Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 925

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1C
Chunk 925
---
  
    $10,067,601  
    $- 

    Balance as of April 1, 2024 
    $-  
    $-  
    $-  
    $10,067,601  
    $- 
  
    Shares issued to Atalaya Note holders 
     -  
     -  
     -  
     (2,324,696) 
     - 
  
    Change in fair value of unsecured convertible note 
     -  
     -  
     -  
     (1,740,636) 
     - 
  
    Issue of derivative financial instruments 
     -  
     -  
     -  
     -  
     19,188,268 
  
    Change in fair value of derivative financial instruments 
     -  
     -  
     -  
     -  
     (9,035,085)
  
    Warrants exercised and reclassified to equity 
     -  
     -  
     -  
     -  
     (232,523)
  
    Reclassified to equity* 
     -  
     -  
     -  
     -  
     (9,920,660)
  
    Balance as of March 31, 2025 
    $-  
    $-  
    $-  
    $6,002,269  
    $- 

*This includes $1,554,010 of Series A and Series B warrants
issued to Randy Yanker as settlement of litigation which were reclassified to equity and are presented under “Issue of common stock
and warrants on settlement” in Consolidated Statement of Stockholder’s Deficit.

During the year ended March 31, 2025
and March 31, 2024, there were no non-recurring fair value measure of assets or liabilities subsequent to initial recognition.

F-50

ZOOMCAR HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

    34
    Commitments and contingencies

Contingencies

(A) Claims
filed by customers and third-parties not acknowledged as liability amounted to $4,503,122 and $4,565,949 as at March 31, 2025 and March
31,