Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 281

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 281
---
    $34,816  
    $-  
    $-  
    $- 
  
    Technology expenses 
     66,052  
     -  
     -  
     - 
  
    Marketing expenses 
     22,777  
     -  
     -  
     - 
  
    General and administrative expenses 
     170,825  
     -  
     -  
     - 
  
    Total stock-based compensation expense 
     294,470  
     -  
     -  
     - 

44

ZOOMCAR
HOLDINGS, INC.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

25Stock-based
compensation expense (Continued)

The
fair value of options granted is estimated on the date of grant using the Black-Scholes- option-pricing model using the weighted average
assumptions. The assumptions used in the valuation are as follows:

     September 30, 
2025   September 30, 
2024   Dividend yield   0.00%         -   Expected volatility   60.00%   -   Risk-free interest rate   3.68
- 4.16%   -   Exercise price   -    -   Expected life (in years)   0.5
- 3     -   Stock price   0.501    -   Attrition rate   15%   -  

The
movement in number of stock-based options outstanding and their related weighted average exercise price for the 2023 Plan are as follows:

    Six months ended  September 30,  
    Six months ended  September 30, 

    2025  
    2024 

    No. of  options  
    Weighted  average  exercise  price  
    No. of  options  
    Weighted  average  exercise  price 
  
    Outstanding at the beginning of the year 
     17,950  
    $      -  
           -  
    $      - 
  
    Add: Granted during the year 
     4,525,000