Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 479

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1A
Chunk 479
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 INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

14Investments

The components of investments were as follows:

    (In
    USD)
    As at 
    March 31,
 2025  
    March 31,
 2024 
  
    Long term investments 

    Investments in certificate of deposits* 
    $25,653  
    $91,947 

    $25,653  
    $91,947 

*Investments includes certificate of deposits and interest accrued
on the same.

15Other non-current assets

The components of other non-current assets were as follows:

    (In USD) As at 
    March 31, 2025  
    March 31, 2024 

    Security deposits 
    $188,723  
    $217,511 
  
    Deposits with tax authorities 
     422,282  
     132,638 
  
    Restricted cash* 
     94,762  
     - 
  
    Receivables from car sale** 
     -  
     458,590 
  
    Other non-current assets 
    $705,767  
    $808,739 

*Restricted cash represents amount held as an indemnification
escrow fund with the placement agent for all indemnification liabilities and expenses payable by the Company as per the placement agent
agreement for a period of 3 years from closing of the November 2024 Offering.

**The Company has recorded bad debts against receivable
from car sale amounting to $452,014 during the year ended March 31, 2025.

16Accounts Payable

The components of accounts payable were as follows:

    (In USD) As at 
    March 31, 2025  
    March 31, 2024 
  
    Current 

    Accounts payable towards related parties 
    $152,435  
    $152,435 
  
    Accounts Payable towards others* 
     12,396,147  
     14,279,152 
  
    Total Accounts Payable 
    $12,548,582  
    $14,431,587 

*During the year ended March 31, 2025, the Company carried out
negotiations with its vendors which resulted in a short-term deferral in payments and/or reduction in outstanding liability. The Company
has accounted for this transaction as troubled debt