Graphjet Technology Sdn. Bhd. (GTI) S-1/A19 Jul 24IPO registration (amended)Financial data

Company Profile

Document And Entity Information

Document And Entity Information	3 Months Ended
Document And Entity Information	Mar. 31, 2024
Document Information Line Items
Entity Registrant Name	Graphjet Technology
Document Type	S-1/A
Amendment Flag	true
Amendment Description	Amendment No. 1
Entity Central Index Key	0001879373
Entity Filer Category	Non-accelerated Filer
Entity Small Business	true
Entity Emerging Growth Company	true
Entity Ex Transition Period	false
Entity Incorporation, State or Country Code	E9

Condensed Consolidated Balance

Condensed Consolidated Balance Sheets - USD ($)	Mar. 31, 2024	Sep. 30, 2023	Sep. 30, 2022
Current asset
Cash and cash equivalents	$ 1,146,000	$ 1,000	$ 225,121
Prepaid expenses	102,000	155,000	77,304
Advances to a related company	92,000	97,000	108,171
Deposits	153,000	128,000
Other current assets	145,000	54,000	20,285
Total current asset	1,638,000	435,000	430,881
Non-current assets
Office Equipment
Property and equipment, net	1,264,000	2,000
Intangible assets, net	5,611,000	5,827,000	6,258,092
Software, net			440
Total non-current assets	6,875,000	5,829,000	6,258,532
TOTAL ASSETS	8,513,000	6,264,000	6,689,413
Current liabilities
Debt	522,000	510,000	486,854
Accrued expenses	256,000	349,000	229,660
Working Capital Loan	96,000
Extension Loan	1,142,000
Payable to a director			527,057
Total current liabilities	2,016,000	859,000	1,243,571
Non-current liabilities
Accrued bonus	10,153,000
Payable to directors	1,218,000	2,232,000
Payable to a shareholder for intellectual property	656,000	5,756,000	5,756,366
Total non-current liabilities	12,027,000	7,988,000	5,756,366
Total liabilities	14,043,000	8,847,000	6,999,937
COMMITMENTS AND CONTINGENCIES (Note 10)
Stockholders’ deficit
Preferred shares, $0.0001 par value; 1,000,000 shares authorized; none issued and outstanding
Ordinary shares value			601,274
Additional paid-in capital	9,670,000
Accumulated deficit	(15,274,000)	(3,256,000)	(915,224)
Accumulated other comprehensive income	60,000	72,000	3,426
Total shareholders’ deficit	(5,530,000)	(2,583,000)	(310,524)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT	8,513,000	6,264,000	$ 6,689,413
Class A Ordinary Shares
Stockholders’ deficit
Ordinary shares value	$ 14,000	601,000
Class B Ordinary Shares
Stockholders’ deficit
Ordinary shares value
Previosly Reported
Current asset
Cash and cash equivalents		1,430
Prepaid expenses		154,519
Advances to a related company		97,882
Deposits		127,664
Other current assets		54,468
Total current asset		435,963
Non-current assets
Office Equipment		1,598
Intangible assets, net		5,826,499
Software, net		337
Total non-current assets		5,828,434
TOTAL ASSETS		6,264,397
Current liabilities
Debt		510,234
Accrued expenses		348,807
Payable to a director
Total current liabilities		859,041
Non-current liabilities
Payable to directors		2,231,781
Payable to a shareholder for intellectual property		5,756,366
Total non-current liabilities		7,988,147
Total liabilities		8,847,188
Stockholders’ deficit
Ordinary shares value		601,274
Accumulated deficit		(3,255,885)
Accumulated other comprehensive income		71,820
Total shareholders’ deficit		(2,582,791)
TOTAL LIABILITIES AND SHAREHOLDERS’ DEFICIT		$ 6,264,397

Condensed Consolidated Balanc_2

Condensed Consolidated Balance Sheets (Parentheticals) - $ / shares	Mar. 31, 2024	Sep. 30, 2023	Sep. 30, 2022
Ordinary shares, par value (in Dollars per share)			$ 0.2405
Ordinary shares, shares authorized			2,500,100
Ordinary shares, shares issued			2,500,100
Ordinary shares, shares outstanding			2,500,100
Preferred shares, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Preferred shares,authorized	1,000,000	1,000,000
Preferred shares, issued
Preferred shares, outstanding
Class A Ordinary Shares
Ordinary shares, par value (in Dollars per share)	$ 0.0001	$ 0.2405
Ordinary shares, shares authorized	479,000,000	2,500,100
Ordinary shares, shares issued	146,741,306	2,500,100
Ordinary shares, shares outstanding	146,741,306	2,500,100
Class B Ordinary Shares
Ordinary shares, par value (in Dollars per share)	$ 0.0001	$ 0.0001
Ordinary shares, shares authorized	20,000,000	20,000,000
Ordinary shares, shares issued
Ordinary shares, shares outstanding
Previosly Reported
Ordinary shares, par value (in Dollars per share)		$ 0.2405
Ordinary shares, shares authorized		2,500,100
Ordinary shares, shares issued		2,500,100
Ordinary shares, shares outstanding		2,500,100

Condensed Consolidated Statemen

Condensed Consolidated Statements of Operations (Unaudited) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Sep. 30, 2023	Sep. 30, 2022
Operating expenses:
General and administrative expenses	$ 11,588,000	$ 660,000	$ 12,006,000	$ 984,000	$ (2,316,454)	$ (900,630)
Total operating costs and expenses	11,588,000	660,000	12,006,000	984,000
Loss from operations	(11,588,000)	(660,000)	(12,006,000)	(984,000)	(2,316,454)	(900,630)
Interest expense	(6,000)	(6,000)	(12,000)	(12,000)	(24,207)	(13,030)
Total interest expense	(6,000)	(6,000)	(12,000)	(12,000)
Other income (expense), net					(24,207)	(13,030)
Net loss before income tax provision	(11,594,000)	(666,000)	(12,018,000)	(996,000)	(2,340,661)	(913,660)
Income tax provision
Net loss	$ (11,594,000)	$ (666,000)	$ (12,018,000)	$ (996,000)	$ (2,340,661)	$ (913,660)
Weighted-average common shares outstanding:
Basic (in Shares)	28,979,208	2,500,100	15,667,307	2,500,100	2,500,100	2,500,100
Diluted (in Shares)	28,979,208	2,500,100	15,667,307	2,500,100	2,500,100	2,500,100
Loss per share
Basic (in Dollars per share)	$ (0.4)	$ (0.27)	$ (0.77)	$ (0.4)	$ (0.94)	$ (0.37)
Diluted (in Dollars per share)	$ (0.4)	$ (0.27)	$ (0.77)	$ (0.4)	$ (0.94)	$ (0.37)

Condensed Consolidated Statem_2

Condensed Consolidated Statements of Comprehensive Loss (Unaudited) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Sep. 30, 2023	Sep. 30, 2022
Statement of Comprehensive Income [Abstract]
Net loss	$ (11,594,000)	$ (666,000)	$ (12,018,000)	$ (996,000)	$ (2,340,661)	$ (913,660)
Foreign currency translation adjustment	43,000	(1,000)	(12,000)	(28,000)	68,394	3,422
Comprehensive loss					(2,272,267)	(910,238)
Comprehensive loss attributable to common shareholders	$ (11,551,000)	$ (667,000)	$ (12,030,000)	$ (1,024,000)	$ (2,272,267)	$ (910,238)

Condensed Consolidated Statem_3

Condensed Consolidated Statements of Shareholders’ Deficit (Unaudited) - USD ($)	Common Stock Previosly Reported	Common Stock	Accumulated Deficit Previosly Reported	Accumulated Deficit	Accumulated other comprehensive gain/(loss) Previosly Reported	Accumulated other comprehensive gain/(loss)	Additional Paid-in Capital	Previosly Reported	Total
Balance at Sep. 30, 2021		$ 24		$ (1,564)		$ 4			$ (1,536)
Balance (in Shares) at Sep. 30, 2021		100
Issuance of additional shares		$ 601,250							601,250
Issuance of additional shares (in Shares)		2,500,000
Net loss				(913,660)					(913,660)
Other comprehensive income						3,422			3,422
Balance at Sep. 30, 2022		$ 601,274		(915,224)		3,426			(310,524)
Balance (in Shares) at Sep. 30, 2022		2,500,100
Net loss				(330,000)					(330,000)
Other comprehensive income						(27,000)			(27,000)
Balance at Dec. 31, 2022		$ 601,000		(1,245,000)		(24,000)			(668,000)
Balance (in Shares) at Dec. 31, 2022		2,500,100
Balance at Sep. 30, 2022		$ 601,274		(915,224)		3,426			(310,524)
Balance (in Shares) at Sep. 30, 2022		2,500,100
Net loss									(996,000)
Balance at Mar. 31, 2023		$ 601,000		(1,911,000)		(24,000)			(1,334,000)
Balance (in Shares) at Mar. 31, 2023		2,500,100
Balance at Sep. 30, 2022		$ 601,274		(915,224)		3,426			(310,524)
Balance (in Shares) at Sep. 30, 2022		2,500,100
Net loss			$ (2,340,661)					$ (2,340,661)	(2,340,661)
Other comprehensive income					68,394			68,394
Balance at Sep. 30, 2023	$ 601,274	$ 601,000	(3,255,885)	(3,256,000)	71,820	72,000		(2,582,791)	(2,583,000)
Balance (in Shares) at Sep. 30, 2023	2,500,100	2,500,100
Balance at Dec. 31, 2022		$ 601,000		(1,245,000)		(24,000)			(668,000)
Balance (in Shares) at Dec. 31, 2022		2,500,100
Net loss				(666,000)					(666,000)
Other comprehensive income						0			0
Balance at Mar. 31, 2023		$ 601,000		(1,911,000)		(24,000)			(1,334,000)
Balance (in Shares) at Mar. 31, 2023		2,500,100
Balance at Sep. 30, 2023	$ 601,274	$ 601,000	(3,255,885)	(3,256,000)	71,820	72,000		(2,582,791)	(2,583,000)
Balance (in Shares) at Sep. 30, 2023	2,500,100	2,500,100
Net loss				(424,000)					(424,000)
Other comprehensive income						(55,000)			(55,000)
Balance at Dec. 31, 2023				(3,680,000)		17,000	601,000		(3,062,000)
Balance (in Shares) at Dec. 31, 2023		2,500,100
Share revaluation		$ (601,000)					601,000
Adjusted				(3,256,000)		72,000	601,000		2,583,000
Adjusted (in Shares)		2,500,100
Balance at Sep. 30, 2023	$ 601,274	$ 601,000	$ (3,255,885)	(3,256,000)	$ 71,820	72,000		$ (2,582,791)	(2,583,000)
Balance (in Shares) at Sep. 30, 2023	2,500,100	2,500,100
Net loss									(12,018,000)
Balance at Mar. 31, 2024		$ 14,000		(15,274,000)		60,000	9,670,000		(5,530,000)
Balance (in Shares) at Mar. 31, 2024		146,741,306
Balance at Dec. 31, 2023				(3,680,000)		17,000	601,000		(3,062,000)
Balance (in Shares) at Dec. 31, 2023		2,500,100
Net loss				(11,594,000)					(11,594,000)
Business Combination with Energem		$ 14,000					9,069,000		9,083,000
Business Combination with Energem (in Shares)		144,241,206
Other comprehensive income						43,000			43,000
Balance at Mar. 31, 2024		$ 14,000		$ (15,274,000)		$ 60,000	$ 9,670,000		$ (5,530,000)
Balance (in Shares) at Mar. 31, 2024		146,741,306

