Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 159

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 159
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.2 million in principle payments, and (E) approximately $0.2 million payment to a shareholder
as redemption of ordinary share.

Net cash provided by financing
activities was approximately $4.4 million for the year ended March 31, 2023 and was primarily attributable to approximately $8.8 million
proceed from bank loans offset by repayment of approximately $2.5 million of bank loans, and approximately $2.0 million interest free
advance to related parties.

Commitments and Contingencies

In the normal course of
business, we are subject to loss contingencies, such as legal proceedings and claims arising out of our business, that cover a wide range
of matters, including, among others, government investigations and tax matters. In accordance with FASB ASC No. 450-20, “Loss Contingencies”,
we will record accruals for such loss contingencies when it is probable that a liability has been incurred and the amount of loss can
be reasonably estimated. For the years ended March 31, 2025, 2024 and 2023, we did not record any accruals for loss contingencies.

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The following table summarizes our contractual obligations
as of March 31, 2025:

| Contractual obligations                |     | Payments due by period 
 Total                  |            |     | Less than 
 1 year    |            |     | 1 – 3 years |           |     | 3 – 5 years |        |     | More than 
 5 years   |   |
|:---------------------------------------|:----|:-----------------------|-----------:|:----|:----------|-----------:|:----|:------------|----------:|:----|:------------|-------:|:----|:----------|:--|
| Bank loans, current maturities         |     | $                      | 10,500,085 |     | $         | 10,500,085 |     | $           |         — |     | $           |      — |     | $         | — |
| Bank loan, non-current                 |     |                        |  1,421,139 |     |           |          — |     |             | 1,421,139 |     |             |      — |     |           | — |
| Amount due to related parties, current |     |                        |    683,338 |     |