Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 293

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 293
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 on a straight-line basis over the lease
term and variable lease payments in the period in which the obligation for those payments is incurred.

The Company’s lease
agreements do not contain any material residual value guarantees or material restrictive covenants.

The Company recognized lease
expense on a straight-line basis over the lease term for operating lease. Meanwhile, the Company recognized the finance leases ROU assets
and interest on an amortized cost basis.

The amortization of finance
ROU assets is recognized on straight-line basis as amortization expense, while the lease liability is increased to reflect interest on
the liability and decreased to reflect the lease payments made during the period.

Operating and finance lease expenses consist of the following:

|                               |     |                                     |     | For the Years Ended March 31, |           |     |      |         |     |      |         |
|                               |     | Classification                      |     |                          2025 |           |     | 2024 |         |     | 2023 |         |
| Operating lease cost          |     |                                     |     |                               |           |     |      |         |     |      |         |
| Lease expenses                |     | General and administrative          |     |                               |   879,255 |     |      | 866,481 |     |      | 675,655 |
| Finance lease cost            |     |                                     |     |                               |           |     |      |         |     |      |         |
| Amortization of leased asset  |     | General and administrative          |     |                               |   113,207 |     |      |  43,900 |     |      |  26,556 |
| Interest on lease liabilities |     | Interest expenses on finance leases |     |                               |    11,663 |     |      |   4,234 |     |      |   3,389 |
| Total lease expenses          |     |                                     |     |                             $ | 1,004,125 |     |    $ | 914,615 |     |    $ | 705,600 |

Weighted-average remaining term and discount
rate related to leases were as follows:

|                                 |     | As of     
 March 31, 
 2025      |           |   |     | As of     
 March 31, 
 2024      |           |   |     | As of     
 March 31, 
 2023      |           |