Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 248

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 248
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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      |           |   |
|:--------------------------------|:----|:----------|----------:|:--|:----|:----------|----------:|:--|:----|:----------|----------:|:--|
| Weighted-average remaining term |     |           |           |   |     |           |           |   |     |           |           |   |
| Operating lease                 |     |           | 1.1 years |