Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1096

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 2
Chunk 1096
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1.5% per month is levied on the overdue amount as it is still unpaid
after 60 days from date of default.

Further, during the year ended March 31, 2025, the Company recorded a loss on modification of lease amounting to $457,474 in the Consolidated
Statement of Operations due to changes in future lease payments as per the repayment schedule. Refer note 26.

F-28

ZOOMCAR HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

13Intangible Assets

The components of intangible assets, were as follows:

  (In USD) As at     March 31, 2025   March 31, 2024      Average useful life  Gross Carrying Amount   Accumulated Amortization   Net Carrying Amount   Gross Carrying Amount   Accumulated Amortization   Net Carrying Amount                                 Computer software  5 years   16,392   $(10,941)  $5,451   $33,033   $(14,640)  $18,393   Total      16,392    (10,941)   5,451    33,033    (14,640)   18,393  

Amortization expense for the year ended March 31, 2025 and March 31,
2024 was $3,292 and $6,981 respectively.

Future amortization of intangible assets that will be recorded in general
and administrative expenses is estimated as follows.

    Amount 
($) 
  
    March 31, 2026 
     3,257 
  
    March 31, 2027 
     2,194 
  
    Total remaining amortization 
     5,451 

(This space has been left intentionally blank)

F-29

ZOOMCAR HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

14Investments

The components of investments were as follows:

    (In
    USD)
    As at 
    March 31,
 2025  
    March 31,
 2024 
  
    Long term investments 

    Investments in certificate of deposits* 
    $25,653  
    $91,947 

    $25,653  
    $91,