Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 80

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 80
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.92 million during the three months ended June 30, 2025
as compared to higher  proceeds from the issuance of redeemable promissory note amounting to $3.00 million, further there are cash
outflows towards redeemable promissory note issue expenses amounting to $0.49 million and repayment of Debt amounting to $0.95 million
during the three months ended June 30, 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.

Below is a table that shows our contractual lease obligations as of
June 30, 2025:

    June 30, 2025 
  
    Maturities of lease liabilities are as follows: 
    Operating
 Leases  
    Finance
 Leases 
  
    2025 

    2026 
    $251,986  
    $2,595,396 
  
    2027 
     352,315  
     913,347 
  
    2028 
     369,465  
     - 
  
    2029 
     387,474  
     - 
  
    2030 
     -  
     - 
  
    Total Lease Payments 
    $1,361,240  
    $3,508,743 
  
    Less: Imputed Interest 
     295,842  
     474,578 
  
    Total Lease Liabilities 
    $1,065,398  
    $3,034,165 

57

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 
    June 30,  2025 
  
    Current 

    From Others 

    - Mahindra & Mahindra Financial Services Limited 
    $420,533 
  
    - TATA Motors Finance Limited 
     1,721,566 
  
    - Kotak Mahindra Financial Services Limited 
     388,252 
  
    - Orix