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Consolidated Statements of Changes in Equity - USD ($)
Share capital
Previously Reported
Share capital
Adjustments for modification of Reachnet Agreement
Share capital
Translation of foreign subsidiaries
Previously Reported
Translation of foreign subsidiaries
Adjustments for modification of Reachnet Agreement
Translation of foreign subsidiaries
Promissory Note – Equity Classification
Previously Reported
Promissory Note – Equity Classification
Adjustments for modification of Reachnet Agreement
Promissory Note – Equity Classification
Retained earnings
Previously Reported
Retained earnings
Adjustments for modification of Reachnet Agreement
Retained earnings
Securities Premium reserve
Previously Reported
Securities Premium reserve
Adjustments for modification of Reachnet Agreement
Securities Premium reserve
Employee benefits reclassification
Previously Reported
Employee benefits reclassification
Adjustments for modification of Reachnet Agreement
Employee benefits reclassification
ESOP Trust
Previously Reported
ESOP Trust
Adjustments for modification of Reachnet Agreement
ESOP Trust
Total
Previously Reported
Total
Adjustments for modification of Reachnet Agreement
Total
Non- controlling interest
Previously Reported
Non- controlling interest
Adjustments for modification of Reachnet Agreement
Non- controlling interest
Previously Reported
Adjustments for modification of Reachnet Agreement
Total
Balance at Mar. 31, 2022 $ 341,541   $ 341,541 $ (283,077)   $ (283,077)   $ 12,148,402   $ (2,170,851)             $ 12,206,866   $ (2,112,387) $ 1,908   $ 1,908 $ 12,208,774   $ (2,110,480)
Balance (in Shares) at Mar. 31, 2022 569,235   569,235                                                      
Derecognition on disposal of a subsidiary – GHSI                                     (1,908)     (1,908)
Issue of shares     $ 30,010                       14,224,240                 14,254,250           14,254,250
Issue of shares (in Shares)     50,016                                                      
Share warrants exercised     $ 4,215                 71,108             75,323         75,323
Share warrants exercised (in Shares)     7,025                                                      
Cost of IPO                     (1,820,404)             (1,820,404)         (1,820,404)
Cost of IPO (in Shares)                                                          
Profit/(loss) for the year                 (2,348,103)                 (2,348,103)     712,266     (1,635,837)
Acquired in the business combination                                     1,768,961     1,768,961
Other comprehensive income for the year         158,085                 (714)         (157,371)     57,251     214,622
Balance at Mar. 31, 2023     $ 375,766     (124,992)         (4,518,954)     12,474,944     (714)         8,206,050     2,538,478     10,744,528
Balance (in Shares) at Mar. 31, 2023     626,276                                                      
Conversion of Promissory Note into Equity (Subsequent Event)                                                            
Adjustments for modification of Reachnet Agreement               $ (14,319,254)                 $ (14,319,254)         $ (14,319,254)  
Balance at Mar. 31, 2023     $ 375,766     (124,992)         (4,518,954)     12,474,944     (714)         8,206,050     2,538,478     10,744,528
Balance (in Shares) at Mar. 31, 2023     626,276                                                      
Profit/(loss) for the year                 287,669                 287,669     365,505     653,174
Other comprehensive income for the year         (29,165)                 (489)         (29,654)     111,048     81,394
Issue of shares DTC                                        
Issue of shares DTC (in Shares)     46,040                                                      
Issue of ESOP Trust                 (5,720,000)             5,720,000            
Issue of ESOP Trust (in Shares)     666,652                                                      
Conversion of Promissory Note into Equity (Subsequent Event)                                                            
Issue of shares common stock – Lenders     $ 158,809                 4,178,524             4,337,333         4,337,333
Issue of shares common stock – Lenders (in Shares)     481,187                                                      
Issue of shares common stock – others     $ 1,421                 50,874             52,295         52,295
Issue of shares common stock – others (in Shares)     2,369                                                      
Issue of shares common stock – Directors     $ 3,000                 107,400             110,400         110,400
Issue of shares common stock – Directors (in Shares)     5,000                                                      
Balance at Mar. 31, 2024 $ 538,996   $ 538,996 (154,156)   (154,156)   (9,951,285)   (9,951,285) 16,811,742   16,811,742 (1,203)   (1,203) 5,720,000   5,720,000 12,964,094     3,015,031   3,015,031 15,979,125   15,979,125
Balance (in Shares) at Mar. 31, 2024 1,827,524   732                                                      
Share warrants exercised                                            
Cost of IPO                                          
Profit/(loss) for the year                 586,309                       62,663     648,972
Issuance of Promissory Note (Net)             7,548,709                               7,548,709
Conversion of Promissory note into Equity     $ 28,546         (2,297,500)         2,268,954                      
Conversion of Promissory note into Equity (in Shares)     1,142                                                      
Acquired in the business combination                                            
Other comprehensive income for the year         (8,209)                 45               15,082     6,919
Conversion of Promissory Note into Equity (Subsequent Event)                                                            
Issue of shares common stock – others                                          
Issue of shares common stock – others (in Shares)     214                                                      
