Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1150

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 2
Chunk 1150
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 Indemnification of Directors and Officers

Our Charter limits directors’
liability to the fullest extent permitted under the DGCL. The DGCL provides that directors of a corporation will not be personally liable
for monetary damages for breach of their fiduciary duties as directors, except for liability:

    ●
    for any transaction from which the director derives an improper personal benefit;

    ●
    for any act or omission not in good faith or that involves intentional misconduct or a knowing violation of law;

    ●
    for any unlawful payment of dividends or redemption of shares; or

    ●
    for any breach of a director’s duty of loyalty to the corporation or its stockholders.

If the DGCL is amended to
authorize corporate action further eliminating or limiting the personal liability of directors, then the liability of the directors will
be eliminated or limited to the fullest extent permitted by the DGCL, as so amended.

Delaware law and our Bylaws
provide that the Company will, in certain situations, indemnify its directors and officers and may indemnify other employees and other
agents, to the fullest extent permitted by law. Any indemnified person is also entitled, subject to certain limitations, to advancement,
direct payment, or reimbursement of reasonable expenses (including attorneys’ fees and disbursements) in advance of the final disposition
of the proceeding.

In addition, we have entered
into separate indemnification agreements with our directors and officers. These agreements, among other things, require the Company to
indemnify its directors and officers for certain expenses, including attorneys’ fees, judgments, fines, and settlement amounts incurred
by a director or officer in any action or proceeding arising out of their services as one of its directors or officers or any other company
or enterprise to which the person provides services at its request.

Zoomcar believes these provisions
in the Charter and Bylaws and these indemnification agreements are necessary to attract and retain qualified persons as directors and
officers. Insofar as indemnification for liabilities arising under the Securities Act may be permitted to directors, officers, or control
persons, in the opinion of the SEC, such indemnification is against public policy as expressed in the Securities Act and is therefore
unenforceable.

Delinquent Section 16(a) Reports

Section
16(a) of the Exchange Act requires our executive officers, directors and persons who beneficially own more than 10% of a registered class
of our equity securities to file with the SEC initial reports of ownership and