v3.26.1
Property and Equipment
 12 Months Ended
Mar. 31, 2026
Property and Equipment [Abstract]  
Property and Equipment

4. Property and Equipment

 

At March 31, 2026 and 2025, property and equipment consisted of the following:

 

    As of
March 31,		  
    2026     2025  
Machinery   $ 7,916     $ 6,988  
Motor vehicles     846       1,189  
Office equipment     1,579       1,501  
Furniture and fixtures     825       800  
Leasehold improvements     859       813  
Leasehold property     6,791       7,228  
Assets under construction     93       87  
      18,909       18,606  
Less: accumulated depreciation     (9,547 )     (8,920 )
Total   $ 9,362     $ 9,686  

 

Depreciation expense was approximately $1,476 and approximately $1,483 for the years ended March 31, 2026 and 2025, respectively. During the year ended March 31, 2026 and 2025, the Company disposed of property and equipment with a net asset value of $859 and $527 for proceeds of $1,007 and $67, respectively.

 

Primech A&P holds a sixty (60) year leasehold interest in 23 Ubi Crescent Singapore (expiring July 2057) and a sixty (60) year leasehold interest in 25 Ubi Crescent Singapore (expiring July 2057) (see Note 13). As at March 31, 2025, CSG Industries holds a thirty (30) year interest (expiring in February 2038) in 50 Tuas Avenue 11 #01-22 Tuas Lot Singapore 639107; this property was disposed during the year ended March 31, 2026.