Operating Lease Liabilities

12 Months Ended

Mar. 31, 2026

Operating Lease Liabilities [Abstract]

Note 17 — OPERATING LEASE LIABILITIES

The Company entered into various non-cancellable operating lease agreements for certain leasehold properties. The Company determines if an arrangement is a lease, or contains a lease, at inception and record the lease in the financial statements upon lease commencement, which is the date when the underlying asset is made available for use by the lessor. The lease terms may include one or more options to extend the lease terms, for periods from one to three years, when it is reasonably certain that the Company will exercise that option.

As of March 31, 2026, the options to extend the leases were recognized as ROU assets — operating leases and operating lease liabilities on the consolidated balance sheets. The Company has elected not to present short-term leases on the consolidated balance sheets as these leases have a lease term of 12 months or less at lease inception.

Future operating lease payments, excluding short-term leases, as of March 31, 2025 and 2026, are detailed as follows:

	As of March 31,
	2025			2026			2026
Operating leases	S$			S$			US$
2026		1,560,506			—			—
2027		1,286,161			1,532,127			1,187,628
2028		1,001,379			1,223,803			948,631
2029		632,677			926,460			718,145
2030		397,773			575,374			446,001
Thereafter		502,591			640,591			496,554
Total future lease payment		5,381,087			4,898,355			3,796,959
Less: Imputed interest		(719,672	)		(570,260	)		(442,036	)
Present value of operating lease liabilities		4,661,415			4,328,095			3,354,923
Less: Current portion		(1,298,058	)		(1,513,298	)		(1,173,033	)
Long-term portion of lease liabilities		3,363,357			2,814,797			2,181,890

The following table shows the weighted-average lease terms and discount rates for operating leases:

	2025			2026
Weighted average remaining lease term (Years)
Operating leases		3			4

Weighted average discount rate (%)
Operating leases		6	%		6	%