v3.25.2
Redeemable Convertible Preference Shares (Tables)
12 Months Ended
Dec. 31, 2024
Redeemable Convertible Preference Shares [Abstract]  
Schedule of Redeemable Convertible Preference Shares
   As of
December 31,
2023
   As of
December 31,
2024
 
   MYR   MYR   USD 
- Non-current   6,483,536    6,213,040    1,390,097 
- Current   
    3,377,330    755,640 
    6,483,536    9,590,370    2,145,737 
Schedule of Preference Shares Activities

The Group’s preference shares activities for the year ended December 31, 2023 and 2024 are summarized below:

 

   Agroz Inc. RCPS   Agroz Group RCPS     
   (note (b))   (note (a))     
   No. of
shares
   Amount   No. of
shares
   Amount   Total
Amount
 
As of January 1, 2023   
    
    2,500,000    2,500,000    2,500,000 
Issuance   604,870    6,942,953    500,000    500,000    7,442,953 
Redemption   
    
    (3,000,000)   (3,000,000)   (3,000,000)
Equity component   
    (459,417)   
    
    (459,417)
As of December 31, 2023 and January 1, 2024   604,870    6,483,536    
    
    6,483,536 
Issuance   714,979    7,989,890    
    
    7,989,890 
Conversion   (419,929)   (4,389,989)   
    
    (4,389,989)
Equity component   
    (321,679)   
    
    (321,679)
Foreign exchange loss       (171,388)       
    (171,388)
As of December 31, 2024   899,920    9,590,370    
    
    9,590,370 
As of December 31, 2024 (USD )   899,920    2,145,737    
    
    2,145,737 
Schedule of Fair Value of a Similar Liability on Initial Recognition

The key valuation assumptions used to determine the fair value of a similar liability on initial recognition are as follows:

 

   December 22,
2023
   January 10,
2024
   March 20,
2024
   June 6,
2024
   September 18,
2024
   October 23,
2024
 
   (date of
issuance)
   (date of
issuance)
   (date of
issuance)
   (date of
issuance)
   (date of
issuance)
   (date of
issuance)
 
Credit spread   7.60%   7.84%   7.86%   7.22%   6.58%   5.63%
Risk free rate   4.32%   4.38%   4.64%   4.74%   3.62%   4.07%
Country risk premium   1.31%   1.31%   1.31%   1.31%   1.19%   1.19%
Liquidity premium   0.68%   0.68%   0.68%   0.68%   0.68%   0.68%
Credit rating   B to below CCC    B to below CCC    B to below CCC    B to below CCC    B to below CCC    B to below CCC