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RELATED PARTY TRANSACTIONS
 3 Months Ended
Jun. 30, 2026
Related Party Transactions [Abstract]  
RELATED PARTY TRANSACTIONS

13.       RELATED PARTY TRANSACTIONS

 

From time to time, the directors of the Company advanced funds to the Company for capital expenditures and working capital purpose. Those temporary advances are unsecured, non-interest bearing and have no fixed terms of repayment.

 

Nature of relationships with related parties

   
Name of related party Relationship with the Company
Lo Yiu Kwok Family member of the Company’s director and director of the Company’s subsidiary
Messis Global Limited Controlled by the Company’s director
   

 

Related party balances consisted of the following:

         
        As of  
Name or related party   Nature   June 30, 2026     March 31, 2026  
                 
Lo Yiu Kwok   Amount due from a related party   $ 402,569     $ 411,430  
Messis Global Limited   Accrued liabilities and other payable     697,878       277,722  
Cosmos Links International Holding Ltd   Amount due to a shareholder   $ 238,421     $ 238,286  

 

As of June 30, 2026 and March 31, 2026, the amount due from a related party represented temporary non-trade advances to Mr. Lo Yiu Kwok, the director of the Company’s subsidiary, which was unsecured and interest-free. The balance was $402,569 and $411,430 as of June 30, 2026 and March 31, 2026, respectively. The balance is expected to be settled by December 31, 2026 or earlier.

 

As of June 30, 2026 and March 31, 2026, the related party balance from accrued liabilities and other payable represented the accrued consulting services of $697,878 and $277,722 , respectively and recorded as expense in the operations. These service agreements had an aggregate value of $990,000 for a term of six to eight months and were subsequently settled by 14,347,826 shares of common stock.

 

 

In the ordinary course of business, during the years presented, the Company has engaged with transactions, either at cost or current market price and in the normal commercial terms among related parties. The following table provides the transactions with these parties for the years, as presented (for the portion of such period that they were considered related): 

                     
        Three Months ended June 30,  
Name of related party   Nature   2026     2025  
                 
Messis Global Limited   Business advisory costs incurred by the Company   $ 420,000     $ 23,973  
Messis Global Limited   Administrative service support fees received by the Company   $ –     $ 10,973  

 

Apart from the transactions and balances detailed elsewhere in these accompanying consolidated financial statements, the Company has no other significant or material related party transactions during the years presented.