v3.26.1
Business Combination (Tables)
 12 Months Ended
Mar. 31, 2026
Business Combination  
Schedule of unaudited pro forma revenues and net income/ (loss) assuming the acquisition

The following table represents the unaudited pro forma revenues and net income/ (loss) assuming the acquisition of Globe occurred on April 1, 2023.

 

   2024   2025 
   March 31, 
   2024   2025 
   (unaudited)   (unaudited) 
Revenue   2,522,464    2,504,931 
Net Income/ (loss)   83,321   (25,305)
Schedule of purchase consideration for acquisition

Purchase consideration for the above acquisition has been fair valued at INR 1,280,000 as at September 10, 2024 which has been duly paid to the sellers.

 

The fair values of the identifiable assets and liabilities of Globe as at the date of acquisition were:

 

      
Net working capital (including cash)*   559,000 
Property, plant and equipment   46,000 
Trademarks   315,870 
Customer base and relationships   189,780 
Vendor base and relationships   138,030 
Borrowings   (523,990)
Deferred tax asset   4,570 
Deferred tax liability   (172,789)
Total identifiable net assets at fair value   556,471 
Goodwill   723,529 
Total purchase consideration   1,280,000 

 

Analysis of cash flows on acquisition:

 

Net cash acquired with the subsidiary   3,000 
Cash paid   (1,280,000)
Net cash flow on acquisition   (1,277,000)
 

The fair values of the identifiable assets and liabilities of ANN as at the date of acquisition were:

 

      
Net working capital (including cash)   (6,400)
Total identifiable net assets at fair value   (6,400)
Non-controlling interests measured at fair value   (200)
Deferred tax assets   26,410 
Total enterprise value (including fair value of existing 50% stake)   19,810 
      
Analysis of cash flows on acquisition:     
      
Net cash acquired with the subsidiary   2,870 
Cash paid   (9,800)
Net cash flow on acquisition   (6,930)
 
Schedule of values and lives of intangibles recognized on acquisition

The table below shows the values and lives of intangibles recognized on acquisition:-

 

   Life (years)    
Supplier relationship  15   138,030 
Trademarks  15   315,870 
Customer relationship  15   189,780 
Total Intangibles      643,680