v3.26.1
Consolidated Statements of Cash Flows - USD ($)
 12 Months Ended
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2024
Cash flows from operating activities      
Profit before income tax $ 430,405 $ 228,954 $ 1,297,633
Adjustments for:      
Depreciation of property, plant and equipment 199,328 193,626 198,360
Depreciation of right-of-use assets 69,242 69,241 69,241
Interest expense 143,340 595,421 421,713
Interest income from loan to related party (23,736) (370,705) (165,368)
Interest income from loan to third party (180,528)
Interest income (30,403)
Inventories write-down 37,229 37,557 65,770
Reversal of inventories write-down (77,240) (28,678)
Allowance for provision for expected credit losses – other receivables 15,894 71,188 11,532
Reversal of allowance for provision for expected credit losses – other receivables (106,293)
Other receivables written off 35,120
Allowance for provision for expected credit losses – third parties 27,694
Operating cash flows before working capital changes 504,932 831,724 1,898,881
Changes in working capital:      
Inventories (863,576) 147,511 1,519,269
Trade and other receivables (471,955) (659,095) (112,572)
Trade and other payables (859,757) 1,958,462 (43,699)
Cash generated from operations (1,690,356) 2,278,602 3,261,879
Income tax paid (194,451) (144,037) (123,111)
Net cash generated from/(used in) operating activities (1,884,807) 2,134,565 3,138,768
Cash flows from investing activities      
Purchase of property, plant and equipment (36,167) (16,710) (22,972)
Acquisition of equity investment (2,500,000)
Interest received 210,931
Deferred initial public offering (“IPO”)costs (307,648) (565,129) (230,642)
Net cash used in investing activities (2,632,884) (581,839) (253,614)
Cash flows from financing activities      
Proceeds from issuance of IPO shares, net 8,014,981
(Loans to)/Repayment from related parties 4,314,951 80,664 (3,783,461)
(Advances to)/Repayments from related parties, net 981,675 999,610 (5,110,245)
Proceeds from/(Repayments of) borrowings, net (5,088,600) (2,095,514) 6,373,131
Interest paid on borrowings (132,780) (578,660) (399,226)
Payment of lease liabilities (80,916) (74,716) (68,989)
Interest paid on lease liabilities (10,560) (16,761) (22,487)
Net cash (used in )/generated from financing activities 7,998,751 (1,685,377) (3,011,277)
Net change in cash and cash equivalents 3,481,060 (132,651) (126,123)
Cash and cash equivalents at beginning of year 102,697 235,348 361,471
Cash and cash equivalents at end of year $ 3,583,757 $ 102,697 $ 235,348