Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 301

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 301
---
 months and nine months ended December 31, 2024 respectively 
 and 35 private warrants (12,876 prior to Second Reverse Stock Split and 1,287,616 prior to First Reverse Stock Split) for the three months       
 and 12 private warrants (4,276 prior to Second Reverse Stock Split and 427,639 prior to First Reverse Stock Split) for nine months ended         
 December 31, 2023 respectively.                                                                                                                  |

| 28 | Employee benefit plans (unfunded) |

Employee benefit plans includes gratuity
and compensated absences payable to employees. These benefit plans consist of a defined benefit plan for gratuity payable by the Indian
subsidiary of the Company under Indian regulations. These are determined under the projected unit credit method, with actuarial valuations
being carried out at each reporting date. The retirement benefit obligations recognized in the Condensed Consolidated Balance Sheets represents
the present value of the defined obligations. Under an employee benefit plan, it is the Company’s obligation to provide agreed benefits
to the employees. The related actuarial and investment risks fall on the Company.

| Pension and other employee obligations | As at |   | December 31, 
         2024 |     |   | March 31, 
      2024 |
|:---------------------------------------|:------|:--|-------------:|:----|:--|----------:|
| Current                                |       |   |              |     |   |           |
| Gratuity                               |       | $ |       78,460 |     | $ |    93,967 |
| Compensated absences                   |       |   |       68,516 |     |   |    89,688 |
|                                        |       | $ |      146,976 |     | $ |   183,655 |
| Non-current                            |       |   |              |     |   |           |
| Gratuity                               |       | $ |      200,148 |     | $ |   258,524 |
| Compensated absences                   |       |   |      145,708 |     |   |   232,925 |
| Other statutory dues                   |       |   |        2,074 |     |   |         - |
|                                        |       | $ |      347,930 |     | $ |   491,449 |

(This space has been left intentionally blank) F-40 ZOOMCAR HOLDINGS