Company: BCAR
Filing Date: 2025-04-29
Form Type: S-1
Source: 0001829126-25-003006
Chunk: 316

Company: D. Boral ARC Acquisition I Corp.
Filing Date: 2025-04-29
Form: S-1
Chunk 316
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| (1) | Excludes an aggregate of 1,607,143 Ordinary Shares subject to forfeiture to the extent that the underwriters’ over-allotment is not exercised in full or in part. |

<div align='center'>The accompanying notes are an integral part of these financial statements.

F-4

D. BORAL ARC ACQUISITION I CORP.

STATEMENT OF CHANGES SHAREHOLDER’S DEFICIT

FOR THE PERIOD FROM MARCH 20, 2025 (INCEPTION) THROUGH MARCH 31, 2025</div>

| Balance – March 20, 2025 (inception)         |     | Class B         
 Ordinary shares 
 Shares          |          - |     | Amount |     - |     | Additional 
 Paid-In    
 Capital    |      - |     | Accumulated 
 Deficit     | -      |   |     | Subscription 
 Receivable   | -       |   |     | Total         
 Shareholder’s 
 Deficit       | -      |   |
|:---------------------------------------------|:----|:----------------|-----------:|:----|:-------|------:|:----|:-----------|-------:|:----|:------------|:-------|:--|:----|:-------------|:--------|:--|:----|:--------------|:-------|:--|
| Class B ordinary shares issued to Sponsor(1) |     |                 | 12,321,429 |     |        | 1,232 |     |            | 23,768 |     |             | -      |   |     |              | (25,000 | ) |     |               | -      |   |
| Net loss                                     |     |                 |          - |     |        |     - |     |            |      - |     |             | (5,420 | ) |     |              | -       |   |     |               | (5,420 | ) |
| Balance – March 31, 2025                     |     |                 | 12,321,429 |     | $      | 1,232 |     | $          | 23,768 |     | $           | (5,420 | ) |     | $            | (25,000 | ) |     | $             | (5,420 | ) |

| (1) | Includes an aggregate of 1,607,143 Ordinary Shares subject to forfeiture to the extent that