| Summary of Recognized Deferred Tax Assets and Liabilities |
Deferred tax assets and liabilities are attributable to the following:
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As at March 31 |
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2024 |
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2025 |
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|
2024 |
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|
2025 |
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|
2024 |
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|
2025 |
|
Particulars |
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Assets |
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Liabilities |
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|
Net |
|
Property, plant and equipment |
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|
1,249 |
|
|
|
1,406 |
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|
(3,062 |
) |
|
|
(2,701 |
) |
|
|
(1,813 |
) |
|
|
(1,295 |
) |
Intangible assets, excluding goodwill |
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|
— |
|
|
|
— |
|
|
|
(7,239 |
) |
|
|
(4,406 |
) |
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|
(7,239 |
) |
|
|
(4,406 |
) |
Trade and other receivables |
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|
870 |
|
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|
974 |
|
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|
— |
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|
— |
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|
870 |
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|
974 |
|
Other current assets |
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3,037 |
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|
2,965 |
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— |
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— |
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3,037 |
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|
2,965 |
|
Convertible notes |
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— |
|
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— |
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(4,314 |
) |
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(2,367 |
) |
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(4,314 |
) |
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(2,367 |
) |
Employee benefits |
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|
2,704 |
|
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|
3,428 |
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— |
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— |
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|
2,704 |
|
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|
3,428 |
|
Other current liabilities |
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|
1,949 |
|
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|
1,666 |
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|
|
— |
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|
|
— |
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|
|
1,949 |
|
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|
1,666 |
|
Lease liabilities |
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|
3,767 |
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|
3,465 |
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|
— |
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— |
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|
3,767 |
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|
3,465 |
|
Trade and other payables |
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|
1,825 |
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|
859 |
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— |
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— |
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|
1,825 |
|
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|
859 |
|
Contract liabilities |
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|
240 |
|
|
|
513 |
|
|
|
— |
|
|
|
— |
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|
240 |
|
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|
513 |
|
Share based payments |
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|
23,627 |
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24,534 |
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— |
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— |
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|
23,627 |
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|
24,534 |
|
Tax loss carry forwards |
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|
99,953 |
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|
73,626 |
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— |
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— |
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99,953 |
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|
73,626 |
|
Others |
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— |
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— |
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(43 |
) |
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(57 |
) |
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(43 |
) |
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|
(57 |
) |
Deferred tax assets/
(liabilities) before set off |
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139,221 |
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|
113,436 |
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(14,658 |
) |
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(9,531 |
) |
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124,563 |
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|
103,905 |
|
Set off |
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(9,904 |
) |
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(7,005 |
) |
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|
9,904 |
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|
7,005 |
|
|
|
— |
|
|
|
— |
|
Net deferred tax
assets/(liabilities) |
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|
129,317 |
|
|
|
106,431 |
|
|
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(4,754 |
) |
|
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(2,526 |
) |
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|
124,563 |
|
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|
103,905 |
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| Summary of Movement in Deferred Tax Assets/(Liabilities) |
Movement in recognised deferred tax assets/(liabilities) during the year
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Particulars |
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Balance
as at
April 1,
2023 |
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Acquired in business combinations |
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Recognised
in profit or
loss |
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Recognised in
other
comprehensive
income |
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Effects of
movement
in foreign
exchange
rates |
