Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 284

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 284
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 November 25, 2024, with the remaining 50% due in 12 monthlyinstallments at 12% interest, starting January 15, 2025. If the Company defaults, the entire liability, plus 18% annual compounded interest, will be due after a 15-day grace period. As of December 31, 2024, the Company has fulfilled all payment obligations under the restructured terms.

In adherence to the agreement, the Company has accumulated penal interest at a simple interest rate of 1% per month on the overdue EMIs after adjustment of amounts paid during the three months ended December 31, 2024, amounting to $ 226,093.

As per the terms of the agreement, an additional simple interest of 1.5% per month is levied on the overdue amount as it is still unpaid after 60 days from date of default.

F-28 ZOOMCAR HOLDINGS, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

| 13 | Investments |

The components of investments were as follows:

|                            | (In   
 USD)  
 As at |   | December 31, 
         2024 |     |   |  March 
    31, 
   2024 |
|:---------------------------|:------|:--|-------------:|:----|:--|-------:|
| Long term investments      |       |   |              |     |   |        |
| Investments in certificate 
 of deposits*               |       | $ |       25,295 |     | $ | 91,947 |
|                            |       | $ |       25,295 |     | $ | 91,947 |

| * | Investments includes certificate of deposits 
 and interest accrued on the same.            |

| 14 | Other non-current assets |

The components of other non-current assets were as follows:

|                           | (In USD) 
 As at    |   | December 31, 
         2024 |     |   | March 31, 
      2024 |
|:--------------------------|:---------|:--|-------------:|:----|:--|----------:|
| Security deposits         |          | $ |      554,993 |     | $ |   350,149 |
| Restricted cash*          |          |   |      200,000 |     |   |         - |
| Receivables from