Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1577

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 4
Chunk 1577
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(other than an executive officer) of the Company; or benefits under a tax-qualified retirement plan, or non-discretionary compensation;
or (C) A director who is the Family Member of a Person who is, or at any time during the past three years was, employed by the Company
as an executive officer. The Company’s Board has determined that each of Mohan Ananda, Evelyn D’An, Swatick Majumdar,
and John Clarke are independent directors under the OTCQX Rules and that the Audit Committee composes of independent directors and meets
the heightened independence standards of Rule 10A-3 of the Exchange Act.

110

Item 14. Principal Accounting Fees and Services

For the fiscal year ended
March 31, 2025, Grant Thornton Bharat LLP (“GT”), served as our independent registered public accounting firm and during such
time, billed the approximate fees set forth in the table below. On December 28, 2023, as contemplated by the Merger Agreement, Innovative
International Acquisition Corp. merged with Zoomcar Inc., resulting in Zoomcar Holdings, Inc. The Merger was accounted for as a reverse
recapitalization with Zoomcar, Inc. as the accounting acquirer and Innovative International Acquisition Corp.as the acquired company for
accounting purposes. Accordingly, GT, which has been Zoomcar Inc., auditor since 2021, assumed the role of the Zoomcar Holdings independent
registered public accounting firm.

The table below sets forth
the aggregate fees billed to the Company by GT for services rendered in the fiscal year ended March 31, 2025.

    March 31, 2025 
  
    Audit fees 
    $586,961 
  
    Audit-related fees 
     — 
  
    Tax fees 
     — 
  
    All other fees 

    Total 
    $586,961 

Audit Fees

Audit fees consist of fees
billed for professional services rendered for the audit of our year-end financial statements and services that are normally provided by
GT in connection with regulatory filings

Audit Related Fees

Audit-related services consist
of fees billed for assurance and related services that are reasonably related to performance of the audit or review of our financial statements
and are not reported under “Audit Fees.” These services include attest services that are not required by statute or regulation
and consultations concerning financial accounting and reporting standards.

Tax Fees

Consists of fees for professional
services for domestic and international tax advisory and