| SCHEDULE OF TRANSACTIONS WITH OTHER RELATED PARTIES |
In
addition to those related party transactions and balances disclosed elsewhere in the consolidated financial statements, the Group had
the following transactions with its related parties during the reporting period:
SCHEDULE OF TRANSACTIONS WITH OTHER RELATED PARTIES
| | |
| |
Year ended | | |
Year ended | | |
Year ended | |
| | |
Notes | |
March 31, 2026 | | |
March 31, 2025 | | |
March 31, 2024 | |
| | |
| |
USD | | |
USD | | |
USD | |
| Subscription fee income | |
(a) | |
| 31,255 | | |
| 42,680 | | |
| 71,333 | |
| Consultancy fee | |
(b) | |
| 300,000 | | |
| 260,417 | | |
| 250,000 | |
| Write-off of due from related company | |
(c) | |
| - | | |
| - | | |
| 81,347 | |
| Share-based payments expenses on anti-dilution issuance of Preferred Shares | |
(d) | |
| - | | |
| 369,648 | | |
| - | |
| Finance charges on: | |
| |
| | | |
| | | |
| | |
| Loan from a related company | |
(e) | |
| - | | |
| 24,548 | | |
| 80,219 | |
| Loans from immediate holding company | |
(f) | |
| - | | |
| 129,423 | | |
| 187,584 | |
| Convertible loan notes | |
(g) | |
| - | | |
| 238,960 | | |
| 266,520 | |
| (a) |
During
the year ended March 31, 2026, the Group entered into sales agreements with certain shareholders amounting to $31,255 in revenue
generated (2025: $42,680; 2024: $71,333). |
| (b) |
During
the year ended March 31, 2026, Miles Pelham, controller of Rhino Ventures, engaged as a contractor to provide management services
in return for a fee of $300,000 (2025: $260,417; 2024: $250,000). |
| (c) |
During
the year ended March 31, 2024, the Group has fully written off the amount due from a related company, Diginex (Holdings) Limited,
a company controlled by Rhino Ventures, of $81,347 (2026 and 2025: $Nil). |
| |
|
| (d) |
In
connection with the issuance 151 preferred shares of DSL triggered by the Capital Raise, share-based payments expenses of $369,648
are recognized during the year ended March 31, 2025 (2026 and 2024: $Nil). |
| (e) |
The
Group had a loan from a related company, Diginex (Holdings) Limited, with a principal of
$1,000,000. The loan bore an 8% annual interest charge and interest of $24,548 was accrued
during the year ended March 31, 2025 (2026: $Nil; 2024: $80,219).
Upon
the Recapitalization in July 2024, the loan was converted into convertible loan notes. The convertible loan notes were converted
into Ordinary Shares on December 20, 2024. |
| (f) |
The
Group had loans outstanding from the immediate holding company, Rhino Ventures. The loans
bore an 8% annual interest charge and interest of $129,423 was accrued during the year ended
March 31, 2025 (2026: $Nil; 2024: $187,584).
On
January 21, 2025, pursuant to a triparty loan agreements entered into between the Company, DSL, and Rhino Ventures dated September
30, 2024, the loans were fully settled through the capitalization by issuing Ordinary Shares and cash settlement. At March 31, 2025
and 2026, there was no balance outstanding, and no interest was accrued for each of the years ended March 31, 2025 and 2026 accordingly. |
| (g) |
The
Group issued 8% convertible loan notes to the shareholders of the Company. Interest of $238,960
was accrued during the year ended March 31, 2025 (2026: $Nil; 2024: $266,520).
On
December 20, 2024, all the outstanding convertible loan notes were converted into Ordinary Shares. No convertible loan notes were
outstanding as of March 31, 2025 and 2026 and no interest was accrued for the year ended March 31, 2026. |
|
| SCHEDULE OF KEY MANAGEMENT COMPENSATION |
SCHEDULE OF KEY MANAGEMENT COMPENSATION
| | |
Year ended | | |
Year ended | | |
Year ended | |
| | |
March 31, 2026 | | |
March 31, 2025 | | |
March 31, 2024 | |
| | |
USD | | |
USD | | |
USD | |
| Basic salaries, allowances and all benefits-in-kind | |
| 2,177,385 | | |
| 1,616,693 | | |
| 1,514,495 | |
| Pension costs - defined contribution plans | |
| 14,913 | | |
| 6,924 | | |
| 7,308 | |
| Share-based payments | |
| 3,220,923 | | |
| 782,338 | | |
| 1,324,067 | |
| Key management compensation | |
| 5,413,221 | | |
| 2,405,955 | | |
| 2,845,870 | |
|