Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 242

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 242
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      $                0.02  

The following ordinary shares equivalents were
excluded from the computation to eliminate any antidilutive effect:

                                            As of                          As of          As of      
                                            March 31,                      March 31,      March 31,  
                                            2025                           2024           2023       
  Warrant (1)                                              16,500,000                                
  Ordinary shares placed in escrow (2)                      4,328,394                                
 ─────────────────────────────────────────────────────────────────────────────────────────────────────

  (1)      For the years ended March 31, 2025, 2024, and 2023, the Company had the 16,500,000, 0, and 0 shares of                                  
           warrants, respectively, outstanding which were not included in the calculation of diluted net (income) loss per ordinary share because  
           inclusion thereof would be anti-dilutive                                                                                                
 ───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

  (2)      For the years ended March 31, 2025, 2024, and 2023, the Company had 4,328,394, 0, and 0 ordinary shares,                                         
           respectively, held in escrow. The Company has determined that these shares are non-participating securities in accordance with ASC 260,          
           as they are not entitled to dividends or other rights until certain milestones are met. As such, these shares are excluded from the calculation  
           of basic and diluted earnings (loss) per share for the respective periods.                                                                       
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

Note 25 - Segment information

The Company presents
segment information after elimination of inter-Company transactions. In general, revenue, cost of revenue and operating expenses are
directly attributable, or are allocated, to each segment. The Company allocates costs and expenses that are not directly
attributable to a specific segment, such as those that support infrastructure across different segments, to different segments
mainly on the basis of usage, revenue or headcount, depending on the nature of the relevant costs and expenses. The Company’s
Chief Executive Officer, who serves as the Chief Operating Decision Maker (“ CODM”), does not evaluate the
performance of segments using asset information. As such, the Company does not allocate assets to its