Loans and Borrowings

12 Months Ended

Mar. 31, 2025

Disclosure of detailed information about borrowings [abstract]

14.

LOANS AND BORROWINGS

Terms and debt repayment schedule

          
         Successor

         Successor

          
         Original 
Currency

         Year of 
Maturity

         Interest 
rate

         As of
March 31,
2025

         As of
March 31,
2024

Loan from Sumitomo Corporation Asia &
   Oceania Pte. Ltd., a former related party
   to the Successor

USD

2026*

3M Term
SOFR +
5.6% per
annum

—

6,504**

Lease liabilities

USD/MYR/
SAR/THB/
BND

2026 to
2040

2.84% to
8.00%

7,283

2,584

Total interest-bearing liabilities

7,283

9,088

* These loans were repaid in full in April 2024.

** The loan amount of $6.5 million included an accrued interest of $0.7 million under the terms of the loan.

ii)

Reconciliation of movements of liabilities to cash flows arising from financing activities


	Loans and Borrowings			Lease liabilities (See Note 9)			Total
	US$’000			US$’000			US$’000
Successor
As at June 16, 2023		9,719			4,501			14,220
Changes from financing cash flows
Repayment of amount due to a former related party of the predecessor		(3,000	)		—			(3,000	)
Repayment of loans and borrowings		(874	)		—			(874	)
Interest paid		(98	)		(125	)		(223	)
Payment of lease liabilities		—			(824	)		(824	)
Total changes from financing cash flows		(3,972	)		(949	)		(4,921	)
Effect of changes in foreign exchange rates		—			(84	)		(84	)
Other changes liability-related
Recognition of lease liabilities		—			144			144
Termination of lease liabilities		—			(1,153	)		(1,153	)
Interest expenses		757			125			882
Total liability-related other changes		757			(968	)		(211	)
As at March 31, 2024		6,504			2,584			9,088
Changes from financing cash flows
Repayment of loans and borrowings		(6,504	)		—			(6,504	)
Interest paid		(32	)		(221	)		(253	)
Payment of lease liabilities		—			(1,302	)		(1,302	)
Total changes from financing cash flows		(6,536	)		(1,523	)		(8,059	)
Effect of changes in foreign exchange rates		—			114			114
Other changes liability-related
Recognition of lease liabilities		—			7,486			7,486
Termination of lease liabilities		—			(1,599	)		(1,599	)
Interest expenses		32			221			253
Total liability-related other changes		32			6,222			6,254
As at March 31, 2025		—			7,283			7,283


	Amount due to related parties (See Note 23)			Loans and Borrowings			Lease liabilities (See Note 9)			Total
	US$’000			US$’000			US$’000			US$’000
Predecessor
As at April 1, 2023		28,038			—			4,834			32,872
Changes from financing cash flows
Proceeds from loans and borrowings		—			874			—			874
Repayment of amount due to a related party		(28,038	)		—			—			(28,038	)
Proceeds due to a related party		8,845			—			—			8,845
Interest paid		(162	)		(5	)		(24	)		(191	)
Payment of lease liabilities		—			—			(197	)		(197	)
Total changes from financing cash flows		(19,355	)		869			(221	)		(18,707	)
Effect of changes in foreign exchange rates		—			—			(136	)		(136	)
Other changes liability-related
Interest expenses		162			5			24			191
Total liability-related other changes		162			5			(112	)		55
As at June 15, 2023		8,845			874			4,501			14,220

iii)

Financial risk management

Information about the exposure of loans and borrowings to relevant financial risks (interest rate and liquidity risk) is disclosed in Note 24.