| Schedule of Short Term Investments |
The components of short term investments were as follows:
(In USD)
As at | |
December 31,
2024 | | |
March 31,
2024 | |
| | |
| | |
| |
| Certificate of deposits | |
$ | - | | |
$ | 298,495 | |
| Short term investments | |
$ | - | | |
$ | 298,495 | |
|
The
components of short term investments were as follows:
| As at | |
March
31,
2024 | | |
March
31,
2023 | |
| | |
| | |
| |
| Certificate
of deposits* | |
$ | 298,495 | | |
$ | - | |
| Short term investments | |
| 298,495 | | |
| - | |
| * | In April 2024, Lease Plan India Private Limited invoked the
bank guarantee provided as bank guarantee during the restructuring process, resulting in the adjustment of a certificate of deposit amounting
to $127,609. However, as of March 31, 2024, the event has considered probable and thus, certificate of deposits has been adjusted against
the outstanding liability of Lease Plan India Private Limited as of balance sheet date (Refer Note 12). |
The
components of short term investments were as follows:
| As at | |
March
31,
2024 | | |
March
31,
2023 | |
| Certificate
of deposits with related parties* | |
| - | | |
| 166,540 | |
| Short term investments | |
| - | | |
| 166,540 | |
| * | Mahindra & Mahindra Financial Services Limited was a
related party till December 28, 2023, hence the outstanding balance as on March 31, 2024 with the related party has been disclosed under
certificate of deposits in Note 8(a) above. |
|