Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 276

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 276
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 with actuarial valuations being carried out at each reporting date. The retirement benefit obligations recognized in the
Consolidated Balance Sheets represents the present value of the defined obligations. Under an employee benefit plan, it is the Company’s
obligation to provide agreed benefits to the employees. The related actuarial and investment risks fall on the Company. The summary of
current and non-current employee benefit plans obligations along with its components are as below:

    Pension and other employee obligations As at 
    September 30,  2025  
    March 31,  2025 
  
    Current 

    Gratuity 
    $77,323  
    $82,547 
  
    Compensated absences 
     76,038  
     70,325 

    $153,361  
    $152,872 
  
    Non-current 

    Gratuity 
    $265,353  
    $221,961 
  
    Compensated absences 
     171,010  
     170,062 
  
    Other statutory dues 
     2,007  
     2,007 

    $438,370  
    $394,030 

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space has been left intentionally blank)

41

ZOOMCAR
HOLDINGS, INC.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

24Employee
benefit plans (unfunded) (Continued)

I.Gratuity

    Three months ended 
September 30,  
    Six months ended 
September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Changes in projected benefit obligation (PBO) 

    PBO at the beginning of the year 
    $347,169  
    $325,441  
    $304,509  
    $352,492 
  
    Service cost 
     19,230  
     14,971  
     37,737  
     34,523 
  
    Interest cost 
     4,646  
     4,693  
     9,533  
     9,976 
  
    Actuarial loss 
     (8,222) 
     (21,276) 
     22,471  
     42,