Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 50

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 50
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  June 30,  
    Three months ended  June 30, 

    2025  
    2024 

    No. of options  
    Weighted average exercise price  
    No. of options  
    Weighted average exercise  price 
  
    Outstanding at the beginning of the year 
     17,950  
    $          -  
               -  
    $          - 
  
    Granted during the year 
     -  
     -  
     -  
     - 
  
    Less: Cancelled during the year 
     (2044) 
     -  
     -  
     - 
  
    Outstanding at the end of the period 
     15,906  
        
     -  

    Exercisable at the end of the period 
     15,906  
     -  
     -  
     - 
  
    Unvested at the end of the period 
     -  
     -  
     -  
     - 

Weighted average remaining life of vested and unvested options
as at June 30, 2025 and June 30, 2024 is Nil.

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.

RSUs issued to CEO

On May 9, 2025, the Company entered
into a consulting agreement with Mr. Deepankar Tiwari to engage him as the Chief Executive Officer (“CEO”) of the Company.
As consideration for services rendered, Mr. Tiwari shall be eligible to receive a monthly consultancy fee and Restricted Stock Units (“RSUs”)
of the Company. As per the terms of the agreement, 1,000,000 Restricted Stock Units (“RSUs”) were granted, of which 250,000
RSUs shall vest at the end of each quarter starting June 30, 2025. Such RSUs granted shall be subject to- i) execution of relevant RSU
award agreements, ii) approval by Board of Directors, and iii) Compliance with applicable securities laws and tax regulations