Company: GDSTR
Filing Date: 2025-08-05
Form Type: S-4/A
Source: 0001213900-25-071731
Chunk: 352

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-08-05
Form: S-4/A
Chunk 352
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   |     |   |          — |
| Deferred             |     |   |            |   |     |   |            |
| Federal              |     |   |    (37,152 | ) |     |   |      2,975 |
| State                |     |   |          — |   |     |   |          — |
| Income tax provision |     | $ |    287,243 |   |     | $ |    616,192 |

A reconciliation of the statutory federal income tax rate to the Company’s effective tax rate is as follows:

|                               |     |    For the 
 Year Ended 
  March 31, 
       2025 |   |     | For the    
 Year Ended 
 March 31,  
 2024       |      |   |
|:------------------------------|:----|-----------:|:--|:----|:-----------|-----:|:--|
| U.S. statutory rate           |     |       21.0 | % |     |            | 21.0 | % |
| Change in valuation allowance |     |       51.4 | % |     |            |  6.8 | % |
| Effective tax rate            |     |       72.4 | % |     | $          | 27.8 | % |

F-25

GOLDENSTONE ACQUISITION LIMITED
NOTES TO CONSOLIDATED FINANCIAL STATEMENTS
MARCH 31, 2025 NOTE 9 — INCOME TAXES (cont.)

The Company’s net deferred tax assets (liabilities) were as follows as of:

|                             |     |   | March 31, 
      2025 |   |     |   | March 31, 
      2024 |   |
|:----------------------------|:----|:--|----------:|:--|:----|:--|----------:|:--|
| Deferred tax assets:        |     |   |           |   |     |   |           |   |
| Start-up/organization costs |     | $ |   575,740 |   |     | $ |   371,785 |   |
| Deferred tax liability:     |     |   |           |   |     |   |           |   |
| Accrued dividend income     |     |   |   (13,892 | ) |     |   |   (51,045 | ) |
|