Company: GCL
Filing Date: 2025-03-17
Form Type: DRS
Source: 0001213900-25-024502
Chunk: 258

Company: GCL Global Holdings Ltd
Filing Date: 2025-03-17
Form: DRS
Chunk 258
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10 Debt — Overall,
505-10 Equity — Overall, 815-10 Derivatives and Hedging — Overall, 860-30 Transfers and Servicing — Secured
Borrowing and Collateral, 932-235 Extractive Activities — Oil and Gas — Notes to Financial Statements,
946-20 Financial Services — Investment Companies — Investment Company Activities, and 974-10 Real
Estate — Real Estate Investment Trusts — Overall. The amendments represent changes to clarify
or improve disclosure and presentation requirements of above subtopics. Many of the amendments allow users to more easily compare entities
subject to the SEC’s existing disclosures with those entities that were not previously subject to the SEC’s requirements.
Also, the amendments align the requirements in the Codification with the SEC’s regulations. For entities subject to existing SEC
disclosure requirements or those that must provide financial statements to the SEC for securities purposes without contractual transfer
restrictions, the effective date aligns with the date when the SEC removes the related disclosure from Regulation S-X or Regulation S-K.
Early adoption is not allowed. For all other entities, the amendments will be effective two years later from the date of the SEC’s
removal. The Company is currently evaluating the impact of the update on the Company’s consolidated financial statements and related
disclosures.

<div align='center'>F-36

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

In November 2023, the FASB issued ASU 2023-07,
which is an update to Topic 280, Segment Reporting. The amendments in this Update improve financial reporting by requiring disclosure
of incremental segment information on an annual and interim basis for all public entities to enable investors to develop more decision-
useful financial analyses. The amendments in this update: (1) require that a public entity disclose, on an annual and interim basis,
significant segment expenses that are regularly provided to the chief operating decision maker (CODM) and included within each reported
measure of segment profit or loss (collectively referred to as the “significant expense principle”), (2) Require that
a public entity disclose, on an annual and interim basis, an amount for other segment items by reportable segment and a description of
its composition. The other segment items category is the difference between segment revenue less the segment expenses disclosed under
the significant expense principle and each reported measure of segment profit or loss, (3) Require that a public