Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 349

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 349
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ing to $
with Mahindra and Mahindra Financial Services are under lien against debt availed. These were presented under “Short term investments
with related parties” and “Investments with related parties” as on March 31, 2023. (Refer Note 8(b) and 14(b)).

8 (b) Short term investments with related parties

The components of short term investments were as follows:

(In USD)

| As at                             |     | March 
 31,   
 2024  |   |     | March 
 31,   
 2023  |         |
|:----------------------------------|:----|:------|:--|:----|:------|--------:|
| Certificate                       
 of deposits with related parties* |     |       | - |     |       | 166,540 |
| Short term investments            |     |       | - |     |       | 166,540 |

Further, these deposits are under lien against debt availed
from the party.

(This space has been left intentionally blank) F-81 ZOOMCAR HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

9 (a) Other current assets

The components of other current assets were as follows:

(In USD)

|                                 | As at |     |   March 
     31, 
    2024 |     |     |     March 
       31, 
      2023 |
|:--------------------------------|:------|:----|--------:|:----|:----|----------:|
| Security deposits               |       |     |  98,813 |     |     |    53,585 |
| Franchise tax refund receivable |       |     |  84,490 |     |     |         - |
| Advance to employees            |       |     |  15,159 |     |     |    67,997 |
| Receivables from car sale       |       |     |  90,244 |     |     |   578,523 |
| Advance income taxes, net       |       |     |   9,094 |     |     |   105,837 |
| Advance to suppliers            |       |     |   9,370 |     |     |    88,115 |
| Other receivables               |       |     | 216,576 |     |     |   256,152 |
| Other current assets            |