FINANCIAL RISK MANAGEMENT (Tables)

6 Months Ended

12 Months Ended

Sep. 30, 2024

Mar. 31, 2024

IfrsStatementLineItems [Line Items]

SCHEDULE OF MATURITIES OF FINANCIAL LIABILITIES ON CONTRACTUAL UNDISCOUNTED CASH FLOWS

The table below analyses the Group’s financial liabilities into relevant maturity groupings based on the remaining period at the end of each financial reporting period to the contractual maturity dates. The amounts disclosed in the table are the contractual undiscounted cash flows.

	Within 1 year		1-5 years		Total
	USD		USD		USD
At 30 September 2024
Accounts payable		898,627		-		898,627
Other payables and accruals		1,072,227		-		1,072,227
Tax payables		8,917		-		8,917
Deferred revenue		374,711		-		374,711
Amount due to related companies		34,579		-		34,579
Loans from immediate holding company		2,383,673		-		2,383,673
Lease liabilities		122,076		148,232		270,308
Preferred shares		-		6,189,000		6,189,000
Convertible loan notes		5,681,066		-		5,681,066
		10,575,876		6,337,232		16,913,108
At 31 March 2024
Accounts payable		788,798		-		788,798
Other payables and accruals		596,870		-		596,870
Tax payables		8,917				8,917
Deferred revenue		322,826		-		322,826
Amount due to related companies		34,579				34,579
Amount due to immediate holding company		5,345,929		-		5,345,929
Loans from immediate holding company		1,930,993		-		1,930,993
Loan from a related company		1,140,931		-		1,140,931
Lease liabilities		122,076		243,280		365,356
Preferred shares		-		9,359,000		9,359,000
Convertible loan notes		3,975,534		114,808		4,090,342
		14,267,453		9,717,088		23,984,541

The table below analyses the Group’s financial liabilities into relevant maturity groupings based on the remaining period at the end of each financial reporting period to the contractual maturity dates. The amounts disclosed in the table are the contractual undiscounted cash flows.

	Within 1 year		1-5 years		Total
	USD		USD		USD
At 31 March 2024
Accounts payable		788,798		-		788,798
Other payables and accruals		596,870		-		596,870
Tax payables		8,917		-		8,917
Deferred revenue		322,826		-		322,826
Due to a related company		34,579		-		34,579
Due to immediate holding company		5,345,929		-		5,345,929
Loan from immediate holding company		1,930,993		-		1,930,993
Loan from a related company		1,140,931		-		1,140,931
Lease liabilities		122,076		243,280		365,356
Preferred shares		-		9,359,000		9,359,000
Convertible loan notes		3,975,534		114,808		4,090,342
		14,267,453		9,717,088		23,984,541
At 31 March 2023
Accounts payable		187,584		-		187,584
Other payables and accruals		349,197		-		349,197
Deferred revenue		335,666		-		335,666
Amount due to immediate holding company		506		-		506
Loan from immediate holding company		2,328,926		-		2,328,926
Loan from a related company		-		1,060,712		1,060,712
Preferred shares		-		13,460,000		13,460,000
Convertible loan notes		-		3,349,822		3,349,822
		3,201,879		17,870,534		21,072,413

SCHEDULE OF RECONCILIATION OF LEVEL 3 FAIR VALUE MEASUREMENTS

	At 30 September 2024			At 31 March 2024
	USD			USD
At the beginning of the reporting period		13,102,000			16,729,000
Additions		1,369,648			100,000
Fair value adjustments		(3,265,648	)		(3,727,000	)
At the end of the reporting period		11,206,000			13,102,000

	At 31 March 2024			At 31 March 2023
	USD			USD
At 1 April		16,729,000			11,619,000
Additions		100,000			3,250,000
Fair value adjustments		(3,727,000	)		1,860,000
At 31 March		13,102,000			16,729,000

SCHEDULE OF FINANCIAL ASSETS AND FINANCIAL LIABILITIES MEASURED AT AMORTIZED COST

The financial assets and financial liabilities in the table below are measured at amortized cost. Management believes the carrying amounts of these financial assets and liabilities measured at amortized cost approximate their fair values.

	At 30 September 2024		At 31 March 2024
	USD		USD
Financial assets
Trade receivables		84,764		182,334
Other receivables		381,256		184,018
Contract assets		87,382		69,354
Cash and cash equivalents		100,822		76,620
		654,224		512,326
Financial liabilities
Trade payables		898,627		788,798
Other payables		11,609		11,057
Tax payables		8,917		8,917
Amount due to related companies		34,579		34,579
Amount due to immediate holding company		-		5,345,929
Loans from immediate holding company		2,383,673		1,930,993
Loan from a related company		-		1,140,931
Lease liabilities		270,308		365,356
		3,607,713		9,626,560

The financial assets and financial liabilities in the table below are measured at amortized cost. Management believes the carrying amounts of these financial assets and liabilities measured at amortized cost approximate their fair values.

