Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 383

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 383
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 |                                   |          - |     |                                   |   3,465,293 |   |
| Conversion                                                                                                                              
 to Common Stock                                                                                                                         |     |                         |          - |   |     |       | (3,953,857 | ) |     |       | (27,148,313 | ) |     |                                   |          - |     |                                   |           - |   |
| Reclassification                                                                                                                        
 on conversion of preferred stock warrants and derivative financial instruments of Zoomcar, Inc. to common stock warrants of the Company |     |                         | (6,475,185 | ) |     |       |          - |   |     |       |           - |   |     |                                   |          - |     |                                   | (17,839,149 | ) |
| Change                                                                                                                                  
 in fair value of unsecured convertible note                                                                                             |     |                         |          - |   |     |       |          - |   |     |       |           - |   |     |                                   |  1,632,996 |     |                                   |           - |   |
| Balance                                                                                                                                 
 as of March 31, 2024                                                                                                                    |     |                         |          - |   |     |       |          - |   |     |       |           - |   |     |                                   | 10,067,601 |     |                                   |           - |   |

During the years ended March 31, 2024 and March 31, 2023, there were no non-recurring fair value measure of assets or liabilities subsequent to initial recognition.

F-110 ZOOMCAR HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

| 35 | Derivative           
 financial instrument |

The warrants are subject to equity price risk since the underlying for the instrument is the Company’s common stock price.

The fair value of derivative liabilities as on March 31, 2024 and March 31, 2023 are as follows:

|                                                                    |     | March 31, 2024         |     |            |   |     | March 31, 2023         |     |            |            |
|:-------------------------------------------------------------------|:----|:-----------------------|:----|:-----------|:--|:----|:-----------------------|:----|:-----------|-----------:|
| As at                                                              |     | Balance Sheet Location |     | Fair Value |   |     | Balance Sheet Location |     | Fair Value |