Revenue from Contract with Customers

12 Months Ended

Mar. 31, 2024

Revenue from Contract with Customers [Abstract]

REVENUE FROM CONTRACT WITH CUSTOMERS

NOTE 3 — REVENUE FROM CONTRACT WITH CUSTOMERS

Revenue from contract with customers consist of the following for the year ended March 31, 2024 and for the year ended March 31, 2023:

Disaggregated revenue information	For the year ended March 31, 2024		For the year ended March 31, 2023
	(US$)		(US$)
Types of services:
Subscription Income	$	14,955,197	$	13,930,887
Carriage/placement fees		5,410,248		3,406,204
Advertisement Income		556,582		1,413,553
Device activation fees		151,960		257,540
Fiber use revenue		289,788		—
Total revenue from customers	$	21,363,775	$	19,008,184
Timing of revenue recognition
Product transferred at point in time		—		—
Services transferred over time	$	21,363,775	$	19,008,184
Total	$	21,363,775	$	19,008,184

Contract balances:

The following table provides information about receivables, contract assets and contract liabilities from contracts with customers.:

	As of March 31, 2024		As of March 31, 2023
	(US$)		(US$)
Receivables, which are included in ‘trade receivables, net	$	3,682,302	$	1,831,724

Performance obligations:

Revenue is measured based on the consideration specified in a contract with a customer. The Company recognizes revenue when it transfers control over a good or service to a customer.

The Company has modified its earlier arrangement with its erstwhile partner and has simultaneously acquired controlling stake in Sri Sai, vide the modification agreement and the share purchase agreement. The modification effective date is April 1, 2022, and the acquisition effective date is also April 1, 2022. Refer to Note 22 for details on the modification. In pursuant with the modification agreement, the Company has acquired Sri Sai, an active MSO licensed company performing obligations as provided in the customer contracts and providing distinct telecast/streaming services to its subscribers.

For the year ended March 31, 2024, and March 31, 2023, the revenue from operational activity is recorded as Revenue from Contract with Customers, as per the IFRS 15. The five steps mentioned in the IFRS 15 is met and satisfied by its business operation of providing streaming cable services to its subscriber base (five steps in IFRS are as under: (i) identify the contract with a customer, (ii) identify the performance obligations in the contract, (iii) determine the transaction price, (iv) allocate the transaction price to the performance obligations in the contract and (v) recognize revenue when the entity satisfies a performance obligation).