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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2022
Mar. 31, 2021
CASH FLOWS FROM OPERATING ACTIVITIES    
(Loss)/profit for the year $ (403,035) $ 1,150,615
Deferred tax (benefit) / expense (537,915) 245,872
Income tax expense 1,117,861 371,021
Amortization of intangible assets 11,894,518 11,931,668
Loss on deconsolidation of subsidiary (refer note 24) 225,098  
Fair value gain on remeasurement of warrant liability (1,487,589)  
Share warrant expenses 1,562,911  
Depreciation   240,164
Loss on sale of property, plant and equipment   6,712
Finance Cost 1,087,485 270,000
Sundry balances written off during the year 5,571 61,385
Liabilities no longer required written back (425,853)  
Finance income   (8,524)
Change in operating assets and liabilities:    
Inventories
Trade receivable 85,358 (56,703)
Other receivable (16,970,571) (17,285,198)
Other financial assets  
Other assets (120,600) (87,595)
Trade payable 456,528 439,654
Other financial liabilities 227,670 (65,000)
Other current liabilities 2,705,196 2,787,012
Security Deposits   (25,120)
Cash flow used in operating activities after working capital changes (577,367) (24,037)
Income tax (paid)/refund, net   (1,456)
Net cash used in operating activities (577,367) (25,493)
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment and intangible assets (including intangible assets under development) (166,721) (93,776)
Sale of property, plant and equipment and intangible assets 12,458
Interest received   7,497
Placement of fixed deposits above there months   (13,482)
Purchase of shares of GHSI (70,000)
Net cash used in investing activities (166,721) (157,303)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from short term borrowings from directors 292,904 376,990
Proceeds from 7% secured promissory notes, net 880,000  
Repayment of short term borrowings - Directors Loans (304,500) (212,719)
Proceeds on issuance of shares   2,000
Interest, commission and other charge paid (88,000)  
Payment of deferred IPO costs (34,164)  
Net cash provided by financing activities 746,240 166,271
Net increase (decrease) in cash and cash equivalents 2,152 (16,525)
CASH AND CASH EQUIVALENTS – beginning of period 26,142 41,760
CASH AND CASH EQUIVALENTS – end of period 8,758 26,142
Adjustment for deconsolidation of subsidiary (refer note 24) (19,538)
Effects of exchange rate changes on cash and cash equivalents $ 2 $ 909