Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 51

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 51
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 in the relevant
jurisdictions, collectively called as ‘conditions for grant’. As at June 30, 2025, the above described RSUs are not granted
since required conditions for grant has not been fulfilled and consequently, the grant date of these RSUs is subsequent to the reporting
period.

Further, subsequent to June 30, 2025,
the Company has registered 1,000,000 shares of common stock issuable to Mr. Deepankar Tiwari to induce the employee to accept employment
as the Company’s CEO and executed inducement award agreement. Such inducement awards granted to the CEO are outside of the 2023
Equity and Incentive Plan.

37

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

26Related Party Transactions

  Key managerial personnel (KMP)         Gregory Bradford Moran Chief Executive Officer & Director (until June 20, 2024)  Hiroshi Nishijima Chief Executive Officer (until May 02, 2025)  Uri Levine Director (w.e.f. March 31, 2025)  Evelyn D’An Director  Graham Gullan Director (until June 18, 2024)  Swatick Majumdar Director  Mohan Ananda Director  Madan Menon Director (until April 16, 2025)  John Robert Clarke Director (w.e.f. June 20, 2024)  Mark Bailey Director (until December 06, 2024)  Deepankar Tiwari Chief Executive Officer (w.e.f May 09, 2025) 

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

The Company had following transactions
with related parties:

    June 30,
 2025  
    June 30, 
2024 

    Consultancy Charges 

    Deepankar Tiwari 
    $17,528  
    $         - 

    The Company has the following outstanding balances with related parties: 

    As at 
    June 30,
 2025  
    March 31,
 2025 

    Payable to Director 

    Mohan Ananda 
    $152,435  
    $152,