| Schedule of Lease |
The components of lease expense
were as follows:
| (In USD) | |
March 31, | | |
March 31, | |
| Period ended | |
2026 | | |
2025 | |
| Interest on finance lease liabilities | |
$ | 281,808 | | |
$ | 550,903 | |
| Operating lease cost | |
| 327,517 | | |
| 363,435 | |
| Short term lease cost | |
| 104,764 | | |
| 486,289 | |
| Total lease cost | |
$ | 714,089 | | |
$ | 1,400,627 | |
Supplemental cash flow information
related to leases was as follows:
| (In USD) | |
March 31, | | |
March 31, | |
| Period ended | |
2026 | | |
2025 | |
| Cash paid for amounts included in the measurement of lease liabilities: | |
| | |
| |
| Operating cash outflows for operating leases | |
$ | (326,005 | ) | |
$ | (338,626 | ) |
| Financing cash outflows for finance leases | |
$ | (291,326 | ) | |
$ | (2,103,219 | ) |
Supplemental balance sheet information
related to leases was as follows:
| (In USD) | |
March 31, | | |
March 31, | |
| As at | |
2026 | | |
2025 | |
| Operating Leases | |
| | |
| |
| Operating lease right-of-use assets | |
$ | 739,652 | | |
$ | 1,021,898 | |
| | |
| | | |
| | |
| Current operating lease liabilities | |
$ | 225,655 | | |
$ | 316,756 | |
| Non-current operating lease liabilities | |
| 601,759 | | |
| 801,981 | |
| Total operating lease liabilities | |
$ | 827,414 | | |
$ | 1,118,737 | |
| | |
| | | |
| | |
| Finance Leases | |
| | | |
| | |
| Current finance lease liabilities | |
$ | 2,058,281 | | |
$ | 3,966,962 | |
| Total finance lease liabilities | |
$ | 2,058,281 | | |
$ | 3,966,962 | |
| Weighted Average Remaining Lease Term |
|
|
|
|
|
|
|
|
| Operating leases |
|
|
36 months |
|
|
|
48 months |
|
| Finance leases |
|
|
6 months |
|
|
|
18 months |
|
| Weighted Average Discount Rate |
|
|
|
|
|
|
|
|
| Operating leases |
|
|
13.00 |
% |
|
|
13.00 |
% |
| Finance leases |
|
|
9.00 |
% |
|
|
9.00 |
% |
|
| Schedule of Maturities of Lease Liabilities |
The Company determines the incremental borrowing rate by adjusting
the benchmark reference rates, with appropriate financing spreads applicable to the respective geographies where the leases were entered
and lease specific adjustments for the effects of collateral.
| |
|
Year ended March 31, 2026 |
|
| |
|
Operating
Leases |
|
|
Finance
Leases |
|
| Maturities of lease liabilities are as follows: |
|
|
|
|
|
|
|
|
| 2027 |
|
$ |
320,092 |
|
|
$ |
2,084,656 |
|
| 2028 |
|
|
335,673 |
|
|
|
- |
|
| 2029 |
|
|
352,034 |
|
|
|
- |
|
| Total Lease Payments |
|
$ |
1,007,799 |
|
|
$ |
2,084,656 |
|
| Less : Imputed Interest |
|
|
180,385 |
|
|
|
26,375 |
|
| Total Lease Liabilities |
|
$ |
827,414 |
|
|
$ |
2,058,281 |
|
|