Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 3211

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 8
Chunk 3211
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134,883 
  
    Technology expenses 
     10,273  
     162,789 
  
    Marketing expenses 
     1,778  
     19,228 
  
    General and administrative expenses 
     36,760  
     1,566,833 
  
    Total stock-based compensation expense 
     52,461  
     1,883,733 

The stock-based compensation expense
is recorded in the employee benefit cost and apportioned basis respective functions.

The fair value of options granted is considered as the market price
of the Common Stock on the grant date.

The movement in number of stock-based
options outstanding and their related weighted average exercise price for the 2023 Equity Incentive Plan are as follows:

    2025  
    2024 

    No. of options  
    Weighted average exercise price  
    No. of options  
    Weighted average exercise price 
  
    Outstanding at the beginning of the year 
     -  
    $         -  
          -  
    $       - 
  
    Granted during the year 
     17,966  
     -  
     -  
     - 
  
    Outstanding at the end of the period 
     17,966  
        
     -  

    Exercisable at the end of the period 
     17,966  
     -  
     -  
     - 
  
    Unvested at the end of the period 
     -  
     -  
     -  
     - 

The weighted average grant date fair
value of stock options granted during the year ended March 31, 2025 and March 31, 2024 were $2.92 and $NIL per share, respectively.

Weighted average remaining life (in
years)

    As at 
     March 31,
 2025  
     March 31,
 2024 
  
    Vested options 
     -  
     - 
  
    Unvested options 
     -  
     - 

The expected life of the stock is based
on historical data and current expectations and is not necessarily indicative of exercise patterns that may occur. The expected volatility
reflects the assumption that the historical volatility over a period similar to the life of