| Other current liabilities |
10.
Other current liabilities
Other
current liabilities consist of the following:
Schedule of other current liabilities
| | |
As of
June 30, 2026 | | |
As of
March 31, 2026 | |
| Statutory liabilities | |
| 1,833,150 | | |
| 1,565,548 | |
| Deferred revenue | |
| 693,155 | | |
| 663,323 | |
| Advances from customers | |
| 1,203,203 | | |
| 991,218 | |
| Retirement benefits | |
| 39,609 | | |
| 39,609 | |
| Contingent consideration (i)i) | |
| 2,632,722 | | |
| 2,631,976 | |
| Other
payables (ii)ii) | |
| 1,192,168 | | |
| 2,181,115 | |
| Other current liabilities | |
| 7,594,007 | | |
| 8,072,789 | |
| i) | Contingent
consideration includes: |
| a) | Fair
value of the contingent consideration payable as a result of the EliteCover Insurance Solutions,
Inc, acquisition, amounting to $1,390,617
as of June 30,
2026 and March 31, 2026; and |
| b) | Fair
value of the contingent consideration payable as a result of the acquisition of Viaansh Insurance
Brokers Private Limited, amounting to $1,242,105
as of June 30, 2026 and $1,241,349 March 31, 2026. |
| ii) | Other
Payables include consideration payable related to the acquisition of EliteCover Insurance Solutions, Inc., and Houseneed Doorstep
Services Private Limited totaling $200,000 and $874,070, respectively,
as of June 30, 2026, compared to $1,000,000
and $873,440, respectively,
as of March 31, 2026. |
|