Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 266

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 266
---
     |   | March 31, 
      2024 |     |   | March 31, 
      2023 |   |
|:-----------------------|:----|:--|----------:|:--|:----|:--|----------:|:----|:--|----------:|:--|
| Beginning balance      |     | $ |   209,412 |   |     | $ |    51,755 |     | $ |    71,227 |   |
| (Recovery) Addition    |     |   |   (94,786 | ) |     |   |   157,623 |     |   |   (10,105 | ) |
| Write-off              |     |   |         - |   |     |   |         - |     |   |    (8,894 | ) |
| Translation adjustment |     |   |       166 |   |     |   |        34 |     |   |      (473 | ) |
| Ending balance         |     | $ |   114,792 |   |     | $ |   209,412 |     | $ |    51,755 |   |

<div align='center'>F-37

GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

Note 10 — Loan to third party

Loan to third party consist of the following:

| Name of third party* 
 2 Game LLC           |     | Maturities                                        
 Repay in two installments, to be due on September 
 1, 2025, and March 1, 2026                        |     | Interest Rate                  
 10% started from April 1, 2025 |     | As of     
 March 31, 
 2025      | 382,024 |     | As of     
 March 31, 
 2024      | - |
|:---------------------|:----|:--------------------------------------------------|:----|:-------------------------------|:----|:----------|--------:|:----|:----------|:--|
| Total                |     |                                                   |     |                                |     | $         | 382,024 |     | $         | - |

2Game LLC is an e-sports
company engaged in digital gaming and online tournament operations. In order to promote 2Game’s platform and create potential business
sy