Borrowings (Tables)

3 Months Ended

Jun. 30, 2024

Debt Instrument [Line Items]

Schedule of Long Term Borrowings

A.Long-term borrowings consist of the following:

	As of  June 30, 2024			As of March 31, 2024
Loans from banks (note a)		126,365			112,169
Secured debentures (note b)		2,212,644			2,214,754
Convertible debenture (note c)		1,252,554			1,374,481
Less: current portion of long-term borrowings		(2,225,255	)		(2,228,471	)
		1,366,308			1,472,933

Schedule of Loans from Banks

a)Loan from banks:

Particulars	Interest rate	Maturity date	Amount outstanding
Long-term borrowings from banks	8.75%	10-Aug-30		108,764
Long-term borrowings from banks	9.00%	1-May-29		17,601
				126,365

Schedule of Secured Debentures

b)Secured debentures:

Particulars	Interest rate			Maturity date	Amount outstanding
N1 Series Debentures		19.50	%	31-May-24		577,586
N2 Series Debenture		19.50	%	31-Jul-24		327,100
N3 Series Debentures		19.25	%	31-May-24		409,252
N4 Series Debentures		20.00	%	31-Jan-24		898,705
						2,212,644

Schedule of Assumptions Used In Calculating Estimated Fair Value Of Forward Purchase Agreement

Assumptions used in calculating estimated fair value of the Forward Purchase Agreement as of June 30, 2024 are as follows:

Volatility		59.30	%
Risk-free rate		4.14	%
Dividend yield		0.00	%
Strike price		10.77
Remaining term (years)	0.75 year

Schedule of Maturities of Long-term Borrowings Excluding Convertible Notes

d. As of June 30 2024, the aggregate maturities of long-term borrowings are as follows:

Period ending March 31, 2025	2,225,255
Period ending March 31, 2026	18,106
Period ending March 31, 2027	19,776
Period ending March 31, 2027 onwards	75,872
	2,339,009

Schedule of Short Term Borrowings

B.Short-term borrowings

	As of  June 30, 2024		As of March 31, 2024
Loans from banks (note a)		829,920		781,455
Loans from related parties		1,114,878		1,096,109
Loans from others (note b)		15,011,893		13,877,265
		16,956,691		15,754,829

Summary of Loans from Banks and Others

a)Loans from banks and others

Particulars	Weighted average borrowing rate
Short-term borrowings from banks and others		14.00	%

Summary of Estimated Fair Value of Working Capital Loan

Fair Value of the Warrants:

Closing price	$	0.05
Open price	$	0.05
High	$	0.05
Low	$	0.05

Warrants Entitlement

Debt Instrument [Line Items]

Schedule of Assumptions Used In Calculating Estimated Fair Value Of Forward Purchase Agreement

The assumptions used in calculating estimated fair value of warrants due as of June 30, 2024 are as follows:

Risk free rate		4.33	%
Volatility		150.25	%
Annual Interest rate		13	%
Conversion Price	$10