Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 309

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 309
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     | $     | 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 six months ended September 30, 2024 and 2023, management evaluated impairment of goodwill by performing qualitative assessment on its reporting units and determined that it is not more likely than not that the fair value of the reporting unit is less than its carrying amount, and therefore, no impairment loss on goodwill was recognized for the six months ended September 30, 2024 and 2023.

<div align='center'>F-67

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS</div>

In
accordance with ASC 360-10, long-lived assets, including property and equipment with finite lives, are reviewed for impairment loss whenever
events or changes in circumstances (such as a significant adverse change to market conditions that will impact the future use of the
assets) indicate that the carrying value of an asset may not be recoverable. The Company assesses the recoverability of the assets based
on the undiscounted future cash flows the assets are expected to generate and recognizes an impairment loss when estimated undiscounted
future cash flows expected to result from the use of the asset plus net proceeds expected from disposition of the asset, if any, are
less than the carrying value of the assets. If an impairment loss is identified, the Company will reduce the carrying amount of the asset
to its estimated fair value based on a discounted cash flows approach, or, when available and appropriate, comparable market values.
As of September 30, 2024 and March 31, 2024, no impairment of long-lived assets was recognized.

In
connection with the business combination set forth in Note 3, the Company recognized contingent consideration for acquisition upon completion