Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 251

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 251
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, and                
 any person (other than a tenant or employee) sharing the household of such director, officer or beneficial owner of more than five percent          
 (5%) of its voting stock; and                                                                                                                       |

| ● | any firm, corporation or other                                                                                                            
 entity in which any of the foregoing persons is a partner or principal or in a similar position or in which such person has a ten percent 
 (10%) or greater beneficial ownership interest.                                                                                           |

Zoomcar has policies and
procedures designed to minimize potential conflicts of interest arising from any dealings it may have with its affiliates and to provide
appropriate procedures for the disclosure of any real or potential conflicts of interest that may exist from time to time. Specifically,
pursuant to its charter, the audit committee will have the responsibility to review related party transactions.

All of the transactions described
in this section were entered into prior to the adoption of this policy. Certain of the foregoing disclosures are summaries of certain
provisions of our related party agreements and are qualified in their entirety by reference to all of the provisions of such agreements.
Because these descriptions are only summaries of the applicable agreements, they do not necessarily contain all of the information that
you may find useful. Copies of certain of the agreements (or forms of the agreements) have been filed as exhibits to the registration
statement of which this prospectus is a part and are available electronically on the website of the SEC at www.sec.report.

<div align='center'>145

PRINCIPAL SHAREHOLDERS</div>

The following table sets
forth the beneficial ownership of our common shares as of March 25, 2025 by:

| ● | each person who is known to be                                         
 the beneficial owner of more than 5% of the outstanding common shares; |

| ● | each of our current named executive officers and directors; and |

| ● | all our current executive officers and directors as a group. |

<div align='center'>BENEFICIAL OWNERSHIP OF SECURITIES</div>

The following table sets
forth information regarding the beneficial ownership of our voting shares as of February 26, 2025 by:

| ● | each person who is known to be the beneficial owner of more than 5% of our voting shares; |

| ● | each of our named executive officers and directors; and |

| ● | all of our executive officers and directors as a group. |

Beneficial ownership is determined
according to the rules of the SEC, which generally provide that a person has