Company: GDSTR
Filing Date: 2025-11-19
Form Type: 10-Q
Source: 0001213900-25-112608
Chunk: 115

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-11-19
Form: 10-Q
Item: Item 8
Chunk 115
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     54,234  
     232,158  
     249,107  
     925,418 
  
    Income taxes provision 
     (26,539) 
     (45,848) 
     (64,816) 
     (188,850)
  
    Net (loss) income 
    $(179,589) 
    $58,624  
    $(415,416) 
    $81,219 

The key measures of segment profit or loss reviewed
by the Company’s CODM are interest earned on investment in Trust Account and formation and operating expenses. The CODM reviews
interest earned on investment in Trust Account to measure and monitor stockholder value and determine the most effective strategy of investment
with the Trust Account funds while maintaining compliance with the trust agreement. Within formation and operating costs, the CODM specifically
reviews professional service fees in connection with the business combination, which are a significant segment expense, and include legal
fees, and advisory fees, as these represent significant costs affecting the Company’s consummation of the Business Combination.
Other formation and operating costs, including accounting expenses, printing expenses, and regulatory filing fees, are reviewed in aggregate
to ensure alignment with budget and contractual obligations. These expenses are monitored to manage and forecast cash available to complete
a business combination within the required period. 

NOTE 11 — SUBSEQUENT EVENTS

The Company evaluated subsequent events and transactions
that occurred after the balance sheet date through the date of this report when these unaudited condensed financial statements were issued.
Based on this review, except as disclosed below, the Company did not identify any other subsequent events that would require adjustment
or disclosure in the unaudited condensed consolidated financial statements.

In October 2025, the Company issued two unsecured
promissory note in the principal amount of $100,000 to the Sponsor. The proceeds of the promissory note were deposited into the Company’s
Trust Account for the public stockholders, which enables the Company to extend the period of time it has to consummate its initial Business
Combination from September 21, 2025 to November 21, 2025.

24

ITEM 2. Management’s Discussion and Analysis
of Financial Condition and Results of Operations

References to the “Company,” “Goldenstone”
“our,” “us” or “we” refer to Goldenstone Acquisition Limited. The following discussion and analysis
of the Company’s financial condition