| Schedule of significant transactions and balances due to and from related parties |
| Schedule of significant transactions and balances due to and from related parties |
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Three Months Ended
September 30, |
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Six Months Ended
September 30 |
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2024 |
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2023 |
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2024 |
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2023 |
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| Cost sharing arrangements |
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| Aeries Financial Technologies Private Limited (b) |
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42 |
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52 |
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89 |
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101 |
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| Bhanix Finance And Investment Limited (b) |
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34 |
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25 |
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60 |
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60 |
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| Corporate guarantee commission |
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| Bhanix Finance And Investment Limited |
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- |
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- |
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- |
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2 |
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| Corporate guarantee expense |
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| Aeries Technology Products And Strategies Private Limited (j) |
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- |
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- |
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- |
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2 |
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| Interest expense |
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| Aeries Technology Products And Strategies Private Limited (d) |
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23 |
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9 |
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43 |
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14 |
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| Mr. Vaibhav Rao (g) |
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21 |
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21 |
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42 |
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42 |
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| Interest income |
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| Aeries Financial Technologies Private Limited (f), (h) |
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4 |
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41 |
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8 |
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80 |
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| Aeries Technology Products And Strategies Private Limited (e), (h) |
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25 |
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28 |
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47 |
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53 |
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| Legal and professional fees paid |
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| Ralak Consulting LLP (c) |
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77 |
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134 |
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154 |
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213 |
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| Management consultancy service |
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| Aark II Pte Limited (a) |
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757 |
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832 |
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1,503 |
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1,702 |
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| TSLC Pte Limited (a) |
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- |
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88 |
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- |
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88 |
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| Office management and support services expense |
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| Aeries Technology Products And Strategies Private Limited (i) |
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15 |
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26 |
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29 |
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75 |
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September 30, |
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March 31, |
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2024 |
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2024 |
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| Accounts payable |
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| Aeries Technology Products And Strategies Private Limited (i) |
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$ |
30 |
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$ |
9 |
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| Accounts receivable |
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| Aark II Pte Limited (a) |
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501 |
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629 |
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| Aeries Financial Technologies Private Limited (b) |
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10 |
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11 |
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| Bhanix Finance And Investment Limited (b) |
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52 |
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17 |
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| TSLC Pte Limited (a) |
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128 |
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128 |
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| Interest payable (classified under other current liabilities) |
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| Aeries Technology Products And Strategies Private Limited (d) |
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28 |
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- |
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| Interest receivable (classified under prepaid expenses and other current assets) |
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| Aeries Technology Products And Strategies Private Limited (e) |
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30 |
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- |
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| Investment in 0.001% Series-A Redeemable preference share |
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| Aeries Financial Technologies Private Limited (h) |
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1,018 |
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939 |
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| Investment in 10% Cumulative redeemable preference shares |
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| Aeries Technology Products And Strategies Private Limited (h) |
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817 |
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792 |
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| Loan from Members of immediate families of Venu Raman Kumar |
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| Mr. Vaibhav Rao (g) |
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829 |
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834 |
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| Loans from affiliates |
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| Aeries Technology Products and Strategies Private Limited (d) |
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495 |
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498 |
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| Loans to affiliates (classified under other assets) |
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| Aeries Financial Technologies Private Limited (f) |
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104 |
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105 |
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| Aeries Technology Products And Strategies Private Limited (e) |
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567 |
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558 |
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| (a) |
The Company provided management consulting services to Aark II Pte Ltd under an agreement dated June 21, 2021 and its amendments thereof and to TSLC Pte Ltd under an agreement dated July 12, 2021. |
| (b) |
The Company was in a cost sharing arrangement with Aeries Financial Technologies Private Ltd and Bhanix Finance and Investment Ltd under separate agreements dated April 1, 2020. The cost sharing arrangement included costs in the areas of office management, IT and operations. The agreements are for a 36-month term with auto renewals after the original term. |
| (c) |
The Company availed consulting services including implementation services in business restructuring, risk management, feasibility studies, mergers & acquisitions etc. from Ralak Consulting LLP via agreement dated April 1, 2022. |
| (d) |
The Company incurred interest expense in relation to loans taken from ATPSPL, which were borrowed to meet working capital requirements. The loans were for a 3-year term and were issued at an interest rate of 12% per annum. |
| (e) |
The Company received interest income in relation to loans given to affiliates to support their working capital requirements. The loans were for a 3-year term and issued at an interest rate of 12% per annum. |
| (f) |
The Company received interest income in relation to loans given to affiliates to support their working capital requirements. The loans were for a 3-year term and issued at an interest rate of 15-17% per annum. |
| (g) |
The Company obtained a loan at 10% interest rate from Vaibhav Rao for business purposes. The agreement shall remain valid until the principal amount along with interest is fully repaid. The principal amount of the loan was outstanding in entirety as of September 30, 2024. |
| (h) |
This amount represents investments in affiliates. The Company earned interest income on its investments in affiliates. |
| (i) |
The Company availed management consulting services from ATPSPL under agreements dated March 20, 2020 and April 1, 2021. |
| (j) |
ATPSPL gave corporate guarantee of INR 240,000 (or approximately $2,864 at the exchange rate in effect on September 30, 2024) on behalf of the Company towards the revolving credit facility availed. ATPSPL charges a corporate guarantee commission of 0.5% on the total corporate guarantee given. The guarantee was withdrawn during the year ended March 31, 2024. |
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