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Consolidated Statements of Cash Flows - USD ($)
12 Months Ended
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES    
Profit/(loss)/ for the year $ 653,174 $ (1,635,837)
Adjustment to reconcile (loss)/profit to net cash used in operating activities:    
Deferred tax (benefit) / expense 28,241 135,640
Income tax expense 119,238 387,407
Amortization of intangible assets 926,484 696,224
Loss on deconsolidation of subsidiary (refer note 24) 1,000 192,776
Fair value gain on remeasurement of warrant liability (22,766)
Remeasurements of the net defined benefit plans 29,774 30,606
Expected credit loss on trade receivables 72,698 (120,544)
Finance Cost 638,957 2,210,404
Sundry balances written off during the year 11,268
Liabilities no longer required written back (1,635,651) (360,878)
Finance income (19,123)
Salary/Legal and professional fees (Shares issued) 158,821
Change in operating assets and liabilities:    
Inventories
Trade receivable (1,945,143) 381,946
Other receivable
Other financial assets 63,121 102,242
Other assets (564,469) (730,555)
Trade payable 2,578,248 132,056
Other financial liabilities (9,161) (566,378)
Other current liabilities 3,267 255,511
Security Deposits
Cash flow used in operating activities after working capital changes 1,129,867 1,068,731
Income tax (paid)/refund, net (243,833) 84,604
Net cash used in operating activities 886,034 1,153,335
CASH FLOWS FROM INVESTING ACTIVITIES    
Purchase of property, plant and equipment and intangible assets (including intangible assets under development) (1,936,320) (10,820,099)
Interest received 19,123
Advances for acquisition of network (1,715,361) (2,119,038)
Net cash used in investing activities (3,651,681) (12,920,014)
CASH FLOWS FROM FINANCING ACTIVITIES    
Proceeds from short term borrowings from directors - Net 937,807
Repayment of 7% secured promissory notes (1,000,000)
Proceeds from short term borrowings - Preferred Convertible Security 1,004,705
Proceeds from short term borrowings - Related party 31,214
Proceeds from long term borrowings - Bank 1,004,026
Repayment of short-term borrowings - Directors Loans 518,125
Proceeds on issuance of shares 12,509,169
Proceeds from financial institutions (net) (10,862) 10,449
Interest, commission and other charges paid (261,660) (382,341)
Net cash provided by financing activities 2,705,230 11,655,402
Net increase (decrease) in cash and cash equivalents (60,417) (111,277)
CASH AND CASH EQUIVALENTS – beginning of period 311,810 8,758
Acquired in Business Combination (refer note 23) 432,138
Adjustment for deconsolidation of subsidiary (refer note 24) (1,000) (7,608)
Effects of exchange rate changes on cash and cash equivalents (4,016) (10,201)
CASH AND CASH EQUIVALENTS – end of period 246,377 311,810
Non-cash transactions:    
Shares issued to the suppliers, directors and other for the services 162,695  
Share issued against repayment of:    
Senior convertible Notes 3,333,333 $ 3,333,333
Preferred convertible Security 1,004,000  
Transactions with Lytus Inc for the investments in Lytus Inc for CCD and Lytus Inc to Lytus India is squared off due to option agreement. $ 135,000