Condensed Consolidated Statem_4

Condensed Consolidated Statements of Cash Flows (Unaudited) - USD ($)	6 Months Ended		12 Months Ended
	Mar. 31, 2024	Mar. 31, 2023	Sep. 30, 2023	Sep. 30, 2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net Loss	$ (12,018,000)	$ (996,000)	$ (2,340,661)	$ (913,660)
Adjustments to reconcile net loss to net cash used in operating activities:
Amortisation	216,000	216,000	431,593	215,796
Depreciation	2,000		103	78
Foreign currency translation adjustment	(12,000)	(28,000)	68,394	3,422
Changes in current assets and liabilities:
Prepaid expenses	84,000	(174,000)	(77,215)	(77,280)
Advances to a related company	5,000	19,000	10,289	(108,171)
Deposit	(25,000)		(127,664)
Other current assets	(87,000)	(155,000)	(34,183)	(20,285)
Interest payable as part of debt payable	12,000	12,000	23,380	12,102
Accrued expenses	(1,333,000)	(213,000)	119,147	229,410
Other payables	(290,000)
Related party payable	(89,000)			(1,343)
Deferred underwriting fee	(2,000,000)
Payable to directors	2,086,000	1,097,000	1,704,724	526,842
Accrued bonus	10,153,000
Net cash used in operating activities	(3,296,000)	(222,000)	(222,093)	(133,089)
CASH FLOWS FROM INVESTING ACTIVITIES
Acquisition of office equipment			(1,598)
Acquisition of patent				(717,522)
Acquisition of software				(518)
Additions to property and equipment	(1,264,000)
Net cash used in investing activities	(1,264,000)		(1,598)	(718,040)
CASH FLOWS FROM FINANCING ACTIVITIES
Proceeds from issuance of debt				474,752
Proceeds from issuance of shares	6,260,000			601,250
Repayment of working capital loan	(555,000)
Net cash provided by financing activities	5,705,000			1,076,002
Net change in cash and cash equivalents	1,145,000	(222,000)	(223,691)	224,873
Cash and cash equivalents at the beginning of the period	1,430	225,121	225,121	248
Cash and cash equivalents at the end of the period	1,146,000	3,000	1,430	225,121
Supplemental disclosure of non-cash financing activities:
Issuance of shares to Graphjet existing shareholders	1,380,000,000
Issuance of shares to Energem’s founders Shares	34,030,000
Issuance of shares to Financial Advisor	27,600,000
Issuance of shares to Underwriter	2,025,000
Issuance of shares to Senior Management Staff Shares	31,000
Issuance of shares for the settlement of amount due to a director	3,100,000
Issuance of shares for the settlement of amount due to a shareholders for intellectual property	$ 5,100,000
Supplemental disclosure of cash flow information:
Acquisition of patent				$ 6,473,888

Organization and Nature of Oper

Organization and Nature of Operations	3 Months Ended	12 Months Ended
Organization and Nature of Operations	Mar. 31, 2024	Sep. 30, 2023
Organization and Nature of Operations [Abstract]
Organization and Nature of Operations	Note 1 - Description of Organization and Business Operations 1.1 Organization and Nature of Business Graphjet Technology (the “Company”, “we,” “us” or “our”) is the owner of the state-of-the-art patented technology for the manufacture of graphene and graphite. The Company is a former blank check company incorporated in the Cayman Islands on August 6, 2021 under the name Energem Corp. (“Energem”) and formed for the purpose of acquiring, engaging in a share exchange, share reconstruction and amalgamation with, purchasing all or substantially all of the assets of, entering into contractual arrangements with, or engaging in any other similar business combination with one or more businesses. The Company acquired Graphjet Technology Sdn. Bhd. (“Graphjet”), a Malaysian based company that produces graphite, graphene and graphene-based anode battery material with at least 98% similarity and are much more consistent compared to other synthetic graphite and graphene which are produced from petroleum coke and coal. The breakthrough technology transforms a sustainable, abundant and renewable agricultural waste product, palm kernel shells into highly valued artificial graphene and graphite at significantly lower carbon emissions. For research and development in graphite and graphene applications, Graphjet collaborates with National University of Malaysia (UKM) and Universiti Teknikal Malaysia Melaka (UTEM) as Technology Advisor Panel to provide technology advisory for the applications. The Company is a member of Industrial Liaison Program (ILP) of Massachusetts Institute of Technology (MIT). The Company intends to be a low-cost producer of the highest quality artificial graphite and graphene. Graphjet has a patent on its bio-mass process and production method for graphite and a patent pending for graphene, and it believes it is the only producer currently capable of using biomass to produce graphite and graphene in mass production scale. Since Graphjet Technology uses a widely available waste product as their source, they are able to produce a higher quality product at a significantly lower cost than other graphite and graphene production methods currently in use worldwide. To date, Graphjet Technology has not had any sales of its products, but plans to sample its products to multinational companies within the industry for market acceptance and procurement purposes, intending to replace current high cost suppliers. Until now, the Company has funded its operations primarily with proceeds through equity investments from its current shareholders. 1.2 Business Combination On March 14, 2024 (the “Closing date”), we consummated a merger (the “Merger”) with Energem and with Graphjet. Pursuant to the Business Combination Agreement, (i) Energem acquired all of the issued and outstanding Graphjet Pre-Transaction Shares from the Selling Shareholders and Graphjet became a wholly-owned subsidiary of Energem, (ii) Energem changed its name to Graphjet Technology and (iii) each Selling Shareholder received a number of Energem Class A Ordinary Shares subject to the Consideration Shares formula, which is the number of Energem Class A Ordinary Shares equal to the aggregate Consideration Shares divided by the number of Graphjet Pre-Transaction Shares outstanding immediately prior to the Closing, multiplied by the number of Graphjet Pre-Transaction Shares held by such Selling Shareholder. The Business Combination was accounted for as a reverse recapitalization in accordance with U.S. GAAP. Under this method of accounting, Graphjet Technology was treated as the acquired company and Graphjet was treated as the acquirer for financial statement reporting purposes.	Note 1 - Organization and Nature of Operations Graphjet Technology Sdn. Bhd. (“the Company” or “Graphjet”) is a private limited company incorporated and domiciled in Malaysia. The registered office is located at B3-3-3, Block B, Megan Salak Park, Jalan 1/125E, Taman Desa Petaling, 57100 Kuala Lumpur, W.P. Kuala Lumpur. The Company was incorporated in December 23, 2019 under the law of Malaysia having head office in Kuala Lumpur. Graphjet is the owner of the state-of-the-art patented technology for the manufacture of graphene and graphite, critical raw materials used in a variety of industries. Graphjet produces graphite, graphene and graphene-based anode battery material with at least 98% similarity and are much more consistent compared to other synthetic graphite and graphene which are produced from petroleum coke and coal. The breakthrough technology transforms a sustainable, abundant and renewable agricultural waste product, palm kernel shells into highly valued artificial graphene and graphite at significantly lower carbon emissions. For research and development in graphite and graphene applications, Graphjet collaborates with National University of Malaysia (UKM) and Universiti Teknikal Malaysia Melaka (UTEM) as Technology Advisor Panel to provide technology advisory for the applications. Graphjet is a member of Industrial Liaison Program (ILP) of Massachusetts Institute of Technology (MIT).

Financial Condition and Managem

Financial Condition and Management’s Plan	12 Months Ended
Financial Condition and Management’s Plan	Sep. 30, 2023
Financial Condition and Management’s Plan [Abstract]
Financial Condition and Management’s Plan	Note 2 - Financial Condition and Management’s Plan The Company incurred a net loss of $2,340,661 during the year ended September 30, 2023 and, as of that date, the Company’s current liabilities exceeded its current assets by $423,078. The continuation of the Company as a going concern is dependent upon the Company’s ability to operate profitably in the foreseeable future and to continue to receive adequate financial support from its shareholders. These conditions indicate the existence of a material uncertainty which may cast substantial doubt on the Company’s ability to continue as a going concern. These financial statements do not include any adjustments relating to the recovery of recorded assets or the classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Summary of Significant Accounti

