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Equity
6 Months Ended
Sep. 30, 2024
Equity [Abstract]  
EQUITY

NOTE 16 — EQUITY

 

Common shares: 

 

The total number of shares of common shares issued:  For the
6 months
ended
September 30,
2024
   As of
March 31,
2024
 
   (US$)   (US$) 
Common shares   313,070,280    93,679,260 
Common shares after reverse splits (refer to Note 24)   5,217,838    1,827,524 

 

Movements in Common Shares:

 

   Shares   Amount 
       (US$) 
Balance as of March 31, 2022   34,154,062   $341,541 
Shares issued   3,422,387    34,225 
Balance as of March 31, 2023   37,576,449   $375,766 
Additional issue of shares   4,092,105    40,922 
Balance as of September 30, 2023   41,668,554    416,688 
Additional issue of shares   12,010,706    120,107 
    53,679,260    536,795 
Additional stock issued for employee incentive plan   40,000,000    
-
 
Total issued common shares (Before reverse stock split)   93,679,260    536,795 
Total issued common shares (After reverse stock split)   1,607,349    536,794 
Additional issue of common shares, after reverse stock split   220,175    2,202 
Balance as of March 31, 2024   1,827,524    538,996 
Additional issue of shares   535,714    
-
 
    2,363,238    538,996 
Conversion of Promissory Note into Equity (Subsequent Event)   2,854,600    28,546 
Balance as of September 30, 2024   5,217,838    567,542 

 

Movements in Common Shares (post reverse split):

 

   Shares   Amount 
       (US$) 
Balance as of March 31, 2022   569,235   $341,541 
Shares issued   57,040    34,225 
Balance as of March 31, 2023   626,275   $375,766 
Additional issue of shares   68,202    40,922 
Balance as of September 30, 2023   694,477    416,688 
Additional issue of common shares, after reverse stock split   220,175    2,202 
    894,654    536,795 
Additional stock issued for employee incentive plan   666,667    
-
 
    1,561,321    536,795 
Additional issue of common shares, after reverse stock split   220,175    2,202 
Balance as of March 31, 2024   1,827,524    538,996 
Additional issue of shares   535,714      
    2,363,238    538,996 
Conversion of Promissory Note into Equity (Subsequent Event)   2,854,600    28,546 
Balance as of September 30, 2024   5,217,838    567,542 

 

Mr. Dharmesh Pandya, the then sole shareholder of the Company, has subscribed to these shares and held 55,008,829 (pre reverse split) common shares of the Company.