v3.26.1
Income Tax (Tables)
 12 Months Ended
Mar. 31, 2026
Income Tax [Abstract]  
Schedule of Loss before Income Tax Expense

Loss before income tax expense is attributable to the following tax jurisdictions:

 

    For the years ended
March 31,		  
    2026     2025     2024  
    $’000     $’000     $’000  
                   
Hong Kong     (4,499 )     (714 )     1,559  
Cayman Islands     (8,454 )     (7,805 )     (5,960 )
Samoa     (25 )     -       -  
British Virgin Islands     (40 )     -       -  
Bahrain     (267 )     -       -  
Singapore     (3 )     -       -  
Loss before income tax expense     (13,288 )     (8,519 )     (4,401 )
Schedule of Reconciliation the Statutory and Effective Tax Expenses

The following tables provide the reconciliation of the differences between the statutory and effective tax expenses for the years ended March 31, 2026, 2025 and 2024.

 

    For the years ended
March 31,		  
    2026     2025     2024  
    $’000     $’000     $’000  
                   
Loss before income tax expense     (13,288 )     (8,519 )     (4,401 )
Tax at Hong Kong statutory tax rate of 16.5%     (2,193 )     (1,406 )     (726 )
Effect of tax-exempt for the Company incorporated in Cayman Islands     1,385       1,288       984  
Effect of tax-exempt for the Company incorporated in Samoa     4       -       -  
Effect of tax-exempt for the Company incorporated in British Virgin Islands     2       -       -  
Effect of tax-exempt for the Company incorporated in Bahrain     44       -       -  
Tax effect on non-assessable income     (1 )     (19 )     -  
Tax effect on non-deductible expenses     11       -       60  
Tax effect on deductible temporary differences     9       -       (2 )
Under provision of prior year     -       19       -  
Change in valuation allowance     739       137       (140 )
Tax concession     -       -       (21 )
Income tax expense     -       19       155  
Schedule of the Deferred Tax Assets

The following table sets forth the significant components of the deferred tax assets of the Company as of March 31, 2026 and 2025:

 

    As of March 31,  
    2026     2025  
    $’000     $’000  
                 
Deferred tax assets, net:                
Net operating loss carryforwards     876       137  
Less: valuation allowance     (876 )     (137 )
Deferred tax assets, net     -       -  
Schedule of Movement of Valuation Allowance

The movement of valuation allowance is as follows:

 

    As of March 31,  
    2026     2025  
    $’000     $’000  
                 
Beginning balance     137       -  
Tax losses recognized     739       137  
Ending balance     876       137