Summary of Significant Accounting Policies	3 Months Ended	12 Months Ended
Summary of Significant Accounting Policies	Mar. 31, 2024	Sep. 30, 2023
Summary of Significant Accounting Policies [Abstract]
Summary of Significant Accounting Policies	Note 3 - Summary of Significant Accounting Policies Principles of Consolidation and Financial Statement Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial statements and Article 8 of Regulation S-X. They do not include all of the information and notes required by U.S. GAAP for complete financial statements. Certain information or footnote disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair statement of the financial position, operating results and cash flows for the periods presented. The results of operations for the six months ended March 31, 2024 are not necessarily indicative of the results to be expected for the full fiscal year ending September 30, 2024 or any future interim period. All intercompany balances and transactions, and any unrealised income and expenses arising from intercompany transactions, are eliminated in preparing the unaudited condensed consolidated financial statements. The Company consolidates Graphjet, an entity that it controls through a majority voting interest and the accompanying financial statements include the accounts of the Company and its wholly owned subsidiary and those for which the Company has a controlling interest in. Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934 (the “Exchange Act”)) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used. Reverse Recapitalization Pursuant to ASC 805-40 Reverse Acquisitions, for financial accounting and reporting purposes, Graphjet was deemed the accounting acquirer with Graphjet Technology being treated as the accounting acquiree, and the Merger was accounted for as a reverse recapitalization (the “Reverse Recapitalization”). Accordingly, the unaudited condensed consolidated financial statements of the Company represent a continuation of the financial statements of Graphjet, with the Merger being treated as the equivalent of Graphjet issuing stock for the net assets of Graphjet Technology, accompanied by a recapitalization. The net assets of Graphjet Technology were stated at historical costs, with no goodwill or other intangible assets recorded, and were consolidated with Graphjet financial statements on the Closing Date. The number of Graphjet common shares for all periods prior to the Closing Date have been retrospectively increased using the exchange ratio that was established in accordance with the Merger Agreement (the “Exchange Ratio”). Use of Estimates The preparation of unaudited condensed consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements and the reported amounts of expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates. Fair Value of Financial Instruments Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: ● Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable. Foreign Currency For Graphjet, Malaysian Ringgit have been determined to be the functional currency. The functional currency assets and liabilities are translated to their U.S. dollar equivalents at exchange rates in effect as of the balance sheet date and income and expense amounts at the average exchange rates for the period. The U.S. dollar’s effects that arise from changing translation rates are recorded in the Unaudited Condensed Consolidated Statements of Comprehensive Loss. Intangible Assets Intangible Assets held by Graphjet consist of Graphene and Graphite patents and are included in the non-current assets in the Unaudited Condensed Consolidated Balance Sheets. Since they lack physical substance and have a limit on their useful life, the patents are considered to be finite-lived intangible assets under ASC 350 Intangibles– Goodwill and Other. Finite-lived intangible assets are subject to amortization over 15 years estimated useful life. Income Taxes The Company complies with the accounting and reporting requirements of ASC Topic 740, “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company’s management determined Cayman Islands and Malaysia are the Company’s only major tax jurisdictions. The Company recognizes accrued interest and penalties related to unrecognized tax benefits, if any, as income tax expense. There were no The Company is an exempted Cayman Islands company with no connection to any other taxable jurisdiction and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. In Malaysia, current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at the end of the reporting period, and any adjustment to tax payable in respect of previous years. As such, the Company’s tax provision was zero for the three months ended March 31, 2024 and for the year ended September 30, 2023. Net income (loss) per share The Company complies with accounting and disclosure requirements of ASC Topic 260, “Earnings Per Share.” Net loss per share is computed by dividing net income (loss) by the weighted average number of ordinary shares outstanding during the period, excluding ordinary shares subject to forfeiture. As of March 31, 2024 and September 30, 2023, the calculation of diluted income (loss) per share does not consider the effect of the warrants issued in connection with the Initial Public Offering and warrants issued as components of the Private Placement Units (the “Placement Warrants”) since the exercise of the warrants are contingent upon the occurrence of future events and the inclusion of such warrants would be anti-dilutive. As a result, diluted income (loss) per share is the same as basic loss per share for the periods presented. There are no potential dilutive securities outstanding for the six months period ended March 31, 2024 and March 31, 2023, as a result, diluted loss per share is the same as basic loss per share for the periods presented. Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents that can subject the Company to concentrations of credit risk. Accounts at United States financial institutions are insured by the Federal Deposit Insurance Corporation(“FDIC”) up to $250,000. Accounts at Malaysian financial institutions are insured by the Perbadanan Insurans Deposit Malaysia (“PIDM”) up to RM250,000 155,493 $1,109,216 Property and Equipment, Net Property and equipment is stated at historical cost less accumulated depreciation. Expenditures for major renewals and betterments are capitalized, while minor replacements, maintenance, and repairs, which do not extend the asset lives, are charged to operations as incurred. Upon sale or disposition, the cost and related accumulated depreciation is removed from the accounts, and any difference between the selling price and net carrying amount is recorded as a gain or loss in the unaudited condensed consolidated statements of operations. Depreciation on property and equipment is calculated using the straight-line method over the estimated useful lives of the assets. Risks and Uncertainties We are subject to risks and sustained uncertainties about, or worsening of, geopolitical tensions, including further escalation of the war between Russia and Ukraine, further escalation of the conflict between the State of Israel and Hamas, as well as further escalation of tensions between the State of Israel and various countries in the Middle East and North Africa, could result in a global economic slow down and long-term changes to global trade. As a result, the Company’s ability to procure raw materials at the desired price may be affected. Furthermore, the Company’s ability to raise equity and debt financing may be impacted by these events, including as a result of increased market volatility, or decreased market liquidity in third-party financing being unavailable on terms acceptable to the Company or at all. The impact of these events on the world economy and the specific impact on the Company’s financial position, results of operations and its cash flows are not yet determinable. The unaudited condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.	Note 3 - Summary of Significant Accounting Policies 3.1 Basis of Presentation The accompanying financial statements have been prepared in accordance with the accounting principles generally accepted in the United States of America (“GAAP”) as determined by Financial Accounting Standards Board (the “FASB”) within its Accounting Standards Codification (“ASC”) and under the rules and regulations of the United States Securities and Exchange Commission (“SEC”). 3.2 Use of Estimates The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the balance sheet and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ significantly from those estimates. 3.3 Foreign Currency For the Company, Malaysian Ringgit have been determined to be the functional currency. We translate functional currency assets and liabilities to their U.S. dollar equivalents at exchange rates in effect as of the balance sheet date and income and expense amounts at the average exchange rates for the period. The U.S. dollar’s effects that arise from changing translation rates are recorded in Statements of Comprehensive Loss. 3.4 Intangible Assets Intangible Assets held by the Company consist of Graphene and Graphite patents and are included in the non-current assets in the Balance Sheets. Since they lack physical substance and have a limit on their useful life, the patents are considered to be finite-lived intangible assets under ASC 350 Intangibles-Goodwill and Other

Related Party Transactions

Related Party Transactions	3 Months Ended	12 Months Ended
Related Party Transactions	Mar. 31, 2024	Sep. 30, 2023
Related Party Transactions [Abstract]
Related Party Transactions	Note 9 - Related Party Transactions 9.1 Related Party Contract ZhongHe Industries Sdn Bhd (ZHI) is an entity owned by Mr. Lim Hooi Beng, who owned 20% of its shares as of March 31, 2024 and September 30, 2023. Mr. Lim Hooi Beng also owns 13.8% of the ordinary shares of the Company as of March 31, 2024. Previously, Mr. Lim Hooi Beng owned 14.5% of the ordinary shares of Graphjet as of September 30, 2023. On September 20, 2021, the Company entered into a Contract of Commission Processing with ZHI, pursuant to which the Company appointed ZHI for the provision of services as stipulated in the Contract of Commission Processing. During the three-month period ended March 31, 2024 and the year ended September 30, 2023, the contract was still effective and the prepayment made to secure its production line was $ Nil Nil On July 1, 2022, the Company entered into a Tenancy Agreement with ZHI, with respect to the demised premises located at L4-E-8 Enterprise 4, Technology Park Malaysia, Bukit Jalil, 57000 Kuala Lumpur. Pursuant to the terms of the Tenancy Agreement, the tenancy is subject to an initial term of 2 years with a monthly rental of $0.8. The agreement will not be extended after ended and no transfer of premises ownership at the end of the agreement. March 31, September 30, 2024 2023 Advances to a related company $ 92 $ 97 The advance to ZHI represents the prepayment made to secure its production line after offsetting with the rental charged by ZHI for the office premises. 9.2 Related Party Loans Short Term Loan Working capital Loan To finance transaction costs in connection with a Business Combination, the Company’s Sponsor or an affiliate of the Sponsor, or the Company’s officers and directors could, but were not obligated to, loan the Company funds as may be required (“Working Capital Loans”). Such Working Capital Loans would be evidenced by promissory notes. The notes would either be repaid upon consummation of a Business Combination, without interest, or, at the lender’s discretion. As of March 31, 2024, there was $96 borrowed under Working Capital Loan. Extension Loan On November 1, 2022, the Sponsor and the Company entered into an Extension Agreement to fund the monthly extension payments (up to fifteen (15) one-month extensions) through February 18, 2024 pursuant to the “Second Extension Amendment Proposal”. The extension loan is interest free and to be repaid in September 2024. As of March 31, 2024 the outstanding balance under the Extension Agreement was $1,142. Long Term Loan Payable to Directors Mr. Lim Hooi Beng and Mr. Aw Jeen Rong are the shareholders of the Company and directors of Graphjet. March 31, September 30, 2024 2023 Lim Hooi Beng $ 1,212 $ 2,226 Aw Jeen Rong 6 6 Payables to directors $ 1,218 $ 2,232 Mr. Lim Hooi Beng and Mr. Aw Jeen Rong own 13.8% and 6.0% of the ordinary shares of the Company as of March 31, 2024. As of September 30, 2023, Mr. Lim Hooi Beng and Mr. Aw Jeen Rong owned 14.5% and 6.3% of the ordinary shares of Graphjet. The reduction in percentage of ownership was due to the share exchange during the merger, as stated in Note 1.2 . The shareholders will continue to support the company, hence the payables are interest free and demands for repayment are not expected within the next 12 months. On March 11, 2024, the Company entered the debt to equity conversion agreements with Mr. Lim Hooi Beng. The Company issued 775,000 ordinary shares at $4.00 per share amounting $3,100 to partially settle the outstanding balance. As of March 31, 2024 and September 30, 2023, the outstanding balance on the payable is $1,218 and $2,232, respectively. Payable to a Shareholder for Intellectual Property On March 10, 2022, Graphjet entered into Intellectual Property Sales Agreement with Mr. Liu Yu, as supplemented by the letter from Mr. Liu Yu to Graphjet dated July 29, 2022, pursuant to which Graphjet purchased the process for producing palm-based graphene, an intellectual property held by Mr. Liu Yu for $6,258 payable within the 19th to 36th month period from July 29, 2022. Liu Yu owned 24.3% the Company’s ordinary shares as of March 31, 2024 and 25.5% of the ordinary shares of Graphjet as of September 30, 2023. The reduction in percentage of ownership was due to the share exchange during the merger, as stated in Note 1.2. This long-term payable is excluded from recognizing imputed interest in accordance with ASC 835-30 Interest On March 11, 2024, the Company entered the debt to equity conversion agreements with Mr. Liu Yu. The Company issued 1,275,000 ordinary shares at $4.00 per share amounting $5,100 to partially settle the outstanding balance. As of March 31, 2024 and September 30, 2023, the outstanding balance on the payable is $656 and $5,756, respectively.	Note 4 - Related party disclosures 4.1 Controlling relationship The controlling shareholders of the Company are Mr. Lim Hooi Beng and Mr. Aw Jeen Rong. September 30, September 30, Current liabilities Lim Hooi Beng $ - $ 527,057 Payables to directors $ - $ 527,057 Long term liabilities Lim Hooi Beng $ 2,225,388 $ - Aw Jeen Rong $ 6,393 $ - Payables to directors $ 2,231,781 $ - Mr. Lim Hooi Beng owns 14.5% of the common shares of the Company and is also the director of the Company as of September 30, 2023 and September 30, 2022, respectively. Mr. Aw Jeen Rong owns 6.3% of the common shares of the Company and is also the director of the Company as of September 30, 2023 and September 30, 2022, respectively. The shareholders will continue to provide financial support to the Company, hence the payable balances as of September 30, 2023 have been classified from current liabilities to long term liabilities which were interest free and a demand for repayment is not expected within the next 12 months. On March 10, 2022, the Company entered into Intellectual Property Sales Agreement with Liu Yu, as supplemented by the letter from Liu Yu to the Company dated July 29, 2022, pursuant to which the Company purchased the process for producing palm-based graphene, an intellectual property held by Liu Yu for $6,258,092, payable within the 19th to 36th month period from 29 July 2022. Liu Yu owns 25.5% and 38% of the common shares of the Company as of September 30, 2023 and September 30, 2022, respectively. This long-term payable is excluded from recognizing imputed interest in accordance with ASC 835-30 Interest 4.2 Entities under same significant influence ZhongHe Industries Sdn Bhd (ZHI) is an entity under the same significant influence of Mr. Lim Hooi Beng, who owned 20% of its shares as of September 30, 2023 and September 30, 2022, respectively. On September 20, 2021, the Company entered into a Contract of Commission Processing with ZHI, pursuant to which the Company appointed ZHI for the provision of services as stipulated in the Contract of Commission Processing. During the financial years ended September 30, 2023 and September 30, 2022, the prepayment made to secure its production line was $ Nil On July 1, 2022, the Company entered into a Tenancy Agreement with ZHI, with respect to the demised premises located at L4-E-8 Enterprise 4, Technology Park Malaysia, Bukit Jalil, 57000 Kuala Lumpur. Pursuant to the terms of the Tenancy Agreement, the tenancy is subject to an initial term of 2 years with a monthly rental of $813. September 30, September 30, 2023 2022 Advance to a related company $ 97,882 $ 108,171 The advance to ZHI represents the prepayment made to secure its production line after offsetting with the rental charged by ZHI for the office premise.

