Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 59

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 59
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    $42,235 
  
    Amortization loss 
     (296) 
     (1,672) 
     (598) 
     (3,351)
  
    Total 
    $(7,926) 
    $(19,604) 
    $23,069  
    $45,586 

    Components of actuarial gain: 
    Three months ended 
September 30,  
    Six months ended 
September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Actuarial loss/(gain) due to demographic assumption changes in defined benefit obligation 
    $(1,696) 
    $2,004  
    $4,879  
    $1,063 
  
    Actuarial loss/(gain) due to financial assumption changes in defined benefit obligation 
     (1,254) 
     3,378  
     6,092  
     2,701 
  
    Actuarial loss due to experience on defined benefit obligation 
     (5,272) 
     (26,571) 
     11,500  
     38,558 
  
    Total 
    $(8,222) 
    $(21,189) 
    $22,471  
    $42,322 

42

ZOOMCAR
HOLDINGS, INC.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

24Employee
benefit plans (unfunded) (Continued)

The
assumptions used in accounting for the gratuity plan are as follows:

    September 30, 
2025  
    September 30, 
2024 
  
    Discount rate - staff 
     6.23% 
     6.78%
  
    Discount rate - independent service provider* 
     6.54% 
     6.78%
  
    Attrition rate - staff 
     42.61% 
     38.91%
  
    Attrition rate - independent service provider* 
     82.00% 
     81.49%
  
    Rate of increase in compensation levels - staff 
     12.98% 
     12.63%
  
    Rate of increase in compensation levels - independent service provider* 
     10.96%