Debt (Tables)
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3 Months Ended |
Jun. 30, 2026 |
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| Debt [Abstract] |
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| Schedule of Long Term and Short Term Debt |
The components of long term and short term debt were as follows: (In USD)
As at | | Effective
interest
rates | | | Maturities* | | June 30,
2026 | | | March 31,
2026 | | | Current | | | | | | | | | | | | | From NBFCs | | | | | | | | | | | | | - Mahindra & Mahindra Financial Services Limited** | | | - | | | March 31, 2027 | | $ | 322,645 | | | $ | 344,977 | | | - TATA Motors Finance Limited | | | 11.44 | % | | May 31, 2027 | | | 1,053,626 | | | | 1,172,688 | | | - Kotak Mahindra Financial Services Limited** | | | 1.00 | % | | March 31, 2027 | | | 380,437 | | | | 370,416 | | | - Clix Finance India Private Limited** | | | 0.05 | % | | March 2, 2027 | | | 74,744 | | | | 71,085 | | | | | | | | | | | | | | | | | | | From Others | | | | | | | | | | | | | | | | - Honor PCF Trust I | | | 9.05 | % | | October 28, 2026 | | | 308,686 | | | | 552,278 | | | | | | | | | | | $ | 2,140,138 | | | $ | 2,511,444 | | | | | | | | | | | | | | | | | | | Total maturity for the period ending on June 30, 2027 | | | | | | | | | | | | | 2,140,138 | | | * | Maturities (except for TATA Motors Finance Limited and Honor PCF Trust I) have been stated as per estimated repayment timelines. The debts are not associated with any restrictive covenants. | | ** | These debts are past overdue based on the contractual maturities. |
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| Schedule of Unsecured Notes Payable |
The following is a summary of the Company’s Unsecured notes payable as of June 30, 2026 and March 31, 2026: (In USD)
As at | | June 30,
2026 | | | March 31,
2026 | | | Bridge notes | | $ | 823,373 | | | $ | 890,596 | | | Less: Discount and debt issuance cost on issuance, net of amortization | | | (63,155 | ) | | | (79,418 | ) | | Total | | $ | 760,218 | | | $ | 811,178 | |
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| Schedule of Bridge Notes |
The unamortized discount and issuance cost have been presented as net of the bridge notes liability. | Particulars | | Issue date | | Effective
Interest
Rates | | | Original maturity | | June 30,
2026 | | | March 31,
2026 | | | 1800 Diagonal Lending LLC | | June 23, 2025 | | | 62.00 | % | | March 30, 2026 | | $ | - | | | $ | 36,330 | | | Boot Capital LLC | | June 23, 2025 | | | 54.55 | % | | March 30, 2026 | | | - | | | | 14,005 | | | 1800 Diagonal Lending LLC | | July 31, 2025 | | | 51.72 | % | | May 31, 2026 | | | - | | | | 45,425 | | | Boot Capital LLC | | July 31, 2025 | | | 38.39 | % | | May 31, 2026 | | | - | | | | 17,329 | | | 1800 Diagonal Lending LLC | | November 28, 2025 | | | 57.83 | % | | September 30, 2026 | | | 44,082 | | | | 98,293 | | | Boot Capital LLC | | November 28, 2025 | | | 39.73 | % | | September 30, 2026 | | | 16,806 | | | | 37,955 | | | Firstfire Global Opportunities Fund, LLC | | December 10, 2025 | | | 26.91 | % | | December 10, 2026 | | | 113,764 | | | | 217,512 | | | Auctus Fund, LLC | | December 24, 2025 | | | 39.16 | % | | December 24, 2026 | | | 103,755 | | | | 111,035 | | | 1800 Diagonal Lending LLC | | February 25, 2026 | | | 42.96 | % | | December 30, 2026 | | | 172,710 | | | | 156,002 | | | Boot Capital LLC | | February 25, 2026 | | | 32.80 | % | | December 30, 2026 | | | 83,613 | | | | 77,292 | | | 1800 Diagonal Lending LLC | | June 4, 2026 | | | 44.55 | % | | March 30, 2027 | | | 154,760 | | | | - | | | SOD Sciences, Inc. | | April 23, 2026 | | | 0.00 | % | | May 22, 2026 | | | 22,500 | | | | - | | | SOD Sciences, Inc. | | May 5, 2026 | | | 0.00 | % | | June 4, 2026 | | | 48,228 | | | | - | | | | | | | | | | | | | $ | 760,218 | | | $ | 811,178 | |
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| Schedule of Convertible Redeemable Notes Payable |
The following is a summary of the Company’s Convertible Redeemable notes payable as of June 30, 2026 and March 31, 2025: (In USD)
As at | | June 30,
2026 | | | March 31, 2026 | | | Convertible Redeemable notes | | $ | 191,353 | | | $ | 277,882 | | | Less: Discount and debt issuance cost on issuance, net of amortization | | | (4,020 | ) | | | (15,047 | ) | | | | | | | | | | | | Promissory note | | $ | 200,000 | | | $ | 194,128 | | | Less: Discount and debt issuance cost on issuance, net of amortization | | | (1,195 | ) | | | (5,615 | ) | | Total | | $ | 386,138 | | | $ | 451,348 | |
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