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v3.25.2

Bank Loans | 12 Months Ended
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Mar. 31, 2025
Bank Loans [Abstract] |
Bank Loans | Note 14 — Bank Loans 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%.
The interest expense pertained to above banking facilities for the years ended March 31, 2025, 2024, and 2023 were $518,770, $460,628 and $191,155, respectively. The weighted-average interest rate pertaining to above mentioned bank loans were 6.2%, 7.1% and 6.0%, respectively, for the years ended March 31, 2025, 2024, and 2023, respectively.

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