Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 322

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 322
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vements 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.

<div align='center'>F-76

BAN LEONG TECHNOLOGIES LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Amounts in Singapore dollars (“$”)</div>

| 3. | Cash and cash equivalents |

|                           |     | As of March 31, |       2025 |     |   |       2024 |
|:--------------------------|:----|:----------------|-----------:|:----|:--|-----------:|
|                           |     | $               |            |     | $ |            |
| Cash at banks             |     |                 | 21,045,890 |     |   | 18,056,836 |
| Cash on hand              |     |                 |      7,713 |     |   |     12,163 |
| Cash and cash equivalents |     |                 | 21,053,603 |     |   | 18,068,999 |

Cash at bank earns interest at floating
rates based on daily bank deposit rates.

Included in cash and cash equivalents
of the Company are amounts denominated in foreign currencies as follows:

|                       |     | As of March 31, |      2025 |     |   |      2024 |
|:----------------------|:----|:----------------|----------:|:----|:--|----------:|
|                       |     | $               |           |     | $ |           |
| United States Dollars |