Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 265

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 265
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273 |   |     |   |    42,878 |   |
| Write-off              |     |   |         - |   |     |   |         - |   |     |   |    (1,521 | ) |
| Translation adjustment |     |   |       224 |   |     |   |    (7,349 | ) |     |   |     1,588 |   |
| Ending balance         |     | $ |   248,956 |   |     | $ |   325,457 |   |     | $ |    55,533 |   |

Note 7 — Inventories, net

Inventories are stated at lower of cost or net
realizable value, which is determined using the weighted average method.

|                                     |     | 2025 | March 31, |     | 2024 | March 31, |
|:------------------------------------|:----|:-----|----------:|:----|:-----|----------:|
| Physical console game compact discs |     | $    | 5,936,223 |     | $    | 4,826,217 |

For
the years ended March 31, 2025, 2024, and 2023, the impairment for inventories was amounted
to $211,356, $468,941 and $288,604 respectively.

Note 8 — Other receivables and other current assets, net

As of March 31, 2025 and 2024, other receivables
and other current assets, net comprised of the following:

|                                                       |     | 2025 | March 31, |   |     | 2024 | March 31, |   |
|:------------------------------------------------------|:----|:-----|----------:|:--|:----|:-----|----------:|:--|
| Deposits (i)                                          |     | $    |   273,041 |   |     | $    |    42,832 |   |
| Prepaid expenses (ii)                                 |     |      | 1,122,403 |   |     |      |    18,279 |   |
| Prepaid income tax (iii)                              |     |      |     1,812 |   |     |      |    23,366 |   |
| GST recoverable (iv)                                  |     |      |   209,