Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 286

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 286
---
 to the Company’s creditors or creditors of the Company’s other subsidiaries.

Nature
of, and changes (if any) in, the risks associated with a reporting entity’s involvement with the VIE

In
case of all the entities, the reporting entity is exposed to foreign currency exchange risk of the subsidiaries since the subsidiaries
are incorporated in countries other than the country in which the reporting entity has been incorporated.

47

ZOOMCAR
HOLDINGS, INC.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

28Financial
Instruments - Fair Value Measurements

ASC
Topic 820, “Fair Value Measurements and Disclosures” (“ASC 820”) defines fair value as the price that would be
received upon sale of an asset or paid upon transfer of a liability in an orderly transaction between market participants at the measurement
date and in the principal or most advantageous market for that asset or liability. The fair value should be calculated based on assumptions
that market participants would use in pricing the asset or liability as against assumptions specific to the entity. In addition, the
fair value of liabilities should include consideration of non-performance risk, including the Company’s own credit risk.

    The carrying value of financial instruments not carried at fair value by categories are as below:
  
    As at 
    September 30, 
2025  
    March 31, 
2025 

    Carrying value  
    Carrying value 
  
    Financial assets 

    Cash and cash equivalents 
    $169,357  
    $1,077,275 
  
    Accounts receivable 
     94,357  
     200,650 
  
    Receivable from government authorities 
     -  
     187,458 
  
    Long term investments 
     21,471  
     25,653 
  
    Other financial assets 
     408,899  
     365,433 
  
    Total assets 
    $694,084  
    $1,856,469 
  
    Financial liabilities 

    Accounts payable 
    $13,957,818  
    $12,548,582 
  
    Debt 
     2,387,943  
     2,851,341 
  
    Unsecured notes 
     509,850  
     - 
  
    Convertible notes 
     370,557  
     - 
  
    Other financial liabilities