v3.26.1
Bank loans
6 Months Ended 12 Months Ended
Oct. 31, 2025
Apr. 30, 2025
Debt Disclosure [Abstract]    
Bank loans

9 Bank loans

 

On August 11, 2022, the Company has acquired a 5-year S$270,000 temporary bridging loan which expires in August 2027. The bank loan which carries interest of 4.75% per annum is secured by joint and several guarantee by Andrew Yeo Eng Sian (former Chief Executive Officer) and Beh Hook Seng (Executive Chairman). As of April 30, 2025 and October 31, 2025, the carrying amount of the bank loan was S$133,979 and S$106,508 (US$81,852), respectively.

 

On November 4, 2022, the Company has acquired another 5-year S$500,000 secured fixed rate bank loan which expires in November 2027. The bank loan which carries interest of 7.75% per annum is secured by joint and several guarantee by Beh Hook Seng, Andrew Teo Eng Sian, Wong Teck Far and Chua Jun Hao, David. This loan has been fully paid in May 2024.

 

Interest expenses for the six months periods ended October 31, 2024 and 2025 are S$4,916 and S$2,919 (US$2,244), respectively.

 

The maturities schedule is as follows:

 

   Amount   Amount 
   S$   US$ 
   Unaudited   Unaudited 
Year ending October 31,          
2026   56,951    43,767 
2027   49,557    38,085 
   -    - 
Total   106,508    81,852 
Less: current portion   (56,951)   (43,767)
Long-term portion   49,557    38,085 

 

 

9 Bank loans

 

On August 11, 2022, the Company has acquired a 5-year S$270,000 temporary bridging loan which expires in July 2027. The bank loan which carries interest of 4.75% per annum is secured by joint and several guarantee by Andrew Yeo Eng Sian (Chief Executive Officer) and Beh Hook Seng (Executive Chairman). As of April 30, 2024 and 2025, the carrying amount of the bank loan was S$187,017 and S$133,979 (US$102,628), respectively.

 

On November 1, 2022, the Company has acquired another 5-year S$500,000 secured fixed rate bank loan which expires in November 2027. The bank loan which carries interest of 7.75% per annum is secured by joint and several guarantee by Beh Hook Seng, Andrew Yeo Eng Sian, Wong Teck Far and Chua Jun Hao, David. As of April 30, 2025, the bank loan has been fully paid.

 

Interest expenses for the years ended April 30, 2024 and 2025 are S$43,543 and S$8,463 (US$6,483), respectively.

 

The maturities schedule is as follows:

 

   Amount   Amount 
   S$   US$ 
Year ending April 30,          
2026   55,613    42,600 
2027   58,313    44,667 
2028   20,053    15,361 
Total   133,979    102,628 
Less: current portion   (55,613)   (42,600)
Long-term portion   78,366    60,028