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Reclassification of Prior Period Amounts

12 Months Ended

Mar. 31, 2026

Reclassification of Prior Period Amounts [Abstract]

RECLASSIFICATION OF PRIOR PERIOD AMOUNTS

NOTE 26 – RECLASSIFICATION OF PRIOR PERIOD AMOUNTS

In connection with the preparation of the consolidated financial statements for the year ended March 31, 2026, management reassessed the classification of certain lease arrangements under ASC 842, Leases.

Based on the reassessment, certain lease arrangements previously presented as finance leases in the consolidated financial statements for the years ended March 31, 2025 and 2024 have been reclassified as operating leases to conform with the current year presentation.

The reclassification affected the presentation of certain lease-related amounts within the consolidated financial statements and related disclosures. The reclassification had not effect on previously reported net income, earnings per share, total assets, total liabilities, shareholders’ equity, or net cash provided by (used in) operating, investing and financing activities.

Consolidated And Combined Balance Sheets as of March 31, 2025

		2025
		Original				Reclassification				Final
		US$				US$				US$
Non-current assets
Right-of-use assets under – financing leases			328,203				(328,203	)			-
Right-of-use assets under – operating leases			-				328,203				328,203
Current liabilities
Current lease liabilities under finance lease			175,315				(175,315	)			-
Current lease liabilities under operating lease			-				175,315				175,315
Non-current liabilities
Non-current lease liabilities under finance lease			848,859				(848,859	)			-
Non-current lease liabilities under operating lease			-				848,859				848,859

Consolidated and Combined Statement of Operations and Comprehensive Income for the year ended March 31, 2025

						2025
		Original				Reclassification				Final
		US$				US$				US$
General and administrative expenses			1,669,513				15,870				1,685,383
Interest expenses			76,564				(15,870	)			60,694

Consolidated and Combined Statement of Operations and Comprehensive Income for the year ended March 31, 2024

		2024
		Original				Reclassification				Final
		US$				US$				US$
General and administrative expenses			1,239,981				19,860				1,259,841
Interest expenses			55,550				(19,860	)			35,690

Consolidated And Combined Statement of Cash Flow for the year ended March 31, 2025

						2025
		Original				Reclassification				Final
		US$				US$				US$
Operating activities
Income tax expenses			52,755				(52,755	)			-
Interest income			(91,214	)			91,214				-
Interest expenses			76,564				(76,564	)			-
Tax payable			-				(137,471	)			(137,471	)
Income taxes (paid)/refunded			(301,899	)			301,899				-
Investing activities
Interest received			91,214				(91,214	)			-
Financing activities
Proceeds from new bank borrowings			600,785				(2,158	)			598,627
Repayment of bank borrowings			(189,129	)			679				(188,450	)
Interest paid on bank borrowing			(60,541	)			60,541				-
Other interest paid			(153	)			153				-
Payments of principal portion of lease liabilities			(152,001	)			152,001				-
Payments of interest portion of lease liabilities			(15,870	)			15,870				-

Consolidated And Combined Statement of Cash Flow for the year ended March 31, 2024

						2024
		Original				Reclassification				Final
		US$				US$				US$
Operating activities
Income tax expenses			144,647				(144,647	)			-
Interest income			(66,403	)			66,403				-
Interest expenses			55,550				(55,550	)			-
Unrealized foreign exchange gain			(148,160	)			148,160				-
Tax payable			-				136,630				136,630
Income taxes (paid)/refunded			4,599				(4,599	)			-
Investing activities
Interest received			66,403				(66,403	)			-
Financing activities
Advance from related parties			1,333,666								-
Repayments to related parties			(3,911,139	)							-
Proceeds from new bank borrowings			553,096				(45,321	)			507,775
Repayment of bank borrowings			(206,611	)			45,321				(161,290	)
Interest paid on bank borrowing			(35,673	)			35,673				-
Other interest paid			(17	)			17				-
Payments of principal portion of lease liabilities			(179,532	)			179,532				-
Payments of interest portion of lease liabilities			(19,860	)			19,860				-

X

- Definition

The entire disclosure for any adjustments made during the period to avoid double counting in comprehensive income items displayed as part of net income that also had been displayed as part of other comprehensive income in that period or earlier periods. These adjustments include reclassifications to net income of items in accumulated comprehensive income, such as deferred gains or losses on qualifying hedges when hedged item reported in net income, holding gains or losses on available-for-sale securities transferred into trading category, unrealized holding gains or losses on debt securities transferred from held-to-maturity category into available-for-sale category and accumulated translation adjustment attributable to foreign subsidiary or investment in foreign entity upon sale or liquidation.

+ References

Reference 1: http://fasb.org/us-gaap/role/ref/legacyRef
-Topic 220
-Name Accounting Standards Codification
-Publisher FASB
-URI https://asc.fasb.org/220/tableOfContent

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- References

No definition available.

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