v3.25.1
Condensed Consolidated Balance Sheets (Unaudited) - USD ($)
Dec. 31, 2024
Mar. 31, 2024
Mar. 31, 2023
Current assets:      
Cash and cash equivalents (Refer Note 30- VIE) $ 4,397,373 $ 1,496,144 $ 3,686,741
Accounts receivable, net of allowance for doubtful accounts (Refer Note 30- VIE) 97,128 194,197 255,175
Balances with government authorities 472,097 427,702 3,962,822
Short term investments 298,495
Prepaid expenses (Refer Note 30- VIE) 184,868 1,445,336 909,828
Other current assets (Refer Note 30- VIE) 338,271 523,746 1,150,209
Assets held for sale 527,784 629,908 923,176
Total current assets 6,017,521 5,059,696 11,074,173
Property and equipment, net 1,147,427 1,558,980 2,728,523
Operating lease right-of-use assets 1,067,777 1,290,608 1,694,201
Intangible assets, net 7,458 18,393 33,412
Long term investments (Refer Note 30- VIE) 25,295 91,947 158,455
Balances with government authorities, (Refer Note 30- VIE) 3,940 18,126 248,321
Prepaid expenses (Refer Note 30- VIE) 274,331 326,109
Other non-current assets 1,001,612 808,739 425,669
Total assets 9,545,361 9,172,598 16,458,331
Current liabilities:      
Accounts payable (Refer Note 30- VIE) 20,639,479 14,279,152 6,547,978
Current maturities of long-term debt 2,973,192 5,049,483 1,415,861
Current portion of operating lease liabilities 312,491 365,542 466,669
Finance lease liabilities 4,015,692 5,738,239 1,257,423
Contract Liabilities (Refer Note 30- VIE) 689,018 716,091 786,572
Current portion of pension and other employee obligations (Refer Note 30- VIE) 146,976 183,655 146,006
Unsecured Convertible Note 7,017,543  
Derivative financial instruments 7,950,503  
Other current liabilities (Refer Note 30- VIE) 2,875,156 2,783,618 2,933,032
Total current liabilities 46,772,485 31,296,055 14,608,428
Long-term debt, less current portion   3,039,200
Operating lease liabilities, less current portion 847,700 1,009,681 1,284,755
Finance lease liabilities, less current portion 5,098,262
Pension and other employee obligations, less current portion (Refer Note 30- VIE) 347,930 491,449 438,808
Preferred stock warrant liability   1,190,691
Convertible promissory note   10,944,727
Senior Subordinated Convertible Promissory Notes   17,422,132
Unsecured Convertible Note 10,067,601
Derivative financial instrument   14,373,856
Total liabilities 47,968,115 42,864,786 68,400,859
Commitments and contingencies (Note 32)
Redeemable non controlling interest   25,114,751
Mezzanine equity:      
Preferred stock, $0.0001 par value (refer note 24)   168,974,437
Stockholders’ deficit:      
Common stock, Value 34 [1] 3 [1],[2],[3] [2],[3]
Additional paid-in capital 280,780,005 272,063,319 22,142,565
Accumulated deficit (321,357,119) (307,551,502) (270,002,280)
Accumulated other comprehensive income 2,154,326 1,795,992 1,827,999
Total stockholders’ deficit (38,422,754) (33,692,188) (246,031,716)
Total liabilities and stockholders’ deficit 9,545,361 9,172,598 16,458,331
Related parties      
Current assets:      
Short term investments with related parties   166,540
Other current assets with related parties 44,168 19,682
Long term investments with related parties   95,577
Current liabilities:      
Accounts payable towards related parties 152,435 152,435
Current portion of long-term debt from related parties   1,054,887
Unsecured promissory note to related parties $ 2,027,840
[1] Prior period numbers have been adjusted to reflect the First Reverse Stock Split and the Second Reverse Stock Split of the Common Stock at a ratio of 1-for-100 and 1-for-20 respectively. (Refer Note 3)
[2] As at March 31, 2023, the amount of Common stock presented as zero represents decimal value less than $1.
[3] Prior period numbers have been adjusted to reflect the First Reverse Stock Split and the Second Reverse Stock Split of the Common Stock at a ratio of 1-for-100 and 1- for-20 respectively. (Refer Note 4)