Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 336

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 336
---
 the Company’s obligation to provide agreed benefits to the employees. The related actuarial and investment risks fall on the Company. The summary of current and non-current employee benefit plans obligations along with its components are as below:

| Pension and other employee 
 obligations                | As at |   | December 31, 
         2024 |     |   |   March 
     31, 
    2024 |
|:---------------------------|:------|:--|-------------:|:----|:--|--------:|
| Current                    |       |   |              |     |   |         |
| Gratuity                   |       | $ |       78,460 |     | $ |  93,967 |
| Compensated absences       |       |   |       68,516 |     |   |  89,688 |
|                            |       | $ |      146,976 |     | $ | 183,655 |
| Non-current                |       |   |              |     |   |         |
| Gratuity                   |       | $ |      200,148 |     | $ | 258,524 |
| Compensated absences       |       |   |      145,708 |     |   | 232,925 |
| Other statutory dues       |       |   |        2,074 |     |   |       - |
|                            |       | $ |      347,930 |     | $ | 491,449 |

<div align='center'>F-41

ZOOMCAR HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)</div>

| 28 | Employee benefit plans (unfunded) (Continued) |

| I. | Gratuity |

| Changes                               
 in projected benefit obligation (PBO) |     | Three        
 months ended 
 December 31, 
 2024         |         |   |     | 2023 |         |   |     | Nine         
 months ended 
 December 31, 
 2024         |          |   |     | 2023 |         |   |
|:--------------------------------------|:----|:-------------|--------:|:--|:----|:-----|--------:|:--|:----|:-------------|---------:|:--|:----|:-----|--------:|:--|
| PBO                                   
 at the beginning of the