| Summary of Recognized Deferred Tax Assets and Liabilities |
Deferred tax assets and liabilities are attributable to the following:
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As at March 31 |
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2025 |
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2026 |
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|
2025 |
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|
2026 |
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|
2025 |
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|
2026 |
|
Particulars |
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Assets |
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|
Liabilities |
|
|
Net |
|
Property, plant and equipment |
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|
1,406 |
|
|
|
1,547 |
|
|
|
(2,701 |
) |
|
|
(1,921 |
) |
|
|
(1,295 |
) |
|
|
(374 |
) |
Intangible assets, excluding goodwill |
|
|
— |
|
|
|
— |
|
|
|
(4,406 |
) |
|
|
(2,132 |
) |
|
|
(4,406 |
) |
|
|
(2,132 |
) |
Trade and other receivables |
|
|
974 |
|
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|
904 |
|
|
|
— |
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|
|
— |
|
|
|
974 |
|
|
|
904 |
|
Other current assets |
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|
2,965 |
|
|
|
2,688 |
|
|
|
— |
|
|
|
— |
|
|
|
2,965 |
|
|
|
2,688 |
|
Convertible notes |
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|
— |
|
|
|
— |
|
|
|
(2,367 |
) |
|
|
(46,297 |
) |
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(2,367 |
) |
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|
(46,297 |
) |
Employee benefits |
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|
3,428 |
|
|
|
3,999 |
|
|
|
— |
|
|
|
— |
|
|
|
3,428 |
|
|
|
3,999 |
|
Other current liabilities |
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|
1,666 |
|
|
|
1,853 |
|
|
|
— |
|
|
|
— |
|
|
|
1,666 |
|
|
|
1,853 |
|
Lease liabilities |
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|
3,465 |
|
|
|
2,565 |
|
|
|
— |
|
|
|
— |
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|
|
3,465 |
|
|
|
2,565 |
|
Trade and other payables |
|
|
859 |
|
|
|
792 |
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|
|
— |
|
|
|
— |
|
|
|
859 |
|
|
|
792 |
|
Contract liabilities and related payables |
|
|
513 |
|
|
|
615 |
|
|
|
— |
|
|
|
— |
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|
|
513 |
|
|
|
615 |
|
Share based payments |
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|
24,534 |
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|
25,377 |
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|
— |
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|
— |
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|
24,534 |
|
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|
25,377 |
|
Tax losses carry forwards |
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|
73,626 |
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|
|
33,408 |
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|
— |
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|
— |
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|
73,626 |
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|
33,408 |
|
Others |
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— |
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— |
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|
(57 |
) |
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|
(37 |
) |
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|
(57 |
) |
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|
(37 |
) |
Deferred tax assets/
(liabilities) before set off |
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|
113,436 |
|
|
|
73,748 |
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(9,531 |
) |
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|
(50,387 |
) |
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|
103,905 |
|
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|
23,361 |
|
Set off |
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|
(7,005 |
) |
|
|
(3,245 |
) |
|
|
7,005 |
|
|
|
3,245 |
|
|
|
— |
|
|
|
— |
|
Net deferred tax
assets/(liabilities) |
|
|
106,431 |
|
|
|
70,503 |
|
|
|
(2,526 |
) |
|
|
(47,142 |
) |
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|
103,905 |
|
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|
23,361 |
|
|
| Summary of Movement in Deferred Tax Assets/(Liabilities) |
Movement in recognised deferred tax assets/(liabilities) during the year
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Particulars |
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Balance
as at
April 1,
2024 |
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Recognised
in profit or
loss |
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Recognised in
other
comprehensive
income |
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|
Effects of
movement
in foreign
exchange
rates |
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Balance
as at
March 31,
2025 |
|
Property, plant and equipment |
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|
(1,813 |
) |
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|
479 |
|
|
|
— |
