Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 261

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 261
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787  
     422,282 
  
    Restricted cash* 
     -  
     94,762 
  
    Other non-current assets 
    $614,580  
    $705,767 

*Restricted
cash represented amount held as an indemnification escrow fund with the placement agent for all indemnification liabilities and expenses
payable by the Company as per the placement agent agreement for a period of 3 years from closing of the November 2024 Offering.

13Accounts
                                            Payable

The
components of accounts payable were as follows:

    (In USD) As at 
    September 30,  2025  
    March 31, 2025 

    Current 

    Accounts payable towards related parties 
    $152,435  
    $152,435 
  
    Accounts Payable towards others 
     13,805,383  
     12,396,147 
  
    Total accounts payable 
    $13,957,818  
    $12,548,582 

(This
space has been left intentionally blank)  

31

ZOOMCAR
HOLDINGS, INC.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

14Debt

The
components of long term and short term debt were as follows:

  (In USD) As at  Effective 
interest 
rates  Original 
Maturities*  September 30, 
2025   March 31, 
2025   Current                From NBFCs                - Mahindra & Mahindra Financial Services Limited  -  November 30, 2025  $366,920   $439,415   - TATA Motors Finance Limited  12.40%  May 31, 2027   1,558,355    1,749,415   - Kotak Mahindra Financial Services Limited  1.00%  November 30, 2025   387,362    376,861   - Orix Leasing and Financial Services India LTD  12.00%  December 15, 2025   6,253    58,978   - Clix Finance India Private Limited  0.68%  December 2, 2025