v3.26.1
CONSOLIDATED STATEMENTS OF CASH FLOWS - USD ($)
$ in Thousands
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Cash flows from operating activities    
Net Income / (loss) $ 3,474 $ (21,595)
Adjustments to reconcile net income/(loss) to net cash provided by/(used in) operating activities:    
Depreciation and amortization expense 837 1,384
Impairment Loss (0) 1,693
Stock-based compensation expense 293 12,746
Deferred tax expense / (benefit) 173 (2,109)
Accrued income from long-term investments (239) (216)
Provision for expected credit loss (1,954) 2,091
Gain on lease termination (1) (29)
(Profit) / loss on sale of property and equipment (18) 90
Sundry balances written back (1,205) (699)
Impairment in value of investments 1
Change in fair value of forward purchase agreement put option liability 51 (4,585)
Change in fair value of derivative warrant liabilities (208) (738)
Gain on settlement of forward purchase agreement put option liability (581)
Loss on issuance of shares against accounts payable 342
Unrealized exchange (gain) / loss (181) 44
Sundry balances written off 2,861 9,479
Changes in operating assets and liabilities:    
Accounts receivable (3,277) 261
Prepaid expenses and other current assets 2,301 (1,284)
Operating right-of-use assets (50) (3,470)
Other assets (858) (89)
Accounts payable 2,719 3,699
Accrued compensation and related benefits, current 1,299 (581)
Other current liabilities (1,242) (842)
Operating lease liabilities 115 3,555
Other liabilities 1,881 425
Net cash provided by/ (used in) operating activities 6,772 (1,009)
Cash flows from investing activities    
Acquisition of property and equipment (1,113) (1,484)
Sale of property and equipment 87 217
Issuance of loans to affiliates (131) (1,356)
Payments received for loans to affiliates 108 1,765
Fixed Deposits placed with banks (609)
Proceeds from maturities of fixed deposits placed with banks 250
Payment made towards investment in wholly owned subsidiary (10)
Net cash used in investing activities (1,418) (858)
Cash flows from financing activities    
Net repayment of short term borrowings (1,833) (405)
Payment of insurance financing liability (164) (491)
Proceeds from long-term debt 1,506
Repayment of long-term debt (131) (1,777)
Payment of finance lease obligations (176) (335)
Payment of deferred transaction costs (40) (20)
Payment of FPA liabilities (100)
Proceeds from issuance of Class A ordinary shares, net of issuance cost 4,678
Proceeds from issuance of subsidiary shares pursuant to MSOP agreement 7
Payment for purchase of treasury shares (580) (724)
Net cash (used in) / provided by financing activities (3,017) 2,432
Effect of exchange rate changes on cash and cash equivalents (223) 115
Net increase in cash and cash equivalents 2,114 680
Cash and cash equivalents at the beginning of the year 2,764 2,084
Cash and cash equivalents at the end of the year 4,878 2,764
Supplemental cash flow disclosure:    
Cash paid for interest 346 910
Cash paid for income taxes, net of refunds 1,280 2,503
Supplemental disclosure of non-cash investing and financing activities:    
Unpaid deferred transaction costs included in accounts payable and other current liabilities
Equipment acquired under finance lease obligations 134 117
Property and equipment purchase included in accounts payable 1
Settlement of accounts payable through issuance of Class A ordinary shares to vendors 342
Issuance of common stock to vendor in lieu future services $ 180