Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1051

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 2
Chunk 1051
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 terms exceed the carrying amount of the payable at the date of restructuring, no adjustment to the carrying amount
of the payable is made. Instead, the company calculates a New Effective Interest Rate (EIR) based on the revised terms of the restructured
payable. The debt is then amortized over the remaining life of the payable using the new EIR, with interest expense recognized based
on this rate in future periods.

Quantitative and Qualitative Disclosures About Market Risk

We are exposed to market
risks in the ordinary course of our business, which primarily relate to fluctuations in inflation and foreign currencies. Such fluctuations
to date have not been significant.

Item 7A. Quantitative and Qualitative Disclosures About Market Risk

As a “smaller reporting
company” as defined by Item 10 of Regulation S-K, we are not required to provide information required by this Item.

82

Item
8. Financial Statements and Supplementary Data 

ZOOMCAR
HOLDINGS, INC.

INDEX
TO CONSOLIDATE FINANCIAL STATEMENTS

  Report of Independent Registered Public Accounting Firm (Grant Thornton Bharat LLP, PCAOB ID: 2416)   F-2  Consolidated Balance Sheets as of March 31, 2025 and 2024   F-3  Consolidated Statements of Operations for the years ended March 31, 2025 and 2024   F-4  Consolidated Statements of Comprehensive Income/(Loss) for the years ended March 31, 2025and 2024   F-5  Consolidated Statements of Redeemable Non-Controlling Interests, Mezzanine Equity and Stockholders Equity for the years ended March 31, 2025 and 2024   F-6  Consolidated Statements of Cash Flows for the years ended March 31, 2025 and 2024   F-7  Notes to Consolidated Financial Statements   F-8 

F-1

REPORT
OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

Board of Directors and Shareholders

Zoomcar Holdings, Inc.

Opinion on the financial statements

We have audited the accompanying consolidated
balance sheets of Zoomcar Holdings, Inc. and subsidiaries (the “Company”) as of March 31, 2025 and 2024, the related consolidated
statements of operations, comprehensive loss, stockholders' deficit, and cash flows for each of the two years in the period ended March
31, 2025