Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1062

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 2
Chunk 1062
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838)

*Both the number of stock outstanding and their par value
have been retroactively recast for all prior periods presented to reflect the par value of the outstanding stock of Zoomcar Holdings,
Inc. as a result of the successful Reverse Recapitalization.

**Prior period numbers have been adjusted to reflect the First
Reverse Stock Split and the Second Reverse Stock Split of the Common Stock at a ratio of 1-for-100 and 1-for-20 respectively. (Refer
Note 3) The accompanying notes are an integral part of these Consolidated Statements of Stockholders’ Deficit

*** ReferNote 23 for the details of the common stock and warrants
issued and exercised during the year.

F-6

ZOOMCAR HOLDINGS, INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

    Year ended 
    March 31, 2025  
    March 31, 2024 
  
    A. Cash flows from operating activities 

    Net loss 
     (25,622,303) 
     (34,277,252)
  
    Adjustments to reconcile net loss to net cash used in operating activities : 

    Depreciation and amortization 
     433,906  
     1,001,621 
  
    Stock-based compensation 
     52,461  
     1,883,733 
  
    Impairment of balances with government authorities 
     -  
     3,875,767 
  
    Change in fair value of preferred stock warrant 
     -  
     5,284,494 
  
    Change in fair value of convertible promissory note 
     -  
     (6,990,870)
  
    Change in fair value of Senior Subordinated Convertible Promissory Notes 
     -  
     (3,448,845)
  
    Change in fair value of derivative financial instruments 
     (9,035,085) 
     3,465,293 
  
    Loss on Litigation settlement 
     12,738,865  
     - 
  
    Loss on extinguishment of liability 
     3,458,248  
     - 
  
    Interest on redeemable promissory note 
     1,995,967  
     - 
  
    Amortisation of discount and debt issuance cost on redeemable promissory notes 
     1,765