Annual report [Section 13 and 15(d), not S-K Item 405]

ACQUISITIONS OF SUBSIDIARIES

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ACQUISITIONS OF SUBSIDIARIES
 12 Months Ended
Mar. 31, 2026
Business Combination, Asset Acquisition, Transaction between Entities under Common Control, and Joint Venture Formation [Abstract]  
ACQUISITIONS OF SUBSIDIARIES ACQUISITIONS OF SUBSIDIARIES
Acquisition of Freedom Cloud Holding
On April 30, 2025, the Company acquired 100% interest in Astel Group Ltd. (subsequently renamed on January 8, 2026 to Freedom Cloud Holding). Astel Group Ltd. is a provider of digital solutions and telecommunications services, and ranks among the largest telecom operators in Kazakhstan. Astel Group Ltd. provides advanced IT solutions including information security and cloud services.
The purpose of the acquisition of Astel Group Ltd. was to use the acquired assets and licenses to develop our telecommunications business.

As of April 30, 2025, the date of the acquisition of Astel Group Ltd., the fair value of net assets of Astel Group Ltd. was 21,646. The total purchase price was allocated as follows:
As of April 30, 2025
ASSETS
Cash and cash equivalents 7,631 
Margin lending, brokerage and other receivables, net 5,047 
Fixed assets, net 7,470 
Current income tax asset 433 
Right-of-use asset 92 
Other assets, net 3,255 
TOTAL ASSETS 23,928 
LIABILITIES
Margin lending and trade payables 1,139 
Lease liabilities 92 
Other liabilities 1,051 
TOTAL LIABILITIES 2,282 
Net assets acquired 21,646 
Goodwill 997 
Total purchase price 22,643