v3.26.1
SCHEDULE OF GENERAL AND ADMINISTRATIVE EXPENSES (Details) - USD ($)
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Notes and other explanatory information [abstract]      
Total employees’ benefits [1] $ 13,285,361 $ 4,817,469 $ 5,043,962
M&A cost [2] 3,740,821
Professional fees [3] 2,937,976 2,093,658 531,245
IT development and maintenance support [4] 2,391,584 1,452,730 2,121,539
Impairment losses recognized in respect of trade and other receivables [5] 1,211,627 9,220 21,122
Audit fee [6] 1,087,013 390,349 594,224
Travelling expenses [7] 837,832 377,922 514,106
Investor relations [8] 488,660 114,626
Amortization and depreciation 594,784 125,575 103,276
Share-based payments expenses (non-employee related) [9] 1,022,358 369,648
Others 903,308 593,317 433,871
General and administrative expense 28,501,324 10,344,514 9,363,345
Basic salaries, allowances and all benefits-in-kind 7,232,325 3,865,438 3,581,537
Pension costs - defined contribution plans 425,215 92,346 109,590
Share-based payments 5,627,821 859,685 1,352,835
Deferred expenses 100,000    
Marketing and advertising expense 800,000    
Research and development expense $ 2,600,000 $ 1,400,000 $ 1,300,000
[1] Employee benefits mainly comprise salaries, pension cost and share-based payments expenses. The increase in the year ended March 31, 2026 was primarily driven by employee cost associated with the three acquisitions during the year and an increase on the value of share-based payments expenses of $5.6 million, when compared to $0.9 million in the year ended March 31, 2025 and $1.4 million on the year ended March 31, 2024.
[2] M&A costs incurred during the year mainly related to legal and due diligence fees related to the three business acquisitions completed. The costs also include fees related to one transaction the Company decided not to pursue after due diligence and fees for the proposed transaction with Resulticks Global Companies Pte. Ltd (“Resulticks”) that is still under discussion. There were no such costs during the years ended March 31, 2025 or 2024.
[3] The increase in professional fees in the year ended March 31, 2026 can, in part, be attributed to the cost incurred in relation to being a public company following the IPO in January 2025. Upon the successful closing of the IPO, $1.4 million IPO related costs were capitalized against the share premium account with $1.7 million recorded as an expense in the statement of profit or loss during the year ended March 31, 2025.
[4] IT development and maintenance support costs consist primarily of costs associated with the engagement of third party IT engineers to drive the performance and feature enhancement of the Group’s products. The increase in the year ended March 31, 2026 is primarily due to the acquisitions, whilst cost reduction during the years ended March 31, 2025 and 2024, in part, has been a result of the decision not to focus on customization projects but focus on feature and functionality enhancements to the software solutions.
[5] Impairment losses recognized in respect of trade and other receivables increased in the year ended March 31, 2026 mainly due to: i) expected credit losses of $0.3 million provided against a loan to Resulticks (included within other receivables); and ii) expected credit losses of $0.7 million provided against a software subscription customer. The remaining increase is primarily driven by the three corporate acquisitions completed during the year and a general increase in the gross trade and other receivables balance.
[6] The increase in audit fees during the year ended March 2026 was driven by an increase in the Group audit fee which was driven by the increased size of the Group and the first Sarbanes Oxley audit following the Group being categorized as a large accelerated filer at March 31, 2026. The amounts for years ended March 31, 2025 and 2024 primarily related to the audits of the Group’s consolidated financial statements in accordance with the standards of the Public Company Accounting Oversight Board (“PCAOB”) in connection with the Company’s IPO. The audit fees incurred in 2025 were mainly attributable to the audit of the financial year ended March 31, 2025, while the fees incurred during the year ended March 31, 2024 covered the audits of the financial years ended March 31, 2022, 2023, and 2024 as Diginex prepared for its IPO that completed in January, 2025.
[7] During the year ended March 31, 2026, travelling expenses increased as the Group engaged in M&A activity and sought business opportunities.
[8] During the year ended March 2026, the Group continued to engage with professional investor relations team to support the Group’s public communications as a newly listed company. This engagement commended during the lead up to the IPO in January 2025.
[9] The $1.0 million charge in the year ended March 2026 relates to the issuance of 62,074 Ordinary Shares (Post-Share Consolidation: 7,759 Ordinary Shares) to the individual that introduced Matter. This equated to 5% of the Matter transaction value.