Company: GCL
Filing Date: 2025-09-05
Form Type: F-1/A
Source: 0001213900-25-085150
Chunk: 198

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-05
Form: F-1/A
Chunk 198
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         |   674,367 |     |            | - |     |             | - |     |        | 268,873 |     |       |   943,240 |
| Impairments               |     |         |         - |     |            | - |     |             | - |     |        |       - |     |       |         - |
| Balance at March 31, 2024 |     |         | 2,721,521 |     |            | - |     |             | - |     |        | 268,873 |     |       | 2,990,394 |
| Acquired goodwill         |     |         |         - |     |            | - |     |             | - |     |        |       - |     |       |         - |
| Impairments               |     |         |         - |     |            | - |     |             | - |     |        |       - |     |       |         - |
| Balance at March 31, 2025 |     | $       | 2,721,521 |     | $          | - |     | $           | - |     | $      | 268,873 |     | $     | 2,990,394 |

An entity performs its annual,
or interim, goodwill impairment test by comparing the fair value of a reporting unit with its carrying amount. An entity should recognize
a goodwill impairment charge for the amount by which the reporting unit’s carrying amount exceeds its fair value. If fair value
exceeds the carrying amount, no impairment should be recorded. Any loss recognized should not exceed the total amount of goodwill allocated
to that reporting unit.

An entity may still perform
the optional qualitative assessment for a reporting unit to determine if it is more likely than not that goodwill is impaired. However,
this ASU eliminates the requirement to perform a qualitative assessment for any reporting unit with zero or negative carrying amount.

For the year ended March
31, 2024, management evaluated the recoverability of goodwill by comparing the fair value of a reporting unit with its carrying amount.
The Company had engaged with a third-party appraiser in assessing the fair value of the game distribution reporting unit by applying
income approach which considers the present value of the game distribution reporting unit’s future after-tax cash flows, discounting
them to present value using a % discount rate. As a result, the fair value of the game distributing reporting unit’s