Debt (Tables)
|
12 Months Ended |
Mar. 31, 2026 |
| Debt [Abstract] |
|
| Schedule of Long Term and Short Term Debt |
The components of long term and short term debt were as follows:
(In USD)
As at | | Effective
interest rates | | | Maturities* | | March 31,
2026 | | | March 31,
2025 | | | Current | | | | | | | | | | | | | From NBFCs | | | | | | | | | | | | | | | | - Mahindra & Mahindra Financial Services Limited** | | | - | | | March 31, 2027 | | $ | 344,977 | | | $ | 439,415 | | | - TATA Motors Finance Limited | | | 12.27 | % | | May 31, 2027 | | | 1,172,688 | | | | 1,749,415 | | | - Orix Leasing and Financial Services India Limited | | | 12.00 | % | | December 15, 2025 | | | - | | | | 58,978 | | | | | | | | | | | | | | | | | | | From Others | | | | | | | | | | | | | | | | - Kotak Mahindra Financial Services Limited** | | | 1.00 | % | | March 31, 2027 | | | 370,416 | | | | 376,861 | | | - Clix Finance India Private Limited** | | | 0.05 | % | | March 2, 2027 | | | 71,085 | | | | 64,621 | | | - AON Risk Insurance Services West, Inc | | | 8.25 | % | | April 28, 2025 | | | - | | | | 162,051 | | | - Honor PCF Trust I | | | 9.05 | % | | October 28, 2026 | | | 552,278 | | | | - | | | | | | | | | | | $ | 2,511,444 | | | $ | 2,851,341 | | | Total maturity for the year ending on March 31, | | | | | | | | | | | | | | | | 2027 | | | | | | | | | | | | $ | 2,511,444 | | | | | | | | | | | | | | | $ | 2,511,444 | |
| * | Maturities have been stated as per the estimated repayment timelines. For Tata Motors Finance Limited, due to non-payment of scheduled EMIs, the loan is immediately payable and is classified as current. The debts are not associated with any restrictive covenants. | | ** | These debts are past overdue based on the contractual maturities. |
|
| Schedule of Unsecured Notes Payable |
The following is a summary of the Company’s Unsecured
notes payable as of March 31, 2026 and March 31, 2025:
(In
USD)
As at | |
March
31,
2026 | | |
March
31,
2025 | |
| Bridge
notes | |
$ | 890,596 | | |
$ | - | |
| Less:
Discount and debt issuance cost on issuance, net of amortization | |
| (79,418 | ) | |
| - | |
| Total | |
$ | 811,178 | | |
$ | - | |
|
| Schedule of Bridge Notes |
The unamortized discount and issuance cost have been presented as net
of the bridge notes liability. | Particulars | | Issue date | | Effective Interest Rates | | | Original maturity | | March 31, 2026 | | | March 31, 2025 | | | 1800 Diagonal Lending LLC | | June 23, 2025 | | | 62.00 | % | | March 30, 2026 | | $ | 36,330 | | | $ | - | | | Boot Capital LLC | | June 23, 2025 | | | 54.55 | % | | March 30, 2026 | | | 14,005 | | | | - | | | 1800 Diagonal Lending LLC | | July 31, 2025 | | | 51.72 | % | | May 31, 2026 | | | 45,425 | | | | - | | | Boot Capital LLC | | July 31, 2025 | | | 38.39 | % | | May 31, 2026 | | | 17,329 | | | | - | | | 1800 Diagonal Lending LLC | | November 28, 2025 | | | 57.83 | % | | September 30, 2026 | | | 98,293 | | | | - | | | Boot Capital LLC | | November 28, 2025 | | | 39.73 | % | | September 30, 2026 | | | 37,955 | | | | - | | | Firstfire Global Opportunities Fund, LLC | | December 10, 2025 | | | 26.91 | % | | December 10, 2026 | | | 217,512 | | | | - | | | Auctus Fund, LLC | | December 24, 2025 | | | 46.38 | % | | December 24, 2026 | | | 111,035 | | | | - | | | 1800 Diagonal Lending LLC | | February 25, 2026 | | | 42.96 | % | | December 30, 2026 | | | 156,002 | | | | - | | | Boot Capital LLC | | February 25, 2026 | | | 32.80 | % | | December 30, 2026 | | | 77,292 | | | | - | | | | | | | | | | | | | $ | 811,178 | | | $ | - | |
|
| Schedule of Convertible Redeemable Notes Payable |
The following is a summary of the Company’s Convertible
Redeemable notes payable as of March 31, 2026 and March 31, 2025:
(In USD)
As at | |
March
31,
2026 | | |
March
31,
2025 | |
| Convertible Redeemable notes | |
$ | 277,882 | | |
$ | - | |
| Less: Discount and debt issuance cost on issuance,
net of amortization | |
| (15,047 | ) | |
| - | |
| | |
| | | |
| | |
| Promissory note | |
$ | 194,128 | | |
$ | - | |
| Less:
Discount and debt issuance cost on issuance, net of amortization | |
| (5,615 | ) | |
| - | |
| Total | |
$ | 451,348 | | |
$ | - | |
|