v3.26.1
Prepayments and other current assets (Tables)
 12 Months Ended
Mar. 31, 2026
Prepayments And Other Current Assets  
Schedule of prepayments and other current assets

 

  

As of

March 31, 2026

  

As of

March 31, 2025

 
Balance with statutory authorities(i)   2,587,264    1,496,055 
Unbilled revenue(ii)   

5,827,805

    6,201,942 
Advances given(iii)   1,635,623    1,555,929 
Other receivables(iv)   47,835    - 
Prepayments   673,595    1,100,063 
Forward purchase agreement(v)   6,800,000    8,628,301 
Deposits   260,997    110,305 
Prepayments and other current assets   

17,833,119

    19,092,595 

 

i)Balance with statutory authorities represents withholding taxes and value added tax receivable from local tax authorities.

 

ii)Unbilled revenue is net of allowances amounting to $1,809,347 and $0 as on March 31, 2026 and March 31, 2025 respectively.

 

iii)Advances given include:

 

a) $1,106,447 and $1,135,108 of advances to suppliers as of March 31, 2026 and March 31, 2025, respectively.

 

b) $336,381 and $128,654 of advances to employees as of March 31, 2026 and March 31, 2025, respectively. Advances to employees include related party balances of $70,456 and $71,382 as of March 31, 2026 and as of March 31, 2025 respectively.

 

c) $97,049 in advances were extended to Viansh Insurance Brokers Private Limited towards a Business Purchase Agreement entered by one of the Company’s subsidiary Good Insurance Brokers Pvt Ltd in India.

 

iv)Other receivable includes allowances for doubtful receivables of $2,800,000 as of March 31, 2026 and March 31, 2025.

 

v)Forward purchase agreement
Schedule of assumptions used in calculating estimated fair value

Assumptions used in calculating estimated fair value of Forward Purchase Agreement as of March 31, 2025 is as follows:

 

Volatility   142.66%
Risk-free rate   4.31%
Dividend yield   0.00%
Strike price   10.77 
Remaining term (years)   2 years