Deposits

Deposits	3 Months Ended	12 Months Ended
Deposits	Mar. 31, 2024	Sep. 30, 2023
Deposits [Abstract]
Deposits	Note 4 - Deposits The deposits consist of non-refundable deposit for the land to be purchased at Kuantan Integrated Industrial Park and the professional fee related to it, and refundable deposit for the rent of photocopiers. See Note 10 for further discussion. Deposit allocation Nature Terms March 31, September 30, Land to be purchased at Kuantan Integrated Industrial Park Non-refundable 2% upon signing of letter of offer 82 82 Professional service in building Kuantan factory Non-refundable 1.5% upon signing of letter of acceptance 46 46 Public Relations Consulting Services Refundable One month fee charge 25 - Photocopiers rent for offices use Refundable - - Total $ 153 $ 128	Note 5 - Deposits The deposits consist of non-refundable deposit for the land purchase at Kuantan Integrated Industrial Park and the professional fee related to it, and refundable deposit for the rent of photocopier. Deposit allocation Nature September 30, September 30, Land purchase at Kuantan Non-refundable 80,989 - Integrated Industrial Park Professional service for Non-refundable 46,462 - Kuantan factory Photocopier rent for office use Refundable 213 - Total $ 127,664 $ -

Shareholders_ Equity

Shareholders’ Equity	3 Months Ended	12 Months Ended
Shareholders’ Equity	Mar. 31, 2024	Sep. 30, 2023
Shareholders’ Equity [Abstract]
Shareholders’ Equity	Note 11 – Shareholders’ Deficit The Company’s ordinary shares and warrants trade on the NASDAQ stock exchange under the symbol “GTI” and “GTIW”, respectively. Pursuant to the terms of the Amended and Restated Certificate of Incorporation, the company’s authorized share capital is $50,000 divided into 479,000,000 Class A Ordinary Shares, 20,000,000 Class B Ordinary Shares, and 1,000,000 Preference Shares each of par value $0.0001 per share. As of March 31, 2024, we have issued & outstanding class A ordinary shares 146,741,306 shares, each with par value of $0.0001. All of the Graphjet Technology ordinary shares issued and outstanding at the consummation of the business combination have been fully paid. The holder of each share of ordinary shares is entitled to one vote.	Note 6 - Equity (share capital and distribution) 6.1 Share Capital The Company issued common shares that carry no put option and no mandatory contractual obligation: (i) to deliver cash or another financial asset; or (ii) to exchange financial assets or financial liabilities with another entity under conditions that are potentially unfavorable to the Company. The common shares are classified as equity instruments. When common shares are issued in a private placement or in a rights issue to existing shareholders, they are recorded at the issue price. For common shares issued in exchange for non-monetary assets, they are measured by reference to the fair values of the assets received. When common shares are issued as consideration transferred in a business combination or as settlement of an existing financial liability, they are measured at their fair value at the date of the exchange transaction. Transaction costs of an equity transaction are accounted for as a deduction from equity, net of any related income tax effect. The Company did not 6.2 Distributions Distributions to holders of an equity instrument are recognized as equity transactions and are debited directly in equity, net of any related income tax effect. A dividend declared is recognized as a liability only after it has been appropriately authorized, which is the date when the Board of Directors declares an interim dividend, or in the case of a proposed final dividend, the date of stockholders of the Company approves the proposed final dividend in an annual general meeting of stockholders. For a distribution of non-cash assets to owners, the Company measures the dividend payable at the fair value of the assets to be distributed. No dividends were declared for the year ended September 30, 2023 and September 30, 2022.

Debt

Debt	3 Months Ended	12 Months Ended
Debt	Mar. 31, 2024	Sep. 30, 2023
Debt [Abstract]
Debt	Note 7 - Debt The Company obtained loans of $475 from external parties Mr. Goh Meng Keong and Mr. Goh Seng Wei, to fund the acquisition of Graphene Patent, and in return they charged the Company with interest, in accordance to arm’s length transaction principle. For the three and six months period ended March 31, 2024, there were interest expense of $6 and $12 (March 31, 2023 - $6 and $12), respectively. The principal amount, maturity date and interest rate for the loans are shown below: March 31, September 30, Total interest payable $ 47 $ 35 Total debt and interest payable $ 522 $ 510 Lender Principle Interest Lending date Due Goh Meng Keong $ 432 5% p.a March 22, 2022 September 30, 2024 Goh Seng Wei $ 43 5% p.a May 26, 2022 November 25, 2024 Principal payments: Amount For year ended September 30, 2024 475 Total $ 475	Note 7 - Debt The Company obtained loans of $474,752 from external parties Mr. Goh Meng Keong and Mr. Goh Seng Wei, to fund the acquisition of Graphene Patent, and in return they charged the Company with interest, in accordance to arm’s length transaction principle. For the year ended September 30, 2023 and September 30, 2022, there were interest expensed of $35,482 and $12,102, respectively. The principal amount, maturity date and interest rate for the loans are shown below: September 30, September 30, Total interest payable $ 35,482 $ 12,102 Total debt and interest payable $ 510,234 $ 486,854 Lender Principle Interest rate Lending date Due Goh Meng Keong $ 431,593 5% p.a March 22, 2022 March 31, 2024 Goh Seng Wei $ 43,159 5% p.a May 26, 2022 May 25, 2024 Principal payments: Amount For year ended September 30, 2024 474,752 For year ended September 30, 2025 - For year ended September 30, 2026 - For year ended September 30, 2027 - For year ended September 30, 2028 - Total 474,752

Patent

Patent	3 Months Ended	12 Months Ended
Patent	Mar. 31, 2024	Sep. 30, 2023
Patent [Abstract]
Patent	Note 5 - Patent The Company owns two patents over the production of Graphite and Graphene from palm kernel shell. Artificial graphite can be used for including but not limited to electrical carbons, fuel cell bi-polar plates, coatings, electrolytic processes, corrosion products, conductive fillers, rubber and plastic compounds, and drilling applications. Graphene is a product that is further processed from Graphite. As per ASC 350-30 Intangible Assets, the patents are capitalized as non-current asset because they were not internally generated, have finite useful life of 15 years, and has been used in operational activities although no revenue has been generated. All patents are expected to have zero residual value. Below is the gross carrying amount, accumulated amortization, aggregate amortization expense, and next 5 years and thereafter estimate on aggregate amortization expense. As of March 31, 2024 As of September 30, 2023 Patent Acquisition Accumulated Net Accumulated Net Graphite production $ 216 $ (29 ) $ 187 $ (22 ) $ 194 Graphene production 6,258 (834 ) 5,424 (625 ) 5,633 $ 6,474 $ (863 ) $ 5,611 $ (647 ) $ 5,827 Estimated amortization expense: Amount For year ended September 30, 2024 324 For year ended September 30, 2025 432 For year ended September 30, 2026 432 For year ended September 30, 2027 432 For year ended September 30, 2028 432 Thereafter 3,559 Total $ 5,611	Note 8 - Patent The Company owns two patents over the production of Graphite and Graphene from palm kernel shell. Artificial graphite can be used for including but not limited to electrical carbons, fuel cell bi-polar plates, coatings, electrolytic processes, corrosion products, conductive fillers, rubber and plastic compounds, and drilling applications. Graphene is a product that is further processed from Graphite. As per ASC 350-30, the patents are capitalized as non-current asset because they were not internally generated, have finite useful life of 15 years, and has been used in operational activities although no revenue has been generated. All patents are expected to have zero residual value. Below is the gross carrying amount, accumulated amortization, aggregate amortization expense, and next 5 years and thereafter estimate on aggregate amortization expense. As of September 30, 2023 As of September 30, 2022 Gross Gross Acquisition Accumulated carrying Accumulated carrying Patent cost amortization amount amortization amount Graphite production $ 215,796 $ (21,580 ) $ 194,216 $ (7,193 ) $ 208,602 Graphene production 6,258,092 (625,809 ) 5,632,283 (208,603 ) 6,049,490 $ 6,473,888 $ (647,389 ) $ 5,826,499 $ (215,796 ) $ 6,258,092 Estimated amortization expense: Amount For year ended September 30, 2024 431,593 For year ended September 30, 2025 431,593 For year ended September 30, 2026 431,593 For year ended September 30, 2027 431,593 For year ended September 30, 2028 431,593 Thereafter 3,668,534 Total 5,826,499

Subsequent Events

Subsequent Events	3 Months Ended	12 Months Ended
Subsequent Events	Mar. 31, 2024	Sep. 30, 2023
Subsequent Events [Abstract]
Subsequent Events	Note 13 – Subsequent Event Disclosure The Company has evaluated subsequent events through June 18, 2024, the date the unaudited condensed consolidated financial statements were available for issuance. All subsequent events requiring recognition or disclosure have been included in these unaudited condensed consolidated financial statements.	Note 9 - Subsequent Event Disclosure On October 24, 2023, the Company entered a contract with Beijing Xi Yu International Trade Co. Ltd from China for the purchase of palm kernel shell based artificial graphite fabrication equipment.

Going Concern and Liquidity

Going Concern and Liquidity	3 Months Ended
Going Concern and Liquidity	Mar. 31, 2024
Going Concern and Liquidity [Abstract]
Going Concern and Liquidity	Note 2 - Going Concern and Liquidity The Company incurred a net loss of $11,594 during the period ended March 31, 2024 and, as of that date, the Company’s current asset exceeded its current liability by $378. The continuation of the Company as a going concern is dependent upon the Company’s ability to operate profitably in the foreseeable future and to continue to receive adequate financial support from its shareholders. These conditions indicate the existence of a material uncertainty which may cast substantial doubt on the Company’s ability to continue as a going concern. These unaudited condensed consolidated financial statements do not include any adjustments relating to the recovery of recorded assets or the classification of liabilities that might be necessary should the Company be unable to continue as a going concern.

