Company: GCL
Filing Date: 2025-09-09
Form Type: 424B3
Source: 0001213900-25-086274
Chunk: 327

Company: GCL Global Holdings Ltd
Filing Date: 2025-09-09
Form: 424B3
Chunk 327
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280,271 |     |   |    143,455 |
|               |     |                 | 24,641,332 |     |   | 22,212,268 |

Accounts payable – third parties
are non-interest bearing and have an average term of 30 to 60 days’ terms.

Goods and Service Tax (“GST”)
payables comprise output tax collected on sales and is offset by input tax claims on business purchases. The amount of GST payable to
the taxation authority is included as part of payables in the statement of financial position.

Included in accounts payable of the
Company are amounts denominated in foreign currencies as follows:

|                       |     | As of March 31, |       2025 |     |   |       2024 |
|:----------------------|:----|:----------------|-----------:|:----|:--|-----------:|
|                       |     | $               |            |     | $ |            |
| United States Dollars |     |                 | 13,190,531 |     |   |  9,101,074 |
| Malaysian Ringgit     |     |                 |     91,461 |     |   |  1,721,054 |
| Thai Baht             |     |                 |     10,456 |     |   |      6,667 |
|                       |     |                 | 13,292,448 |     |   | 10,828,795 |

| 10. | Other payables and accrued liabilities |

|                            |     | As of March 31, |      2025 |     |   |      2024 |
|:---------------------------|:----|:----------------|----------:|:----|:--|----------:|
|                            |     | $               |           |     | $ |           |
| Other payables             |     |                 | 2,377,528 |     |   | 3,479,363 |
| Refund liability           |     |                 |   586,416 |     |   |   490,600 |
| Accrued operating expenses |     |                 | 2,381,278 |     |   | 2,489,382 |
|                            |     |                 | 5,345,222 |     |   | 6,459,345 |

Other payables include advances from
suppliers for support of future programs.

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