Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 336

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 336
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 | ) |     |   | (23,093 | ) |
| Currency realignment |     |                              |     363 |   |     |   |       – |   |
|                      |     |                              |  35,315 |   |     |   |  14,200 |   |

Unrecognized Tax Benefit

The Company evaluated its income tax
uncertainty under ASC 740-10. ASC 740-10 clarifies the accounting for uncertainty in income taxes by prescribing the recognition threshold
a tax position is required to meet before being recognized in the financial statements. As of and for the years ended March 31, 2025,
there was no significant impact from tax uncertainties on the Company’s financial position and result of operations.

| 19. | Related party transactions |

The Company had the following related
party transactions:

|                                                                  |     | For the year ended March 31, | 2025 |     |   | 2024 |
|:-----------------------------------------------------------------|:----|:-----------------------------|-----:|:----|:--|-----:|
|                                                                  |     | $                            |      |     | $ |      |
| Service fee rendered to non-controlling interest of a subsidiary |     |                              |  546 |     |   |  435 |

<div align='center'>F-87

BAN LEONG TECHNOLOGIES LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

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

| 20. | Subsequent events |

We have evaluated subsequent events from the balance sheet date through August 26, 2025, the date these consolidated financial statements were available to be issued, and no material subsequent events have occurred since March 31, 2025, that require recognition or disclosure in the financial statements other than the following:

On April 30, 2025, Epicsoft Asia Pte. Ltd (“the Offeror”)
announced that it intends to make a voluntary conditional cash offer (the “Offer”) in accordance with Rule 15 of the Singapore
Code on Take-overs and Merger for all the issued and paid-up ordinary shares in the capital of Ban Leong Technologies Limited, excluding
returned shares and treasury shares. On May 7, 2025, the Company appointed Asian Corporate Advisors Pte. Ltd. as the Independent Financial
Advisor to guide the Independent Directors in their recommendation to shareholders. A notification letter was dispatched to shareholders
on