Company: GDSTR
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014248
Chunk: 108

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-02-14
Form: 10-Q
Item: Item 8
Chunk 108
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as the Company was required to pay estimated federal income taxes payments for the year ending March 31, 2025 based on the actual year
ending March 31, 2024 federal income taxes payments. The Company is expected to refund the prepaid income taxes balance when it will file
the federal income tax return in July 2025.

NOTE 10 — SUBSEQUENT EVENTS

The Company evaluated subsequent events and transactions
that occurred after the balance sheet date through February 14, 2025 when these unaudited condensed financial statements were issued.
Based on this review, except as disclosed below, the Company did not identify any other subsequent events that would require adjustment
or disclosure in the unaudited condensed consolidated financial statements.

In January 2025, the Company issued an unsecured promissory note in
the principal amount of $50,000 to the Sponsor. The proceeds of the promissory note were deposited into the Company’s Trust
Account for the public stockholders, which enables the Company to extend the period of time it has to consummate its initial Business
Combination from January 21, 2025 to February 21, 2025.

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ITEM 2. Management’s Discussion and Analysis of Financial
Condition and Results of Operations

References to the “Company,” “Goldenstone”
“our,” “us” or “we” refer to Goldenstone Acquisition Limited. The following discussion and analysis
of the Company’s financial condition and results of operations should be read in conjunction with the unaudited interim condensed
consolidated financial statements and the notes thereto contained elsewhere in this report. Certain information contained in the discussion
and analysis set forth below includes forward-looking statements that involve risks and uncertainties.

Cautionary Note Regarding Forward-Looking Statements

This Current Report on Form 10-Q includes
forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the
Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements on our
current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks,
uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be
materially different from any future results, levels of activity, performance or achievements expressed or implied by such
forward-looking statements. In some cases, you can identify forward-looking