ACCOUNTABILITY | NOTES TO THE FINANCIAL STATEMENTS 253 INTEGRATED ANNUAL REPORT 2026 39. ASSETS AND LIABILITIES HELD FOR SALE On 4 November 2025, the Group entered into a binding term sheet to dispose of its entire equity interests in the Bhadla and Nokh solar plants held by YR Bhadla Pte Ltd and YR Nokh Pte Ltd respectively, both indirectly-wholly owned subsidiaries of the Group, within the Group’s Renewables segment. Accordingly, the assets and liabilities associated with the Bhadla and Nokh solar plants were presented as a disposal group held for sale in accordance with MFRS 5. Impairment losses for writedown of the disposal group to the lower of its carrying amount and its fair value less costs to sell were included within ‘Other gains/(losses) – net’ (refer to Note 12). The impairment losses were applied to reduce the carrying amount of property, plant and equipment within the disposal group. The major classes of assets and liabilities comprising the operations classified as held for sale are as follows: 2026 RM million Property, plant and equipment (Note 17) 699 Deferred tax assets (Note 35) 32 Trade and other receivables 44 Cash and bank balances 20 Other assets 6 Total assets classified as held for sale 801 Loans and borrowings (b) (562) Lease liabilities (8) Contract liabilities (9) Deferred tax liabilities (Note 35) (34) Trade and other payables (19) Total liabilities associated with assets classified as held for sale (632) Net assets of disposal group held for sale 169 (a) Included in the Group’s assets held for sale are the carrying amounts of the solar plant and building, amounting to RM662 million, pledged to financial institutions as security for bank facilities granted to the Group. (b) Included in the Group’s liabilities held for sale are term loans with floating interest rate denominated in INR of RM469 million which bears interest of 8.30% to 9.35% per annum, while other INR term loans of RM93 million bears interest of 8.25% per annum where interest rate is reset automatically every five years.
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