Annual report pursuant to Section 13 and 15(d)

MARGIN LENDING AND TRADE PAYABLES

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MARGIN LENDING AND TRADE PAYABLES
 12 Months Ended
Mar. 31, 2024
Accounts Payable [Abstract]  
MARGIN LENDING AND TRADE PAYABLES MARGIN LENDING AND TRADE PAYABLES
As of March 31, 2024 and 2023, margin lending and trade payables of the Group were comprised of the following:
March 31, 2024 March 31, 2023
Margin lending payable $ 839,454  $ 117,144 
Payables to merchants 13,475  382 
Payables to suppliers of goods and services 10,525  2,965 
Trade payable for securities purchased 485  482 
Other 3,941  1,927 
Total margin lending and trade payables $ 867,880  $ 122,900 
As of March 31, 2024 there were no margin lending payable to any related party. As of March 31, 2023, margin lending payable to a single related party amounted to $3,239, which represented 3% of the total margin lending payable.
The fair value of collateral by the Group under margin loans as of March 31, 2024, and 2023 was $2,400,361 and $164,861, respectively.