Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 200

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 200
---
 17,048 stock option awards granted under the 2012 Equity Plan which the Company has assumed under the 2012 Incentive Plan as was outstanding at the end of fiscal year ended March 31, 2024 computed in accordance with the Financial Accounting Standards Board’s (FASB) Accounting Standards Codification (ASC) Topic 718. 
 For Mr. Sachin Gupta and Ms. Shachi Singh the numbers represent the grant date fair value of the RSUs issued under the 2023 Equity Incentive Plan.                                                                                                                                                                                                                                                               |

126

| (3) | The amounts in this column represent the amount of variable pay earned                                                                
 by each named executive officer in respect of the fiscal year ended March 31, 2025, which is paid in Indian Rupees and reported above 
 based on a rate of 84.56 Indian Rupees to $1.                                                                                         |

| (4) | All Other Compensation amounts reported for each named executive officer                        
 were paid in Indian Rupees and are reported above based on a rate of 84.56 Indian Rupees to $1. |

| (5) | On behalf of Mr. Moran, Zoomcar made $121,771 and $53,856 in contributions                                                                 
 to India’s Provident Fund, a defined contribution plan, for the fiscal year ended March 31, 2025 and 2024 respectively. Zoomcar            
 paid $7,803 and $20,351 for a corporate apartment utilized by Mr. Moran during the fiscal year ended March 31, 2025 and 2024 respectively. 
 On June 20, 2024, Greg Moran, the Company’s Chief Executive Officer, was terminated from his role.                                         |

| (6) | Mr. Geiv Dubash(former Chief Financial Officer) resigned as Chief Financial                                                            
 Officer effective April 12, 2024. Mr. Sachin Gupta served as our Interim Chief Financial Officer from April 12, 2024 until January 16, 
 2025 and then was appointed Chief Financial Officer with effect from January 17, 2025.                                                 |

| (7) | On behalf of Mr. Gupta, Zoomcar made $15,651 and $37,528 in contributions                                               
 to India’s Provident Fund, a defined contribution plan, for the fiscal year ended March 31, 2025 and 2024 respectively. |

| (8) | Following such termination of Mr. Moran, effective June 20