v3.26.1
Consolidated Balance Sheets - USD ($)
Mar. 31, 2026
Mar. 31, 2025
Current assets :    
Cash and cash equivalents $ 328,586 $ 1,077,275
Accounts receivable, net of allowance for credit losses 100,167 200,650
Assets held for sale 267,293
Prepaid expenses 727,763 1,020,170
Balances with government authorities 187,458
Other current assets 103,573 261,200
Total current assets 1,260,089 3,014,046
Property and equipment, net of accumulated depreciation $720,261 and $2,855,236 respectively 153,495 327,124
Operating lease right-of-use assets 739,652 1,021,898
Intangible assets, net of accumulated amortisation of $12,859 and $10,941 respectively 1,987 5,451
Long term investments 21,066 25,653
Prepaid expenses 189,694 257,385
Other non-current assets, net of allowance for credit losses 838,124 705,767
Total assets 3,204,107 5,357,324
Current liabilities :    
Accounts payable 22,484,767 12,396,147
Accounts payable towards related parties 152,435 152,435
Current maturities of long-term debt 2,511,444 2,851,341
Current portion of operating lease liabilities 225,655 316,756
Finance lease liabilities 2,058,281 3,966,962
Contract liabilities 515,854 471,720
Current portion of pension and other employee obligations 177,539 152,872
Unsecured notes 811,178
Convertible Redeemable note 451,348
Unsecured convertible note 6,554,074 6,002,269
Other current liabilities (Refer Note 28- VIE) 1,593,411 3,199,649
Total current liabilities 37,535,986 29,510,151
Operating lease liabilities, less current portion 601,759 801,981
Pension and other employee obligations, less current portion 370,429 394,030
Total liabilities 38,508,174 30,706,162
Commitments and contingencies (Note 30)
Stockholders’ deficit:    
Common stock, $0.0001 par value per share, 250,000,000 shares authorized as of March 31, 2026 and March 31, 2025; 7,433,991 shares and 2,462,418 shares issued and outstanding as of March 31, 2026 and March 31, 2025 respectively 743 246
Shares pending issuance 166,538
Additional paid-in capital 309,926,705 305,693,199
Accumulated deficit (347,794,918) (333,173,805)
Accumulated other comprehensive income 2,396,865 2,131,522
Total stockholders’ deficit (35,304,067) (25,348,838)
Total liabilities and stockholders’ deficit $ 3,204,107 5,357,324
Related parties    
Current liabilities :    
Current portion of long-term debt from related parties