Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 2261

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 7A
Chunk 2261
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The expected life of the stock is based
on historical data and current expectations and is not necessarily indicative of exercise patterns that may occur. The expected volatility
reflects the assumption that the historical volatility over a period similar to the life of the options is indicative of future trends,
which may also not necessarily be the actual outcome.

F-44

ZOOMCAR HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

31Related Party Transactions

    Key managerial personnel (KMP)

    Gregory Bradford Moran 
     
    Chief Executive Officer & Director (until June 20, 2024)
  
    Hiroshi Nishijima
     
    Chief Executive Officer (w.e.f. June 20, 2024)
  
    Uri Levine*
     
    Director (w.e.f. March 31, 2025)
  
    David Ishag
     
    Director (until January 31, 2024)
  
    Evelyn D’An
     
    Director (w.e.f. April 19, 2023)
  
    Graham Gullan
     
    Director (until June 18, 2024)
  
    Swatick Majumdar
     
    Director (w.e.f. August 9, 2023)
  
    Mohan Ananda
     
    Director (w.e.f. December 28, 2023)
  
    Madan Menon
     
    Director (w.e.f. December 28, 2023)
  
    Lisbeth McNabb
     
    Director (until April 18, 2023)
  
    John Robert Clarke
     
    Director (w.e.f. June 20, 2024)
  
    Mark Bailey**
     
    Director (until December 06, 2024)

    Investor in Indian subsidiary

    Mahindra & Mahindra Limited***
     
    Investor in Indian subsidiary (until December 28, 2023)

    Enterprises owned or significantly influenced by above

    Mahindra & Mahindra Financial Services Limited***

    Mahindra First Choice Wheels Limited***

    Yard Management Services Limited***

    Ananda Small Business Trust

Related party transactions pertaining
to debt, investments, and other current liabilities have been stated on the face of the Consolidated Balance Sheets and Consolidated Statements
of Operations.

The Company had following transactions with related parties:

    March 31,
 2025  
    March 31