v3.26.1
Subsequent events
12 Months Ended
Mar. 31, 2026
Subsequent Events [Abstract]  
Subsequent events

28 Subsequent events

 

The Company has evaluated subsequent events from April 1, 2026 through the date these consolidated financial statements were available to be issued and identified the following events requiring disclosure:

 

a) On May 22, 2026, the Company entered into a third amendment (the “Third Amendment”) addressing the November 2025 Notes and the January 2026 Notes. Among other things, the Third Amendment amends the November 2025 Notes to (i) change the dates on which the “Installment Amounts” otherwise due under the November 2025 Notes on April 21, 2026 and May 21, 2026 are due to July 20, 2026, (ii) add a provision that would adjust the “Conversion Price” of the November 2025 Note in the event of certain equity financings below the Conversion Price then in effect, equivalent to the provision in the January 2026 Notes and (iii) remove the provision that required the Company to use up to 25% of the net proceeds of “Subsequent Placements” to redeem all or a portion of the November 2025 Notes. The Third Amendment also (i) changes the date on which the “Installment Amount” otherwise due under the January 2026 Notes on May 20, 2026 is due to July 20, 2026, and (ii) extends the termination date of the Investor’s right to participate in certain financings by the Company to December 20, 2027. Also pursuant to the Third Amendment, the Company is required to use commercially reasonable efforts to obtain the approval, for purposes of Nasdaq Listing Rules, of its shareholders to issue a number of its Ordinary Shares upon conversion of the November 2025 Notes and the January 2026 Notes in excess of 20% of the total number of ordinary shares outstanding as of November 20, 2025.

 

b) On June 26, 2026, but effective March 1, 2026, Roadzen (DE) and Mizuho executed a definitive amendment further extending the maturity date of the facility to July 7, 2027. There were no changes to the terms of the Senior Secured Notes.