Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 380

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 380
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 Common stock – issuance to IOAC shareholders                                                    |             |     |                      91,924 |     |     |                      9,192,377 |
| Shares issued to Mohan Ananda                                                                   |             |     |                      27,382 |     |     |                      2,738,172 |
| Other vendors                                                                                   |             |     |                      36,173 |     |     |                      3,617,333 |
| Total                                                                                           |             |     |                     429,270 |     |     |                     42,875,363 |

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F-76

ZOOMCAR HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

| 3 | Reverse Recapitalization 
 (Continued)              |

The number of Zoomcar, Inc. shares was determined as follows:

| Particulars                                      |     | Zoomcar,    
 Inc. Shares |            |     | Common                        
 shares issued to              
 shareholders of Zoomcar, Inc. 
 (After Reverse Stock Split)   |         |     | Common                         
 shares issued to               
 shareholders of Zoomcar, Inc.  
 (Prior to Reverse Stock Split) |            |
| Common shares                                    |     |             | 16,987,064 |     |                               |   5,342 |     |                                |    482,681 |
| Preferred stock                                  |     |             | 99,309,415 |     |                               | 218,425 |     |                                | 21,842,458 |
| Redeemable NCI - Shares of Zoomcar India Private 
 Limited                                          |     |             | 10,848,308 |     |                               |   7,542 |     |                                |    754,169 |
| Issue of common shares                           
 on conversion of SSCPN                           |     |             |          - |     |                               |  42,482 |     |                                |  4,248,173 |
| Total                                            |     |             |            |     |                               | 273,791 |     |                                | 27,327,481 |

| 4 | Reverse Stock Split |

The Company’s shareholders authorized, and the Board of Directors approved for a 1-for-100 Reverse Stock Split, which became effective on October 21, 2024. Any fractional shares that would have otherwise resulted from the Reverse Stock Split were rounded up to the nearest