Business combinations (Tables)
|
12 Months Ended |
Mar. 31, 2026 |
|---|
| Daokang (Beijing) Data Science Company Ltd [Member] |
|
| Business Combination [Line Items] |
|
| Schedule of fair value purchase consideration independent valuation |
The
fair value of purchase consideration as determined in the independent valuation report is as follows:
Schedule of fair value purchase
consideration independent valuation
| | |
| | |
| Fair value of previously held equity interest (34.5%) remeasured at acquisition date | |
| 1,225,893 | |
| Incremental investment to obtain control of Daokang | |
| 1,000,000 | |
| Fair value of total consideration | |
| 2,225,893 | |
|
| Schedule of major classes of assets and liabilities allocated to purchase price |
The
major classes of assets and liabilities to which we have allocated the purchase price were as follows:
Schedule
of major classes of assets and liabilities allocated to purchase price
| | |
| | |
| Property, plant and equipment | |
| 19,351 | |
| Working capital | |
| 711,730 | |
| Identifiable intangible asset | |
| 3,173,217 | |
| Other liabilities | |
| (327,622 | ) |
| Total identifiable net assets | |
| 3,576,676 | |
| Capital contribution subsequent to acquisition date | |
| 1,000,000 | |
| Net assets considered for purchase price allocation | |
| 4,576,676 | |
| Gain on bargain purchase (i) | |
| (165,496 | ) |
| Fair value of non controlling interest holders | |
| 2,185,287 | |
| Total Purchase consideration | |
| 2,225,893 | |
| (i) | The gain on bargain purchase presented above is based on the acquisition-date exchange
rate (April 1, 2025). |
|
| Schedule of purchase price allocated to intangible assets acquired |
Following
are details of the purchase price allocated to the intangible asset acquired:
Schedule
of purchase price allocated to intangible assets acquired
| | |
Amount | | |
Weighted average life | |
| Patent - Mobile vehicle insurance survey system | |
| 237,855 | | |
| 5 years | |
| Patent - Mobile vehicle insurance smart dispatch system | |
| 237,855 | | |
| 5 years | |
| Software - Video Inspection System | |
| 1,749,640 | | |
| 5 years | |
| Software - Insurance Dispatching System | |
| 753,533 | | |
| 5 years | |
| Intangible assets under development | |
| 194,334 | | |
| 5 years | |
|
| Elite Cover Insurance Solutions Inc [Member] |
|
| Business Combination [Line Items] |
|
| Schedule of fair value purchase consideration independent valuation |
The
fair value of purchase consideration as determined in the independent valuation report is as follows:
Schedule of fair value purchase
consideration independent valuation
| | |
| | |
| Initial consideration | |
| 1,000,000 | |
| Fair value of contingent consideration (milestone based) | |
| 1,390,617 | |
| Fair value of total consideration | |
| 2,390,617 | |
|
| Schedule of major classes of assets and liabilities allocated to purchase price |
The
major classes of assets and liabilities to which we have allocated the purchase price were as follows:
Schedule
of major classes of assets and liabilities allocated to purchase price
| | |
| | |
| Property, plant and equipment | |
| 16,580 | |
| Working capital | |
| (470,060 | ) |
| Identifiable intangible asset – Customer relationship | |
| 1,470,472 | |
| Other liabilities | |
| (169,840 | ) |
| Total identifiable net assets | |
| 847,152 | |
| Goodwill (Refer Note 20) | |
| 2,001,112 | |
| Fair value of non controlling interest holders | |
| (457,647 | ) |
| Total Purchase consideration | |
| 2,390,617 | |
|
| Schedule of purchase price allocated to intangible assets acquired |
Following
are details of the purchase price allocated to the intangible asset acquired:
Schedule
of purchase price allocated to intangible assets acquired
| | |
Amount | | |
Weighted average life | |
| Acquired customer contracts | |
| 1,470,472 | | |
| 5 years | |
|
| Houseneed Doorstep Services Private Limited [Member] |
|
| Business Combination [Line Items] |
|
| Schedule of fair value purchase consideration independent valuation |
The
fair value of purchase consideration as determined in the independent valuation report is as follows:
Schedule of fair value purchase
consideration independent valuation
| | |
| | |
| Cash consideration | |
| 895,665 | |
| Consideration via issuance of equity shares | |
| 4,520,579 | |
| Fair value of total consideration | |
| 5,416,244 | |
|
| Schedule of major classes of assets and liabilities allocated to purchase price |
The
major classes of assets and liabilities to which we have allocated the purchase price were as follows:
Schedule
of major classes of assets and liabilities allocated to purchase price
| | |
| | |
| Property, plant and equipment | |
| 5,169 | |
| Working capital | |
| (918,562 | ) |
| Identifiable intangible asset | |
| 3,256,733 | |
| Other liabilities | |
| (553,163 | ) |
| Total identifiable net assets | |
| 1,790,177 | |
| Goodwill (Refer Note 20) | |
| 3,626,067 | |
| Total Purchase consideration | |
| 5,416,244 | |
|
| Schedule of purchase price allocated to intangible assets acquired |
Following
are details of the purchase price allocated to the intangible asset acquired:
Schedule
of purchase price allocated to intangible assets acquired
| | |
Amount | | |
Weighted average life | |
| Software – VehicleCare AI claims and repair management platform | |
| 3,256,733 | | |
| 5 years | |
|