v3.26.1
Equity (Tables)
 12 Months Ended
Mar. 31, 2026
Equity [Abstract]  
Schedule of Outstanding Share Purchase Warrants

A continuity schedule of outstanding share purchase warrants and fair value charged to profit or loss are as follows:

 

   

Number of
warrants

outstanding

  
       
At April 1, 2024     32,900,000  
Early termination     (14,000,000 )
At March 31, 2025, April 1, 2025 and March 31, 2026     18,900,000  
Schedule of Assumptions in Calculating the Fair Value of the Warrants

The Company’s share purchase warrants are valued by independent professional qualified valuer by using binomial option pricing models. The inputs into the model were as follows:

 

    As of
March 31,
2026		     As of
March 31,
2025		  
             
Risk-free interest rate     3.8 %     3.8 %
Expected life of warrants     2 years       3 years  
Volatility     81.89 %     81.89 %
Weighted average fair value per warrant (US$)     1.37       1.37  
Risk-free interest rate     3.8 %     3.8  
Schedule of Company Share Purchase Warrants Outstanding

As of March 31, 2025 and 2026, the Company had share purchase warrants outstanding as follows:

 

    Warrants
outstanding
as of
March 31,
2025		     Termination     Warrants
outstanding
as of
March 31,
2026		     Fair value at
issue date		     Fair value
charged for
current year		     Exercise
price		     Weighted
average
remaining
life		  
Expiry Date                     US$     US$     US$     (years)  
October 27, 2026     1,800,000       —       1,800,000       1,353,304       —       1.5       1  
October 29, 2026     2,000,000       —       2,000,000       1,417,766       —       1.5       1  
May 10, 2027     200,000       —       200,000       84,000       —       1.5       2  
May 26, 2027     500,000       —       500,000       238,000       —       1.5       2  
July 22, 2027     440,000       —       440,000       163,000       —       1       2  
July 25, 2027     3,780,000       —       3,780,000       1,405,000       —       1       2  
July 26, 2027     400,000       —       400,000       146,000       —       1       2  
July 27, 2027     1,000,000       —       1,000,000       379,000       —       1       2  
July 28, 2027     980,000       —       980,000       376,000       —       1       2  
November 28, 2027     1,125,000       —       1,125,000       264,000       —       1       2  
November 28, 2027     1,125,000       —       1,125,000       274,000       —       1       2  
November 28, 2027     1,125,000       —       1,125,000       289,000       —       1       2  
November 28, 2027     1,125,000       —       1,125,000       303,000       —       1       2  
November 28, 2032     750,000       —       750,000       263,000       —       1.5       7  
November 28, 2032     250,000       —       250,000       89,000       —       1.5       6  
November 28, 2032     500,000       —       500,000       165,000       —       2.5       7  
November 28, 2032     500,000       —       500,000       169,000       —       2.5       7  
November 28, 2032     250,000       —       250,000       87,000       —       6       7  
November 28, 2032     750,000       —       750,000       258,000       —       6       7  
December 23, 2028     300,000       —       300,000       411,403       —       1       2  
 Total     18,900,000       —       18,900,000       8,134,473       —                  
Schedule of Movement of Respective Share Purchase Warrants and Issuance of Employee Share Incentive Plan

Movement of respective share purchase warrants was shown below:

 

    Share purchase
warrants		  
    2026     2025  
    US$     US$  
At the beginning of financial year     24,379,389       22,699,351  
Additions and recognized in profit or loss     —       1,680,038  
Adjustment of warrants terminated     (16,244,916 )     —  
At the end of financial year     8,134,473       24,379,389  
Schedule of 2022 Performance Incentive Plan Under the Plan, an aggregate of 3,300,000 ordinary shares of US$0.0001 par value each of the Company are reserved for issuance for purposes of the Plan, subject to adjustments as contemplated by the Plan.
    Number of share
awards grant		  
    2026     2025  
             
At the beginning of financial year     —       —  
Grant during the year     3,141,000       —  
At the end of financial year     3,141,000       —