Property and Equipment

Property and Equipment	3 Months Ended
Property and Equipment	Mar. 31, 2024
Property and Equipment [Abstract]
Property and equipment	Note 6 - Property and equipment Property and equipment included in continuing operations consist of the following: March 31, September 30, Office equipment $ 9 $ 2 Renovation 34 - Construction in progress – Machineries yet to be assembled 1,223 - Property, and equipment, cost $ 1,266 $ 2 Less: accumulated depreciation (2 ) - Property, and equipment, net $ 1,264 $ 2 Depreciation of property and equipment is computed on a straight-line basis over its estimated useful life at the following annual rates: Office equipment 20 % Renovation 20 % Depreciation expenses of $1 and $2 (March 31, 2023 - $0 $0 The Company has entered into four contracts with Beijing Xi Yu International Trade Co. Ltd from China for the purchase of artificial graphite machineries for a total cost of $1,223. Full payments made upon order confirmation and shipment from main port in Tianjin to Port Klang in Malaysia. The guarantee period is within 15 months after arrival date and during this period the Seller shall be responsible for the damage due to the defects in designing and manufacturing of the machineries. The machineries have yet to be assembled and commissioned as of March 31, 2024.

Accrued Bonus

Accrued Bonus	3 Months Ended
Accrued Bonus	Mar. 31, 2024
Accrued Bonus [Abstract]
Accrued bonus	Note 8 – Accrued bonus On February 29, 2024, the Board of Directors of Graphjet has approved the proposed bonus amounting $13,800 to reward the senior management team of Graphjet for the successful business combination and corporate listing. The provision made is based on 1% on the issuance of Graphjet Technology shares to Graphjet existing shareholders total value $1,380,000. As of March 31, 2024, the provision made was $10,153 and the balance to be provided in February 2025.

Commitments and Contingencies

Commitments and Contingencies	3 Months Ended
Commitments and Contingencies	Mar. 31, 2024
Commitments and Contingencies [Abstract]
Commitments and Contingencies	Note 10 – Commitments and Contingencies As of March 31, 2024, there were no commitment and contingency other than those stated below: March 31, Commitments and Contingencies Terms 2024 Land to be purchased at Kuantan Integrated Industrial Park 8% of purchase price upon signing of Sales and Purchase Agreement and 90% within 9 months after signing of Sale and Purchase Agreement $ 3,944 Professional service in building Kuantan factory 98.5% of total contract value and payments at progressive claims basis 1,920 Rental of premises Rental expense from April 2024 to January 2025 108 $ 5,972

Equity Incentive Plan

Equity Incentive Plan	3 Months Ended
Equity Incentive Plan	Mar. 31, 2024
Share-Based Payment Arrangement [Abstract]
Equity Incentive Plan	Note 12 – Equity Incentive Plan At the Special Meeting on February 28, 2024, Energem shareholders considered and approved the Equity Incentive Plan and reserved an amount of ordinary shares equal to 10% of the fully diluted issued and outstanding Combined Entity Ordinary Shares following the Business Combination for issuance thereunder. The Equity Incentive Plan was approved by the Energem board of directors on the same day. The Equity Incentive Plan became effective immediately upon the Closing of the Business Combination. Graphjet Technology’s employees, consultants and directors, and employees, consultants and directors of its subsidiaries will be eligible to receive awards under the Equity Incentive Plan. The Equity Incentive Plan is expected to be administered by the Graphjet Technology Board with respect to awards to non-employee directors and by Graphjet Technology’s remuneration committee with respect to other participants, each of which may delegate its duties and responsibilities to committees of Graphjet Technology directors and/or officers (referred to collectively as the “plan administrator” below), subject to certain limitations that may be imposed under stock exchange rules. The plan administrator will have the authority to interpret and adopt rules for the administration of the Equity Incentive Plan, subject to its express terms and conditions. The plan administrator will also set the terms and conditions of all awards under the Equity Incentive Plan, including any vesting and vesting acceleration conditions.

Accounting Policies, by Policy

Accounting Policies, by Policy (Policies)	3 Months Ended	12 Months Ended
Accounting Policies, by Policy (Policies)	Mar. 31, 2024	Sep. 30, 2023
Summary of Significant Accounting Policies [Abstract]
Principles of Consolidation and Financial Statement Presentation		3.1 Basis of Presentation The accompanying financial statements have been prepared in accordance with the accounting principles generally accepted in the United States of America (“GAAP”) as determined by Financial Accounting Standards Board (the “FASB”) within its Accounting Standards Codification (“ASC”) and under the rules and regulations of the United States Securities and Exchange Commission (“SEC”).
Use of Estimates	Use of Estimates The preparation of unaudited condensed consolidated financial statements in conformity with US GAAP requires management to make estimates and assumptions that affect the reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the unaudited condensed consolidated financial statements and the reported amounts of expenses during the reporting period. Making estimates requires management to exercise significant judgment. It is at least reasonably possible that the estimate of the effect of a condition, situation or set of circumstances that existed at the date of the financial statements, which management considered in formulating its estimate, could change in the near term due to one or more future confirming events. Accordingly, the actual results could differ significantly from those estimates.	3.2 Use of Estimates The preparation of the financial statements in conformity with GAAP requires management to make estimates and assumptions that affect reported amounts of assets and liabilities and disclosure of contingent assets and liabilities at the date of the balance sheet and the reported amounts of revenue and expenses during the reporting periods. Actual results could differ significantly from those estimates.
Income Taxes	Income Taxes The Company complies with the accounting and reporting requirements of ASC Topic 740, “Income Taxes,” which requires an asset and liability approach to financial accounting and reporting for income taxes. Deferred income tax assets and liabilities are computed for differences between the financial statement and tax bases of assets and liabilities that will result in future taxable or deductible amounts, based on enacted tax laws and rates applicable to the periods in which the differences are expected to affect taxable income. Valuation allowances are established, when necessary, to reduce deferred tax assets to the amount expected to be realized. ASC Topic 740 prescribes a recognition threshold and a measurement attribute for the financial statement recognition and measurement of tax positions taken or expected to be taken in a tax return. For those benefits to be recognized, a tax position must be more-likely-than-not to be sustained upon examination by taxing authorities. The Company’s management determined Cayman Islands and Malaysia are the Company’s only major tax jurisdictions. The Company recognizes accrued interest and penalties related to unrecognized tax benefits, if any, as income tax expense. There were no The Company is an exempted Cayman Islands company with no connection to any other taxable jurisdiction and is presently not subject to income taxes or income tax filing requirements in the Cayman Islands or the United States. In Malaysia, current tax is the expected tax payable on the taxable income for the year, using tax rates enacted or substantively enacted at the end of the reporting period, and any adjustment to tax payable in respect of previous years. As such, the Company’s tax provision was zero for the three months ended March 31, 2024 and for the year ended September 30, 2023.	3.3 Foreign Currency For the Company, Malaysian Ringgit have been determined to be the functional currency. We translate functional currency assets and liabilities to their U.S. dollar equivalents at exchange rates in effect as of the balance sheet date and income and expense amounts at the average exchange rates for the period. The U.S. dollar’s effects that arise from changing translation rates are recorded in Statements of Comprehensive Loss.
Intangible Assets	Intangible Assets Intangible Assets held by Graphjet consist of Graphene and Graphite patents and are included in the non-current assets in the Unaudited Condensed Consolidated Balance Sheets. Since they lack physical substance and have a limit on their useful life, the patents are considered to be finite-lived intangible assets under ASC 350 Intangibles– Goodwill and Other. Finite-lived intangible assets are subject to amortization over 15 years estimated useful life.	3.4 Intangible Assets Intangible Assets held by the Company consist of Graphene and Graphite patents and are included in the non-current assets in the Balance Sheets. Since they lack physical substance and have a limit on their useful life, the patents are considered to be finite-lived intangible assets under ASC 350 Intangibles-Goodwill and Other
Principles of Consolidation and Financial Statement Presentation	Principles of Consolidation and Financial Statement Presentation The accompanying unaudited condensed consolidated financial statements have been prepared in accordance with accounting principles generally accepted in the United States of America (“U.S. GAAP”) for interim financial statements and Article 8 of Regulation S-X. They do not include all of the information and notes required by U.S. GAAP for complete financial statements. Certain information or footnote disclosures normally included in the financial statements prepared in accordance with GAAP have been condensed or omitted, pursuant to the rules and regulations of the SEC for interim financial reporting. Accordingly, they do not include all the information and footnotes necessary for a complete presentation of financial position, results of operations, or cash flows. In the opinion of management, the accompanying unaudited condensed consolidated financial statements include all adjustments, consisting of a normal recurring nature, which are necessary for a fair statement of the financial position, operating results and cash flows for the periods presented. The results of operations for the six months ended March 31, 2024 are not necessarily indicative of the results to be expected for the full fiscal year ending September 30, 2024 or any future interim period. All intercompany balances and transactions, and any unrealised income and expenses arising from intercompany transactions, are eliminated in preparing the unaudited condensed consolidated financial statements. The Company consolidates Graphjet, an entity that it controls through a majority voting interest and the accompanying financial statements include the accounts of the Company and its wholly owned subsidiary and those for which the Company has a controlling interest in.
Emerging Growth Company	Emerging Growth Company The Company is an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our Business Startups Act of 2012 (the “JOBS Act”), and it may take advantage of certain exemptions from various reporting requirements that are applicable to other public companies that are not emerging growth companies including, but not limited to, not being required to comply with the auditor attestation requirements of Section 404 of the Sarbanes-Oxley Act, reduced disclosure obligations regarding executive compensation in its periodic reports and proxy statements, and exemptions from the requirements of holding a nonbinding advisory vote on executive compensation and shareholder approval of any golden parachute payments not previously approved. Further, Section 102(b)(1) of the JOBS Act exempts emerging growth companies from being required to comply with new or revised financial accounting standards until private companies (that is, those that have not had a Securities Act registration statement declared effective or do not have a class of securities registered under the Securities Exchange Act of 1934 (the “Exchange Act”)) are required to comply with the new or revised financial accounting standards. The JOBS Act provides that a company can elect to opt out of the extended transition period and comply with the requirements that apply to non-emerging growth companies but any such election to opt out is irrevocable. The Company has elected not to opt out of such extended transition period which means that when a standard is issued or revised and it has different application dates for public or private companies, the Company, as an emerging growth company, can adopt the new or revised standard at the time private companies adopt the new or revised standard. This may make comparison of the Company’s financial statements with another public company which is neither an emerging growth company nor an emerging growth company which has opted out of using the extended transition period difficult or impossible because of the potential differences in accounting standards used.
Reverse Recapitalization	Reverse Recapitalization Pursuant to ASC 805-40 Reverse Acquisitions, for financial accounting and reporting purposes, Graphjet was deemed the accounting acquirer with Graphjet Technology being treated as the accounting acquiree, and the Merger was accounted for as a reverse recapitalization (the “Reverse Recapitalization”). Accordingly, the unaudited condensed consolidated financial statements of the Company represent a continuation of the financial statements of Graphjet, with the Merger being treated as the equivalent of Graphjet issuing stock for the net assets of Graphjet Technology, accompanied by a recapitalization. The net assets of Graphjet Technology were stated at historical costs, with no goodwill or other intangible assets recorded, and were consolidated with Graphjet financial statements on the Closing Date. The number of Graphjet common shares for all periods prior to the Closing Date have been retrospectively increased using the exchange ratio that was established in accordance with the Merger Agreement (the “Exchange Ratio”).
Fair Value of Financial Instruments	Fair Value of Financial Instruments Fair value is defined as the price that would be received for sale of an asset or paid for transfer of a liability, in an orderly transaction between market participants at the measurement date. GAAP establishes a three-tier fair value hierarchy, which prioritizes the inputs used in measuring fair value. The hierarchy gives the highest priority to unadjusted quoted prices in active markets for identical assets or liabilities (Level 1 measurements) and the lowest priority to unobservable inputs (Level 3 measurements). These tiers include: ● Level 1, defined as observable inputs such as quoted prices (unadjusted) for identical instruments in active markets; ● Level 2, defined as inputs other than quoted prices in active markets that are either directly or indirectly observable such as quoted prices for similar instruments in active markets or quoted prices for identical or similar instruments in markets that are not active; and ● Level 3, defined as unobservable inputs in which little or no market data exists, therefore requiring an entity to develop its own assumptions, such as valuations derived from valuation techniques in which one or more significant inputs or significant value drivers are unobservable.
Foreign Currency	Foreign Currency For Graphjet, Malaysian Ringgit have been determined to be the functional currency. The functional currency assets and liabilities are translated to their U.S. dollar equivalents at exchange rates in effect as of the balance sheet date and income and expense amounts at the average exchange rates for the period. The U.S. dollar’s effects that arise from changing translation rates are recorded in the Unaudited Condensed Consolidated Statements of Comprehensive Loss.
Net income (loss) per share	Net income (loss) per share The Company complies with accounting and disclosure requirements of ASC Topic 260, “Earnings Per Share.” Net loss per share is computed by dividing net income (loss) by the weighted average number of ordinary shares outstanding during the period, excluding ordinary shares subject to forfeiture. As of March 31, 2024 and September 30, 2023, the calculation of diluted income (loss) per share does not consider the effect of the warrants issued in connection with the Initial Public Offering and warrants issued as components of the Private Placement Units (the “Placement Warrants”) since the exercise of the warrants are contingent upon the occurrence of future events and the inclusion of such warrants would be anti-dilutive. As a result, diluted income (loss) per share is the same as basic loss per share for the periods presented. There are no potential dilutive securities outstanding for the six months period ended March 31, 2024 and March 31, 2023, as a result, diluted loss per share is the same as basic loss per share for the periods presented.
Cash and Cash Equivalents	Cash and Cash Equivalents The Company considers all short-term investments with an original maturity of three months or less when purchased to be cash equivalents that can subject the Company to concentrations of credit risk. Accounts at United States financial institutions are insured by the Federal Deposit Insurance Corporation(“FDIC”) up to $250,000. Accounts at Malaysian financial institutions are insured by the Perbadanan Insurans Deposit Malaysia (“PIDM”) up to RM250,000 155,493 $1,109,216
Property and Equipment, Net	Property and Equipment, Net Property and equipment is stated at historical cost less accumulated depreciation. Expenditures for major renewals and betterments are capitalized, while minor replacements, maintenance, and repairs, which do not extend the asset lives, are charged to operations as incurred. Upon sale or disposition, the cost and related accumulated depreciation is removed from the accounts, and any difference between the selling price and net carrying amount is recorded as a gain or loss in the unaudited condensed consolidated statements of operations. Depreciation on property and equipment is calculated using the straight-line method over the estimated useful lives of the assets.
Risks and Uncertainties	Risks and Uncertainties We are subject to risks and sustained uncertainties about, or worsening of, geopolitical tensions, including further escalation of the war between Russia and Ukraine, further escalation of the conflict between the State of Israel and Hamas, as well as further escalation of tensions between the State of Israel and various countries in the Middle East and North Africa, could result in a global economic slow down and long-term changes to global trade. As a result, the Company’s ability to procure raw materials at the desired price may be affected. Furthermore, the Company’s ability to raise equity and debt financing may be impacted by these events, including as a result of increased market volatility, or decreased market liquidity in third-party financing being unavailable on terms acceptable to the Company or at all. The impact of these events on the world economy and the specific impact on the Company’s financial position, results of operations and its cash flows are not yet determinable. The unaudited condensed consolidated financial statements do not include any adjustments that might result from the outcome of this uncertainty.

