Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1880

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 6
Chunk 1880
---
015,655)   (4,117,406)  Accumulated impairment   (1,761,515)   (1,806,149)  Property and equipment, net  $-   $-                Current finance lease liabilities  $3,966,962   $5,738,239   Non-current finance lease liabilities   -    -   Total finance lease liabilities  $3,966,962   $5,738,239                Weighted Average Remaining Lease Term            Operating leases   48 months    58 months   Finance leases   18 months    30 months   Weighted Average Discount Rate            Operating leases   13.00%   13.00%  Finance leases   9.00%   9.00% 

F-27

ZOOMCAR HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

12Leases (Continued)

The Company determines the incremental borrowing
rate by adjusting the benchmark reference rates, with appropriate financing spreads applicable to the respective geographies where the
leases were entered and lease specific adjustments for the effects of collateral.

    March 31, 2025 
  
    Maturities of lease liabilities as of March 31 are as follows: 
    Operating Leases  
    Finance Leases 
  
    2026 
     337,044  
     4,285,354 
  
    2027 
     353,429  
     - 
  
    2028 
     370,634  
     - 
  
    2029 
     388,699  
     - 
  
    2030 
     -  
     - 
  
    Total Lease Payments 
    $1,449,806  
    $4,285,354 
  
    Less : Imputed Interest 
     331,069  
     318,392 
  
    Total Lease Liabilities 
    $1,118,737  
    $3,966,962 

During the year ended March 31, 2025, the Company entered into re-structuring
agreements with Orix Leasing and Financial Services India Limited (Orix) and recorded a gain on modification