Company: GCL
Filing Date: 2025-07-31
Form Type: 424B3
Source: 0001213900-25-070094
Chunk: 199

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 424B3
Chunk 199
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On November 27, 2023,
the Financial Accounting Standards Board (“FASB”) issued Accounting Standards Update No. 2023-07, Improvements to
Reportable Segment Disclosures (“ASU 2023-07”). ASU 2023-07 amends ASC 280, Segment Reporting(“ASC
280”) to expand segment disclosures by requiring disclosure of significant segment expenses that are regularly provided to the
Company’s chief operating decision maker (“CODM”), the amount and description of other segment items, the title
and position of the CODM, and an explanation of how the CODM uses the reported measure(s) of segment profit or loss in assessing
segment performance and deciding how to allocate resources. ASU 2023-07 further permits disclosure of more than one measure of
segment profit or loss and extends the full disclosure requirements of ASC 280 to companies with single reportable segments. The
Company adopted ASU 2023-07 on April 1, 2024, and retrospectively apply to all periods presented in the consolidated
financial statement. The adoption of this ASU did not have a material impact on the consolidated financial statements and related
disclosures.

<div align='center'>F-25

GCL GLOBAL HOLDINGS LTD AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

New Accounting Standards That Have Not Yet Been Adopted:

In October 2023, the FASB
issued ASU 2023-06, Disclosure Improvements — codification amendments in response to SEC’s disclosure Update and Simplification
initiative which amend the disclosure or presentation requirements of codification subtopic 230-10 Statement of Cash Flows—Overall,
250-10 Accounting Changes and Error Corrections— Overall, 260-10 Earnings Per Share— Overall, 270-10 Interim Reporting—
Overall, 440-10 Commitments—Overall, 470-10 Debt—Overall, 505-10 Equity—Overall, 815-10 Derivatives and Hedging—Overall,
860-30 Transfers and Servicing—Secured Borrowing and Collateral, 932-235 Extractive Activities— Oil and Gas—Notes to
Financial Statements, 946-20 Financial Services— Investment Companies— Investment Company Activities, and 974-10 Real Estate—Real
Estate Investment Trusts—Overall. The amendments represent changes to clarify or improve disclosure and presentation requirements
of above subtopics