Related Party Transactions (Tab

Related Party Transactions (Tables)	3 Months Ended	12 Months Ended
Related Party Transactions (Tables)	Mar. 31, 2024	Sep. 30, 2023
Related Party Transactions [Abstract]
Schedule of Liabilities	Mr. Lim Hooi Beng and Mr. Aw Jeen Rong are the shareholders of the Company and directors of Graphjet. March 31, September 30, 2024 2023 Lim Hooi Beng $ 1,212 $ 2,226 Aw Jeen Rong 6 6 Payables to directors $ 1,218 $ 2,232	The controlling shareholders of the Company are Mr. Lim Hooi Beng and Mr. Aw Jeen Rong. September 30, September 30, Current liabilities Lim Hooi Beng $ - $ 527,057 Payables to directors $ - $ 527,057 Long term liabilities Lim Hooi Beng $ 2,225,388 $ - Aw Jeen Rong $ 6,393 $ - Payables to directors $ 2,231,781 $ -
Schedule of Advance to a Related Company	Pursuant to the terms of the Tenancy Agreement, the tenancy is subject to an initial term of 2 years with a monthly rental of $0.8. March 31, September 30, 2024 2023 Advances to a related company $ 92 $ 97	Pursuant to the terms of the Tenancy Agreement, the tenancy is subject to an initial term of 2 years with a monthly rental of $813. September 30, September 30, 2023 2022 Advance to a related company $ 97,882 $ 108,171

Deposits (Tables)

Deposits (Tables)	3 Months Ended	12 Months Ended
Deposits (Tables)	Mar. 31, 2024	Sep. 30, 2023
Deposits [Abstract]
Schedule of Deposits Consist of Non-Refundable Deposit	The deposits consist of non-refundable deposit for the land to be purchased at Kuantan Integrated Industrial Park and the professional fee related to it, and refundable deposit for the rent of photocopiers. See Note 10 for further discussion. Deposit allocation Nature Terms March 31, September 30, Land to be purchased at Kuantan Integrated Industrial Park Non-refundable 2% upon signing of letter of offer 82 82 Professional service in building Kuantan factory Non-refundable 1.5% upon signing of letter of acceptance 46 46 Public Relations Consulting Services Refundable One month fee charge 25 - Photocopiers rent for offices use Refundable - - Total $ 153 $ 128	The deposits consist of non-refundable deposit for the land purchase at Kuantan Integrated Industrial Park and the professional fee related to it, and refundable deposit for the rent of photocopier. Deposit allocation Nature September 30, September 30, Land purchase at Kuantan Non-refundable 80,989 - Integrated Industrial Park Professional service for Non-refundable 46,462 - Kuantan factory Photocopier rent for office use Refundable 213 - Total $ 127,664 $ -

Debt (Tables)

Debt (Tables)	3 Months Ended	12 Months Ended
Debt (Tables)	Mar. 31, 2024	Sep. 30, 2023
Debt [Abstract]
Schedule of Obtained Loans from External Parties	March 31, September 30, Total interest payable $ 47 $ 35 Total debt and interest payable $ 522 $ 510	September 30, September 30, Total interest payable $ 35,482 $ 12,102 Total debt and interest payable $ 510,234 $ 486,854
Schedule of Interest Payable	Lender Principle Interest Lending date Due Goh Meng Keong $ 432 5% p.a March 22, 2022 September 30, 2024 Goh Seng Wei $ 43 5% p.a May 26, 2022 November 25, 2024	Lender Principle Interest rate Lending date Due Goh Meng Keong $ 431,593 5% p.a March 22, 2022 March 31, 2024 Goh Seng Wei $ 43,159 5% p.a May 26, 2022 May 25, 2024
Schedule of Debt Principal Payments	Principal payments: Amount For year ended September 30, 2024 475 Total $ 475	Principal payments: Amount For year ended September 30, 2024 474,752 For year ended September 30, 2025 - For year ended September 30, 2026 - For year ended September 30, 2027 - For year ended September 30, 2028 - Total 474,752

Patent (Tables)

Patent (Tables)	3 Months Ended	12 Months Ended
Patent (Tables)	Mar. 31, 2024	Sep. 30, 2023
Patent [Abstract]
Schedule of Gross Carrying Amount, Accumulate	All patents are expected to have zero residual value. Below is the gross carrying amount, accumulated amortization, aggregate amortization expense, and next 5 years and thereafter estimate on aggregate amortization expense. As of March 31, 2024 As of September 30, 2023 Patent Acquisition Accumulated Net Accumulated Net Graphite production $ 216 $ (29 ) $ 187 $ (22 ) $ 194 Graphene production 6,258 (834 ) 5,424 (625 ) 5,633 $ 6,474 $ (863 ) $ 5,611 $ (647 ) $ 5,827	All patents are expected to have zero residual value. Below is the gross carrying amount, accumulated amortization, aggregate amortization expense, and next 5 years and thereafter estimate on aggregate amortization expense. As of September 30, 2023 As of September 30, 2022 Gross Gross Acquisition Accumulated carrying Accumulated carrying Patent cost amortization amount amortization amount Graphite production $ 215,796 $ (21,580 ) $ 194,216 $ (7,193 ) $ 208,602 Graphene production 6,258,092 (625,809 ) 5,632,283 (208,603 ) 6,049,490 $ 6,473,888 $ (647,389 ) $ 5,826,499 $ (215,796 ) $ 6,258,092
Schedule of Patent Acquisition Cost	Estimated amortization expense: Amount For year ended September 30, 2024 324 For year ended September 30, 2025 432 For year ended September 30, 2026 432 For year ended September 30, 2027 432 For year ended September 30, 2028 432 Thereafter 3,559 Total $ 5,611	Estimated amortization expense: Amount For year ended September 30, 2024 431,593 For year ended September 30, 2025 431,593 For year ended September 30, 2026 431,593 For year ended September 30, 2027 431,593 For year ended September 30, 2028 431,593 Thereafter 3,668,534 Total 5,826,499

Property and Equipment (Tables)

