Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1741

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 5
Chunk 1741
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 the chief executive officer, other executive officers and senior management;

    ●
    reviewing and recommending to the board of directors the compensation of directors;

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    administering the equity incentive plans and other benefit programs;

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    reviewing, adopting, amending and terminating incentive compensation and equity plans, severance agreements, profit sharing plans, bonus plans, change-of-control protections and any other compensatory arrangements for the executive officers and other senior management; and

    ●
    reviewing and establishing general policies relating to compensation and benefits of the employees, including the overall compensation philosophy.

Nominating and Corporate Governance Committee

The Company’s Nominating
and Corporate Governance Committee consists of Evelyn D’An and Swatick Majumdar, who is an independent director under Nasdaq’s
listing standards, Mr. Majumdar serves as the chair of the Nominating and Corporate Governance Committee. The Nominating and Corporate
Governance Committee is responsible for overseeing the selection of persons to be nominated to serve on the Board. The Nominating and
Corporate Governance Committee considers persons identified by its members, management, shareholders, investment bankers and others.

The guidelines for selecting
nominees, including nominees who will permit the Continuing Company to comply with applicable states and Nasdaq diversity standards, are
specified in the Nominating and Corporate Governance Committee Charter.

Specific responsibilities of the nominating and corporate
governance committee include:

    ●
    identifying and evaluating candidates, including the nomination of incumbent directors for re-election and nominees recommended by stockholders, to serve on the board of directors;

    ●
    considering and making recommendations to the board of directors regarding the composition and chairmanship of the committees of the Board;

    ●
    developing and making recommendations to the Board regarding corporate governance guidelines and matters, including in relation to corporate social responsibility; and

    ●
    overseeing periodic evaluations of the performance of the Board, including its individual directors and committees.

92

Compensation Committee Interlocks and Insider Participation

None of the Company’s
executive officers currently serves, or in the past year has served, as a member of the board of directors or compensation committee of
any entity that has one or more executive officers serving on the Company’s Board.

Code of Ethics

We have adopted a have a
code of ethics that applies to all of its executive officers, directors and employees, including its principal executive officer, principal
financial officer, principal accounting officer or controller or persons performing similar functions. The code of ethics