Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 216

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 216
---
 described in the section entitled “Certain
Relationships and Related Party Transactions.”

<div align='center'>125</div>

Committees of the Board of Directors

The standing committees of
Company’s Board consists of an Audit Committee, a Compensation Committee, and a Nominating and Corporate Governance Committee. The
composition and responsibilities of each of the committees of the Board are described below. Members serve on these committees until their
resignation or until otherwise determined by the Board. The Board may establish other committees as it deems necessary or appropriate
from time to time.

Audit Committee

The Company’s Audit
Committee has been established in accordance with Section 3(a)(58)(A) of the Exchange Act and consists of Evelyn D’An, John Clarke
and Madan Menon, each of whom is an independent director and is “financially literate” as defined under the Nasdaq listing
standards. Ms. D’An will initially serve as chair of the Audit Committee. The Company’s Board has determined that Ms. D’An
qualifies as an “audit committee financial expert,” as defined under rules and regulations of the SEC.

The primary purpose of the
audit committee is to discharge the responsibilities of the Board with respect to corporate accounting and financial reporting processes,
systems of internal control and financial statement audits, and to oversee Zoomcar’s independent registered public accounting firm.
Specific responsibilities of the audit committee include:

| ● | helping the Board oversee corporate accounting and financial reporting processes; |

| ● | managing the selection, engagement, qualifications, independence and performance of a qualified firm to serve as the independent registered public accounting firm to audit our consolidated financial statements; |

| ● | discussing the scope and results of the audit with the independent registered public accounting firm, and reviewing, with management and the independent accountants, our interim and year-end operating results; |

| ● | developing procedures for employees to submit concerns anonymously about questionable accounting or audit matters; |

| ● | reviewing related person transactions; obtaining and reviewing a report by the independent registered public accounting firm at least annually that describes our internal quality control procedures, any material issues with such procedures, and any steps taken to deal with such issues when required by applicable law; and |

Compensation Committee Interlocks and Insider Participation

None of the Company’s
executive officers currently serves, or in the past year has served, as a member of the board of directors or compensation committee of
any entity that has one or more executive officers serving on the Company’s Board.

Code