v3.26.1
Bank and Other Borrowings
12 Months Ended
Mar. 31, 2026
Bank and Other Borrowings [Abstract]  
BANK AND OTHER BORROWINGS

17. BANK AND OTHER BORROWINGS

 

Bank and other borrowings were as follows as of the respective balance sheet dates:

 

   As of 
   March 31,
2026
   March 31,
2025
 
   US$’000   US$’000 
Other borrowings from third parties (Note (a))   913    2,117 
    913    2,117 

 

(a)The other borrowings from third parties were unsecured, bear interest at fixed rates ranging from 5.25% to 15.00% per annum, and are repayable within 12 months from the balance sheet date. The borrowings are not subject to any financial covenants, are not secured by any company assets, and were not in default as of March 31, 2026.

 

The Company recognized interest expense of US$94,000 related to these borrowings during the year ended March 31, 2026. The outstanding principal balance of these borrowings as of March 31, 2026 was US$913,000.