	At 31 March 2024		At 31 March 2023
	USD		USD
Financial assets
Trade receivables		182,334		289,788
Other receivables		184,018		142
Contract assets		69,354		26,989
Due from a related company		-		41,532
Cash and cash equivalents		76,620		1,183,176
		512,326		1,541,627
Financial liabilities
Trade payables		788,798		187,584
Other payables		11,057		5,081
Tax payables		8,917		-
Due to related companies		34,579		-
Due to immediate holding company		5,345,929		506
Loan from a related company		1,930,993		2,328,926
Loans from immediate holding company		1,140,931		1,060,713
Lease liabilities		365,356		-
		9,626,560		3,582,809

Valuation techniques [member]

IfrsStatementLineItems [Line Items]

SCHEDULE OF VALUATION TECHNIQUES

Financial instruments	Amount as at 30 September 2024		Amount as at 31 March 2024		Valuation techniques and key inputs
Preferred shares (Note 1)	$	6,189,000	$	9,359,000	The Discounted Cash Flows (“DCF”) method was used to determine the total equity value of the Group by capturing the present value of the expected cash flows. Equity allocation model was then used to allocate the total equity value of the Group to different classes of shares of the Company.
Convertible loan notes (Note 2)	$	5,017,000	$	3,743,000	Binomial Option Pricing Model

Notes:

1. An increase in the revenue growth rate used in isolation would result in an increase in the fair value measurement of the preferred shares, and vice versa, while a slight increase in the discount rate used in isolation would result in a decrease in the fair value measurement of the preferred shares, and vice versa. A 1% (31 March 2024: 1%) increase in the discount rate holding all other variables constant would decrease the carry amount of the preferred shares by $0.4 million (31 March 2024: $0.9 million) while a 1% (31 March 2024: 1%) decrease in the discount rate holding all other variables constant would increase the carry amount of the preferred shares by $0.5 million (31 March 2024: $1.1 million). A 1% (31 March 2024: 1%) increase in the revenue growth rate holding all other variables constant would increase the carry amount of the preferred shares by $0.3 million (31 March 2024: $0.6 million) while a 1% (31 March 2024: 1%) decrease in the revenue growth rate holding all other variables constant would decrease the carry amount of the preferred shares by $0.3 million (31 March 2024: $0.6 million).

2. A 1% increase in the discount rate used in isolation would result in a minimal decrease in the fair value measurement of the convertible loan notes, and vice versa.

Financial instruments	Amount as at 31 March 2024		Amount as at 31 March 2023		Valuation techniques and key inputs
Preferred shares (Note 1)	$	9,359,000	$	13,460,000	The Discounted Cash Flows (“DCF”) method was used to determine the total equity value of the Group by capturing the present value of the expected cash flows.   Equity allocation model was then used to allocate the total equity value of the Group to different classes of shares of the Company.
Convertible loan notes (Note 2)	$	3,743,000	$	3,269,000	Binomial Option Pricing Model

Notes:

1. An increase in the revenue growth rate used in isolation would result in an increase in the fair value measurement of the preferred shares, and vice versa, while a slight increase in the discount rate used in isolation would result in a decrease in the fair value measurement of the preferred shares, and vice versa. A 1% (2023: 1%) increase in the discount rate holding all other variables constant would decrease the carry amount of the preferred shares by $0.9 million (2023: $1.4 million) while a 1% (2023: 1%) decrease in the discount rate holding all other variables constant would increase the carry amount of the preferred shares by $1.1 million (2023: $1.6 million). A 1% (2023: 1%) increase in the revenue growth rate holding all other variables constant would increase the carry amount of the preferred shares by $0.6 million (2023: $1.1 million) while a 1% (2023: 1%) decrease in the discount rate holding all other variables constant would decrease the carry amount of the preferred shares by $0.6 million (2023: $1.1 million).

2. A 1% increase in the discount rate used in isolation would result in a minimal decrease in the fair value measurement of the convertible loan notes, and vice versa.

Recurring fair value measurement [member]

IfrsStatementLineItems [Line Items]

SCHEDULE OF VALUATION TECHNIQUES

Fair value measurements using level 3	At 30 September 2024		At 31 March 2024
	USD		USD
Recurring fair value
Preferred shares		6,189,000		9,359,000
Convertible loan notes		5,017,000		3,743,000
		11,206,000		13,102,000

Fair value measurements using level 3	At 31 March 2024		At 31 March 2023
	USD		USD
Recurring fair value
Preferred shares		9,359,000		13,460,000
Convertible loan notes		3,743,000		3,269,000