Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 2257

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 7A
Chunk 2257
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6,624) 
     (21,124)
  
    Net periodic benefit cost 
    $80,080  
    $92,584 

Re-measurement (gains) / losses in other comprehensive income

    March 31, 2025  
    March 31, 2024 
  
    Actuarial (gain)/loss 
    $57,663  
    $48,593 
  
    Amortization loss 
     (6,624) 
     (21,124)
  
    Total 
    $64,287  
    $69,717 

Components of actuarial gain:

    March 31,
 2025  
    March 31,
 2024 
  
    Actuarial (gain)/loss due to demographic assumption changes in defined benefit obligation 
    $(3,524) 
    $(4,289)
  
    Actuarial (gain)/ loss due to financial assumption changes in defined benefit obligation 
     8,720  
     1,977 
  
    Actuarial (gain)/loss due to experience on defined benefit obligation 
     52,467  
     50,904 
  
    Total 
    $57,663  
    $48,592 

The assumptions used in accounting for the gratuity plan are as follows:

    March 31, 2025  
    March 31, 2024 
  
    Discount rate - staff 
     6.54% 
     7.17%
  
    Discount rate - independent service provider* 
     6.54% 
     7.12%
  
    Attrition rate - staff 
     42.61% 
     39.54%
  
    Attrition rate - independent service provider* 
     82.00% 
     85.68%
  
    Rate of increase in compensation levels - staff 
     12.98% 
     12.63%
  
    Rate of increase in compensation levels - independent service provider* 
     10.96% 
     11.43%

*Independent service provider are contract employees responsible
for maintaining the fleet of the Company.

F-42

ZOOMCAR HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

29Employee benefit plans (unfunded) (Continued)

During the year ended March 31, 2025
and March 31, 202