Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 631

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1B
Chunk 631
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 towards payment of
unsecured promissory note $1.23 million, payment towards offering costs $2.84 million, payment towards issuance cost of Senior Subordinated
convertible promissory note $1.56 million, repayment of debt $1.46 million, payment of finance lease obligations $0.53 million during
the year ended March 31, 2024. As the Company’s cash position decreased, critical payments and debt repayments were not being made
in the ordinary course of business.

Contractual Obligations and Commitments

Contractual obligations
are cash amounts that we are obligated to pay as part of certain contracts that we have entered into during the normal course of business. 

77

Below is a table that shows
our contractual lease obligations as of March 31, 2025:

    March 31, 2025 
  
    Maturities of lease liabilities 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 

Borrowings

The contractual commitment
amounts in the table below are associated with agreements that are enforceable and legally binding. Obligations under contracts that
we can cancel without a material penalty are not included in the table above.

    As at 
    March 31,
 2025 
  
    Current 

    From Others 

    - Mahindra & Mahindra Financial Services Limited 
     439,415 
  
    - TATA Motors Finance Limited 
     1,749,415 
  
    - Kotak Mahindra Financial Services Limited 
     376,861 
  
    - Orix Leasing and Financial Services India LTD 
     58,978 
  
    - Clix Finance India Private