Company: GCL
Filing Date: 2025-09-04
Form Type: F-1
Source: 0001213900-25-084489
Chunk: 241

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-04
Form: F-1
Chunk 241
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 $         | 11,921,224 |     | $         | 9,020,817 |
| Bank Loans, current                  |     |                             |     |          |           |     |                                                                                                             |     | $         | 10,500,085 |     | $         | 8,812,807 |
| Bank Loans, non-current              |     |                             |     |          |           |     |                                                                                                             |     | $         |  1,421,139 |     | $         |   208,010 |

| * | From March 2025 to the date of the issuance of these consolidated financial statements, the Company obtained long term bank loans from HSBC Bank for an aggregate total of approximately $2.9 million to be due from March 2027. These bank loans bear interest rates per annum 6.33%. |

The interest expense pertained to above banking facilities for the years ended March 31, 2025, 2024, and 2023 were $, $ and $, respectively. The weighted-average interest rate pertaining to above mentioned bank loans were %, % and %, respectively, for the years ended March 31, 2025, 2024, and 2023, respectively.

F-40 GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

| Note 15 — Other payables and accrued liabilities |

|                             |     | 2025 | March 31, |     | 2024 | March 31, |
|:----------------------------|:----|:-----|----------:|:----|:-----|----------:|
| Accrued payroll and welfare |     | $    |   127,473 |     | $    |   165,523 |
| Accrued expenses (i)        |     |      |   408,370 |     |      | 1,381,338 |
| Other payables (ii)         |     |      | 1,666,948 |     |      | 1,554,725 |
| Investment payable (iii)    |     |      | 2,500,000 |     |      |         - |
| Total accrued expenses      
 and other liabilities       |     | $    | 4,702,791 |     | $    | 3,101,586 |

| (i) | The balance of accrued expenses represented accrued professional