Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 297

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 297
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     | $ | 183,655 |
| Non-current                            |       |   |              |     |   |         |
| Gratuity                               |       | $ |      200,148 |     | $ | 258,524 |
| Compensated absences                   |       |   |      145,708 |     |   | 232,925 |
| Other statutory dues                   |       |   |        2,074 |     |   |       - |
|                                        |       | $ |      347,930 |     | $ | 491,449 |

F-41 ZOOMCAR HOLDINGS, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

| 28 | Employee benefit plans (unfunded) (Continued) |

| I. | Gratuity |

| Changes                               
 in projected benefit obligation (PBO) |     | Three        
 months ended 
 December 31, 
 2024         |         |   |     | 2023 |         |   |     | Nine         
 months ended 
 December 31, 
 2024         |          |   |     | 2023 |         |   |
|:--------------------------------------|:----|:-------------|--------:|:--|:----|:-----|--------:|:--|:----|:-------------|---------:|:--|:----|:-----|--------:|:--|
| PBO                                   
 at the beginning of the year          |     | $            | 291,569 |   |     | $    | 347,647 |   |     | $            |  352,492 |   |     | $    | 286,713 |   |
| Service                               
 cost                                  |     |              |  15,629 |   |     |      |  20,975 |   |     |              |   50,152 |   |     |      |  71,084 |   |
| Interest                              
 cost                                  |     |              |   3,891 |   |     |      |   3,748 |   |     |              |   13,867 |   |     |      |  13,541 |   |
| Actuarial                             
 loss/ (gain)                          |     |              |  12,118 |   |     |      |  17,989 |   |     |