Property and Equipment, Net

9 Months Ended

12 Months Ended

Dec. 31, 2024

Mar. 31, 2024

Property and Equipment, Net [Abstract]

Property and equipment, net

11	Property and equipment, net

The components of property and equipment were as follows:

(In USD) As at		Estimated useful life		December 31, 2024				March 31, 2024

Devices		3 - 5 years		$	3,107,319			$	3,274,998
Computer equipments		2 - 7 years			550,939				603,864
Office equipments		3 - 10 years			229,025				245,545
Furniture and fixtures		10 years			1,718				7,398
Total, at cost					3,889,001				4,131,805
Less: Accumulated depreciation					(2,741,574	)			(2,572,825	)
				$	1,147,427			$	1,558,980

Right-of-use assets under finance leases:

Vehicles, at cost		$	4,009,932			$	4,117,406
Accumulated depreciation			(4,009,932	)			(4,117,406	)
		$	-			$	-

Total property and equipment, net		$	1,147,427			$	1,558,980

Depreciation expense for the three months and nine months ended December 31, 2024 was $89,552 and $302,715 respectively and for the three months and nine months ended December 31, 2023 was $244,051 and $754,658, respectively. Depreciation expense has been shown under cost of revenue amounting to $73,683 and $222,862 for the three months and nine months ended December 31, 2024 respectively ($205,260 and $624,630 respectively for three months and nine month ended December 31, 2023) and under General and administrative expenses amounting to $15,869 and $79,853 for the three months and nine months ended December 31, 2024 respectively ($38,791 and $130,028 respectively for three months and nine months ended December 31, 2023). Vehicles are pledged against debt from financial institutions.

11

Property and equipment, net

The components of property and equipment were as follows:

(In USD)

As at		Estimated useful life		March 31, 2024				March 31, 2023

Devices		3 - 5 years		$	3,274,998			$	3,402,749
Computer equipments		2 - 7 years			603,864				873,178
Office equipments		3 - 10 years			245,545				452,489
Furniture and fixtures		10 years			7,398				10,287
Total, at cost					4,131,805				4,738,703
Less: Accumulated depreciation					(2,572,825	)			(2,010,180	)
					1,558,980				2,728,523
Right-of-use assets under finance leases:

Vehicles, at cost				$	4,117,406			$	4,179,272
Accumulated depreciation					(4,117,406	)			(4,179,272	)
					-				-
Total property and equipment, net					1,558,980				2,728,523

Depreciation expense for the year ended March 31, 2024 and March 31, 2023 was $994,640 and $699,091 respectively. Depreciation expense has been shown under cost of revenue amounting to $828,111 and $337,010 for the year ended March 31, 2024 and March 31, 2023 respectively and under General and administrative expenses amounting to $166,529 and $362,081 for the year ended March 31, 2024 and March 31, 2023 respectively. Vehicles are pledged against debt from financial institutions. There is no change in useful life of the assets during the year.

As of March 31, 2024 and March 31, 2023, the Company believes no impairment exists because the long-lived asset’s future undiscounted net cash flows expected to be generated exceeds its carrying value; however, there can be no assurances that long-lived assets will not be impaired in future periods.