v3.26.1
Related Party Balance and Transactions
12 Months Ended
Mar. 31, 2026
Related Party Transactions [Abstract]  
Related Party Balance and Transactions

15. Related Party Balance and Transactions

 

The following is a list of related parties which the Company has transactions with:

 

(a) Mr. Chi Kin Kelvin Yeung, a director of the Company.

 

(b) Tak Wan Construction & Drilling Co., Limited, Mr. Shing Wai Wong (a director of the Operating Subsidiary) was a common director between April 2023 and July 2024. Mr. Shing Wai Wong ceased to be a director of Tak Wan Construction & Drilling Co., Limited effective July 2024.

 

 

PHOENIX ASIA HOLDINGS Limited and its subsidiaries
Notes to Consolidated Financial Statements

 

a. Due to related parties

 

As of March 31, 2026 and 2025, the balances of amounts due to a related party were as follows:

 

   2026   2025 
   As of March 31, 
   2026   2025 
   USD   USD 
Due to a related party          
Mr. Chi Kin Kelvin Yeung (a)   39,767    157,257 
           
Total(1)   39,767    157,257 

 

(1) The balance represented the advances from a director. The amount was unsecured, interest-free and repayable on demand.

 

Related party transactions

 

   2026   2025   2024 
   For the years ended March 31, 
   2026   2025   2024 
   USD   USD   USD 
Substructure service revenue from a related party               
Tak Wan Construction & Drilling Co., Limited (b)   -    -    60,407 
Total   -    -    60,407 
                
Repayment to a related party               
Mr. Chi Kin Kelvin Yeung (a)   103,205    6,700    230,769 
                
Total   103,205    6,700    230,769