Financial Risk Management (Tables)
|
12 Months Ended |
Mar. 31, 2025 |
|---|
| Financial Risk Management [Abstract] |
|
| Schedule of Expected Credit Loss |
The Group provides for expected
credit loss based on the following:
| Credit rating | | Basis of categorization | | Provision for expected credit loss | | Low credit risk | | Cash and cash equivalents, trade receivables, and other financial assets | | 12 month expected credit loss | | Moderate credit risk | | Trade receivables and other financial assets | | Lifetime expected credit loss, or 12 month expected credit loss | | High credit risk | | Trade receivables and other financial assets | | Lifetime expected credit loss, or fully provided for |
|
| Schedule of Profit and Loss and Other Comprehensive Income |
Recoveries made are recognized
in the consolidated statement of profit and loss and other comprehensive income.
| Credit rating | |
Basis of categorization | |
As of
31 March
2025 | | |
As of
31 March
2024 | |
| Low credit risk | |
Cash and cash equivalents | |
$ | 4,674,586 | | |
$ | 246,377 | |
| Low credit risk | |
Other financial assets | |
$ | 5,860,417 | | |
$ | 4,222,957 | |
| Moderate credit risk | |
Trade receivables, net | |
$ | 3,352,455 | | |
$ | 3,682,302 | |
| Moderate credit risk | |
Other receivables | |
$ | — | | |
$ | — | |
|
| Schedule of Loss Provisions are Disclosed Under Each Sub-Category of Such Financial Assets |
The Group does not have any expected loss-based impairment recognized on such assets considering
their low credit risk nature, though incurred loss provisions are disclosed under each sub-category of such financial assets.
| Asset class | |
Estimated gross
carrying amount
at default | | |
Expected
probability
of default | | |
Expected
credit losses | | |
As of
March 31,
2025 | |
| Cash and cash equivalents | |
$ | 4,674,586 | | |
| 0 | % | |
| — | | |
$ | 4,674,586 | |
| Other financial assets | |
$ | 5,860,417 | | |
| 0 | % | |
| — | | |
$ | 5,860,417 | |
| Asset class | |
Estimated gross
carrying amount
at default | | |
Expected
probability
of default | | |
Expected
credit losses | | |
As of
March 31,
2024 | |
| Cash and cash equivalents | |
$ | 246,377 | | |
| 0 | % | |
| — | | |
$ | 246,377 | |
| Other financial assets | |
$ | 4,222,957 | | |
| 0 | % | |
| — | | |
$ | 4,222,957 | |
|
| Schedule of Considered to Recognize Lifetime Expected Credit Losses on Trade Receivables |
| Ageing | |
Not past
due &<30 | | |
31 - 90 | | |
90 - 180 | | |
180 - 365 | | |
>365 | | |
Total | |
| Gross carrying amount | |
| 2,430,351 | | |
| 357,079 | | |
| 242,683 | | |
| 237,530 | | |
| 198,543 | | |
| 3,466,187 | |
| Expected loss rate | |
| 0 | % | |
| 0 | % | |
| 0.04 | % | |
| 6.61 | % | |
| 50 | % | |
| | |
| Estimated total gross carrying amount at default | |
| 2,430,351 | | |
| 357,079 | | |
| 242,683 | | |
| 237,530 | | |
| 198,543 | | |
| 3,466,187 | |
| Lifetime ECL | |
| — | | |
| — | | |
| 175 | | |
| 14,286 | | |
| 99,272 | | |
| 113,732 | |
| Ageing | |
Not past
due &<30 | | |
31 – 90 | | |
90 – 180 | | |
180 – 365 | | |
>365 | | |
Total | |
| Gross carrying amount | |
| 3,811,576 | | |
| — | | |
| — | | |
| — | | |
| — | | |
| — | |
| Expected loss rate | |
| 0 | % | |
| 0 | % | |
| 0.04 | % | |
| 6.61 | % | |
| 50 | % | |
| | |
| Estimated total gross carrying amount at default | |
| 2,821,141 | | |
| 335,357 | | |
| 276,851 | | |
| 138,164 | | |
| 240,063 | | |
| 3,811,576 | |
| Lifetime ECL | |
| — | | |
| — | | |
| 106 | | |
| 9,137 | | |
| 120,031 | | |
| 129,274 | |
|
| Schedule of Movement of Allowance for Trade Receivables |
Movement of allowance for trade receivables
| (USD) As at March 31, 2023 |
|
|
57,831 |
|
| Acquired in business combination |
|
|
— |
|
| Gain recognized/(reversed) during the year |
|
|
72,698 |
|
| Exchange gain |
|
|
— |
|
| Amounts written off |
|
|
(1,255 |
) |
| As at March 31, 2024 |
|
|
$ 129,274 |
|
| Gain recognized/(reversed) during the year |
|
|
(15,541 |
) |
| As at March 31, 2025 |
|
|
$1,13,732 |
|
|
| Schedule of Group’s Financial Liabilities Based on their Contractual Maturities |
The amounts disclosed in the table are the contractual
undiscounted cash flows. | Liability class | | Less than
1 year | | | 1 – 2 years | | | 2 – 3 years | | | More than
3 years | | | Total as of
March 31,
2025 | | | Borrowings | | $ | 396,206 | | | | — | | | | — | | | | — | | | $ | 396,206 | | | Trade payables | | | 6,470,875 | | | | — | | | | — | | | | — | | | | 6,470,875 | | | Other financial liabilities | | | 268,643 | | | | — | | | | — | | | | — | | | | 268,643 | | | Other current liabilities | | | 6,127,340 | | | | — | | | | — | | | | — | | | | 6,127,340 | | | Total | | $ | 13,263,064 | | | $ | — | | | $ | — | | | $ | — | | | $ | 13,263,064 | |
| Liability class |
|
Less than
1 year |
|
|
1 – 2 years |
|
|
2 – 3 years |
|
|
More than
3 years |
|
|
Total as of
March 31,
2024 |
|
| Borrowings |
|
$ |
1,728,190 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
$ |
1,728,190 |
|
| Trade payables |
|
|
8,430,154 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
8,430,154 |
|
| Other financial liabilities |
|
|
243,655 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
243,655 |
|
| Other current liabilities |
|
|
3,413,025 |
|
|
|
— |
|
|
|
— |
|
|
|
— |
|
|
|
3,413,025 |
|
| Total |
|
$ |
13,815,024 |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
— |
|
|
$ |
13,815,024 |
|
|