v3.25.2
Equity (Tables)
12 Months Ended
Mar. 31, 2025
Equity [Abstract]  
Schedule of Outstanding Share Purchase Warrants

A continuity schedule of outstanding share purchase warrants and fair value charged to profit or loss are as follows:

 

  

Number of
warrants

outstanding

 
     
Balance – April 1, 2023   32,600,000 
Issued   300,000 
Balance – March 31, 2024, April 1, 2024   32,900,000 
Early termination   (14,000,000)
Balance – March 31, 2024, April 1, 2024 and March 31, 2025   18,900,000 
Schedule of Assumptions in Calculating the Fair Value of the Warrants

The Company’s share purchase warrants are valued by independent professional qualified valuer by using binomial option pricing models. The inputs into the model were as follows:

 

   As of
March 31,
2025
   As of
March 31,
2024
   As of
March 31,
2023
            
Risk-free interest rate   3.8%   3.80%  2.66%-3.80%
Expected life of warrants   3 years    4 years   4-9 years
Volatility   81.89%   81.89%  101.58%-121.32%
Weighted average fair value per warrant (US$)   1.37    1.37   0.12-0.48
Risk-free interest rate   3.8%   3.8%  2.66%-3.80%
Schedule of Company Share Purchase Warrants Outstanding

As of March 31, 2025 and 2024, the Company had share purchase warrants outstanding as follows:

 

   Warrants
outstanding
as of
March 31,
2024
   Termination   Warrants
outstanding
as of
March 31,
2025
   Fair value at
issue date
   Fair value
charged for
current year
   Exercise
price
   Weighted
average
remaining
life
 
Expiry Date              US$   US$   US$   (years) 
October 29, 2031   3,500,000    (3,500,000)   
    4,515,601      
                     —
   1    
 
October 29, 2031   3,500,000    (3,500,000)   
    4,229,191    
   1.5    
 
October 29, 2031   7,000,000    (7,000,000)   
    7,500,124    1,323,807   2.5    
 
October 27, 2026   1,800,000    
    1,800,000    1,353,304    
   1.5    2 
October 29, 2026   2,000,000    
    2,000,000    1,417,766    
   1.5    2 
May 10, 2027   200,000    
    200,000    84,000    
   1.5    3 
May 26, 2027   500,000    
    500,000    238,000    
   1.5    3 
July 22, 2027   440,000    
    440,000    163,000    7,555   1    3 
July 25, 2027   3,780,000    
    3,780,000    1,405,000    65,398   1    3 
July 26, 2027   400,000    
    400,000    146,000    6,806   1    3 
July 27, 2027   1,000,000    
    1,000,000    379,000    17,691   1    3 
July 28, 2027   980,000    
    980,000    376,000    17,575   1    3 
November 28, 2027   1,125,000    
    1,125,000    264,000    
   1    3 
November 28, 2027   1,125,000    
    1,125,000    274,000    
   1    3 
November 28, 2027   1,125,000    
    1,125,000    289,000    29,695   1    3 
November 28, 2027   1,125,000    
    1,125,000    303,000    100,032   1    3 
November 28, 2032   750,000    
    750,000    263,000    
   1.5    8 
November 28, 2032   250,000    
    250,000    89,000    
   1.5    8 
November 28, 2032   500,000    
    500,000    165,000    
   2.5    8 
November 28, 2032   500,000    
    500,000    169,000    17,365   2.5    8 
November 28, 2032   250,000    
    250,000    87,000    8,939   6    8 
November 28, 2032   750,000    
    750,000    258,000    85,175   6    8 
December 23, 2028   300,000    
    300,000    411,403    
   1    3 
 Total   32,900,000    (14,000,000)   18,900,000    24,379,389    1,680,038          
Schedule of Movement of Respective Share Purchase Warrants and Issuance of Employee Share Incentive Plan

Movement of respective share purchase warrants was shown below:

 

   Share purchase
warrants
 
   2025   2024 
   US$   US$ 
As of April 1   22,699,351    16,240,100 
Additions and recognized in profit or loss   1,680,038    6,459,251 
As of March 31   24,379,389    22,699,351 
Schedule of 2022 Performance Incentive Plan Under the Plan, an aggregate of 3,300,000 ordinary shares of US$0.0001 par value each of the Company are reserved for issuance for purposes of the Plan, subject to adjustments as contemplated by the Plan.
   Number of share
award grant
 
   2025   2024 
   US$   US$ 
As of April 1   
    1,650,000 
Exercised during the year   
    (1,650,000)
As of March 31