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Lease Liabilities | 12 Months Ended
--- | ---
Mar. 31, 2026
Lease Liabilities [Abstract] |
LEASE LIABILITIES |
11 | LEASE LIABILITIES
|  | As of 31 March 2025 |  |  | As of 31 March 2026 |
|  | USD’000 |  |  | USD’000 |
Maturity analysis |  |  |  |  |  |  |  |
Year 1 |  |  | 473 |  |  |  | 564 |
Year 2 |  |  | 473 |  |  |  | 650 |
Year 3 |  |  | 473 |  |  |  | 466 |
Year 4 |  |  | 473 |  |  |  | — |
Less: Future interest expense |  |  | (211 | ) |  |  | (138 | )
|  |  | 1,681 |  |  |  | 1,542 |
Analyzed as: |  |  |  |  |  |  |  |
Current |  |  | 382 |  |  |  | 487 |
Non-current |  |  | 1,299 |  |  |  | 1,055 |
|  |  | 1,681 |  |  |  | 1,542 |
The Company leases office premises for the purpose of its operations for management and leases a motor vehicle for lease terms of 5 years (March 31, 2025: 5 years) and 2 years (March 31, 2025: Nil) respectively. There is no extension options for lease of office premise. The Company will renegotiate with the landlord upon expiration of the rental agreement. The movements of lease liabilities during the financial period are as follows:
|  | As of 31 March 2025 |  |  | As of 31 March 2026 |
|  | USD’000 |  |  | USD’000 |
As at 1 April |  |  | — |  |  |  | 1,681 |
Interest charged for the year |  |  | 116 |  |  |  | 93 |
Additions |  |  | 2,043 |  |  |  | 278 |
Exchange differences |  |  | (1 | ) |  |  | (27 | )
Payments of: |  |  |  |  |  |  |  |
- Principal |  |  | (361 | ) |  |  | (390 | )
- Interest expense |  |  | (116 | ) |  |  | (93 | )
As at 31 March |  |  | 1,681 |  |  |  | 1,542 |
The Company determines the lease term of a lease as the non-cancellable period of the lease. Any differences in expectations from the original estimates would impact the carrying amounts of the lease liabilities of the Company. The lease payments are discounted using the annual incremental borrowing rates of the Company ranging from 4.54% to 6.25% (March 31, 2025: 6.25% to 10.40%). Expenses relating to leases of low-value assets and short-term leases (included in other expenses) are as follows:
|  | March 31, 2024 |  |  | March 31, 2025 |  |  | March 31, 2026 |
|  | USD’000 |  |  | USD’000 |  |  | USD’000 |
Rental expenses on: |  |  |  |  |  |  |  |  |
Equipment |  |  | 2 |  |  |  | 2 |  |  |  | 2 |
Premises |  |  | 200 |  |  |  | 58 |  |  |  | 50 |
Total |  |  | 202 |  |  |  | 60 |  |  |  | 52 |
The Company has elected not to recognize right-of-use assets and lease liabilities for short-term leases that have lease terms of 12 months or less and leases of low value leases. Lease payments relating to these leases are expensed to statements of income on a straight-line basis over the lease term.

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- Definition The entire disclosure for leases. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2025-01-01 -Section Presentation -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2025-en-r&doctype=Standard&dita_xref=IFRS16_g47-50_TI -URIDate 2025-03-27 Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Name IFRS -Number 16 -IssueDate 2025-01-01 -Section Disclosure -URI https://taxonomy.ifrs.org/xifrs-link?type=IFRS&num=16&code=ifrs-tx-2025-en-r&doctype=Standard&dita_xref=IFRS16_g51-60_TI -URIDate 2025-03-27 + Details
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- References No definition available. + Details
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