Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 302

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 302
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 or 64%, primarily driven by $0.43 million reduction in performance marketing expenses, Personnel-related
costs decreased by $0.14 million due to reductions in headcount and $0.08 million reduction in brand marketing.

General and Administrative 

    For the Three Months  Ended Sep 30,  
    For the Six Months  Ended Sep 30, 

    2025  
    2024  
    Change  
    % Change  
    2025  
    2024  
    Change  
    % Change 
  
    General and administrative 
     2,151,287  
     1,656,036  
     495,251  
           30% 
     4,025,482  
     4,054,948  
     (29,466) 
           -1%

General and administrative
expenses were $2.15 million during the three months ended on September 30, 2025, as compared to $1.66 million during the three months
ended on September 30, 2024, an increase of $0.50 million, or 30%. This increase is primarily due to increase in personnel-related costs
by $0.17 million and professional charges increased by $0.31 million due to RSU and Stock Inducement to employees and CEO incurred during
the three months ended September 30, 2025.

General and administrative
expenses were $4.03 million during the six months ended on September 30, 2025, as compared to $4.05 million during the six months ended
on September 30, 2024, a decrease of $0.02 million, or 1%. Legal and professional cost increased by $0.29 million due to Stock inducement
awarded to CEO during the six months ended September 30, 2025, this increase is offset by reduction of personal-related costs by $0.19
million despite of RSU issuance cost incurred, due to reduction of headcount during the six months ended September 30, 2025and the rent
expense is reduced by $0.11 million pertains to rental towards parking site where Assets held for sale was parked due to sale of Assets
held for sale and closure of city office rentals.

Finance Costs

    For
    the Three Months 
    Ended Sep 30,  
    For