Property and Equipment (Tables)	3 Months Ended
Property and Equipment (Tables)	Mar. 31, 2024
Property and Equipment [Abstract]
Schedule of Property and Equipment Included in Continuing Operations	Property and equipment included in continuing operations consist of the following: March 31, September 30, Office equipment $ 9 $ 2 Renovation 34 - Construction in progress – Machineries yet to be assembled 1,223 - Property, and equipment, cost $ 1,266 $ 2 Less: accumulated depreciation (2 ) - Property, and equipment, net $ 1,264 $ 2

Commitments and Contingencies (

Commitments and Contingencies (Tables)	3 Months Ended
Commitments and Contingencies (Tables)	Mar. 31, 2024
Commitments and Contingencies [Abstract]
Schedule of No Commitment and Contingency Other than those Stated	As of March 31, 2024, there were no commitment and contingency other than those stated below: March 31, Commitments and Contingencies Terms 2024 Land to be purchased at Kuantan Integrated Industrial Park 8% of purchase price upon signing of Sales and Purchase Agreement and 90% within 9 months after signing of Sale and Purchase Agreement $ 3,944 Professional service in building Kuantan factory 98.5% of total contract value and payments at progressive claims basis 1,920 Rental of premises Rental expense from April 2024 to January 2025 108 $ 5,972

Organization and Nature of Op_2

Organization and Nature of Operations (Details)	3 Months Ended	12 Months Ended
Organization and Nature of Operations (Details)	Mar. 31, 2024	Sep. 30, 2023
Organization and Nature of Operations [Abstract]
Percentage of anode battery material.	98%	98%

Financial Condition and Manag_2

Financial Condition and Management’s Plan (Details) - USD ($)	3 Months Ended				6 Months Ended		12 Months Ended
	Mar. 31, 2024	Dec. 31, 2023	Mar. 31, 2023	Dec. 31, 2022	Mar. 31, 2024	Mar. 31, 2023	Sep. 30, 2023	Sep. 30, 2022
Financial Condition and Management’s Plan [Abstract]
Net loss	$ (11,594,000)	$ (424,000)	$ (666,000)	$ (330,000)	$ (12,018,000)	$ (996,000)	$ (2,340,661)	$ (913,660)
Current assets							$ 423,078

Summary of Significant Accoun_2

Summary of Significant Accounting Policies (Details)	3 Months Ended	12 Months Ended
Summary of Significant Accounting Policies (Details)	Mar. 31, 2024 USD ($)	Sep. 30, 2023 USD ($)	Mar. 31, 2024 MYR (RM)
Summary of Significant Accounting Policies [Line Items]
Estimated useful life	15 years	15 years	15 years
Unrecognized tax benefits
Income tax provision	0	$ 0
Federal depository insurance coverage amount	250,000,000
Cash	$ 11,092,160,000		RM 5,155,493,000
Convertible Debt [Member]
Summary of Significant Accounting Policies [Line Items]
Insurance Deposit (in Ringgits) \| RM			RM 250,000

Related Party Transactions (Det

Related Party Transactions (Details) - USD ($)	Mar. 31, 2024	Mar. 11, 2024	Sep. 30, 2023	Sep. 30, 2022	Jul. 01, 2022	Mar. 10, 2022
Related Party Transactions [Line Items]
Owned percentage	13.80%		20%
Payable			$ 5,756,000
Production line				$ 110,955
Initial term					2 years
Rental amount					$ 813
Working capital loan	96,000
Loans Payable	47,000		$ 35,000	$ 12,102
Issued ordinary shares		1,275,000		2,500,100
Ordinary shares per share		$ 4		$ 0.2405
Outstanding balance		$ 5,100,000		$ 601,274
Payable	$ 656,000
Mr. Lim Hooi Beng [Member]
Related Party Transactions [Line Items]
Owned percentage	20%		14.50%	14.50%
Common shares	13.80%		14.50%
Mr. Lim Hooi Beng [Member] \| ZhongHe Industries Sdn Bhd [Member]
Related Party Transactions [Line Items]
Owned percentage			20%	20%
Mr. Aw Jeen Rong [Member]
Related Party Transactions [Line Items]
Owned percentage			6.30%	6.30%
Common shares	6%		6.30%
Mr. Liu Yu [Member]
Related Party Transactions [Line Items]
Common shares	24.30%		25.50%	38%
Payable						$ 6,258,000
Graphjet [Member]
Related Party Transactions [Line Items]
Common shares			25.50%
Promissory Note [Member] \| Sponsor [Member]
Related Party Transactions [Line Items]
Principal amount						$ 6,258,092
Loans Payable	$ 1,142,000
Common Stock [Member]
Related Party Transactions [Line Items]
Payable	$ 1,218,000		$ 2,232,000	$ 5,756,366
Issued ordinary shares		775,000
Ordinary shares per share		$ 4
Outstanding balance		$ 3,100,000
Common Stock [Member] \| Parent Company [Member]
Related Party Transactions [Line Items]
Payable			$ 5,756,366

Related Party Transactions (D_2

Related Party Transactions (Details) - Schedule of Liabilities - USD ($) $ in Thousands	Sep. 30, 2023	Sep. 30, 2022
Current liabilities
Payables to directors	$ 2,231,781	$ 527,057
Lim Hooi Beng [Member]
Current liabilities
Payables to directors	2,225,388	$ 527,057
Aw Jeen Rong [Member]
Current liabilities
Payables to directors	$ 6,393

Related Party Transactions (D_3

Related Party Transactions (Details) - Schedule of Advance to a Related Company - USD ($)	Mar. 31, 2024	Sep. 30, 2023	Sep. 30, 2022
Related Party Transaction [Line Items]
Advance to a related company	$ 92,000	$ 97,000	$ 108,171
Parent Company [Member]
Related Party Transaction [Line Items]
Advance to a related company		$ 97,882

Deposits (Details) - Schedule o

Deposits (Details) - Schedule of Deposits Consist of Non-Refundable Deposit - USD ($)	Mar. 31, 2024	Sep. 30, 2023	Sep. 30, 2022
Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Total deposit allocation	$ 153,000	$ 128,000
Land purchase at Kuantan Integrated Industrial Park [Member]
Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Nature of deposit	Non-refundable	Non-refundable
Total deposit allocation	$ 82,000	$ 82,000
Professional service for Kuantan factory [Member]
Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Nature of deposit	Non-refundable	Non-refundable
Total deposit allocation	$ 46,000	$ 46,000
Photocopier rent for office use Refundable [Member]
Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Total deposit allocation
Parent Company [Member]
Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Total deposit allocation		127,664
Parent Company [Member] \| Land purchase at Kuantan Integrated Industrial Park [Member]
Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Total deposit allocation		80,989
Parent Company [Member] \| Professional service for Kuantan factory [Member]
Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Total deposit allocation		46,462
Parent Company [Member] \| Photocopier rent for office use Refundable [Member]
Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Total deposit allocation		$ 213

Shareholders_ Equity (Details)

Shareholders’ Equity (Details) - USD ($)	3 Months Ended
Shareholders’ Equity (Details) - USD ($)	Mar. 31, 2024	Mar. 11, 2024	Sep. 30, 2023	Dec. 31, 2022	Sep. 30, 2022
Shareholders’ Equity [Line Items]
Preferred stock, shares issued
Preferred stock, shares outstanding
Shares divided	1,000,000
Common stock, par value (in Dollars per share)		$ 4			$ 0.2405
Common stock shares issued		1,275,000			2,500,100
Common stock share outstanding					2,500,100
Common stock vote	one
Class A Ordinary Shares [Member]
Shareholders’ Equity [Line Items]
Shares divided	479,000,000
Common stock, par value (in Dollars per share)	$ 0.0001		$ 0.2405
Common stock shares issued	146,741,306		2,500,100
Common stock share outstanding	146,741,306		2,500,100
Common Class B [Member]
Shareholders’ Equity [Line Items]
Shares divided	20,000,000
Common stock, par value (in Dollars per share)	$ 0.0001		$ 0.0001
Common stock shares issued
Common stock share outstanding
Common Stock [Member]
Shareholders’ Equity [Line Items]
Authorized share capital (in Dollars)	$ 50,000,000
Common stock, par value (in Dollars per share)	$ 0.0001
Common Stock [Member] \| Class A Ordinary Shares [Member]
Shareholders’ Equity [Line Items]
Common stock, par value (in Dollars per share)	$ 0.0001
Common stock shares issued	146,741,306
Common stock share outstanding	146,741,306

Debt (Details)

Debt (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
Debt (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Sep. 30, 2023	Sep. 30, 2022
Debt [Abstract]
Obtained loans			$ 475,000		$ 474,752
Interest expense	$ 6,000	$ 6,000	$ 12,000	$ 12,000	$ 35,482	$ 12,102

Debt (Details) - Schedule of Ob

Debt (Details) - Schedule of Obtained Loans from External Parties - USD ($)	Mar. 31, 2024	Sep. 30, 2023	Sep. 30, 2022
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total interest payable	$ 47,000	$ 35,000	$ 12,102
Total debt and interest payable	$ 522,000	510,000	$ 486,854
Previously Reported [Member]
Fair Value, Balance Sheet Grouping, Financial Statement Captions [Line Items]
Total interest payable		35,482
Total debt and interest payable		$ 510,234

Debt (Details) - Schedule of In

Debt (Details) - Schedule of Interest Payable - USD ($)	3 Months Ended	12 Months Ended
Debt (Details) - Schedule of Interest Payable - USD ($)	Mar. 31, 2024	Sep. 30, 2023
Goh Meng Keong [Member]
Schedule of Interest Payable [Line Items]
Principle	$ 432,000	$ 431,593
Interest rate	5%	5%
Lending date	Mar. 22, 2022	Mar. 22, 2022
Due	Sep. 30, 2024	Mar. 31, 2024
Goh Seng Wei [Member]
Schedule of Interest Payable [Line Items]
Principle	$ 43,000	$ 43,159
Interest rate	5%	5%
Lending date	May 26, 2022	May 26, 2022
Due	Nov. 25, 2024	May 25, 2024

Debt (Details) - Schedule of De

Debt (Details) - Schedule of Debt Principal Payments - USD ($)	Mar. 31, 2024	Sep. 30, 2023
Schedule of Debt Principal Payments [Abstract]
For year ended September 30, 2024		$ 474,752
For year ended September 30, 2025
For year ended September 30, 2026
For year ended September 30, 2027
For year ended September 30, 2028
Total	$ 475,000	$ 474,752

Patent (Details)

Patent (Details) - USD ($)	Mar. 31, 2024	Sep. 30, 2023
Patent [Abstract]
Finite useful life	15 years	15 years
Residual value (in Dollars)		$ 0

