| Schedule of Net Periodic Benefit Cost |
The following table sets forth a summary of net periodic benefit cost for the years ended March 31, 2026, 2025 and 2024: | | | Year Ended March 31, | | | | | 2026 | | | 2025 | | | 2024 | | | Interest cost | | $ | 542 | | | $ | 1,390 | | | | 4,004 | | | Current service cost | | | 6,197 | | | | 17,416 | | | | 39,295 | | | Gain on settlement | | | (34,373 | ) | | | (81,046 | ) | | | (18,150 | ) | | Recognized net actuarial (gains) losses | | | 500 | | | | (23,832 | ) | | | 12,715 | | | Net periodic benefit cost | | $ | (27,134 | ) | | $ | (86,072 | ) | | | 37,864 | | | | | 2026 | | | 2025 | | | 2024 | | | Actuarial assumptions used to determine net cost: | | | | | | | | | | | Discount rate | | | 2.27% - 3.58 | % | | | 2.88% - 3.64 | % | | | 3.48% – 4.30 | % | | Expected return on assets | | | 4.00 | % | | | 3.00% - 3.64 | % | | | 3.48% – 4.30 | % | | Rate of increase in salary | | | 2.50 | % | | | 2.50 | % | | | 2.50 | % |
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| Schedule of Future Benefit Payments under the Plans for the Next Ten Years are Estimated |
Undiscounted Future benefit payments under the plans for the next ten years are estimated as follows: | For the year ending March 31, | | | | | 2027 | | $ | 41,280 | | | 2028 | | | — | | | 2029 | | | — | | | 2030 | | | 9,445 | | | 2031 | | | 11,366 | | | 2032 – 2036 | | | 85,124 | | | Total | | $ | 147,215 | |
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| Schedule of Provide a Reconciliation of the Changes in the Benefit Obligations |
The following tables provide a reconciliation of the changes in the benefit obligations for the years ended March 31, 2026, 2025 and 2024, and a summary of the funded status as of March 31, 2026 and 2025: | | | Year Ended March 31, | | | | | 2026 | | | 2025 | | | 2024 | | | Change in Benefit Obligations, (net) | | | | | | | | | | | Balance at beginning of year | | $ | 60,829 | | | $ | 146,191 | | | $ | 107,956 | | | Interest cost | | | 542 | | | | 1,390 | | | | 4,004 | | | Current service cost | | | 6,197 | | | | 17,416 | | | | 39,295 | | | Gain on settlement | | | (34,373 | ) | | | (81,046 | ) | | | (18,150 | ) | | Benefit paid | | | (862 | ) | | | — | | | | — | | | Actuarial (gain) loss | | | 500 | | | | (23,832 | ) | | | 12,715 | | | Exchange difference | | | (349 | ) | | | 710 | | | | 371 | | | Balance at end of year | | $ | 32,484 | | | $ | 60,829 | | | $ | 146,191 | | | | | 2026 | | | 2025 | | | Gross long service payment obligation | | $ | (48,522 | ) | | $ | (96,934 | ) | | Add: Attributed contributions | | | 16,038 | | | | 36,105 | | | Total net unfunded amount recognized in consolidated balance sheets | | $ | (32,484 | ) | | $ | (60,829 | ) | | | | | | | | | | | | Net unfunded amounts recognized in consolidated balance sheets consist of: | | | | | | | | | | Current liabilities included in accrued expenses and other current liabilities | | $ | (21,429 | ) | | $ | (26,467 | ) | | Long-term liabilities included in other long-term liabilities, net of current portion | | | (11,055 | ) | | | (34,362 | ) | | Total net unfunded amount recognized in consolidated balance sheets | | $ | (32,484 | ) | | $ | (60,829 | ) |
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