Balance at Sep. 30, 2024     $ 567,542     (162,365)     5,251,209     (9,364,976)     19,080,696     (1,158)     5,720,000           3,092,776     24,183,724
Balance (in Shares) at Sep. 30, 2024     2,088                                                      
Balance at Mar. 31, 2024 $ 538,996   $ 538,996 (154,156)   (154,156)   (9,951,285)   (9,951,285) 16,811,742   16,811,742 (1,203)   (1,203) 5,720,000   5,720,000 12,964,094     3,015,031   3,015,031 15,979,125   15,979,125
Balance (in Shares) at Mar. 31, 2024 1,827,524   732                                                      
Profit/(loss) for the year                 694,584                 694,584     134,828     829,412
Issuance of Promissory Note (Net)             7,548,709                     7,548,709         7,548,709
Reversal of ESOP Trust Reserve [1]                 5,720,000             (5,720,000)            
Conversion of Promissory note into Equity     $ 513,856         (5,917,724)         5,403,868                    
Conversion of Promissory note into Equity (in Shares)     51,385,558                                                      
Cancellation of Unvested shares [2]                                        
Cancellation of Unvested shares (in Shares) [2]     300,000                                                      
Other comprehensive income for the year         (37,617)                 3,061         (34,555)     41,978     7,423
Issue of ESOP Trust                                          
Issue of ESOP Trust (in Shares)     115,000,000                                                      
Conversion of Promissory Note into Equity (Subsequent Event)                                                            
Issue of shares common stock – others     $ 114,844                 739,374             $ 854,218         854,218
Issue of shares common stock – others (in Shares)     11,484,409                                                      
Balance at Mar. 31, 2025 $ 1,167,696   $ 1,167,696 (191,773)   (191,773) 1,630,984   1,630,984 (3,536,701)   (3,536,701) 22,954,985   22,954,985 1,858   1,858   22,027,050     3,191,837   3,191,837 25,218,887   25,218,886
Balance (in Shares) at Mar. 31, 2025 179,997,491   71,999                                                      
Balance at Sep. 30, 2024     $ 567,542     (162,365)     5,251,209     (9,364,976)     19,080,696     (1,158)     5,720,000           3,092,776     24,183,724
Balance (in Shares) at Sep. 30, 2024     2,088                                                      
Profit/(loss) for the year                 108,275                       72,165     180,440
Reversal of ESOP Trust Reserve [1]                 5,720,000             (5,720,000)              
Conversion of Promissory note into Equity     $ 485,310         (3,620,225)         3,134,914                      
Conversion of Promissory note into Equity (in Shares)     20,554                                                      
Cancellation of Unvested shares [2]                                            
Cancellation of Unvested shares (in Shares) [2]     120                                                      
Other comprehensive income for the year         (29,408)                 3,016               26,896     504
Issue of ESOP Trust                                            
Issue of ESOP Trust (in Shares)     46,000                                                      
Conversion of Promissory Note into Equity (Subsequent Event)                                                            
Issue of shares common stock – others     $ 114,844                 739,374                       754,218
Issue of shares common stock – others (in Shares)     4,594                                                      
Balance at Mar. 31, 2025 $ 1,167,696   $ 1,167,696 $ (191,773)   (191,773) $ 1,630,984   1,630,984 $ (3,536,701)   (3,536,701) $ 22,954,985   22,954,985 $ 1,858   1,858   $ 22,027,050     $ 3,191,837   3,191,837 $ 25,218,887   25,218,886
Balance (in Shares) at Mar. 31, 2025 179,997,491   71,999                                                      
Issue of shares     $ 290,000                       100,000                             390,000
Issue of shares (in Shares)     386,000                                                      
Profit/(loss) for the year                                                           340,028
Other comprehensive income for the year           (67,891)                     1,494                 157,396     90,999
Issue of shares DTC (in Shares)     77                                                      
Issue of ESOP Trust (in Shares)     1,520,000                                                      
Conversion of Promissory Note into Equity (Subsequent Event)                                                            
Profit/(loss) for the year                       278,641                                   278,641
Balance at Sep. 30, 2025     $ 1,457,696     $ (259,664)     $ 1,630,984     $ (3,258,060)     $ 23,054,985     $ 3,352                 $ 3,349,233     $ 25,978,526
Balance (in Shares) at Sep. 30, 2025     1,978,076                                                      
[1] In the years ended March 31, 2025 and March 31, 2024, the Company issued restricted shares to the Lytus Trust, an entity controlled by the company’s chief executive officer, for future allocation to employees by management and created an ESOP reserve by adjusting retained earnings. As per IFRS 2, share-based payment expense is to be recognized in profit or loss only when the shares are allotted or vested to employees. Since no shares were allotted, the Company has reversed the ESOP reserve in the current year. The shares held by the trust are treated as restricted shares and excluded from EPS as per IAS 33. This has no impact on profit or loss as well as on equity for the current or previous period.
[2] During the year ended March 31, 2025, the Company issued 300,000 common shares to employees of its subsidiaries. Subsequently, due to a breach of the underlying agreement, these shares were cancelled during the current reporting period.