Company: GDSTR
Filing Date: 2025-04-24
Form Type: S-4/A
Source: 0001213900-25-034782
Chunk: 367

Company: Goldenstone Acquisition Ltd.
Filing Date: 2025-04-24
Form: S-4/A
Chunk 367
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 as of the date of grant using the following assumptions: (1) expected volatility of 12.96%, (2) risk -freeinterest rate of 1.16%, (3) expected life of 5years, (4) exercise price of $ 11.50and (5) stock price of $ 9.03. F-48

GOLDENSTONE ACQUISITION LIMITED
NOTES TO UNAUDITED CONDENSED CONSOLIDATED FINANCIAL STATEMENTS
DECEMBER 31, 2024

NOTE 9 — INCOME TAXES

The Company’s taxable income primarily consists of interest earned on investment held in Trust Account.

The income tax provision (benefit) consists of the following:

|                      |     |   |      For the 
 Three Months 
        Ended 
 December 31, 
         2024 |   |     |   |      For the 
 Three Months 
        Ended 
 December 31, 
         2023 |     |   |      For the 
  Nine Months 
        Ended 
 December 31, 
         2024 |   |     |   |      For the 
  Nine Months 
        Ended 
 December 31, 
         2023 |
|:---------------------|:----|:--|-------------:|:--|:----|:--|-------------:|:----|:--|-------------:|:--|:----|:--|-------------:|
| Current              |     |   |              |   |     |   |              |     |   |              |   |     |   |              |
| Federal              |     | $ |       42,420 |   |     | $ |      153,373 |     | $ |      266,617 |   |     | $ |      456,632 |
| State                |     |   |            — |   |     |   |            — |     |   |            — |   |     |   |            — |
| Deferred             |     |   |              |   |     |   |              |     |   |              |   |     |   |              |
| Federal              |     |   |       (1,204 | ) |     |   |       50,774 |     |   |      (36,551 | ) |     |   |        2,704 |
| State                |     |   |            — |