v3.26.1
Long-term debt
12 Months Ended
Mar. 31, 2026
Debt Disclosure [Abstract]  
Long-term debt

Note 8 - Long-term debt

 

Long-term debt consists of the following:

 

               
    As of
March 31,
 
    2026     2025  
Loan from the director of ATGBA   $ 734     $ 812  
Loan from an affiliate     -       111  
Non-current portion of vehicle loan     64       173  
    $ 798     $ 1,096  

 

For additional information on the loan from the director of ATGBA, Mr. Vaibhav Rao, to a subsidiary company and loan from an affiliate, see Note 13 – Related Party Transactions - point (g) and (d), respectively.

 

Vehicle loan

 

On December 7, 2022, the Company entered into a vehicle loan, secured by the vehicle, for INR 11,450 (or approximately $121 at the exchange rate in effect on March 31, 2026) at 10.75% from Mercedes-Benz Financial Services India Pvt. Ltd. The Company is required to repay the loan in 48 monthly instalments beginning January 4, 2023.

 

On August 2, 2024, the Company entered into a vehicle loan, secured by the vehicle, for INR 8,165 (or approximately $86 at the exchange rate in effect on March 31, 2026) at 10.25% from Mercedes-Benz Financial Services India Pvt. Ltd. The Company is required to repay the loan in 48 monthly instalments beginning September 4, 2024.

 

As of March 31, 2026, the future maturities of debt by fiscal year are as follows:

 

       
2027   $ 826  
2028     11  
2029     53  
2030     -  
Total future maturities of debt   $ 890