Patent (Details) - Schedule of

Patent (Details) - Schedule of Gross Carrying Amount, Accumulate - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Sep. 30, 2022	Sep. 30, 2023
Schedule of Gross Carrying Amount, Accumulate [Line Items]
Graphite production and Graphene production, Acquisition cost	$ 6,474,000	$ 6,473,888
Graphite production and Graphene production, Accumulated amortization	(863,000)	(215,796)	$ (647,000)
Graphite production and Graphene production, Net carrying amount	5,611,000	6,258,092	5,827,000
Graphite production [Member]
Schedule of Gross Carrying Amount, Accumulate [Line Items]
Graphite production and Graphene production, Acquisition cost	216,000	215,796
Graphite production and Graphene production, Accumulated amortization	(29,000)	(7,193)	(22,000)
Graphite production and Graphene production, Net carrying amount	187,000	208,602	194,000
Graphene production [Member]
Schedule of Gross Carrying Amount, Accumulate [Line Items]
Graphite production and Graphene production, Acquisition cost	6,258,000	6,258,092
Graphite production and Graphene production, Accumulated amortization	(834,000)	(208,603)	(625,000)
Graphite production and Graphene production, Net carrying amount	$ 5,424,000	$ 6,049,490	5,633,000
Parent Company [Member]
Schedule of Gross Carrying Amount, Accumulate [Line Items]
Graphite production and Graphene production, Accumulated amortization			(647,389)
Graphite production and Graphene production, Net carrying amount			5,826,499
Parent Company [Member] \| Graphite production [Member]
Schedule of Gross Carrying Amount, Accumulate [Line Items]
Graphite production and Graphene production, Accumulated amortization			(21,580)
Graphite production and Graphene production, Net carrying amount			194,216
Parent Company [Member] \| Graphene production [Member]
Schedule of Gross Carrying Amount, Accumulate [Line Items]
Graphite production and Graphene production, Accumulated amortization			(625,809)
Graphite production and Graphene production, Net carrying amount			$ 5,632,283

Patent (Details) - Schedule o_2

Patent (Details) - Schedule of Patent Acquisition Cost - USD ($)	Mar. 31, 2024	Sep. 30, 2023
Schedule of Patent Acquisition Cost [Abstract]
For year ended September 30, 2024	$ 432,000	$ 431,593
For year ended September 30, 2025	432,000	431,593
For year ended September 30, 2026	432,000	431,593
For year ended September 30, 2027	432,000	431,593
For year ended September 30, 2028		431,593
Thereafter	3,559,000	3,668,534
Total	$ 5,611,000	$ 5,826,499

Going Concern and Liquidity (De

Going Concern and Liquidity (Details) - Going Concern and Liquidity [Member] $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Going Concern and Liquidity (Details) [Line Items]
Net loss	$ 11,594
Current liability	$ 378

Deposits (Details) - Schedule_2

Deposits (Details) - Schedule of Deposits Consist of Non-Refundable Deposit - USD ($) $ in Thousands	Mar. 31, 2024	Sep. 30, 2023	Sep. 30, 2022
Deposits (Details) - Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Total deposit allocation	$ 153	$ 128
Land to be purchased at Kuantan Integrated Industrial Park [Member]
Deposits (Details) - Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Nature	Non-refundable	Non-refundable
Terms	2% upon signing of letter of offer
Total deposit allocation	$ 82	$ 82
Professional service in building Kuantan factory [Member]
Deposits (Details) - Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Nature	Non-refundable	Non-refundable
Terms	1.5% upon signing of letter of acceptance
Total deposit allocation	$ 46	$ 46
Public Relations Consulting Services [Member]
Deposits (Details) - Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Nature	Refundable
Terms	One month fee charge
Total deposit allocation	$ 25
Photocopiers Rent for Offices Use [Member]
Deposits (Details) - Schedule of Deposits Consist of Non-Refundable Deposit [Line Items]
Nature	Refundable
Terms
Total deposit allocation

Patent (Details) - Schedule o_3

Patent (Details) - Schedule of Gross Carrying Amount, Accumulate - USD ($)	3 Months Ended	12 Months Ended
	Mar. 31, 2024	Sep. 30, 2022	Sep. 30, 2023
Finite-Lived Intangible Assets [Line Items]
Graphite production, Acquisition cost	$ 6,474,000	$ 6,473,888
Graphite production, Accumulated amortization	(863,000)	(215,796)	$ (647,000)
Graphite production, Net carrying amount	5,611,000	6,258,092	5,827,000
Graphite production [Member]
Finite-Lived Intangible Assets [Line Items]
Graphite production, Acquisition cost	216,000	215,796
Graphite production, Accumulated amortization	(29,000)	(7,193)	(22,000)
Graphite production, Net carrying amount	187,000	208,602	194,000
Graphene production [Member]
Finite-Lived Intangible Assets [Line Items]
Graphite production, Acquisition cost	6,258,000	6,258,092
Graphite production, Accumulated amortization	(834,000)	(208,603)	(625,000)
Graphite production, Net carrying amount	$ 5,424,000	$ 6,049,490	$ 5,633,000

Patent (Details) - Schedule o_4

Patent (Details) - Schedule of Patent Acquisition Cost - USD ($)	Mar. 31, 2024	Sep. 30, 2023
Schedule of Patent Acquisition Cost [Abstract]
For year ended September 30, 2024	$ 324,000
For year ended September 30, 2025	432,000	$ 431,593
For year ended September 30, 2026	432,000	431,593
For year ended September 30, 2027	432,000	431,593
For year ended September 30, 2028	432,000	431,593
Thereafter	3,559,000	3,668,534
Total	$ 5,611,000	$ 5,826,499

Property and Equipment (Details

Property and Equipment (Details) - USD ($)	3 Months Ended		6 Months Ended		12 Months Ended
Property and Equipment (Details) - USD ($)	Mar. 31, 2024	Mar. 31, 2023	Mar. 31, 2024	Mar. 31, 2023	Sep. 30, 2023	Sep. 30, 2022
Property and Equipment (Details) [Line Items]
Depreciation expenses	$ 1,000		$ 2,000		$ 103	$ 78
Total cost	$ 1,223,000
Office equipment [Member]
Property and Equipment (Details) [Line Items]
Property and equipment	20%		20%
Renovation [Member]
Property and Equipment (Details) [Line Items]
Property and equipment	20%		20%

Property and Equipment (Detai_2

Property and Equipment (Details) - Schedule of Property and Equipment Included in Continuing Operations - USD ($) $ in Thousands	Mar. 31, 2024	Sep. 30, 2023
Property, Plant and Equipment [Line Items]
Property, and equipment, cost	$ 1,266	$ 2
Less: accumulated depreciation	(2)
Property, and equipment, net	1,264	2
Office equipment [Member]
Property, Plant and Equipment [Line Items]
Property, and equipment, cost, Gross	9	2
Renovation [Member]
Property, Plant and Equipment [Line Items]
Property, and equipment, cost, Gross	34
Construction in progress – Machineries yet to be assembled [Member]
Property, Plant and Equipment [Line Items]
Property, and equipment, cost, Gross	$ 1,223

Debt (Details) - Schedule of _2

Debt (Details) - Schedule of Obtained Loans from External Parties - USD ($)	Mar. 31, 2024	Sep. 30, 2023	Sep. 30, 2022
Schedule of Obtained Loans from External Parties [Abstract]
Total interest payable	$ 47,000	$ 35,000	$ 12,102
Total debt and interest payable	$ 522,000	$ 510,000	$ 486,854

Debt (Details) - Schedule of _3

Debt (Details) - Schedule of Interest Payable - USD ($)	3 Months Ended	12 Months Ended
Debt (Details) - Schedule of Interest Payable - USD ($)	Mar. 31, 2024	Sep. 30, 2023
Goh Meng Keong [Member]
Schedule of Interest Payable [Line Items]
Principle	$ 432,000	$ 431,593
Interest rate	5%	5%
Lending date	Mar. 22, 2022	Mar. 22, 2022
Due	Sep. 30, 2024	Mar. 31, 2024
Goh Seng Wei [Member]
Schedule of Interest Payable [Line Items]
Principle	$ 43,000	$ 43,159
Interest rate	5%	5%
Lending date	May 26, 2022	May 26, 2022
Due	Nov. 25, 2024	May 25, 2024

Debt (Details) - Schedule of _4

Debt (Details) - Schedule of Debt Principal Payments - USD ($)	Mar. 31, 2024	Sep. 30, 2023
Schedule of Debt Principal Payments [Abstract]
For year ended September 30, 2024	$ 475,000
Total	$ 475,000	$ 474,752

Accrued Bonus (Details)

Accrued Bonus (Details) - USD ($) $ in Thousands	3 Months Ended	6 Months Ended
Accrued Bonus (Details) - USD ($) $ in Thousands	Mar. 31, 2024	Mar. 31, 2024	Mar. 31, 2023	Feb. 29, 2024
Accrued Bonus (Details) [Line Items]
Bonus amount				$ 13,800
Shareholders total value		$ 1,380,000
Provision balance	$ 10,153	$ 10,153
Graphjet Technology [Member]
Accrued Bonus (Details) [Line Items]
Issuance percentage				1%

Related Party Transactions (D_4

Related Party Transactions (Details) - Schedule of Advance to a Related Company - USD ($)	Mar. 31, 2024	Sep. 30, 2023	Sep. 30, 2022
Schedule of Advance to a Related Company [Abstract]
Advances to a related company	$ 92,000	$ 97,000	$ 108,171

Related Party Transactions (D_5

Related Party Transactions (Details) - Schedule of Long Term Liabilities - USD ($) $ in Thousands	Mar. 31, 2024	Sep. 30, 2023
Schedule of Long Term Liabilities [Line Items]
Payables to directors	$ 1,218	$ 2,232
Lim Hooi Beng [Member]
Schedule of Long Term Liabilities [Line Items]
Payables to directors	1,212	2,226
Aw Jeen Rong [Member]
Schedule of Long Term Liabilities [Line Items]
Payables to directors	$ 6	$ 6

Commitments and Contingencies_2

Commitments and Contingencies (Details) - Schedule of No Commitment and Contingency Other than those Stated $ in Thousands	3 Months Ended
	Mar. 31, 2024 USD ($)
Long-Term Purchase Commitment [Line Items]
Total	$ 5,972
Land to be purchased at Kuantan Integrated Industrial Park [Member]
Long-Term Purchase Commitment [Line Items]
Commitments and Contingencies, term	8% of purchase price upon signing of Sales and Purchase Agreement and 90% within 9 months after signing of Sale and Purchase Agreement
Total	$ 3,944
Professional service in building Kuantan factory [Member]
Long-Term Purchase Commitment [Line Items]
Commitments and Contingencies, term	98.5% of total contract value and payments at progressive claims basis
Total	$ 1,920
Rental of premises [Member]
Long-Term Purchase Commitment [Line Items]
Commitments and Contingencies, term	Rental expense from April 2024 to January 2025
Total	$ 108

Equity Incentive Plan (Details)

Equity Incentive Plan (Details)	Feb. 28, 2024
Equity Incentive Plan [Member]
Equity Incentive Plan (Details) [Line Items]
Equity incentive plan	10%