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Property and Equipment, net
 12 Months Ended
Mar. 31, 2024
Property, Plant and Equipment [Abstract]  
Property and Equipment, net

6. Property and Equipment, net

 

Property and Equipment, stated at cost less accumulated depreciation, consisted of the following as of March 31:

   

   2024   2023 
   As of March 31 
   2024   2023 
   USD   USD 
         
Equipment - Machineries   102,006    93,205 
Less: accumulated depreciation   (88,318)   (81,282)
Equipment - Machineries, net   13,688    11,923 
           
Equipment – Motor vehicle   90,129    - 
Less: accumulated depreciation   (15,112)   - 
Equipment - Motor vehicle, net   75,017    - 
           
Property   

1,138,461

    - 
Less: accumulated depreciation   (4,066)   - 
Property, net   1,134,395    - 
           
Property and Equipment, net   1,223,100    11,923 

 

Depreciation expenses of property and equipment totaled USD26,214, USD5,001 and USD7,772 for the years ended March 31, 2024, 2023 and 2022, respectively.

 

During the years ended March 31, 2024, 2023 and 2022, no property and equipment was disposed and impaired.

 

As of March 31, 2024, the property was a security for granting general banking facility in the amount of USD562,694 (2023: nil).