Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 409

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 409
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 with actuarial valuations being carried out at each reporting date. The retirement benefit obligations recognized in the Consolidated Balance Sheet represents the present value of the defined obligations. Under an employee benefit plan, it is the Company’s obligation to provide agreed benefits to the employees. The related actuarial and investment risks fall on the Company. The summary of current and non-current employee benefit plans obligations along with it’s components are as below:

Pension and other employee obligations

|                      | As at |   |   March 
     31, 
    2024 |     |   |   March 
     31, 
    2023 |
|:---------------------|:------|:--|--------:|:----|:--|--------:|
| Current              |       |   |         |     |   |         |
| Gratuity             |       | $ |  93,967 |     | $ |  70,872 |
| Compensated absences |       |   |  89,688 |     |   |  75,134 |
|                      |       |   | 183,655 |     |   | 146,006 |
| Non current          |       |   |         |     |   |         |
| Gratuity             |       |   | 258,524 |     |   | 215,841 |
| Compensated absences |       |   | 232,925 |     |   | 222,967 |
|                      |       |   | 491,449 |     |   | 438,808 |

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F-97

ZOOMCAR HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

| 30 | Employee benefit plans 
 (unfunded) (Continued) |

| I. | Gratuity |

|                                               |     |   |   March 
     31, 
    2024 |   |     |   |    March 
      31, 
     2023 |   |
|:----------------------------------------------|:----|:--|--------:|:--|:----|:--|---------:|:--|
| Changes in projected benefit obligation (PBO) |     |   |         |   |     |   |          |   |
| PBO at the beginning of the year              |     | $ | 286,714 |