Company: GCL
Filing Date: 2025-08-27
Form Type: DRS
Source: 0001213900-25-080905
Chunk: 325

Company: GCL Global Holdings Ltd
Filing Date: 2025-08-27
Form: DRS
Chunk 325
---
 LIMITED

NOTES TO THE CONSOLIDATED FINANCIAL STATEMENTS

(Amounts in Singapore dollars (“$”)</div>

| 8. | Bank loans |

Bills payable to banks (unsecured) have
repayment terms of approximately 30 to 120 days. Bills payable to banks bear interest at average rates ranging from 3.37% to 4.90% (2024:
4.45% to 5.09%) per annum.

Short-term loans (unsecured) have repayment
terms of approximately 30 to 180 days. Short-term loans bear interest at average rates at 4.64% (2024: 5.03%) per annum.

A reconciliation of liabilities
arising from the Company’s financing activities is as follows:

|                        |     |   |     As of 
  April 1, 
      2024 |     |   | Drawdowns         
 (repayments), net |   |     |   |     As of 
 March 31, 
      2025 |
|:-----------------------|:----|:--|----------:|:----|:--|:------------------|:--|:----|:--|----------:|
|                        |     | $ |           |     | $ |                   |   |     | $ |           |
| Bills payable to banks |     |   | 1,713,502 |     |   | (270,904          | ) |     |   | 1,442,598 |
| Short-term loans       |     |   |   800,000 |     |   | –                 |   |     |   |   800,000 |
|                        |     |   | 2,513,502 |     |   | (270,904          | ) |     |   | 2,242,598 |

|                        |     |   |     As of 
  April 1, 
      2023 |     |   |         Drawdowns 
 (repayments), net |     |   |     As of 
 March 31, 
      2024 |
|:-----------------------|:----|:--|----------:|:----|:--|------------------:|:----|:--|----------:|
|                        |     | $ |           |     | $ |                   |     | $ |           |
| Bills payable to banks |     |   |   852,