Roadzen Inc
For the period ended Mar 31, 2024. Filed Jul 1, 2024.
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FY2024 · Filed Jul 1, 2024
Contents
Statements of Changes in Shareholders’ Deficit
Condensed Consolidated Statement of Mezzanine equity and Shareholders' deficit
| Shareholders' deficit | |||||||||
|---|---|---|---|---|---|---|---|---|---|
| Convertible preferred stock · Ordinary shares and additionalpaid in capital · Accumulated · DebentureRedemption · Stock based compensation · Accumulatedothercomprehensive · Totalshareholders' | |||||||||
| Shares · Amount · Shares · Amount · deficit · Reserve · loss · deficit | |||||||||
| Balance as of April 1, 2022 | 947,163 | 23,696,228 | 606,425 | 303,213 | (37,057,245) | — | — | (124,036) | (36,878,068) |
| Adjustments: | |||||||||
| Issuance of convertible preferred stock on conversion of convertible notes | 514,028 | 24,006,892 | — | — | — | — | — | — | — |
| Issuance of Series A1 stock during the year through rights issue | 2,956 | 458,000 | — | — | — | — | — | — | — |
| Exercise of preferred share warrants | 953 | 113,159 | — | — | — | — | — | — | — |
| Net profit attributable to ordinary shareholders | — | — | — | — | (14,024,268) | — | — | — | (14,024,268) |
| Other comprehensive income | — | — | — | — | — | — | — | 57,133 | 57,133 |
| Movement attributable to stock based Compensation Reserve | — | — | — | — | — | — | — | — | - |
| Impact of issuance/repayment of debenture | — | — | — | — | (366,786) | 366,786 | — | — | - |
| Balance as of March 31, 2023 | 1,465,100 | 48,274,279 | 606,425 | 303,213 | (51,448,299) | 366,786 | - | (66,903) | (50,845,203) |
| Balance as of April 1, 2023 | 1,465,100 | 48,274,279 | 606,425 | 303,213 | (51,448,299) | 366,786 | — | (66,903) | (50,845,203) |
| Adjustments: | |||||||||
| Retroactive application of Business Combination (Note 3) | 38,403,073 | — | 15,895,559 | — | — | — | — | — | - |
| Balance as of April 1, 2023 | 39,868,173 | 48,274,279 | 16,501,984 | 303,213 | (51,448,299) | 366,786 | — | (66,903) | (50,845,203) |
| Issuance of Series A1 stock during the period through rights issue* | 1,558,916 | 8,879,409 | — | — | — | — | — | — | - |
| Issuance of Series A1 stock during the period through conversion of loan* | 467,446 | 2,662,590 | |||||||
| Movement attributable to stock based Compensation Reserve | 56,303,135 | ||||||||
| Net profit attributable to ordinary shareholders | — | — | — | — | (99,669,335) | — | — | — | (99,669,335) |
| Other comprehensive income | — | — | — | — | - | — | — | (533,598) | (533,598) |
| Impact of issuance/repayment of debenture | — | — | — | — | 109,215 | (109,215) | — | — | - |
| Conversion of redeemable convertible preferred stock into ordinary shares upon Business Combination | (41,894,535) | (59,816,278) | 41,894,536 | 59,816,278 | - | — | — | — | 59,816,278 |
| Issuance of ordinary shares upon Business Combination | — | — | 10,044,309 | 24,854,887 | - | — | — | — | 24,854,887 |
| Balance as of March 31, 2024 | — | — | 68,440,829 | 84,974,378 | (151,008,419) | 257,571 | 56,303,135 | (600,501) | (10,073,836) |
*Issuance of shares through rights issue and conversion of loan made by Roadzen (DE) was converted at a conversion ratio of 1 share of common stock issued against 1 share of preferred stock and subsequently, these shares of common stock were converted at a conversion ratio of 27.21 shares for each share of Ordinary Shares of the company and these have been restated to give effect to the Business Combination.
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