Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1644

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 5
Chunk 1644
---
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, and the related notes (collectively referred to as the “consolidated financial statements”). In our opinion, the
consolidated financial statements present fairly, in all material respects, the financial position of the Company as of March 31, 2025
and 2024, and the results of its operations and its cash flows for each of the two years in the period ended March 31, 2025, in conformity
with accounting principles generally accepted in the United States of America.

Going concern

The accompanying consolidated financial statements
have been prepared assuming that the Company will continue as a going concern. As discussed in Note 1 to the consolidated financial statements,
the Company has suffered recurring losses from operations and has a net capital deficiency. In addition, the Company’s cash position
is critically deficient