Employee Benefits Obligations (Tables)

12 Months Ended

Mar. 31, 2024

Employee Benefits Obligations [Abstract]

Schedule of Standalone Statement of Financial Position

The liabilities recognized in the standalone statement of financial position are:

	As at March 31, 2024	As at March 31, 2023
	( In USD)	( In USD)
Funded Plans
Net value of defined benefit obligations
Current	209	212
Non current	102,322	72,456

Schedule of Movement in Defined Benefit Obligations

The movement in defined benefit obligations for funded and unfunded plans is as follows:

Particluars	Defined benefit obligation		Fair value of plant assets
As at April 1, 2022	44,776		—
Included in profit and loss
Service cost	27,550
Past service credit
Interest cost (income)	3,057
	75,383		—
Included in OCI
Actuarial gain/(loss)	—
Remeasurements
Benefits paid
Gain and loss on settlement
Exchange difference	(2,715	)
Employer’s contribution
Benefits payment
As at March 31, 2023	72,668		—

Particluars	Defined benefit obligation	Fair value of plant assets
As at April 1, 2023	72,668	—
Included in profit and loss
Service cost	27,550
Past service credit
Interest cost (income)	3,057
	103,275	—

Included in OCI
Actuarial gain/(loss)	—
Remeasurements
Benefits paid
Gain and loss on settlement
Exchange difference	(744	)
Employer’s contribution
Benefits payment
As at March 31, 2023	102,531		—

Schedule of Plan Assets

Plan assets comprise the following.

Particulars	As at March 31, 2024	As at March 31, 2023
Debt instruments – unquoted
Cash and cash equivalents	—	—
Investment property	—	—
Fixed assets	—	—
Other assets	—	—
	—	—

Schedule of Actuarial Assumptions

The following were the principal actuarial assumptions at the reporting date (expressed as weighted averages).

Particulars	As at March 31, 2024		As at March 31, 2023
Discount rate	7.20	%	7.50	%
Attrition rate	5.00	%	5.00	%
Future salary growth rate	10.00	%	10.00	%

Schedule of Benefit Obligation

The current longevities underlying the values of the defined benefit obligation at the reporting date were as follows.

Particulars	As at March 31, 2024		As at March 31, 2023
Longetivity at age of 65 for current members aged above 45
Males	0.258	% – 2.406%	0.258	% – 2.406%
Females	0.258	% – 2.406%	0.258	% – 2.406%
Longetivity at age of 65 for current members aged above 45 or below
Males	0.092	% – 0.168%	0.092	% – 0.168%
Females	0.092	% – 0.168%	0.092	% – 0.168%

Schedule of Defined Benefit Obligation by the Amounts

Reasonably possible changes at the reporting date to one of the relevant actuarial assumptions, holding other assumptions constant, would have affected the defined benefit obligation by the amounts shown below.

Particulars	As at March 31, 2024		As at March 31, 2023
Discount rate (1% movement)	19,925		(18,925	)
Attrition rate (1% movement)	13,124		(12,324	)
Future salary growth rate (1% movement)	(13,784	)	(15,884	)