v3.25.2
FINANCIAL RISK MANAGEMENT (Tables)
 12 Months Ended
Mar. 31, 2025
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 31 March 2025               
Accounts payable   200,660    -    200,660 
Other payables and accruals   706,874    -    706,874 
Deferred revenues   505,424    -    505,424 
Due to a related company   34,579    -    34,579 
Lease liabilities   126,808    110,867    237,675 
Total liabilities   1,574,345    110,867    1,685,212 
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 revenues   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 
Total liabilities   14,267,453    9,717,088    23,984,541 
SCHEDULE OF RECONCILIATION OF LEVEL 3 FAIR VALUE MEASUREMENTS

 

   At
31 March 2025		   At
31 March 2024		 
   USD   USD 
At 1 April  13,102,000   16,729,000 
Additions   1,369,648    100,000 
Fair value adjustments   (3,478,648)   (3,727,000)
Conversion   (10,993,000)   - 
At 31 March   -    13,102,000 
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
31 March 2025		   At
31 March 2024		 
   USD   USD 
Financial assets          
Trade receivables   1,394,545    182,334 
Other receivables   650,486    184,018 
Contract assets   750    69,354 
Restricted bank balance   399,400    - 
Cash and cash equivalents   3,111,141    76,620 
Financial assets   5,556,322    512,326 
Financial liabilities          
Trade payables   200,660    788,798 
Other payables   11,852    11,057 
Tax payables   -    8,917 
Due to related companies   34,579    34,579 
Due to immediate holding company   -    5,345,929 
Loan from a related company   -    1,930,993 
Loans from immediate holding company   -    1,140,931 
Lease liabilities   237,675    365,356 
Financial liabilities   484,766    9,626,560 
Valuation Techniques [member]  
IfrsStatementLineItems [Line Items]  
SCHEDULE OF VALUATION TECHNIQUES

 

Financial instruments 

Amount as at

31 March 2025

  

Amount as at

31 March 2024

   Valuation techniques and key inputs
Preferred shares
(Note 1)		   -   $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.
 
The 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   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. As of 31 March 2024, a 1% (2025: N/A) increase in the discount rate holding all other variables constant would decrease the carry amount of the preferred shares by $0.9 million (2025: N/A) while a 1% (2025: N/A) decrease in the discount rate holding all other variables constant would increase the carry amount of the preferred shares by $1.1 million (2025: N/A). A 1% (2025: N/A) increase in the revenue growth rate holding all other variables constant would increase the carry amount of the preferred shares by $0.6 million (2025: N/A) while a 1% (2025: N/A) decrease in the discount rate holding all other variables constant would decrease the carry amount of the preferred shares by $0.6 million (2025: N/A).

 

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
31 March 2025		   At
31 March 2024		 
   USD   USD 
Recurring fair value          
Preferred shares   -    9,359,000 
Convertible loan notes   -    3,743,000