Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 891

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1C
Chunk 891
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 31,
 2024 
  
    Cash paid for amounts included in the measurement of lease liabilities: 

    Operating cash outflows for operating leases 
    $(338,626) 
    $(441,843)
  
    Financing cash outflows for finance leases 
    $(2,103,219) 
    $(526,959)

Supplemental balance sheet information related
to leases was as follows:

  (In USD) As at  March 31, 2025   March 31, 2024   Operating Leases          Operating lease right-of-use assets  $1,021,898   $1,290,608                Current operating lease liabilities  $316,756   $365,542   Non-current operating lease liabilities   801,981    1,009,681   Total operating lease liabilities  $1,118,737   $1,375,223                Finance Leases                         Property and equipment, at cost  $5,777,170   $5,923,555   Accumulated depreciation   (4,015,655)   (4,117,406)  Accumulated impairment   (1,761,515)   (1,806,149)  Property and equipment, net  $-   $-                Current finance lease liabilities  $3,966,962   $5,738,239   Non-current finance lease liabilities   -    -   Total finance lease liabilities  $3,966,962   $5,738,239                Weighted Average Remaining Lease Term            Operating leases   48 months    58 months   Finance leases   18 months    30 months   Weighted Average Discount Rate            Operating leases   13.00%   13.00%  Finance leases   9.00%   9.00% 

F-27

ZOOMCAR HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

12Leases (Continued)

The Company determines the incremental borrowing
rate by adjusting the benchmark reference rates, with appropriate financing spreads applicable to the