Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 461

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 2
Chunk 461
---
    Change  
    %
    Change  
    2025  
    2024  
    Change  
    %
    Change 
  
    Finance
    costs 
     471,680  
     2,160,178  
     (1,688,498) 
     -78% 
     903,813  
     2,320,963  
     (1,417,150) 
     -61%

59

Finance costs were $0.47
million during the three months ended on September 30, 2025, as compared to $2.16 million during the three months ended on September 30,
2024, a reduction of $1.69 million, or 78%. There were Non-cash expenses related to change in Interest on redeemable promissory notes
amounting to $1.32 million during the three months ended September 30, 2024 as compared to Nil during the three months ended September
30, 2025 due to repayment of the same during November 2024 financing, Interest on vehicle loans and finance lease has reduced by $0.03
million and $0.06 million respectively and also change in the fair value of Atalaya note has been reduced by $0.25 million during the
three months ended September 30, 2025, as compared to three months ending September 30, 2024.

Finance costs were $0.90
million during the six months ended on September 30, 2025, as compared to $2.32
million during the six months ended on September 30, 2024, a reduction of $1.42 million, or 61%. There were Non-cash expenses related
to change in Interest on redeemable promissory notes amounting to $1.47 million during the six months ended September 30, 2024 as compared
to Nil during the six months ended September 30, 2025 due to repayment of the same during November 2024 financing,

Gain on
troubled debt restructuring

    For
    the Three Months 
    Ended Sep 30,  
    For
    the Six Months 
    Ended Sep 30, 

    2025  
    2024  
    Change  
    %
    Change  
    2025  
    2024  
    Change  
    %
    Change