Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 321

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 321
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,368 | ) |     |   |  (19,806 | ) |
| THB |     | - |     | strengthened by 3% (2024: 3%) |     |                              |  128,912 |   |     |   |  139,583 |   |
|     |     | - |     | weakened by 3% (2024: 3%)     |     |                              | (128,912 | ) |     |   | (139,583 | ) |

Adoption of new accounting pronouncements

Effective April 1, 2024, the Company
adopted the amended guidance of Accounting Standards Codification (ASC) 848, Reference Rate Reform, which provides optional expedients
and exceptions for applying GAAP to contracts, hedging relationships, and other transactions affected by reference rate reform if certain
criteria are met. The guidance applies only to contracts, hedging relationships, and other transactions that reference LIBOR or another
reference rate expected to be discontinued because of reference rate reform. The transition did not have an impact on the consolidated
financial statements.

Recent accounting pronouncements

Effective March 31, 2026, the Company
will be required to adopt ASU 2023-09, Income Taxes (Topic 740): Improvements to Income Tax Disclosures, which enhances the transparency
and decision usefulness of income tax disclosures. The amendments address investor requests for more transparency about income tax information
through improvements to income tax disclosures primarily related to the rate reconciliation and income taxes paid information. The adoption
of the amended guidance will result in expanded disclosures in the Company’s income taxes footnote but is not expected to have
an impact on the consolidated financial statements.

Effective March 31, 2028, the Company
will be required to adopt ASU 2024-03, Income Statement—Reporting Comprehensive Income — Expense Disaggregation Disclosures
(Subtopic 220-40): Disaggregation of income statement expenses, which will require tabular disclosure of certain operating expenses disaggregated
into categories, such as purchases of inventory, employee compensation, depreciation, and intangible asset amortization. The adoption
of the amended guidance will result in expanded disclosures in the Company’s footnotes but is not expected to have an impact on
the consolidated financial statements.

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BAN LEONG TECHNOLOGIES LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Amounts in Singapore dollars (“