Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 262

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 262
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 and b are accounted for approximately 34% and 21% of the Company’s total cost of goods sold, respectively For the year ended March 31, 2023, three vendors a, b, and c are accounted for approximately 25%, 14% and 12% of the Company’s total cost of goods sold, respectively. As of March 31, 2025, vendors h, a, and e accounted for approximately 46%, 16% and 16% of the Company’s total balance of accounts payable, respectively. As of March 31, 2024, vendors a, h and f accounted for approximately 29%, 12%, and 10% of the Company’s total balance of accounts payable, respectively. (3) Credit risk Financial instruments that are potentially subject to significant concentrations of credit risk consist primarily of cash. The Singapore Deposit Insurance Corporation Limited (SDIC) insures deposits in a Deposit Insurance (DI) Scheme member bank or finance /Company up to approximately $ 55,783(SGD 75,000) per account. As of March 31, 2025 and 2024, the Company had cash balance of $ 17,323,837, and $ 2,483,834was maintained at DI Scheme banks in Singapore, of $ 16,379,947and $ 2,256,282was subject to credit risk, respectively. The Hong Kong Deposit Protection Board pays compensation up to a limit of $ 102,829(HKD 800,000) if the bank with which an individual/a Company hold its eligible deposit fails. As of March 31, 2025 and 2024, cash balance of $ 427,289and $ 135,184was maintained at financial institutions in Hong Kong, of which $ 218,660and $ 42,448were subject to credit risk, respectively. The Malaysia deposit insurance corporation (PIDM) standard insurance amount is up to $ 56,351(MYR 250,000) per depositor per insured bank. As of March 31, 2025 and 2024, the Company had cash balance of $ 110,745and $ 58,041was maintained at banks in Malaysia, of $ 50,485and $ 1,663was subject to credit risk. The Brazilian Deposit Insurance System (FGC) provides deposit insurance coverage of up to $ 43,550(BRL 250,000) per depositor per financial institution