Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1337

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 3
Chunk 1337
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participation and supervision of our Chief Executive Officer and our Chief Financial Officer, has evaluated the effectiveness of our disclosure
controls and procedures (as defined in Rules 13a-15(e) and 15d-15(e) under the Exchange Act) as of the end of the period covered by this
annual report on Form 10 K . Based on such evaluation, our Chief Executive Officer and Chief Financial Officer have concluded that as
of such date, our disclosure controls and procedures were not effective due to the material weaknesses in our internal control over financial
reporting described below. In light of this fact, our management has performed additional analyses, reconciliations, and other post-closing
procedures and has concluded that, notwithstanding the material weaknesses in our internal control over financial reporting, the consolidated
financial statements for the periods covered by and included in this annual report on Form 10-K fairly present, in all material respects,
our financial position, results of operations and cashflows for the periods presented in conformity with GAAP.

b) Material Weaknesses in Internal Control over Financial
Reporting

Management’s Report on Internal Controls Over Financial Reporting

This Annual Report on Form
10-K does not include an attestation report of our registered public accounting firm due to a transition period established by rules of
the SEC for an “emerging growth company,” as defined in Section 2(a) of the Securities Act, as modified by the Jumpstart Our
Business Startups Act of 2012. 

Management is responsible
for establishing and maintaining adequate internal control over financial reporting, as such term is defined in Rule 13a-15(f) under the
Exchange Act. Internal control over financial reporting is a process designed to provide reasonable assurance regarding the reliability
of financial reporting and the preparation of financial statements for external purposes in accordance with accounting principles generally
accepted in the United States. Because of its inherent limitations, internal control over financial reporting may not prevent or detect
misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become
inadequate because of changes in conditions or because the degree of compliance with policies or procedures may deteriorate.

Management conducted, under
the supervision of our Principal Executive Officer and Principal Financial Officer, an evaluation of the effectiveness of our internal
control over financial reporting based on the framework in Internal Control – Integrated Framework (2013) issued by the Committee
of Sponsoring Organizations of the Treadway Commission, commonly referred to as the “