Company: GDSTR
Filing Date: 2025-04-24
Form Type: S-4/A
Source: 0001213900-25-034782
Chunk: 328

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-04-24
Form: S-4/A
Chunk 328
---
 planning strategies in making this assessment. After consideration of all of the information available, management believes that significant uncertainty exists with respect to future realization of the deferred tax assets and has therefore established a full valuation allowance of $ 371,785and $ 221,180as of March 31, 2024 and 2023, respectively. The valuation allowance increased by $ 150,605from March 31, 2023 to March 31, 2024. NOTE 10 — SUBSEQUENT EVENTS The Company evaluated subsequent events and transactions that occurred after the balance sheet date through June 3, 2024 when these consolidated financial statements were issued. Based on this review, except as disclosed below, the Company did not identify any other subsequent events that would require adjustment or disclosure in the consolidated financial statements. On April 21, 2024, the Company issued an unsecured promissory note in the principal amount of $ 100,000to the Sponsor. The proceeds of the promissory note were deposited into the Company’s Trust Account for the public shareholders, which enables the Company to extend the period of time it has to consummate its initial Business Combination from April 21, 2024 to May 21, 2024. On May 21, 2024, the Company issued an unsecured promissory note in the principal amount of $ 100,000to the Sponsor. The proceeds of the promissory note were deposited into the Company’s Trust Account for the public shareholders, which enables the Company to extend the period of time it has to consummate its initial Business Combination from May 21, 2024 to June 21, 2024. F-25

GOLDENSTONE ACQUISITION LIMITED
CONDENSED CONSOLIDATED BALANCE SHEETS
(Unaudited)

|                                                                                                                                                                                         |     |   | December 31, 
         2024 |   |     |   |  March 31, 
       2024 |   |
|:----------------------------------------------------------------------------------------------------------------------------------------------------------------------------------------|:----|:--|-------------:|:--|:----|:--|-----------:|:--|
| ASSETS                                                                                                                                                                                  |     |   |              |   |     |   |            |   |
| Current assets:                                                                                                                                                                         |     |   |              |   |     |   |            |   |
| Cash                                                                                                                                                                                    |     | $ |        8,434 |   |     | $ |     30,823