Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 238

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 238
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%, and10% 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(SGD75,000)
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(HKD800,000) 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(MYR250,000) 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(BRL250,000) per depositor per financial institution. As of March 31, 2025, and March 31,
2024, the Company had cash balances of $7,526and $0maintained in Brazilian financial institutions, of which $0were subject to credit
risk. The China’s Deposit Insurance Fund (DIF) provides deposit insurance coverage of up to $68,902(RMB500,000) per depositor
per financial institution. As of March 31, 2025, and March 31, 2024, the Company had cash balances of $377,982and $0maintained
in China’s financial institutions, of which $309,048and $0were subject to credit risk, respectively.

While