| Other current liabilities |
11
Other current liabilities
Other
current liabilities consist of the following:
Schedule of other current liabilities
| | |
As of March 31, 2026 | | |
As of March 31, 2025 | |
| | |
| | |
| |
| Statutory liabilities | |
| 1,565,548 | | |
| 535,493 | |
| Deferred revenue | |
| 663,323 | | |
| 893,822 | |
| Advances from customers | |
| 991,218 | | |
| 86,653 | |
| Retirement benefits | |
| 39,609 | | |
| 25,464 | |
| Contingent consideration(i) | |
| 2,631,976 | | |
| - | |
| Other payables(ii) | |
| 2,181,115 | | |
| 561,034 | |
| Other
current liabilities | |
| 8,072,789 | | |
| 2,102,466 | |
| (i) | Contingent consideration
includes |
a)
fair value of the contingent consideration payable as a result of the EliteCover Insurance Solutions, Inc, acquisition, amounting to
$1,390,617 as of March 31, 2026.
b)
fair value of the contingent consideration payable as a result of the acquisition of Viaansh Insurance Brokers Private Limited, amounting
to $1,241,349 as of March 31, 2026.
| (ii) | Other Payables include consideration payable on acquisition of National Automobile Club,
EliteCover Insurance Solutions, Inc., and Houseneed Doorstep Services Private Limited amounting to $125,000, $1,000,000 and $873,440
as of March 31, 2026, respectively. |
|