Company: GCL
Filing Date: 2025-04-03
Form Type: F-1
Source: 0001213900-25-028608
Chunk: 335

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-03
Form: F-1
Chunk 335
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,817 |
| Bank Loans, current                  |           |                                        |               |     |           |     |                                                                                                                                                |                      | $          |         14,270,394 |     | $ |      8,812,807 |
| Bank Loan, non-current               |           |                                        |               |     |           |     |                                                                                                                                                |                      | $          |             67,908 |     | $ |        208,010 |

| * | From October 2024 to the date of the issuance of these unaudited                         
 condensed consolidated financial statements, the Company obtained twelve short term bank 
 loans from HSBC Bank for an aggregate total of approximately $5.0 million to be due from 
 December 2024 to March 205. These bank loans bear interest rates per annum from          
 6.1% to 6.3%.                                                                            |

The
interest expense pertained to above banking facilities for the six months ended September 30, 2024 and 2023 were $295,019 and $207,109
respectively. The weighted-average interest rate pertaining to above mentioned bank loans were 7.1% and 6.0%, respectively, for the six
months ended September 30, 2024 and 2023, respectively.

| Note 11 — Other payables and accrued liabilities |

|                                              |     | September 30, 
 2024          
 (Unaudited)   |           |     | March 31, 
 2024      |           |
|:---------------------------------------------|:----|:--------------|----------:|:----|:----------|----------:|
| Accrued payroll and welfare                  |     | $             |   167,974 |     | $         |   165,523 |
| Accrued expenses (i)                         |     |               |   759,799 |     |           | 1,381,338 |
| Other payables (ii)                          |     |               | 3,025,259 |     |           | 1,554,725 |
| Total accrued expenses and other liabilities |     | $             | 3,953,032 |     | $         | 3,101,586 |

| (i) | The balance of accrued expenses represented accrued professional 
 fee, and other miscellaneous fees.                               |

| (ii) | The balance of other payable mainly consists of the deposit received                            
 from a third party as co- publisher’s minimum