XML 27 R16.htm IDEA: XBRL DOCUMENT
v3.25.4

Related Party Transactions | 9 Months Ended
--- | ---
Dec. 31, 2025
Related Party Transactions [Abstract] |
Related Party Transactions | Note 8 - Related Party Transactions
Schedule of related party transactions |  |
Name of the related party |  | Relationship
Aark II Pte Limited |  | Affiliate entity
Aeries Technology Products And Strategies Private Limited (“ATPSPL”) |  | Affiliate entity
Aeries Financial Technologies Private Limited |  | Affiliate entity
Bhanix Finance And Investment Limited |  | Affiliate entity
Ralak Consulting LLP |  | Affiliate entity
TSLC Pte Limited |  | Affiliate entity
Sqrrl Fintech Private Limited (“Sqrrl”) |  | Affiliate entity
Venu Raman Kumar |  | Chairman of ATI’s Board and controlling shareholder
Vaibhav Rao |  | Members of immediate families of Venu Raman Kumar
Sudhir Appukuttan Panikassery |  | Key managerial personnel (through February 9, 2025)
|  | Vice chairman of ATI’s Board (February 10, 2025 through September 18, 2025)
Bhisham (Ajay) Khare |  | Key managerial personnel
Summary of significant transactions and balances due to and from related parties are as follows:
Schedule of significant transactions and balances due to and from related parties |  |  |  |  |  |  |  |  |  |  |  |  |  |
|  | Three Months Ended December 31, |  |  | Nine Months Ended December 31, |
|  | 2025 |  |  | 2024 |  |  | 2025 |  |  | 2024 |
Cost sharing arrangements |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aeries Financial Technologies Private Limited (b) |  |  | - |  |  |  | 41 |  |  |  | - |  |  |  | 130 |
Bhanix Finance And Investment Limited (b) |  |  | 24 |  |  |  | 31 |  |  |  | 82 |  |  |  | 91 |
Interest expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aeries Technology Products And Strategies Private Limited (d) |  |  | - |  |  |  | 15 |  |  |  | 5 |  |  |  | 58 |
Mr. Vaibhav Rao (g) |  |  | 24 |  |  |  | 21 |  |  |  | 72 |  |  |  | 63 |
Sqrrl Fintech Private Limited (k) |  |  | - |  |  |  | 8 |  |  |  | - |  |  |  | 8 |
Interest income |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aeries Financial Technologies Private Limited (f), (h) |  |  | 54 |  |  |  | 4 |  |  |  | 157 |  |  |  | 12 |
Aeries Technology Products And Strategies Private Limited (e), (h) |  |  | 16 |  |  |  | 18 |  |  |  | 49 |  |  |  | 65 |
Legal and professional fees paid |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Ralak Consulting LLP (c) |  |  | 40 |  |  |  | 76 |  |  |  | 123 |  |  |  | 230 |
Management consultancy service |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aark II Pte Limited (a) |  |  | 359 |  |  |  | 720 |  |  |  | 1,775 |  |  |  | 2,223 |
Office management and support services expense |  |  |  |  |  |  |  |  |  |  |  |  |  |  |  |
Aeries Technology Products And Strategies Private Limited (i) |  |  | 1 |  |  |  | 6 |  |  |  | 2 |  |  |  | 35 |
|  | December 31, |  |  | March 31, |
|  | 2025 |  |  | 2025 |
Accounts payable |  |  |  |  |  |  |  |
Aeries Technology Products And Strategies Private Limited (i) |  | $ | 0 |  |  | $ | - |
Accounts receivable |  |  |  |  |  |  |  |
Aark II Pte Limited (a) |  |  | 248 |  |  |  | 439 |
Aeries Financial Technologies Private Limited (b) |  |  | - |  |  |  | 102 |
Bhanix Finance And Investment Limited (b) |  |  | 33 |  |  |  | 105 |
TSLC Pte Limited (a) |  |  | 91 |  |  |  | 101 |
Prepaid expense and other current assets |  |  |  |  |  |  |  |
Receivable from Mr. Bhisham (Ajay) Khare (j) |  |  | 740 |  |  |  | - |
Interest payable (classified under other current liabilities) |  |  |  |  |  |  |  |
Aeries Technology Products And Strategies Private Limited (d) |  |  | 43 |  |  |  | 41 |
Interest receivable (classified under prepaid expenses and other current assets) |  |  |  |  |  |  |  |
Aeries Technology Products And Strategies Private Limited (e) |  |  | 25 |  |  |  | 14 |
Aeries Financial Technologies Private Limited (f) |  |  | - |  |  |  | 1 |
Investment in 0.001% Series-A Redeemable preference share |  |  |  |  |  |  |  |
Aeries Financial Technologies Private Limited (h) |  |  | 1,100 |  |  |  | 1,008 |
Investment in 10% Cumulative redeemable preference shares |  |  |  |  |  |  |  |
Aeries Technology Products And Strategies Private Limited (h) |  |  | 816 |  |  |  | 822 |
Loan from Members of immediate families of Venu Raman Kumar |  |  |  |  |  |  |  |
Mr. Vaibhav Rao (g) |  |  | 773 |  |  |  | 812 |
Loans from affiliates |  |  |  |  |  |  |  |
Aeries Technology Products and Strategies Private Limited (d) |  |  | - |  |  |  | 111 |
Loans to affiliates (classified under other assets) |  |  |  |  |  |  |  |
Aeries Financial Technologies Private Limited (f) |  |  | 97 |  |  |  | 102 |
Aeries Technology Products And Strategies Private Limited (e) |  |  | 150 |  |  |  | 129 |
Advance to Vendor |  |  |  |  |  |  |  |
Aeries Technology Products And Strategies Private Limited (i) |  |  | 2 |  |  |  | - |
(a) | The Company provided management consulting services to Aark II Pte Ltd under an agreement dated June 21, 2021 and its amendments thereof and to TSLC Pte Ltd under an agreement dated July 12, 2021.
(b) | The Company was in a cost sharing arrangement with Aeries Financial Technologies Private Ltd and Bhanix Finance and Investment Ltd under separate agreements dated April 1, 2020. The cost sharing arrangement included costs in the areas of office management, IT and operations. The agreements are for a 36-month term with auto renewals after the original term.
(c) | The Company availed consulting services including implementation services in business restructuring, risk management, feasibility studies, mergers & acquisitions etc. from Ralak Consulting LLP via agreement dated April 1, 2022.
(d) | The Company incurred interest expense in relation to loans taken from ATPSPL, which were borrowed to meet working capital requirements. The loans were for a 3-year term and were issued at an interest rate of 12% per annum.
(e) | The Company received interest income in relation to loans given to affiliates to support their working capital requirements. The loans were for a 3-year term and issued at an interest rate of 12% per annum.
(f) | The Company received interest income in relation to loans given to affiliates to support their working capital requirements. The loans were for a 3-year term and issued at an interest rate of 15-17% per annum.
(g) | The Company obtained a loan at 12% per annum interest rate (w.e.f April 1, 2025; 10% per annum till March 31, 2025) from Mr. Vaibhav Rao for business purposes. The agreement shall remain valid until the principal amount along with interest is fully repaid. The loan amount was outstanding as of December 31, 2025.
(h) | This amount represents investments in affiliates. The Company earned interest income on its investments in affiliates.
(i) | The Company availed management consulting services from ATPSPL under agreements dated March 20, 2020 and April 1, 2021.
(j) | For the nine months ended December 31, 2025, the Company has issued 851,184 shares at a fair value of $0.87 per share to Mr. Bhisham (Ajay) Khare pursuant to the exchange agreement dated November 6, 2023 for his holding in ATGBA. As on December 31, 2025, Mr. Bhisham (Ajay) Khare is yet to transfer the shares to the Company and consequently a receivable of $740 has been recognized.
(k) | The Company incurred interest expense in relation to loans taken from Sqrrl, which were borrowed to meet working capital requirements. The loans were for a 3-month term and were issued at an interest rate of 17% per annum.
The Company has also executed two Exchange Agreements: (1) with AARK and Mr. Raman Kumar in his capacity as a shareholder of AARK; and (2) with ATGBA and Mr. Sudhir Appukuttan Panikassery, Mr. Ajay Khare, and Mr. Unnikrishnan Balakrishnan Nambiar, key managerial personnel of ATGBA in their capacity as shareholders of ATGBA (together referred to as “counterparties”). Under the Exchange Agreements, the counterparties would have a right to exchange the shares held by them in AARK or ATGBA into shares of the Company or cash subject to the conditions specified in the relevant Exchange Agreement. Refer Note 10 for details. Additionally, in connection with the Business Combination, 5,638,530 Class A ordinary shares were issued to Innovo Consultancy DMCC, which is wholly owned by Mr. Kumar.

