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Subsequent Events | 6 Months Ended
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Sep. 30, 2023
Subsequent Events [Abstract] |
SUBSEQUENT EVENTS | NOTE 18 – SUBSEQUENT EVENTS On November 3, 2023, the Board of Directors approved the payment of a dividend of $0.05 per share, payable on November 28, 2023 to stockholders of record as of the close of business on November 14, 2023. On October 10, 2023, Treasure Success entered into an agreement with Newtech Textile (HK) Limited to form a jointly own subsidiary Jerash Newtech (Hong Kong) Holdings Limited (“Jerash Newtech”). Pursuant to the agreement, the share capital of Jerash Newtech will be $100,000. Treasure Success, as a shareholder of Jerash Newtech, is required to contribute $51,000 to acquire 51% of the equity interests in Jerash Newtech. Jerash Newtech will establish a fabric facility in Jordan and approximate $29.9 million of capital expenditure is forecasted. Treasure Success and Newtech Textile (HK) Limited will inject capital expenditures in two phases according to their respective shareholding proportions and conditions.

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- Definition The entire disclosure for significant events or transactions that occurred after the balance sheet date through the date the financial statements were issued or the date the financial statements were available to be issued. Examples include: the sale of a capital stock issue, purchase of a business, settlement of litigation, catastrophic loss, significant foreign exchange rate changes, loans to insiders or affiliates, and transactions not in the ordinary course of business. + References Reference 1: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -Name Accounting Standards Codification -Publisher FASB -URI https://asc.fasb.org//855/tableOfContent Reference 2: http://www.xbrl.org/2003/role/disclosureRef -Topic 855 -SubTopic 10 -Name Accounting Standards Codification -Section 50 -Paragraph 2 -Subparagraph (a) -Publisher FASB -URI https://asc.fasb.org//1943274/2147483399/855-10-50-2 + Details
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