Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1611

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 5
Chunk 1611
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 It is the present intention of our Board to retain all earnings, if any, for use in our business
operations and, accordingly, our Board does not anticipate declaring any dividends in the foreseeable future. The payment of cash dividends
in the future will be dependent upon our revenues and earnings, if any, capital requirements and general financial condition. The payment
of any cash dividends is within the discretion of our Board. Further, our ability to declare dividends may be limited by the terms of
financing or other agreements entered into by us or our subsidiaries from time to time.

63

Securities Authorized for Issuance Under Equity Incentive Plans

The following information
is as of March 31, 2025 under the 2023 Equity Incentive Plan.

    Plan Category 
    Number of securities to be issued upon exercise of outstanding options  
    Weighted- average exercise price of outstanding options  
    Number of granted restricted stock unit awards outstanding  
    Number of securities remaining available for future issuance under equity compensation plans 
  
    Equity compensation plans approved by security holders (1) 
                       -  
                       -  
     17,966  
     370,955 
  
     Options assumed during the Business Combination approved by security holders(2) 
     1  
    $120  
     -  
     - 
  
    Options assumed during the Business Combination approved by security holders(2) 
     15  
    $300  
        
     - 

     16  
    $420  
     17,966  
     370,955 

(1)The
Company adopted the 2023 Equity Incentive Plan in connection with the Business Combination. As of the date of this Form 10-K a total
of 17,966 RSUs have been granted to the employees and the Board and 370,955 are reserved for future issuance.

(2)In
connection with the Business Combination, the Company assumed options to purchase 16 shares from the Zoomcar, Inc. 2012 Equity Incentive
Plan with the remaining options being cancelled, other than 100,000 options of 2012 Equity Incentive Plan to purchase 2(two) shares of
the Company (arrived at after taking into account the conversion ratio 0.0281:1 for the business combination event and after giving effect
to the First