167 ENRA GROUP BERHAD ANNUAL REPORT 2025 Notes To The Financial Statements (Cont’d) 31 March 2025 Registration No: 71 199201005296 (236800 - T) 14. REDEEMABLE CONVERTIBLE PREFERENCE SHARES (“RCPS”) (continued) (a) (continued) The salient features of the RCPS-A are as follows: (continued) (vi) The RCPS-A is not to be listed but is transferrable in accordance with the terms of the Shareholder Agreement. (b) The 1st tranche of 104,450 unit of RCPS amounting to RM1,057,034 matured on 2 March 2023. Based on the salient features of the RCPS-A, all outstanding RCPS-A shall be automatically converted upon maturity of the RCPS. As at 29 August 2023, the conversion of RCPS-A has been completed. (c) The 2nd tranche of 695,550 units of RCPS-A, amounting to RM7,038,000 matured on 18 June 2024. As at the end of the financial year, the conversion of the RCPS-A has not been completed as the Group and the RCPS-A holder have yet to reach an agreement on the terms of the extension of the RCPS-A. 15. TREASURY SHARES The shareholders of the Company, by way of an ordinary resolution passed at the annual general meeting held on 19 September 2007, approved the Company’s plan to repurchase up to 10% of the issued and paid-up share capital of the Company (“Share Buy Back”). The shares of the Company repurchased were held as treasury shares in accordance with Section 127(6) of the Companies Act 2016 in Malaysia. As at 31 March 2025, the Group held 1,289,400 (2024: 1,289,400) of the Company’s treasury shares at a total cost of RM1,199,000 (2024: RM1,199,000). 16. NON-DISTRIBUTABLE RESERVES Group Company 2025 2024 2025 2024 Note RM’000 RM’000 RM’000 RM’000 Exchange translation reserve (a) 2,034 5,114 - - Share options reserve 327 375 327 375 2,361 5,489 327 375 (a) Exchange translation reserve The exchange translation reserve is used to record foreign currency exchange differences arising from the translation of the financial statements of foreign operations whose functional currencies are different from that of the presentation currency of the Group. It is also used to record the exchange differences arising from monetary items which form part of the Group’s net investment in foreign operations, where the monetary item is denominated in either the functional currency of the reporting entity or the foreign operation.
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