Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 240

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 240
---
ed-average remaining term and discount rate
related to leases were as follows:

                                       As of                         As of                         As of                     
                                       March 31,                     March 31,                     March 31,                 
                                       2025                          2024                          2023                      
 ─────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Weighted-average remaining term                                                                                            
  Operating lease                                     1.1 years                     1.6 years                     1.9 years  
  Finance leases                                      3.5 years                     4.4 years                     4.0 years  
  Weighted-average discount rate                                                                                             
  Operating lease                                     4.7                           4.9                           3.3        
  Finance leases                                      4.6                           4.5                           4.5        

The following table sets forth the Company’s
minimum lease payments in future periods:

                                                       Operating                    Finance                                          
                                                       payments                     payments                    Total                
  Twelve months ending March 31, 2026                  $               401,187      $               93,865      $           495,052  
  Twelve months ending March 31, 2027                                  111,999                      67,675                  179,674  
  Twelve months ending March 31, 2028                                        -                      61,764                   61,764  
  Twelve months ending March 31, 2029                                        -                      45,806                   45,806  
  Twelve months ending March 31, 2030                                        -                           -                        -  
  Total lease payments                                                 513,186                     269,110                  782,296  
  Less: discount                                                      ( 26,067                    ( 19,976                 ( 46,043  
  Present value of lease liabilities                   $               487,119      $              249,134      $           736,253  
  Present value of lease liabilities, current          $               376,751      $               84,528      $           461,279  
  Present value of lease liabilities, non-current      $               110,368      $              164,606      $           274,974  

F-52

GCL GLOBAL HOLDINGS LTD
AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

Note 23 - Commitments and contingencies

Contingencies

Legal

From time to time, the Company