Notes To The Financial Statements (Cont’d) 31 March 2026 SECTION 05 : FINANCIAL STATEMENTS & OTHERS 124 Registration No: 46 199201005296 (236800 - T) 6. INVESTMENTS IN SUBSIDIARIES (continued) (d) Changes in investment in subsidiaries during the previous financial year (i) On 5 April 2024, Hexagon SPM Solutions Sdn. Bhd. (“HSPM”), an indirect whollyowned subsidiary of the Company, acquired 70 ordinary shares in Hexagon SBM (Sarawak) Sdn. Bhd. ("HSBMS") for RM70.00 from Encik Ikhwan bin Zaidel, a director of a subsidiary of the Group. The acquisition represents 70% of the total issued capital of HSBMS. The acquisition has no material financial impact on the Group’s financial statements for the financial year ended 31 March 2025. (ii) On 23 May 2024, Hexagon Energy Logistics Sdn. Bhd. ("HELSB"), a wholly-owned subsidiary of the Company, incorporated a new subsidiary in Singapore known as Hexagon Marine Services (S) Pte. Ltd. (“HMSS”), with a paid-up share capital of RM42 comprising of 9 ordinary shares for the purpose of providing shipping services, including chartering of ships and boats with crew (freight). (e) On 28 May 2025, Q Homes Sdn. Bhd. ("QHSB"), an indirect 51%-owned subsidiary of the Company, entered into Share Sale and Purchase Agreements with PNN Resources Sdn. Bhd. for the proposed disposal of its entire equity interests in Makmur Homes Sdn. Bhd. (“MHSB”) and BRP Homes Sdn. Bhd. (“BRPSB”) for total cash considerations of RM4,700,000 and RM1,900,000, respectively. However, the conditions precedent were not fulfilled within the contractual period of three (3) months from the date of the agreement. Accordingly, both parties mutually agreed to terminate the Share Sale and Purchase Agreement, with neither party having any further rights or obligations thereunder. In the previous financial year, the assets and liabilities of MHSB and BRPSB were classified as disposal group held for sale and the financial results of MHSB and BRPSB were classified as discontinuing operations as at the end of the financial period. Loss attributable to the discontinued operations was as follows: Group 2025 RM’000 Results of discontinued operations Revenue - Other Income - Expenses (16) Results from operating activities (16) Taxation - Loss attributable to the discontinued operations (16)
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