Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 368

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 368
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 1,031,760 |   |
| Balance,                                                                            
 end of period                                                                       |       |   | 1,749,891 |   |     |   | 1,712,181 |   |
| Accumulated                                                                         
 other comprehensive income                                                          |       |   | 1,795,992 |   |     |   | 1,827,999 |   |

(This space has been left intentionally blank) F-94 ZOOMCAR HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

| 23 | Capital 
 Stock   |

| Common | stock   
 capital |

On December 28, 2023, the Company consummated a Business Combination which was accounted for as a Reverse Recapitalization (refer Note 3 for additional information). The Company had 220,000,000shares of Zoomcar, Inc. Common Stock authorized for issuance prior to the closing of the Reverse Recapitalization. Pursuant to the Company’s restated certificate of incorporation, the Company is authorized to issue 260,000,000shares of capital stock, consisting of (a) 250,000,000shares of Common Stock with a par value of $ 0.0001per share, and (b) 10,000,000shares of preferred stock with a par value of $ 0.0001per share.

As a result of the Reverse Recapitalization, 16,987,064shares of Zoomcar, Inc. Common Stock, were converted into shares of the Company’s Common Stock at an Exchange Ratio of 0.0284. The holders of Common Stock are entitled to onevote per share on all matters submitted to the stockholders for their vote or approval. On all matters to be voted upon, holders of Common Stock and holders of Preferred Stock will vote together as a single class on all matters submitted to the stockholders for their vote or approval.

As on the Closing date, a) 14,229( 273,791prior to Second Reverse Stock Split and 27,327,481prior to First Reverse Stock Split) shares were issued at an exchange ratio of 0.0284in exchange for 16,987,064shares of common stock and 112,660,583shares of Preferred Stock of Zoomcar, Inc. Also, 4,597( 91,924prior to Second Reverse Stock Split and 9,192,377prior to First Reverse Stock Split) shares of the Company were issued at a conversion