Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 381

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 381
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 whole share. Accordingly, all share and per share amounts for all periods presented in the accompanying consolidated financial statements and notes thereto have been adjusted retroactively, where applicable, to reflect this Reverse Stock Split and adjustment of the stock conversion ratios.

Every 100 shares of issued and outstanding Common Stock has been consolidated into one share, without affecting the par value. In addition, (i) a proportionate adjustment has been made to the number of outstanding warrants, per share exercise price and the number of shares issuable upon the exercise of all outstanding stock options and warrants to purchase shares of common stock as per the terms and conditions of the respective warrant agreements, and (ii) the number of shares reserved for issuance pursuant to the Company’s equity incentive plans will also be reduced proportionately.

| 5 | Cash and cash equivalents |

The components of cash and cash equivalents were as follows:

| (In USD)                  | As at |   |     March 
       31, 
      2024 |     |   |     March 
       31, 
      2023 |
|:--------------------------|:------|:--|----------:|:----|:--|----------:|
| Balances in bank accounts |       | $ | 1,495,097 |     | $ | 3,657,580 |
| Certificate of deposits   |       |   |         - |     |   |    15,633 |
| Cash                      |       |   |     1,047 |     |   |    13,528 |
| Cash and cash equivalents |       |   | 1,496,144 |     |   | 3,686,741 |

| 6 | Accounts receivable,                   
 net of allowance for doubtful accounts |

The components of accounts receivables were as follows:

| (In USD)                | As at |   |   March 
     31, 
    2024 |   |     |   |   March 
     31, 
    2023 |
|:------------------------|:------|:--|--------:|:--|:----|:--|--------:|
| Accounts receivable     |       | $ | 207,971 |   |     | $ | 255,175 |
| Allowance for credit    
 losses                  |       |   | (13,774 | ) |     |   |       - |
| Net accounts receivable |       |   | 194,197 |   |