v3.25.2
SCHEDULE OF PREPAYMENT, DEPOSITS AND OTHER RECEIVABLES (Details) - USD ($)
Mar. 31, 2025
Mar. 31, 2024
Trade Receivables Contract Assets Other Receivables Deposits And Prepayment    
Deposits [1] $ 63,914 $ 35,261
Prepayments [2] 351,791 34,197
Other receivables [3] 650,486 184,018
Prepayment, deposits and other receivables 1,066,191 253,476
Deposit [1] $ 45,463 $ 35,431
[1] Current deposits represent amounts paid to an employment agency in Germany and deposit for investor relation services.
[2] The increase in prepayments as of 31 March 2025 primarily relates to the advance payment of the Directors and Officers (D&O) liability insurance premium, covering the period from January 2025 to December 2026. This insurance was procured subsequent to the successful completion of the IPO.
[3] As of 31 March 2024, other receivables mainly comprised $142,633 of deferred transaction costs in connection with the IPO of the Company (the “Deferred IPO Expenses”) and an outstanding balance $41,385 with payment channel, Stripe. The Deferred IPO Expenses with an aggregate amount of $1,432,343 were deducted against share premium upon the successful closing of the IPO. Other Receivables also includes fund raising costs of $400,000 and $250,000 paid under the Nomas MOU and the Al Noor MOU, respectively.