Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1548

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 4
Chunk 1548
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 recoup from the Covered Officers erroneously awarded incentive compensation received within a lookback period of the three completed
fiscal years preceding the date on which we are required to prepare an accounting restatement.

Role of our Board in Risk Oversight/Risk Committee

One of the key functions
of our Board is the informed oversight of our risk management process. Our Board does not have a standing risk management committee, but
rather administers this oversight function directly through our Board as a whole, as well as through various standing committees of our
Board that address risks inherent in their respective areas of oversight. For example, our audit committee is responsible for overseeing
the management of risks associated with our financial reporting, operational, privacy and cybersecurity, competition, legal, regulatory,
compliance and reputational matters; and our compensation committee oversees the management of risks associated with our compensation
policies and programs.

93

Oversight of Cybersecurity Risks

We face a number of risks,
including cybersecurity risks and those other risks described under the section titled “Risk Factors” included in this
annual report. Our Internal Security Team is responsible for overseeing the steps management has taken with respect to cybersecurity risk
exposure. As part of this oversight, our Audit Committee will receives regular reports from our Internal Security Team on cybersecurity
risk exposure and the actions taken by the Company to limit, monitor or control such exposures at its regularly scheduled meetings. Management
will along with the Internal Security Team works with third party service providers to maintain appropriate controls. We believe this
division of responsibilities is the most effective approach for addressing our cybersecurity risks and that our Board leadership structure
supports this approach. See Part I, Item 1C – Cybersecurity – for a more detailed discussion of our procedures relating to
cybersecurity.

Limitation on Liability and Indemnification of Directors and Officers

Our Charter limits directors’
liability to the fullest extent permitted under the DGCL. The DGCL provides that directors of a corporation will not be personally liable
for monetary damages for breach of their fiduciary duties as directors, except for liability:

    ●
    for any transaction from which the director derives an improper personal benefit;

    ●
    for any act or omission not in good faith or that involves intentional misconduct or a knowing violation of law;

    ●
    for any unlawful payment of dividends or redemption of shares; or

    ●
    for any breach of a director’s duty of loyalty to the corporation or its stockholders.

If the DGCL is amended