Company: GCL
Filing Date: 2025-09-04
Form Type: F-1
Source: 0001213900-25-084489
Chunk: 237

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-04
Form: F-1
Chunk 237
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 and March 1, 2026 |     | Interest Rate                  
 10% started from April 1, 2025 |     | As of     
 March 31, 
 2025      | 382,024 |     | As of     
 March 31, 
 2024      | - |
|:---------------------|:----|:-----------------------------------------------------------------------------|:----|:-------------------------------|:----|:----------|--------:|:----|:----------|:--|
| Total                |     |                                                                              |     |                                |     | $         | 382,024 |     | $         | - |

2Game LLC is an e-sports
company engaged in digital gaming and online tournament operations. In order to promote 2Game’s platform and create potential business
synergies between both parties, the Company provided a loan to 2Game LLC.

Note 11 — Property and equipment, net

Property and equipment consist of the following:

|                                   |     | 2025 |  March 31, |   |     | 2024 | March 31, |   |
|:----------------------------------|:----|:-----|-----------:|:--|:----|:-----|----------:|:--|
| Office equipment                  |     | $    |  1,003,594 |   |     | $    |   822,262 |   |
| Furniture & Fitting               |     |      |     70,563 |   |     |      |    68,490 |   |
| Office and warehouse renovation   |     |      |    455,313 |   |     |      |   431,293 |   |
| Subtotal                          |     |      |  1,529,470 |   |     |      | 1,322,045 |   |
| Less: accumulated depreciation    |     |      | (1,149,155 | ) |     |      |  (816,934 | ) |
| Total property and equipment, net |     | $    |    380,315 |   |     | $    |   505,111 |   |

Depreciation expenses for
the years ended March 31, 2025, 2024, and 2023 were amounted to $, $ and $, respectively. The Company recognized
loss from disposal of property and equipment were nil, $ and nil for the years ended March 31,