Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 338

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 338
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 |            |          5,000,000 |     |   |              - |
| DBS Bank Ltd                         |           | April 2027                             |               |     | 6.9%      |     | Personal Guarantee by Choo See Wee, the Chairman of the Company, and Tan Jian Hao, the CEO of Titan Digital                                    |                      |            |            105,072 |     |   |              - |
| Total                                |           |                                        |               |     |           |     |                                                                                                                                                |                      | $          |         14,338,302 |     | $ |      9,020,817 |
| Bank Loans, current                  |           |                                        |               |     |           |     |                                                                                                                                                |                      | $          |         14,270,394 |     | $ |      8,812,807 |
| Bank Loan, non-current               |           |                                        |               |     |           |     |                                                                                                                                                |                      | $          |             67,908 |     | $ |        208,010 |

| * | From October 2024 to the date of the issuance of these unaudited                         
 condensed consolidated financial statements, the Company obtained twelve short term bank 
 loans from HSBC Bank for an aggregate total of approximately $5.0 million to be due from 
 December 2024 to March 205. These bank loans bear interest rates per annum from          
 6.1% to 6.3%.                                                                            |

The
interest expense pertained to above banking facilities for the six months ended September 30, 2024 and 2023 were $295,019 and $207,109
respectively. The weighted-average interest rate pertaining to above mentioned bank loans were 7.1% and 6.0%, respectively, for the six
months ended September 30, 2024 and 2023, respectively.

| Note 11 — Other payables and accrued liabilities |

|                                              |     | September 30, 
 2024          
 (Unaudited)   |           |     | March 31, 
 2024      |           |
|:---------------------------------------------|:----|:--------------|----------:|:----|:----------|----------:|
| Accrued payroll and welfare                  |     | $             |   167,974 |     | $         |   165,523 |
| Accrued expenses (i)                         |     |