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Balance
as at
March 31,
2024 |
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Property, plant and equipment |
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(3,381 |
) |
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|
— |
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|
1,556 |
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— |
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|
12 |
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(1,813 |
) |
Intangible assets, excluding goodwill |
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(11,315 |
) |
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|
(189 |
) |
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|
4,307 |
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— |
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|
(42 |
) |
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|
(7,239 |
) |
Trade and other receivables |
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|
43 |
|
|
|
— |
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|
876 |
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|
— |
|
|
|
(49 |
) |
|
|
870 |
|
Other current assets |
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|
— |
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|
— |
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|
3,015 |
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|
— |
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|
22 |
|
|
|
3,037 |
|
Convertible notes |
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(2,082 |
) |
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|
— |
|
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|
(2,232 |
) |
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— |
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|
— |
|
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|
(4,314 |
) |
Employee benefits |
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|
86 |
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|
— |
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|
2,399 |
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|
248 |
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|
(29 |
) |
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|
2,704 |
|
Other non-current liabilities |
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|
10 |
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|
— |
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(10 |
) |
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— |
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|
— |
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|
— |
|
Other current liabilities |
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— |
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|
— |
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|
1,924 |
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|
— |
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|
25 |
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|
1,949 |
|
Lease liabilities |
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|
3,467 |
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|
— |
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|
325 |
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|
— |
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|
(25 |
) |
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|
3,767 |
|
Trade and other payables |
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|
— |
|
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|
— |
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|
1,831 |
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|
— |
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|
(6 |
) |
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|
1,825 |
|
Contract liabilities |
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|
— |
|
|
|
— |
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|
241 |
|
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|
— |
|
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|
(1 |
) |
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|
240 |
|
Share based payments |
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|
— |
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|
— |
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|
23,786 |
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|
— |
|
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|
(159 |
) |
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|
23,627 |
|
Tax losses carry forwards |
|
|
12,350 |
|
|
|
— |
|
|
|
88,179 |
|
|
|
— |
|
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|
(576 |
) |
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|
99,953 |
|
Others |
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|
— |
|
|
|
— |
|
|
|
(48 |
) |
|
|
— |
|
|
|
5 |
|
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|
(43 |
) |
Total |
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|
(822 |
) |
|
|
(189 |
) |
|
|
126,149 |
|
|
|
248 |
|
|
|
(823 |
) |
|
|
124,563 |
|
Movement in recognised deferred tax assets/(liabilities) during the year
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|
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|
|
|
|
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|
|
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|
|
|
|
|
|
|
|
|
|
|
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|
Particulars |
|
Balance as at April 1, 2024 |
|
|
Acquired in business combinations |
|
|
Recognised in profit or loss |
|
|
Recognised in other comprehensive income |
|
|
Effects of movement in foreign exchange rates |
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|
Balance as at March 31, 2025 |
|
Property, plant and equipment |
|
|
(1,813 |
) |
|
|
— |
|
|
|
479 |
|
|
|
— |
|
|
|
39 |
|
|
|
(1,295 |
) |
Intangible assets, excluding goodwill |
|
|
(7,239 |
) |
|
|
— |
|
|
|
2,681 |
|
|
|
— |
|
|
|
152 |
|
|
|
(4,406 |
) |
Trade and other receivables |
|
|
870 |
|
|
|
— |
|
|
|
127 |
|
|
|
— |
|
|
|
(23 |
) |
|
|
974 |
|
Other current assets |
|
|
3,037 |
|
|
|
— |
|
|
|
4 |
|
|
|
— |
|
|
|
(76 |
) |
|
|
2,965 |
|
Convertible notes |
|
|
(4,314 |
) |
|
|
— |
|
|
|
1,947 |
|
|
|
— |
|
|
|
— |
|
|
|
(2,367 |
) |
Employee benefits |
|
|
2,704 |
|
|
|
— |
|
|
|
603 |
|
|
|
197 |
|
|
|
(76 |
) |
|
|
3,428 |
|
Other current liabilities |
|
|
1,949 |
|
|
|
— |
|
|
|
(237 |
) |
|
|
— |
|
|
|
(46 |
) |
|
|
1,666 |
|
Lease liabilities |
|
|
3,767 |
|
|
|
— |
|
|
|
(211 |
) |
|
|
— |
|
|
|
(91 |
) |
|
|
3,465 |
|
Trade and other payables |
|
|
1,825 |
|
|
|
— |
|
|
|
(930 |
) |
|
|
— |
|
|
|
(36 |
) |
|
|
859 |
|
Contract liabilities |
|
|
240 |
|
|
|
— |
|
|
|
282 |
|
|
|
— |
|
|
|
(9 |
) |
|
|
513 |
|
Share based payments |
|
|
23,627 |
|
|
|
— |
|
|
|
1,510 |
|
|
|
— |
|
|
|
(603 |
) |
|
|
24,534 |
|
Tax losses carry forwards |
|
|
99,953 |
|
|
|
— |
|
|
|
(24,099 |
) |
|
|
— |
|
|
|
(2,228 |
) |
|
|
73,626 |
|
Others |
|
|
(43 |
) |
|
|
— |
|
|
|
(16 |
) |
|
|
— |
|
|
|
2 |
|
|
|
(57 |
) |
Total |
|
|
124,563 |
|
|
|
— |
|
|
|
(17,860 |
) |
|
|
197 |
|
|
|
(2,995 |
) |
|
|
103,905 |
|
|