v3.25.2
SCHEDULE OF OTHER INCOME, GAINS OR LOSSES (Details) - USD ($)
12 Months Ended
Mar. 31, 2025
Mar. 31, 2024
Mar. 31, 2023
Notes and other explanatory information [abstract]      
Preferred Shares [1] $ 4,117,648 $ 4,101,000 $ (1,841,000)
Convertible loan notes [2] (639,000) (374,000) (19,000)
Bank interest income 85 873 576
Subsidies from government authorities 22,454 19,230 67,433
Others 13 6,885 29,581
Fair value change $ 3,501,200 $ 3,753,988 $ (1,762,410)
[1] In July 2021, DSL allotted 3,000 Preferred Shares to a new shareholder for a consideration of $6,000,000. Preferred Shares were fair valued, using an equity allocation model at the end of each reporting period, which resulted in a gain of $4,117,648 for the year ended 31 March 2025 (2024: gain of $4,101,000; 2023: loss of $1,841,000).
[2] The Group issued 8% convertible loan notes. The notes were fair valued, using binomial option pricing model, at the end of each reporting period, resulting in a loss of $639,000 for the year ended 31 March 2025 (2024: loss of $374,000; 2023: loss of $19,000).