Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1527

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 4
Chunk 1527
---
 (1,740,636) 
     - 
  
    Issue of derivative financial instruments 
     -  
     -  
     -  
     -  
     19,188,268 
  
    Change in fair value of derivative financial instruments 
     -  
     -  
     -  
     -  
     (9,035,085)
  
    Warrants exercised and reclassified to equity 
     -  
     -  
     -  
     -  
     (232,523)
  
    Reclassified to equity* 
     -  
     -  
     -  
     -  
     (9,920,660)
  
    Balance as of March 31, 2025 
    $-  
    $-  
    $-  
    $6,002,269  
    $- 

*This includes $1,554,010 of Series A and Series B warrants
issued to Randy Yanker as settlement of litigation which were reclassified to equity and are presented under “Issue of common stock
and warrants on settlement” in Consolidated Statement of Stockholder’s Deficit.

During the year ended March 31, 2025
and March 31, 2024, there were no non-recurring fair value measure of assets or liabilities subsequent to initial recognition.

F-50

ZOOMCAR HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

    34
    Commitments and contingencies

Contingencies

(A) Claims
filed by customers and third-parties not acknowledged as liability amounted to $4,503,122 and $4,565,949 as at March 31, 2025 and March
31, 2024, respectively. The claims made by the customers against the Company includes claims that have been made for amounts charged to
customers by the Company as damages for improper use of vehicles and/or physical damages made to vehicles during an active trip ; or claims
made by customers for unavailability of the booked vehicle or for any mechanical default in the booked vehicle ; or claims against any
similar issue faced by either the host or the customer. Under the erstwhile business model of the Company , the Company had procured third-party
insurance policies for fleet under its management which indemnifies against personal death and/or injuries suffered either