v3.26.1
Condensed Consolidated Balance Sheets - USD ($)
Jun. 30, 2026
Mar. 31, 2026
Current assets :    
Cash and cash equivalents $ 405,441 $ 328,586
Accounts receivable, net of allowance for credit losses 73,634 100,167
Prepaid expenses 726,263 727,763
Balances with government authorities
Other current assets 124,039 103,573
Total current assets 1,329,377 1,260,089
Property and equipment, net of accumulated depreciation $738,075 and $720,261 respectively 132,614 153,495
Operating lease right-of-use assets 686,880 739,652
Intangible assets, net of accumulated amortisation of $13,547 and $12,859 respectively 1,247 1,987
Long term investments 21,417 21,066
Prepaid expenses 172,294 189,694
Other non-current assets, net of allowance for credit losses 837,242 838,124
Total assets 3,181,071 3,204,107
Current liabilities :    
Accounts payable 24,338,839 22,484,767
Accounts payable towards related parties 152,435
Current maturities of long-term debt 2,140,138 2,511,444
Current portion of operating lease liabilities 236,174 225,655
Finance lease liabilities 1,521,842 2,058,281
Contract liabilities 454,773 515,854
Current portion of pension and other employee obligations 166,944 177,539
Unsecured notes 760,218 811,178
Convertible Redeemable note 386,138 451,348
Unsecured convertible note 6,534,456 6,554,074
Redeemable promissory note 30,145
Other current liabilities [1] 1,442,204 1,593,411
Total current liabilities 38,011,871 37,535,986
Operating lease liabilities, less current portion 534,852 601,759
Pension and other employee obligations, less current portion 366,308 370,429
Total liabilities 38,913,031 38,508,174
Commitments and contingencies (Note 30)
Stockholders’ deficit:    
Common stock, $0.0001 par value per share, 250,000,000 shares authorized as of June 30, 2026 and March 31, 2026; 8,488,485 shares and 7,433,991 shares issued and outstanding as of June 30, 2026 and March 31, 2026 respectively 848 743
Preferred stock, $0.0001 par value per share, 10,000,000 shares authorized as of June 30, 2026 and March 31, 2026; 1,825 shares and Nil shares issued and outstanding as of June 30, 2026 and March 31, 2026 respectively ^ [2] (0)
Shares pending issuance 166,538 166,538
Series A convertible units pending issuance 2,951,245
Additional paid-in capital 311,809,658 309,926,705
Accumulated deficit (353,164,517) (347,794,918)
Accumulated other comprehensive income 2,504,268 2,396,865
Total stockholders’ deficit (35,731,960) (35,304,067)
Total liabilities and stockholders’ deficit $ 3,181,071 $ 3,204,107
[1] Includes payables related to operating leases and the residual value of vehicles acquired from Ayvens India Private Limited (Formerly Leaseplan India Private Limited
[2] 0 represents value less than $1