Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 206

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 206
---
 accounting
policies and elimination intra-entity transactions, as applicable. The unaudited pro forma information does not include any impact of
transaction synergies and is presented for informational purposes only and is not necessarily indicative of the results of operations
that would have been occurred had the business combination been consummated as of that time or that may result in the future:

                                      For the                                                 For the  
                                      Year ended March 31,                       Year ended March 31,  
                                      2024                                                       2023  
 ───────────────────────────────────────────────────────────────────────────────────────────────────────
  Unaudited pro forma revenue         $                          97,576,855               $77,724,857  
  Unaudited pro forma net income      $                         ( 1,957,135                $2,089,212  

The following tables summarizes the consideration
transferred to acquired Martiangear at the date of acquisition:

  Share issuance*                        $687,348  
  Cash consideration                      148,000  
  Total consideration at fair value      $835,348  

  The fair value of the Company’s share issuance on July 25, 2023 were estimated by applying discounted cash flow approach which considers the present value of the Company’s future after-tax cash...  
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────

The following table summarizes
the fair value of the identifiable assets acquired and liabilities assumed at the acquisition date, which represents the net purchase
price allocation at the date of the acquisition of Martiangear:

  Total consideration                    835,348  
  Less: net assets of Martiangear:                
  Cash                                     8,263  
  Accounts receivable                      4,808  
  Inventory                               92,889  
  Intangible asset                        85,675  
  Total assets                           191,635  
  Accounts payable                      ( 17,457  
  Deferred tax liability                ( 13,197  
  Total liabilities                     ( 30,654  
  Total net assets of Martiangear        160,981  
  Goodwill                               674,367  

F-31

GCL GLOBAL HOLDINGS LTD
AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

The purchase price was allocated
to the identifiable intangible assets acquired and liabilities assumed based on their acquisition date estimated fair values. The identifiable
int