Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 222

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 222
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w.e.f. August 9, 2023)
  
    Mohan Ananda
     
    Director (w.e.f. December 28, 2023)
  
    Madan Menon
     
    Director (w.e.f. December 28, 2023)
  
    Lisbeth McNabb
     
    Director (until April 18, 2023)
  
    John Robert Clarke
     
    Director (w.e.f. June 20, 2024)
  
    Mark Bailey**
     
    Director (until December 06, 2024)

    Investor in Indian subsidiary

    Mahindra & Mahindra Limited***
     
    Investor in Indian subsidiary (until December 28, 2023)

    Enterprises owned or significantly influenced by above

    Mahindra & Mahindra Financial Services Limited***

    Mahindra First Choice Wheels Limited***

    Yard Management Services Limited***

    Ananda Small Business Trust

Related party transactions pertaining
to debt, investments, and other current liabilities have been stated on the face of the Consolidated Balance Sheets and Consolidated Statements
of Operations.

The Company had following transactions with related parties:

    March 31,
 2025  
    March 31,
 2024 
  
    Interest expense 

    Mahindra & Mahindra Financial Services Limited*** 
    $-  
    $38,203 

    Interest income 

    Mahindra & Mahindra Financial Services Limited*** 
    $-  
    $11,224 

    Parking charges 

    Yard Management Services Limited*** 
    $-  
    $241,866 

    Debt - principal repayment 

    Mahindra & Mahindra Financial Services Limited*** 
    $-  
    $119,576 

    Debt - foreclosure charges 

    Mahindra & Mahindra Financial Services Limited*** 
    $-  
    $153 

    Proceeds from sale of assets held for sale 

    Mahindra First Choice Wheels Limited*** 
    $-  
    $(3,144)

    Amount received for November 2024 Offering 

    Mark Bailey** 
    $2,499,959  
    $- 

    Amount received for December 2024 Offering 

    Hiroshi Nishijima 
    $50,001  
    $- 
  
    Uri Levine* 
    $300,000