| 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 | |
|