Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 356

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 356
---
on); |

| d) | seek                                                                                     
 and cause compulsory re-possession of all vehicles from Zoomcar which were financed from 
 the Lender;                                                                              |

| e) | enforcement                                                                                 
 of the security created in pursuance of this Resolution Agreement for the amount of default 
 (along with applicable interest thereon);                                                   |

| f) | invoke                                                                                         
 the personal guarantee issued by the promoter for satisfaction of the amount of default (along 
 with applicable interest thereon).                                                             |

In April 2024, Lease Plan India Private
Limited has invoked the bank guarantee created against fixed deposit amounting to $ which has been adjusted against their outstanding
liability as on March 31, 2024 (refer to note 8(a)). Lease Plan India Private Limited has not yet withdrawn the conditional waiver of
$ million given during the restructuring.

The Company has defaulted on EMI for the months of December 2023, January, February and March 2024 owed to Orix Leasing and Financial Services India Limited. As per the restructuring agreement, in case of default on payment, interest charge of 15% p.a. on the outstanding amount shall be levied by Orix Leasing and Financial Services India Limited.

(This space has been left intentionally blank) F- 85 ZOOMCAR HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

| 13 | Intangible 
 Assets     |

The components of intangible assets, were as follows:

(In USD)

|                   |     |             |         |     |                       | March 31, 2024 |     |              |         |   |     |              |        |     |                       | March 31, 2023 |     |              |          |   |     |              |        |
|:------------------|:----|:------------|:--------|:----|:----------------------|---------------:|:----|:-------------|:--------|:--|:----|:-------------|-------:|:----|:----------------------|---------------:|:----|:-------------|:---------|:--|:----|:-------------|-------:|
| As at             |     | Average     
 useful life |         |     | Gross Carrying Amount |                |     | Accumulated  
 Amortization |         |   |     | Net Carrying 
 Amount       |        |     | Gross Carrying Amount |                |     | Accumulated  
 Amortization |          |   |