Company: GCL
Filing Date: 2025-04-08
Form Type: 424B3
Source: 0001213900-25-029989
Chunk: 260

Company: GCL Global Holdings Ltd
Filing Date: 2025-04-08
Form: 424B3
Chunk 260
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 removes the related disclosure from Regulation S-X or Regulation S-K.
Early adoption is not allowed. For all other entities, the amendments will be effective two years later from the date of the SEC’s
removal. The Company is currently evaluating the impact of the update on the Company’s consolidated financial statements and related
disclosures.

<div align='center'>F-36

GCL GLOBAL LIMITED AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

In November 2023, the FASB issued ASU 2023-07,
which is an update to Topic 280, Segment Reporting. The amendments in this Update improve financial reporting by requiring disclosure
of incremental segment information on an annual and interim basis for all public entities to enable investors to develop more decision-
useful financial analyses. The amendments in this update: (1) require that a public entity disclose, on an annual and interim basis,
significant segment expenses that are regularly provided to the chief operating decision maker (CODM) and included within each reported
measure of segment profit or loss (collectively referred to as the “significant expense principle”), (2) Require that
a public entity disclose, on an annual and interim basis, an amount for other segment items by reportable segment and a description of
its composition. The other segment items category is the difference between segment revenue less the segment expenses disclosed under
the significant expense principle and each reported measure of segment profit or loss, (3) Require that a public entity provide all
annual disclosures about a reportable segment’s profit or loss and assets currently required by Topic 280 in interim periods, and
(4) Clarify that if the CODM uses more than one measure of a segment’s profit or loss in assessing segment performance and
deciding how to allocate resources, a public entity may report one or more of those additional measures of segment profit. However, at
least one of the reported segment profit or loss measures (or the single reported measure, if only one is disclosed) should be the measure
that is most consistent with the measurement principles used in measuring the corresponding amounts in the public entity’s consolidated
financial statements. In other words, in addition to the measure that is most consistent with the measurement principles under generally
accepted accounting principles (GAAP), a public entity is not precluded from reporting additional measures of a segment’s profit
or loss that are used by the CODM in assessing segment performance and deciding how to allocate resources, (5