Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 321

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 321
---
 |     | $         | 1,160,191 |     | $       | 4,015,692 |     | $         | 1,375,223 |     | $       | 5,738,239 |

During the period ended December 31, 2024, the Company entered into re-structuring agreements with Orix Leasing and Financial Services India Limited (Orix). Under the restructured terms with Orix, the Company was to pay 50% of the outstanding liability by November 25, 2024, with the remaining 50% due in 12 monthly installments at 12% interest, starting January 15, 2025. If the Company defaults, the entire liability, plus 18% annual compounded interest, will be due after a 15-day grace period. As of December 31, 2024, the Company has fulfilled all payment obligations under the restructured terms.

In adherence to the agreement, the Company has accumulated penal interest at a simple interest rate of 1% per month on the overdue EMIs after adjustment of amounts paid during the three months ended December 31, 2024, amounting to $226,093.

As per the terms of the agreement, an additional simple interest of 1.5% per month is levied on the overdue amount as it is still unpaid after 60 days from date of default.

<div align='center'>F-28

ZOOMCAR HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)</div>

| 13 | Investments |

The components of investments were as follows:

|                             | (In   
 USD)  
 As at |   | December 31, 
         2024 |     |   |  March 
    31, 
   2024 |
|:----------------------------|:------|:--|-------------:|:----|:--|-------:|
| Long term investments       |       |   |              |     |   |        |
| Investments                 
 in certificate of deposits* |       | $ |       25,295 |     | $ | 91,947 |
|                             |       | $ |       25,295 |     | $ | 91,947 |

| * | Investments                                                        
 includes certificate of deposits and interest accrued on the same. |

| 14 | Other              
 non-current assets |

The components of other non-current assets were as follows:

|