Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 2008

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 7
Chunk 2008
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 year ended March 31, 2025, as compared to $3.88 million during the year ended March 31,
2024. This impairment is a one-time charge due to non-utilization of Goods and Service Tax (GST) input accumulated over the past few
years.

Finance Costs 

    For the Years Ended March 31, 

    2025  
    2024  
    Change  
    Change % 
  
    Finance costs 
     8,607,173  
     13,898,735  
     (5,291,562) 
     -38%
  
    Finance costs to related parties 
     -  
     38,203  
     (38,203) 
     -100%

Finance costs were $8.61 million during the year ended March 31, 2025,
as compared to $13.94 million during the year ended March 31, 2024, a reduction of $5.33 million, or 38%. There were Non-cash expenses
related to change in fair valuation of derivative financial instrument amounting to $3.47 million, change in the value of preferred stock
warrants amounting to $5.28 million, SSCPN note issue expenses of $1.56 million, change in the fair value of Atalaya note $1.63 million
and discount on issue of Atalaya note amounting to $0.63 million during the year ended March 31, 2024, majority of which was converted
into equity at the close of deSPAC in the fiscal year ending March 31, 2024.These reductions were partially offset by $3.29 million in
Issuance cost towards common stock and warrants, $2.00 million interest on redeemable promissory notes, $0.42 million incremental other
borrowing cost and amortisation of discount and debt issuance cost on redeemable promissory notes amounting to $1.77 million incurred
during the year ended March 31, 2025, compared to the year ended March 31, 2024.

Gain on troubled debt restructuring

    For the Years Ended March 31, 

    2025  
    2024  
    Change  
    Change % 
  
    Gain on troubled debt restructuring 
     (1,171,161) 
     -  
     (1,171