Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 332

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 332
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13.18 million which was partly offset by note issuance cost, debt repayments and principal payment of
finance lease obligations totaled to $1.37 million, during the nine months ended December 31, 2023. As the Company’s cash position
decreased, critical payments and debt repayments were not being made in the ordinary course of business.

Contractual Obligations and Commitments

Contractual obligations are
cash amounts that we are obligated to pay as part of certain contracts that we have entered into during the normal course of business.

69

Below is a table that shows
our contractual lease obligations as of December 31, 2024:

    December 31,
                                                                                2024

    Maturities of lease liabilities are as follows:
     
    Operating Leases

    Finance Leases

    2025
     
    $
    80,245

    $
    4,817,953

    2026

    336,564

    73,401

    2027

    352,926

    0

    2028

    370,106

    0

    2029

    388,144

    0

    Total Lease Payments

    1,527,985

    4,891,354

    Less : Imputed Interest

    367,794

    875,662

    Total Lease Liabilities
     
    $
    1,160,191

    $
    4,015,692

Borrowings

The contractual commitment
amounts in the table below are associated with agreements that are enforceable and legally binding. Obligations under contracts that we
can cancel without a material penalty are not included in the table above.

    As at 
    December 31,
 2024 
  
    Current 

    - from NBFCs 

    - Mahindra & Mahindra Financial Services Limited 
    $538,695 
  
    - TATA Motors Finance Limited 
     1,921,963 
  
    - Kotak Mahindra Financial Services Limited 
     342,417 
  
    - Orix Leasing and Financial Services India LTD 
     83,327 
  
    - Clix Finance India Private Limited 
     86,790 

    $2,973,192 

Contingencies

The Company is subject to
legal proceedings and claims that arise