v3.25.2
Finance Costs - Schedule of Finance Costs (Details)
12 Months Ended
Dec. 31, 2024
MYR (RM)
Dec. 31, 2024
USD ($)
Dec. 31, 2023
MYR (RM)
Schedule of Finance Costs [Abstract]      
Bank charges RM 4,565 $ 1,022 RM 2,615
Interest on lease liabilities 253,389 56,693 124,157
Interest on redeemable convertible preference shares 1,384,065 309,669 360,407
Interest on a related party loan [1] 27,260 6,099 17,081
Interest on bank borrowing (note 14) 4,056 907 1,566
Total finance costs RM 1,673,335 $ 374,390 RM 505,826
[1] On May 1, 2023, Agroz Group entered into a borrowing agreement with HWG Cash Berhad (“HWG Cash”), a related party, who is also a minority shareholder of the Group (the “Borrowing Agreement”). Pursuant to the Borrowing Agreement, Agroz Group borrowed MYR 1,363,000 from HWG Cash, at an interest rate of two percent (2.0%) per annum and a maturity of 24 months, or on such other extended date mutually agreed between Agroz Group and the related party. In January 2024, HWG Cash ceased to be a shareholder of Agroz Group.