v3.26.1
Property, Plant, and Equipment, Net
 12 Months Ended
Mar. 31, 2026
Property, Plant, and Equipment, Net [Abstract]  
PROPERTY, PLANT, AND EQUIPMENT, NET

NOTE 8 – PROPERTY, PLANT, AND EQUIPMENT, NET

 

Property, plant, and equipment, net consisted of the following:

 

   As of
March 31,
2026		   As of
March 31,
2025		 
Land  $2,200,334   $2,200,334 
Property and buildings   24,737,536    21,158,457 
Equipment and machinery   15,149,498    13,540,863 
Office and electric equipment   1,569,943    1,484,093 
Automobiles   1,417,113    1,382,946 
Leasehold improvements   4,665,845    4,513,590 
Subtotal   49,740,269    44,280,283 
Less: Accumulated depreciation and amortization   (22,351,570)   (19,256,602)
Property, plant, and equipment, net  $27,388,699   $25,023,681 

 

On February 2, 2026, Jerash Garments received the approval from the Housing Bank for Trade and Finance (the “Housing Bank”) of a property purchase request (the “Property Purchase Request”) submitted by Jerash Garments to the Housing Bank on January 20, 2026 for the purchase of a manufacturing building and associated land (the “Property”) located on Property No. 1326, Basin No. 3 Abu Sawwana, Al-Ruqaim Village, from the lands of South Amman, Jordan. The purchase price is JOD 2,400,000 (approximately $3,384,000). The purchase was completed on February 19, 2026.

 

For the fiscal years ended March 31, 2026 and 2025, depreciation and amortization expenses were $3,074,963 and $2,681,709, respectively.