X
- References No definition available. + Details
Name: | us-gaap_RelatedPartyTransactionsAbstract
Namespace Prefix: | us-gaap_
Data Type: | xbrli:stringItemType
Balance Type: | na
Period Type: | duration

X
- Definition The entire disclosure for related party transactions. Examples of related party transactions include transactions between (a) a parent company and its subsidiary; (b) subsidiaries of a common parent; (c) and entity and its principal owners; and (d) affiliates. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (d) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-2 Reference 3: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 5 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-5 Reference 4: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 20 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147480990/946-20-50-6 Reference 5: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (c) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 6: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 235 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (e) -Publisher FASB -URI https://asc.fasb.org/1943274/2147477968/946-235-50-2 Reference 7: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(g)(3)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 8: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(c)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 9: http://www.xbrl.org/2003/role/disclosureRef -Topic 946 -SubTopic 220 -Name Accounting Standards Codification -Section S99 -Paragraph 1 -Subparagraph (SX 210.6-07(2)(e)) -Publisher FASB -URI https://asc.fasb.org/1943274/2147479134/946-220-S99-1 Reference 10: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org/850/tableOfContent Reference 11: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 6 -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-6 Reference 12: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 Reference 13: http://www.xbrl.org/2003/role/disclosureRef -Topic 850 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 1 -Subparagraph (b) -Publisher FASB -URI https://asc.fasb.org/1943274/2147483326/850-10-50-1 + Details
Name: | us-gaap_RelatedPartyTransactionsDisclosureTextBlock
Namespace Prefix: | us-gaap_
Data Type: | dtr-types:textBlockItemType
Balance Type: | na
Period Type: | duration