v3.26.1
SCHEDULE OF RELATED PARTY TRANSACTIONS (Details) - USD ($)
 3 Months Ended 9 Months Ended 12 Months Ended
Aug. 16, 2024
Mar. 31, 2026
Mar. 31, 2025
Mar. 31, 2026
Mar. 31, 2025
Jun. 30, 2025
Jun. 30, 2024
Related Party Transaction [Line Items]              
Creative and technical services fee paid          
Rental income   $ 4,100 38,200 $ 38,200 $ 68,200
Forgiveness of debts   $ 162,266 162,266    
Borneo Eco Food Sdn Bhd [Member]              
Related Party Transaction [Line Items]              
Sale of property [1]           4,071
SB Resorts Sdn Bhd [Member]              
Related Party Transaction [Line Items]              
Sale of property [2]           25,441
Rental expense paid [2]           3,431 1,918
Rental income [3]       2,724    
Mr Jack Wong [Member]              
Related Party Transaction [Line Items]              
Sale of property       [4] 857,500 [4] 857,500 [5] [5]
Rental income [5]           30,000 60,000
Rental income [4]       30,000    
Warisan Khidmat Sdn Bhd [Member]              
Related Party Transaction [Line Items]              
Creative and technical services fee paid [6]           17,905
Borneo Oil Corporation Sdn [Member]              
Related Party Transaction [Line Items]              
Interest expense paid       [3] 1,738 [3] 1,738 [7] 13,536 [7]
Settlement of debts by issuance of company’s common stock $ 675,888         $ 675,888 [2] [2]
Mr Teo Zye Keun [Member]              
Related Party Transaction [Line Items]              
Creative and technical services fee paid [8]       34,458    
Makin Teguh Sdn Bhd [Member]              
Related Party Transaction [Line Items]              
Forgiveness of debts [3]       19,379    
J. Ambrose & Partners [Member]              
Related Party Transaction [Line Items]              
Forgiveness of debts [3]       $ 11,219    
[1] Borneo Oil Berhad (“BOB”) is ultimate holding company of Borneo Eco Food Sdn. Bhd., and held 13.4% of the Company’s issued and outstanding Common Stock as of June 30, 2025.
[2] SB Resorts Sdn Bhd and Borneo Oil Corporation Sdn Bhd (“BOC”) are wholly owned subsidiaries of Borneo Oil Berhad (“BOB”) (holding 13.4% of the Company’s issued and outstanding Common Stock as of June 30, 2025).
[3] Related Party Ownership:
[4] Related Party Transaction – Property Sale:
[5] Mr. Jack Wong is the Chief Executive Officer of the Company effective October 1, 2022. By Waiver and Consent of Shareholders, Mr. Jack Wong was re-elected Director of the Company, effective March 30, 2024. This represents sale of the property located at 1138 Wildhorse Parkway Drive, Chesterfield, Missouri 63005 owned by VRI, for a current market value of $857,500. A gain on disposal of $161,156 was recognized as a result of this transaction.
[6] Warisan Khidmat Sdn. Bhd. is a company whose shareholdings is entirely held by a Director of Verde Malaysia.
[7] On August 16, 2024, BOC and the Company entered into an arrangement to settle the debt of $675,888 owing to BOC by way of the issuance of 9,655,542 shares of the Company’s Common Stock. The settlement was deemed to be a capital transaction which represented a distribution to an equity holder and therefore was not charged in earnings. Refer Note 13 for further details regarding this transaction.
[8] Related Party – Director Relationship: