract]    
Long-term debt

Note 4 - Long-term debt

 

Long-term debt consists of the following:

 

               
   

June 30,

2024

    

March 31,

2024

  
Loan from the director of ATGBA   $ 833     $ 834  
Loan from an affiliate     737       498  
Non-current portion of vehicle loan     105       108  
    $ 1,675     $ 1,440  

 

For additional information on the loan from the director of ATGBA, Mr. Vaibhav Rao, to a subsidiary company and loan from an affiliate, see Note 8 – Related Party Transactions - point (g) and (d), respectively.

 

Vehicle loan

 

On December 7, 2022, the Company entered into a vehicle loan, secured by the vehicle, for INR 11,450 (or approximately $137 at the exchange rate in effect on June 30, 2024) at 10.75% from Mercedes-Benz Financial Services India Pvt. Ltd. The Company is required to repay the loan in 48 monthly instalments beginning January 4, 2023.

 

As of June 30, 2024, the future maturities of debt by fiscal year are as follows:

 

       
2025   $ 10  
2026     848  
2027     591  
2028     240  
Total future maturities of debt   $ 1,689  

 

Note 9 - Long-term debt

 

Long-term debt consists of the following:

 

           
    As of
March 31,		  
    2024     2023  
Loan from the director of ATGBA   $ 834     $ 845  
Loan from an affiliate     498       -  
Non-current portion of vehicle loan     108       124  
    $ 1,440     $ 969  

 

For additional information on the loan from the director of ATGBA, Mr. Vaibhav Rao, to a subsidiary company and loan from an affiliate, see Note 14 – Related Party Transactions - point (g) and (d), respectively.

 

Vehicle loan

 

On December 7, 2022, the Company entered into a vehicle loan, secured by the vehicle, for INR 11,450 (or approximately $137 at the exchange rate in effect on March 31, 2024) at 10.75% from Mercedes-Benz Financial Services India Pvt. Ltd. The Company is required to repay the loan in 48 monthly instalments beginning January 4, 2023.

 

As of March 31, 2024, the future maturities of debt by fiscal year are as follows:

 

       
2025   $ 13  
2026     849  
2027     591  
Total future maturities of debt   $ 1,453