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|
39 |
|
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|
(1,295 |
) |
Intangible assets, excluding goodwill |
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|
(7,239 |
) |
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|
2,681 |
|
|
|
— |
|
|
|
152 |
|
|
|
(4,406 |
) |
Trade and other receivables |
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|
870 |
|
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|
127 |
|
|
|
— |
|
|
|
(23 |
) |
|
|
974 |
|
Other current assets |
|
|
3,037 |
|
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|
4 |
|
|
|
— |
|
|
|
(76 |
) |
|
|
2,965 |
|
Convertible notes |
|
|
(4,314 |
) |
|
|
1,947 |
|
|
|
— |
|
|
|
— |
|
|
|
(2,367 |
) |
Employee benefits |
|
|
2,704 |
|
|
|
603 |
|
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|
197 |
|
|
|
(76 |
) |
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|
3,428 |
|
Other current liabilities |
|
|
1,949 |
|
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|
(237 |
) |
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|
— |
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|
(46 |
) |
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|
1,666 |
|
Lease liabilities |
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|
3,767 |
|
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|
(211 |
) |
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|
— |
|
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|
(91 |
) |
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|
3,465 |
|
Trade and other payables |
|
|
1,825 |
|
|
|
(930 |
) |
|
|
— |
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|
(36 |
) |
|
|
859 |
|
Contract liabilities and related payables |
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|
240 |
|
|
|
282 |
|
|
|
— |
|
|
|
(9 |
) |
|
|
513 |
|
Share based payments |
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|
23,627 |
|
|
|
1,510 |
|
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|
— |
|
|
|
(603 |
) |
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|
24,534 |
|
Tax losses carry forwards |
|
|
99,953 |
|
|
|
(24,099 |
) |
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|
— |
|
|
|
(2,228 |
) |
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|
73,626 |
|
Others |
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|
(43 |
) |
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|
(16 |
) |
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|
— |
|
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|
2 |
|
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|
(57 |
) |
Total |
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124,563 |
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|
|
(17,860 |
) |
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|
197 |
|
|
|
(2,995 |
) |
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|
103,905 |
|
Movement in recognised deferred tax assets/(liabilities) during the year
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Particulars |
|
Balance as at April 1, 2025 |
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|
Acquired in business combination |
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|
Recognised directly in equity |
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|
Recognised in profit or loss |
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|
Recognised in other comprehensive income |
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|
Effects of movement in foreign exchange rates |
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|
Balance as at March 31, 2026 |
|
Property, plant and equipment |
|
|
(1,295 |
) |
|
|
71 |
|
|
|
— |
|
|
|
783 |
|
|
|
— |
|
|
|
67 |
|
|
|
(374 |
) |
Intangible assets, excluding goodwill |
|
|
(4,406 |
) |
|
|
(1,059 |
) |
|
|
— |
|
|
|
3,087 |
|
|
|
— |
|
|
|
246 |
|
|
|
(2,132 |
) |
Trade and other receivables |
|
|
974 |
|
|
|
— |
|
|
|
— |
|
|
|
18 |
|
|
|
— |
|
|
|
(88 |
) |
|
|
904 |
|
Other current assets |
|
|
2,965 |
|
|
|
— |
|
|
|
— |
|
|
|
(12 |
) |
|
|
— |
|
|
|
(265 |
) |
|
|
2,688 |
|
Convertible notes |
|
|
(2,367 |
) |
|
|
— |
|
|
|
(54,049 |
) |
|
|
10,119 |
|
|
|
— |
|
|
|
— |
|
|
|
(46,297 |
) |
Employee benefits |
|
|
3,428 |
|
|
|
— |
|
|
|
— |
|
|
|
785 |
|
|
|
148 |
|
|
|
(362 |
) |
|
|
3,999 |
|
Other current liabilities |
|
|
1,666 |
|
|
|
177 |
|
|
|
— |
|
|
|
175 |
|
|
|
— |
|
|
|
(165 |
) |
|
|
1,853 |
|
Lease liabilities |
|
|
3,465 |
|
|
|
— |
|
|
|
— |
|
|
|
(626 |
) |
|
|
— |
|
|
|
(274 |
) |
|
|
2,565 |
|
Trade and other payables |
|
|
859 |
|
|
|
— |
|
|
|
— |
|
|
|
11 |
|
|
|
— |
|
|
|
(78 |
) |
|
|
792 |
|
Contract liabilities and related payables |
|
|
513 |
|
|
|
— |
|
|
|
— |
|
|
|
158 |
|
|
|
— |
|
|
|
(56 |
) |
|
|
615 |
|
Share based payments |
|
|
24,534 |
|
|
|
— |
|
|
|
— |
|
|
|
3,229 |
|
|
|
— |
|
|
|
(2,386 |
) |
|
|
25,377 |
|
Tax losses carry forwards |
|
|
73,626 |
|
|
|
— |
|
|
|
— |
|
|
|
(35,721 |
) |
|
|
— |
|
|
|
(4,497 |
) |
|
|
33,408 |
|
Others |
|
|
(57 |
) |
|
|
— |
|
|
|
— |
|
|
|
16 |
|
|
|
— |
|
|
|
4 |
|
|
|
(37 |
) |
Total |
|
|
103,905 |
|
|
|
(811 |
) |
|
|
(54,049 |
) |
|
|
(17,978 |
) |
|
|
148 |
|
|
|
(7,854 |
) |
|
|
23,361 |
|
|