Company: GCL
Filing Date: 2025-07-31
Form Type: 20-F
Source: 0001213900-25-069672
Chunk: 221

Company: GCL Global Holdings Ltd
Filing Date: 2025-07-31
Form: 20-F
Item: Item 19
Chunk 221
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82,810                             -  
  Total                                                                                                                                                                                                        $              11,921,224      $              9,020,817  
  Bank Loans, current                                                                                                                                                                                          $              10,500,085      $              8,812,807  
  Bank Loans, non-current                                                                                                                                                                                      $               1,421,139      $                208,010  

  From March 2025 to the date of the issuance of these consolidated financial statements, the Company obtained long term bank loans from HSBC Bank for an aggregate total of approximately $ 2.9 mi...  
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The interest expense pertained
to above banking facilities for the years ended March 31, 2025, 2024, and 2023 were $518,770, $460,628and $191,155, respectively. The
weighted-average interest rate pertaining to above mentioned bank loans were6.2%,7.1% and6.0%, respectively, for the years ended March
31, 2025, 2024, and 2023, respectively.

F-40

GCL GLOBAL HOLDINGS LTD
AND ITS SUBSIDIARIES

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

  Note 15 — Other payables and accrued liabilities  
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                                                    March 31,                     March 31,                 
                                                    2025                          2024                      
 ────────────────────────────────────────────────────────────────────────────────────────────────────────────
  Accrued payroll and welfare                       $                127,473      $                165,523  
  Accrued expenses (i)                                               408,370                     1,381,338  
  Other payables (ii)                                              1,666,948                     1,554,725  
  Investment payable (iii)                                         2,500,000                             -  
  Total accrued expenses and other liabilities      $              4,702,791      $              3,101,586  

  (i)      The balance of accrued expenses represented accrued professional fee amount to $ 109,520 and other miscellaneous fee.  

  (ii)       The balance of other payables mainly consists of the deposit received from a third party as co-publisher’s minimum guarantee in game development for game publishing operations. Such