| 13 | Other non-current assets |
The components of other non-current assets were as follows:
(In USD)
As at |
|
March 31,
2026 |
|
|
March 31,
2025 |
|
| |
|
|
|
|
|
|
| Security deposits |
|
$ |
170,922 |
|
|
$ |
188,723 |
|
| Deposits with tax authorities |
|
|
453,327 |
|
|
|
422,282 |
|
| Assets previously held for sale* |
|
|
213,875 |
|
|
|
|
|
| Restricted cash** |
|
|
- |
|
|
|
94,762 |
|
| Other non-current assets |
|
$ |
838,124 |
|
|
$ |
705,767 |
|
| * | During the year ended March 31, 2026, the Company reassessed the assets held for sale that were previously presented under current assets. As the sale of these assets is no longer expected to be completed within one year, the conditions for classification as held for sale under ASC 360-10-45-9 are no longer met. Accordingly, the assets have been reclassified from assets held for sale to other non-current assets . In accordance with ASC 360-10-35-44, the assets have been measured at the lower of their carrying amount before classification as held for sale, adjusted for the depreciation that would have been recognised had they been continuously classified as held and used, and their fair value at the date of the decision not to sell. No adjustment was required as the adjusted carrying amount was lower than fair value. |
| ** | Restricted cash represented amount held as an indemnification escrow fund with the placement agent for all indemnification liabilities
and expenses payable by the Company as per the placement agent agreement for a period of 3 years from closing of the November 2024 Offering.
As at March 31, 2026, all dues towards the same have been settled by the Company. |
|