Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 345

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 345
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 re-possession                           
 of all vehicles from Zoomcar which were financed from the Lender; |

| e) | enforcement of the security created                                                                           
 in pursuance of this Resolution Agreement for the amount of default (along with applicable interest thereon); |

| f) | invoke the personal guarantee issued                                                                
 by the promoter for satisfaction of the amount of default (along with applicable interest thereon). |

In April 2024, Lease Plan India Private Limited has invoked the bank guarantee created against fixed deposit amounting to $ 127,609which has been adjusted against their outstanding liability as on March 31, 2024 (refer to note 8(a)). Lease Plan India Private Limited has not yet withdrawn the conditional waiver of $ 1.2million given during the restructuring.

The Company has defaulted on EMI for the months of December 2023, January, February and March 2024 owed to Orix Leasing and Financial Services India Limited. As per the restructuring agreement, in case of default on payment, interest charge of 15% p.a. on the outstanding amount shall be levied by Orix Leasing and Financial Services India Limited.

(This space has been left intentionally blank) F-83 ZOOMCAR HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

| 13 | Intangible Assets |

The components of intangible assets, were as follows:

(In USD)

|                   |     |             |     |                 |    March 
 31, 2024 |     |              |         |   |     |          |        |     |                 |    March 
 31, 2023 |     |              |          |   |     |          |        |
|:------------------|:----|:------------|:----|:----------------|---------:|:----|:-------------|:--------|:--|:----|:---------|-------:|:----|:----------------|---------:|:----|:-------------|:---------|:--|:----|:---------|-------:|
| As at             |     | Average     
 useful life |     | Gross           
 Carrying Amount |          |     | Accumulated  
 Amortization |         |   |     | Net      
 Carrying 
 Amount   |        |     | Gross           
 Carrying Amount |          |     | Accumulated  
 Amortization |          |   |     | Net      
 Carrying 
 Amount   |        |
| Computer software |     | 5