Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 214

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1
Chunk 214
---
 was $4,535,288.

The Company has computed income tax expense/(benefit)
for the year ended March 31, 2025 and March 31, 2024 by using a forecasted annual effective tax rate and adjust for any discrete items
arising during the period. The Company has recorded $NIL tax expense for all of the periods. Our effective tax rate was 0.00%, 0.00% for
the year ended March 31, 2025 and March 31, 2024, respectively. The Company has computed a valuation allowance on deferred tax assets
for the year ending March 31, 2025 and hence no deferred tax asset is recognized as of March 31, 2025. The effective tax rate differs
from the statutory tax rate of 21% for the years ended March 31, 2025 and 2024, due to changes in valuation allowance on the deferred
tax assets.

The Company has received various orders from Indian
tax authorities, for details Refer Note 34.

F-39

ZOOMCAR HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

28Net loss per share

The components of basic and diluted loss per share were as
follows:

    (In USD, except loss per share) 
    March 31, 2025  
    March 31, 2024 

    Net loss available for common shareholders (A) 
    $(25,622,303) 
    $(34,277,252)
  
    Weighted average outstanding shares of common stock (B) 
     494,276  
     8,927 
  
    Dilutive effect of potentially dilutive outstanding securities 
     -  
     - 
  
    Common stock and common stock equivalents (C) 
     494,276  
     8,927 
  
    Loss per share 

    Basic (A/B) 
    $(51.84) 
    $(3,839.73)
  
    Diluted (A/C) 
    $(51.84) 
    $(3,839.73)

Share related amounts have been retroactively adjusted to reflect the
reverse stock-split for all periods presented.

Since the Company was in a loss position for the year ended March 31,
2025 and year ended March 31, 2024, basic loss per share was same as diluted net loss per share for the periods presented.