v3.26.1
Financial Instruments - Fair Value Measurements
 3 Months Ended
Jun. 30, 2026
Financial Instruments - Fair Value Measurements [Abstract]  
Financial Instruments - Fair Value Measurements
29 Financial Instruments - Fair Value Measurements

 

ASC Topic 820, “Fair Value Measurements and Disclosures” (“ASC 820”) defines fair value as the price that would be received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement date and in the principal or most advantageous market for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing the asset or liability as against assumptions specific to the entity. In addition, the fair value of liabilities should include consideration of non-performance risk, including the Company’s own credit risk.

 

The carrying value of financial instruments not carried at fair value by categories are as below:

 

As at   June 30,
2026		     March 31,
2026		  
    Carrying value     Carrying value  
Financial assets            
Cash and cash equivalents   $ 405,441     $ 328,586  
Accounts receivable     73,634       100,167  
Long term investments     21,417       21,066  
Other financial assets     227,614       230,981  
Total assets   $ 728,106     $ 680,800  
                 
Financial liabilities                
Accounts payable   $ 24,338,839     $ 22,637,202  
Debt     2,140,138       2,511,444  
Operating lease     771,026       827,414  
Finance lease     1,521,842       2,058,281  
Unsecured notes     760,218       811,178  
Convertible notes     386,138       451,348  
Redeemable promissory note     30,145       -  
Other financial liabilities     1,088,218       1,289,771  
Total liabilities   $ 31,036,564     $ 30,586,638  

 

The following tables present information about the Company’s financial assets and liabilities measured at fair value on a recurring basis:

 

    June 30, 2026  
    Total
Carrying
value		     Level 1     Level 2     Level 3  
                         
Assets:                                
Assets previously held for sale   $ 212,896     $ -     $ 212,896     $ -  
Liabilities:                                
Atalaya Note   $ 6,534,456     $ -     $ -     $ 6,534,456  

 

    March 31, 2026  
    Total
Carrying
value		     Level 1     Level 2     Level 3  
Assets:                        
Assets previously held for sale   $ 213,875     $ -     $ 213,875     $ -  
Liabilities:                                
Atalaya Note   $ 6,554,074     $ -     $ -     $ 6,554,074  

 

Level 2: The fair value of Assets held for sale not traded in an active market is determined using the quoted prices in markets that are not active or inputs other than the quoted prices that are observable either directly or indirectly considering all the relevant factors of assets.

 

The Company’s recurring Level 3 financial instruments within the Company’s fair value hierarchy as of June 30, 2026 consist of Company’s unsecured convertible note.

 

The changes in the fair value are summarized below:

 

   

Unsecured
Convertible
Note

(‘Atalaya Note’)

  
       
Balance as of April 1, 2025     6,002,269  
Change in fair value of unsecured convertible note     134,582  
Balance as of June 30, 2025   $ 6,136,851  
         
Balance as of April 1, 2026     6,554,074  
Change in fair value of unsecured convertible note     134,582  
Repayment of unsecured convertible note     (154,200 )
Balance as of June 30, 2026   $ 6,534,456  

 

During the period ended June 30, 2026 and June 30, 2025 , there were no non-recurring fair value measure of assets or liabilities subsequent to initial recognition.