| Schedule of Non-Cancellable Lease Contracts |
As of March 31, 2026, the Company had the following non-cancellable
lease contracts:
| Description of lease | | Lease term | | Office lease at 31 Jurong Port Road #02-20 Jurong Logistics Hub Singapore 619115 | | 3 years | | Warehouse lease at 31 Jurong Port Road #01-25/26/27/28/29/30 Jurong Logistics Hub Singapore 619115 | | 6 years | | Photocopier machine | | 5 years |
|
| Schedule of Amount Recognized in the Consolidated Balance Sheet |
Amount recognized in the consolidated balance sheet:
| | |
As of March 31, | |
| | |
2025 | | |
2026 | | |
2026 | |
| | |
S$ | | |
S$ | | |
US$ | |
| | |
| | |
| | |
| |
| Right of use assets | |
| 4,543,769 | | |
| 3,709,974 | | |
| 2,877,456 | |
| | |
| | | |
| | | |
| | |
| Lease liabilities | |
| | | |
| | | |
| | |
| Current | |
| 866,559 | | |
| 936,187 | | |
| 726,107 | |
| Non-current | |
| 3,677,210 | | |
| 2,773,787 | | |
| 2,151,349 | |
| | |
| 4,543,769 | | |
| 3,709,974 | | |
| 2,877,456 | |
A summary of lease cost recognized in the Company’s
consolidated statements of operations is as follows:
| | |
Year ended March 31 | |
| | |
2024 | | |
2025 | | |
2026 | | |
2026 | |
| | |
S$ | | |
S$ | | |
S$ | | |
US$ | |
| | |
| | | |
| | | |
| | | |
| | |
| Operating lease expense | |
| 984,308 | | |
| 1,003,597 | | |
| 1,036,946 | | |
| 804,255 | |
The following summarizes other supplemental information about
the Company’s lease as of March 31, 2025 and 2026:
| | | | As of
March 31,
2025 | | | As of
March 31,
2026 | | | Weighted average discount rate | | | | 4.09 | % | | | 4.07 | % | | Weighted average remaining lease term | | | | 4.69 years | | | | 3.71 years | |
|
| Schedule of Future Minimum Lease Payments |
Future minimum
lease payments under non-cancellable operating lease agreements as of March 31, 2026 were as follows:
| | |
Minimum lease payment | |
| |
S$ | | |
US$ | |
| 2027 | |
| 1,069,846 | | |
| 829,773 | |
| 2028 | |
| 978,595 | | |
| 758,998 | |
| 2029 | |
| 978,595 | | |
| 758,998 | |
| 2030 | |
| 978,595 | | |
| 758,998 | |
| 2031 onwards | |
| 15,704 | | |
| 12,180 | |
| Total future minimum lease payments | |
| 4,021,335 | | |
| 3,118,947 | |
| Less imputed interest | |
| (311,361 | ) | |
| (241,491 | ) |
| Present value of operating lease liabilities | |
| 3,709,974 | | |
| 2,877,456 | |
| Less: current portion | |
| (936,187 | ) | |
| (726,107 | ) |
| Long-term portion | |
| 2,773,787 | | |
| 2,151,349 | |
|