Company: BCAR
Filing Date: 2025-07-23
Form Type: S-1/A
Source: 0001829126-25-005309
Chunk: 326

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-07-23
Form: S-1/A
Chunk 326
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 is not exercised in full or in part. |

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

F-3

D. BORAL ARC ACQUISITION I CORP.

STATEMENTS OF OPERATIONS</div>

|                                                            |     | For the          
 Period from      
 March 20,        
 2025 (inception) 
 through          
 March 31,        
 2025             |            |   |
|:-----------------------------------------------------------|:----|:-----------------|-----------:|:--|
|                                                            |     | -Audited         |            |   |
| Formation and operating costs                              |     | $                |     (5,420 | ) |
| Net Loss                                                   |     | $                |     (5,420 | ) |
| Weighted average shares outstanding, basic and diluted (1) |     |                  | 10,714,286 |   |
| Basic and diluted net loss per ordinary share              |     | $                |      (0.00 | ) |

| (1) | Excludes an aggregate of 1,607,143 Ordinary Shares subject to forfeiture to the extent that the underwriters’ over-allotment is not exercised in full or in part. |

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

F-4

D. BORAL ARC ACQUISITION I CORP.

STATEMENT OF CHANGES SHAREHOLDER’S DEFICIT

FOR THE PERIOD FROM MARCH 20, 2025 (INCEPTION) THROUGH MARCH 31, 2025</div>

| Balance – March 20, 2025 (inception)         |     | Class B         
 Ordinary shares 
 Shares          |          - |     | Amount |     - |     | Additional 
 Paid-In    
 Capital    |      - |     | Accumulated 
 Deficit     | -      |   |     | Subscription 
 Receivable   | -       |   |     | Total         
 Shareholder’s 
 Deficit       | -      |   |
|:---------------------------------------------|:----|:----------------|-----------:|:----|:-------|------:|:----|:-----------|-------:|:----|:------------|:-------|:--|:----|:-------------|:--------|:--|:----|:--------------|:-------|:--|
| Class B ordinary shares issued to Sponsor(1) |     |                 |