Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 36

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 36
---
ities*  June 30, 2025   March 31, 2025   Current                From NBFCs                - Mahindra & Mahindra Financial Services Limited  -  June 30, 2025  $420,533   $439,415   - TATA Motors Finance Limited  12.52%  May 31, 2027   1,721,566    1,749,415   - Kotak Mahindra Financial Services Limited  1.00%  June 30, 2025   388,252    376,861   - Orix Leasing and Financial Services India LTD  12.00%  December 15, 2025   32,218    58,978   - Clix Finance India Private Limited  2.05%  July 2, 2025   67,066    64,621   - AON Risk Insurance Services West, Inc  8.25%  April 28, 2025   -    162,051            $2,629,635   $2,851,341   Total maturity for the quarter ending on June 30, 2026                                $2,629,635                 $2,629,635  

*Maturities have been stated as per the respective agreements
with the financiers. For Tata Motors Finance Limited, due to non-payment of scheduled EMIs, the loan is immediately payable and is classified
as current. The debts are not associated with any restrictive covenants.

Term loans from NBFCs

Includes loans outstanding
as at June 30, 2025 and March 31, 2025 amounting to $2,629,635 and $2,851,341, respectively.

The Company has recorded an interest
expense amounting to $56,730 and $76,166 for the three months ended June 30, 2025 and June 30, 2024, respectively.

As of June 30, 2025, the Company has
defaulted on debt obligations owed to various lenders totaling to $946,396 (June