CASH

6 Months Ended

Sep. 30, 2024

Cash and Cash Equivalents [Abstract]

CASH

NOTE 3. CASH

Cash consisted of the following as of September 30, 2024 and March 31, 2024.

	September 30, 2024		March 31, 2024
	$’000		$’000
Cash and cash equivalents	$	725	$	7,910
Restricted cash		1,825		-
Total Cash	$	2,550	$	7,910

  

Restricted cash represents amounts pledged as collateral against the trade finance facility that is currently limited to the issuance of letters of credit to suppliers. As of September 30, 2024, we have $1,940 of outstanding letters of credit issued to suppliers (see Note 6).