Company: BCAR
Filing Date: 2025-06-30
Form Type: S-1/A
Source: 0001829126-25-004773
Chunk: 331

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-06-30
Form: S-1/A
Chunk 331
---
 to reconcile net loss to net cash used in operating activities:         |     |                  |        |   |
| Formation and operating costs paid by Sponsor under Promissory Note – Related Party |     |                  |  5,420 |   |
| Net cash provided by operating activities                                           |     |                  |      - |   |
| Cash flows from Financing Activities:                                               |     |                  |        |   |
| Proceeds from issuance of ordinary shares to Sponsor                                |     |                  |      - |   |
| Payment of offering costs                                                           |     |                  |      - |   |
| Net cash provided by financing activities                                           |     |                  |      - |   |
|                                                                                     |     |                  |      - |   |
| Net Change in Cash                                                                  |     |                  |      - |   |
| Cash – Beginning of period                                                          |     |                  |      - |   |
| Cash – Ending of period                                                             |     | $                |      - |   |
| Supplemental Disclosures of Noncash Financing Activities                            |     |                  |        |   |
| Deferred offering costs included in promissory note                                 |     | $                | 48,420 |   |

<div align='center'>The accompanying notes are an integral part of these financial statements.

F-6

D. BORAL ARC ACQUISITION I CORP.

NOTES TO FINANCIAL STATEMENTS</div>

NOTE 1. DESCRIPTION OF ORGANIZATION, BUSINESS OPERATIONS AND GOING CONCERN

D. BORAL ARC ACQUISITION I CORP. (the “Company”) is a blank check company incorporated in the British Virgin Islands on March 20, 2025. The Company was formed for the purpose of effecting a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses (“Business Combination”). While the Company may pursue an acquisition opportunity in any business, industry, sector or geographical location, the Company intends to focus on industries that complement our management team’s background, and to capitalize on the ability of our management team to identify and acquire a business.

On March 31, 2025, the Company had not yet commenced any operations. All activity through March 31, 2025 related to the Company’s formation and the Proposed Offering (as defined below). The Company will not generate any operating revenues until after the completion of its initial business combination, at the earliest. The Company