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Condensed Consolidated Statements of Cash Flows - USD ($)
 6 Months Ended 12 Months Ended
Sep. 30, 2024
Sep. 30, 2023
Mar. 31, 2024
Mar. 31, 2023
CASH FLOWS FROM OPERATING ACTIVITIES        
Loss before taxation $ (1,161,471) $ 872,075 $ (4,862,470) $ (9,257,598)
Adjustments for:        
Amortization – right-of-use assets 63,036 33,672 99,580
Depreciation – plant and equipment 3,696 3,696 1,007
Impairment losses (reversed) recognized in respect of trade receivables 10,018 10,840 (400) 5,032
Write-off of due from a related company [1]     81,347
Bad debt written off     21,522 14,752
Finance costs 243,537 279,516 552,651 220,460
Share option awards 320,533 1,232,071 1,352,835 587,821
Share-based payments expenses on anti-dilution issuance of preferred shares [2] 369,648    
Net fair value loss of convertible loan notes 274,000 [3] 126,000 [3] 374,000 [4] 19,000 [4]
Net fair value (gain) loss of preferred shares (3,539,648) [5] (5,044,000) [5] (4,101,000) [6] 1,841,000 [6]
Operating cash flows before movements in working capital (3,420,347) (2,486,130) (6,478,239) (6,568,526)
Trade receivables 87,552 137,489 86,332 (43,726)
Other receivables, deposit, and prepayment (210,466) (90,946) (210,936) 132,684
Contract assets (18,028) (47,196) (42,365) 42,158
Due from a related company (3,560) (39,815) (41,532)
Trade and other payables 589,091 682,003 841,155 (131,331)
Deferred revenue 51,885 (160,351) (12,840) 18,955
Net cash used in operating activities (2,920,313) (1,968,691) (5,856,708) (6,591,318)
CASH FLOWS FROM FINANCING ACTIVITIES        
Proceeds from issuance of ordinary shares 50    
Proceeds from issuance of convertible loan notes 100,000 100,000 3,250,000
Advances from immediate holding company 713,719 200,000 5,345,423 600,000
Loans from immediate holding company 2,335,461 564,483 564,483 2,250,000
Loan from a related company     1,000,000
Repayment of lease liabilities (104,715) (37,065) (109,754)
Repayment of loans from immediate holding company (1,150,000) (600,000)
Net cash generated from financing activities 2,944,515 827,418 4,750,152 6,500,000
NET DECREASE IN CASH AND CASH EQUIVALENTS 24,202 (1,141,273) (1,106,556) (91,318)
Cash and cash equivalents at the beginning of the year 76,620 1,183,176 1,183,176 1,274,494
CASH AND CASH EQUIVALENTS AT END OF YEAR $ 100,822 $ 41,903 $ 76,620 $ 1,183,176
[1] During the year ended 31 March 2024, the Group has fully written off the amount due from a related company, Diginex (Holdings) Limited, a company controlled by Rhino Ventures, of $81,347 (2023: $Nil).
[2] In May 2024, the Group completed an $8.0 million capital raise, which triggered an anti-dilution clause in the Articles of Association and resulted in 151 Series A Preferred Shares of DSL being issued to HBM IV, Inc. with $Nil consideration. In connection with the issuance, share-based payments expenses of $369,648 are recognized during the period (30 September 2023: $Nil).
[3] The Group has issued 8% convertible loan notes. At 30 September 2024, there were $4,350,000 notes outstanding (30 September 2023: $3,350,000). The notes were fair valued at the end of each reporting period, resulting in a loss of $274,000 during the period ended 30 September 2024 (30 September 2023: loss of $126,000).
[4] During the year ended 31 March 2024 and 2023, the Group issued 8% convertible loan notes. At 31 March 2024, there were outstanding notes with aggregate face values of $3,350,000 (2023: $3,250,000). The notes were fair valued at the end of each reporting period, resulting in a loss of $374,000 for the year ended 31 March 2024 (2023: loss of $19,000).
[5] The preferred shares were fair valued, using an equity allocation model at the end of each reporting period, which resulted in a gain of $3,539,648 for the period ended 30 September 2024 (30 September 2023: a gain of $5,044,000).
[6] The preferred shares were fair valued, using an equity allocation model at the end of each reporting period, which resulted in a gain of $4,101,000 for the year ended 31 March 2024 (2023: loss of $1,841,000).