v3.25.2
Finance Costs (Tables)
12 Months Ended
Dec. 31, 2024
Finance Costs [Abstract]  
Schedule of Finance Costs
    For the year ended December 31,  
    2023     2024  
    MYR     MYR     USD  
Bank charges     2,615       4,565       1,022  
Interest on lease liabilities     124,157       253,389       56,693  
Interest on redeemable convertible preference shares     360,407       1,384,065       309,669  
Interest on a related party loan (note(a))     17,081       27,260       6,099  
Interest on bank borrowing (note 14)     1,566       4,056       907  
Total finance costs     505,826       1,673,335       374,390  
(a) 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.