| Schedule of Outstanding Balance of Banking Facilities |
Outstanding balance of banking facilities consisted of the following:
| Bank name | | Maturity
date | | Interest
rate | | | Collateral/Guarantee | | March 31,
2025 | | | March 31,
2024 | | | | | | | | | | | | | | | | | | United Overseas Bank Limited (“UOB”) | | July 2025 (Repaid in
July 2025) | | | 2.5% | | | Personal Guarantee by Choo See Wee, the Chairman of the Company, and GCL BVI. | | $ | 209,633 | | | $ | 826,000 | | | Citi Bank | | June 2025 to July 2025 | | | 4.3%-6.1% | | | Personal Guarantee by Choo See Wee, the Chairman of the Company. Collateral by fixed deposit in bank | | | 2,738,728 | | | | 2,799,249 | | | HSBC Bank | | April 2025 to July 2025 | | | 4.3%-6.1% | | | Personal Guarantee by Choo See Wee, the Chairman of the Company. Collateral by fixed deposit in bank | | | 6,015,053 | | | | 5,395,568 | | | HSBC Loan* | | March 2025 to February 2027 | | | 6.33% | | | Personal Guarantee by Choo See Wee, the Chairman of the Company. | | | 2,875,000 | | | | - | | | DBS Bank Ltd | | May 2027 | | | 6.9% | | | Personal Guarantee by Choo See Wee, the Chairman of the Company, and Tan Jian Hao, the CEO of Titan Digital | | | 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 million to be due from March 2027. These bank loans bear interest rates per annum 6.33%. |
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