Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 231

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 231
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      |  25,896,000 |   |

<div align='center'>The accompanying notes are an integral part of these consolidated financial statements.

F-18

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

STATEMENTS OF CHANGE IN SHAREHOLDERS’ EQUITY
For the Years Ended March 31, 2024 and 2023
(Stated in U.S. dollar, except for the number of shares)</div>

|                                                                                       |     | Ordinary share 
 Shares         |            |     | Par value |       |     | Additional 
 paid-in    
 capital    |           |   |     | Retained 
 earnings |            |   |     | Accumulated   
 other         
 comprehensive 
 loss          |          |   |     | Non-        
 controlling 
 interest    |           |   |     | Total         
 stockholders’ 
 equity        |            |   |
|:--------------------------------------------------------------------------------------|:----|:---------------|-----------:|:----|:----------|------:|:----|:-----------|----------:|:--|:----|:---------|-----------:|:--|:----|:--------------|:---------|:--|:----|:------------|----------:|:--|:----|:--------------|-----------:|:--|
| Balance as of March 31, 2022                                                          |     |                | 25,896,000 |     | $         | 2,590 |     | $          | 1,102,505 |   |     | $        | 11,325,759 |   |     | $             | (3,524   | ) |     | $           |    23,774 |   |     |               | 12,451,104 |   |
| Net income                                                                            |     |                |          — |     |           |     — |     |            |         — |   |     |          |  1,986,119 |   |     |               | —        |   |     |             |   154,551 |   |     |               |  2,140,670 |   |
| Recognition of non-controlling interest from acquisition of a subsidiary              |     |                |          — |     |           |     — |     |            |         — |   |     |          |          — |   |     |               | —        |   |     |             | 2,590,000 |