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Employee Compensation and Benefits | 9 Months Ended
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Dec. 31, 2025
Retirement Benefits [Abstract] |
Employee Compensation and Benefits | Note 6 - Employee Compensation and Benefits The Company has employee benefit plans in the form of certain statutory and other programs covering its employees. Defined Benefit Plan - Gratuity The Company has subsidiaries in India and Mexico with employees covered by defined benefit plans. We have defined benefit plans comprised of gratuity under Payments of Gratuity Act, 1972 covering eligible employees in India & Federal Labor Law in Mexico. The present value of the defined benefit obligations and other long-term employee benefits is determined based on actuarial valuation using the projected unit credit method. The rate used to discount defined benefit obligation is determined by reference to market yields at the balance sheet date of government bonds for respective regions for the estimated term of obligations. Actuarial gains or losses arising on account of experience adjustment and the effect of changes in actuarial assumptions are initially recognized in the condensed consolidated statements of comprehensive income, and the unrecognized actuarial loss is amortized to the condensed consolidated statements of operations over the average remaining service period of the active employees expected to receive benefits under the plan. On November 21, 2025, the Government of India notified provisions of the Labour Codes - the Code on Wages, 2019, the Industrial Relations Code, 2020, the Code on Social Security, 2020, and the Occupational Safety, Health and Working Conditions Code, 2020 - consolidating 29 existing labour laws. The Company has assessed and disclosed the incremental impact of these changes on the basis of valuation & best information available. The adjustments for the Labour Codes represent an increase in gratuity liability arising out of past service cost by $31 primarily due to change in wage definition which is recognized in the Consolidated Statement of Comprehensive Income/(loss) for the nine months ended December 31, 2025. The Company continues to monitor the finalization of Central / State Rules and clarifications from the Government on other aspects of the Labour Code. Changes in “Other comprehensive income / (loss)” during the three and nine months ended December 31, 2025 and 2024 were as follows:
Schedule of other comprehensive income/ (loss) |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended December 31, |  |  | Nine Months Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Net actuarial loss / (gain) |  | $ | (49 | ) |  | $ | (13 | ) |  | $ | (87 | ) |  | $ | 142 |
Amortization of net actuarial loss / (gain) |  |  | (17 | ) |  |  | (16 | ) |  |  | (77 | ) |  |  | (52 | )
Deferred tax (benefit) / expense |  |  | 16 |  |  |  | 7 |  |  |  | 43 |  |  |  | (27 | )
Unrecognized actuarial (gain) / loss on employee benefit plan obligations |  | $ | (50 | ) |  | $ | (22 | ) |  | $ | (121 | ) |  | $ | 63 |
Net defined benefit plan costs for the three and nine months ended December 31, 2025 and 2024 include the following components:
Schedule of net defined benefit plan costs |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended December 31, |  |  | Nine Months Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Current Service costs |  | $ | 168 |  |  | $ | 113 |  |  | $ | 402 |  |  | $ | 382 |
Past service cost |  |  | 31 |  |  |  | - |  |  |  | 31 |  |  |  | - |
Interest costs |  |  | 76 |  |  |  | 38 |  |  |  | 159 |  |  |  | 118 |
Settlements |  |  | - |  |  |  | - |  |  |  | 20 |  |  |  | - |
Amortization of net actuarial loss |  |  | 17 |  |  |  | 16 |  |  |  | 57 |  |  |  | 52 |
Net defined benefit plan costs |  | $ | 292 |  |  | $ | 167 |  |  | $ | 669 |  |  | $ | 552 |

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- Definition The entire disclosure for an entity's employee compensation and benefit plans, including, but not limited to, postemployment and postretirement benefit plans, defined benefit pension plans, defined contribution plans, non-qualified and supplemental benefit plans, deferred compensation, share-based compensation, life insurance, severance, health care, unemployment and other benefit plans. + References Reference 1: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 715 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/715/tableOfContent Reference 2: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 712 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/712/tableOfContent Reference 3: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 710 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/710/tableOfContent Reference 4: http://www.xbrl.org/2009/role/commonPracticeRef -Topic 718 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/718/tableOfContent + Details
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