Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 425

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1A
Chunk 425
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 table above.

    As at 
    March 31,
 2025 
  
    Current 

    From Others 

    - Mahindra & Mahindra Financial Services Limited 
     439,415 
  
    - TATA Motors Finance Limited 
     1,749,415 
  
    - Kotak Mahindra Financial Services Limited 
     376,861 
  
    - Orix Leasing and Financial Services India LTD 
     58,978 
  
    - Clix Finance India Private Limited 
     64,621 
  
    - AON Risk Insurance Services West, Inc 
     162,051 

     2,851,341 

    Total maturity for the year ending on March 31, 2026 
    $2,851,341 

Contingencies

The Company is subject to
legal proceedings and claims that arise in the ordinary course of business. The Company accrues for losses associated with legal claims
when such losses are probable and can be reasonably estimated. These accruals are adjusted as additional information becomes available
or circumstances change. 

(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 by the customer or third-parties during the use of its vehicles.
Based on the insurance coverage, the Company is confident that liability, if any, arising from the claims under the previous business
model will be covered by the insurance. Further, under the current business model of the Company, wherein the Company acts only as a
facilitator, any issues arising from breach of any terms including improper use of vehicles and/or physical damages made to the vehicles
or any mechanical issues in the vehicle will be the responsibility of either the host or the customer. While