Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1148

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 2
Chunk 1148
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 Board;

    ●
    developing and making recommendations to the Board regarding corporate governance guidelines and matters, including in relation to corporate social responsibility; and

    ●
    overseeing periodic evaluations of the performance of the Board, including its individual directors and committees.

92

Compensation Committee Interlocks and Insider Participation

None of the Company’s
executive officers currently serves, or in the past year has served, as a member of the board of directors or compensation committee of
any entity that has one or more executive officers serving on the Company’s Board.

Code of Ethics

We have adopted a have a
code of ethics that applies to all of its executive officers, directors and employees, including its principal executive officer, principal
financial officer, principal accounting officer or controller or persons performing similar functions. The code of ethics is available
on our website, www.zoomcar.com. In addition, we intend to post on our website all disclosures that are required by applicable
laws concerning any amendments to, or waivers from, any provision of the code. The reference to the Zoomcar website address does not
constitute incorporation by reference of the information contained at or available through Zoomcar’s website, and you should not
consider it to be a part of this annual report.

Trading Policies

On December 29, 2023, we
adopted insider trading policies and procedures governing the purchase, sale, and/or other dispositions of our securities by directors,
officers and employees, which are reasonably designed to promote compliance with insider trading laws, rules and regulations (the “Insider
Trading Policy”).

The foregoing description
of the Insider Trading Policy does not purport to be complete and is qualified in its entirety by the terms and conditions of the Insider
Trading Policy, a copy of which is attached hereto as Exhibit 19 and is incorporated herein by reference.

Compensation Recovery and Clawback Policy

Under the Sarbanes-Oxley
Act, in the event of misconduct that results in a financial restatement that would have reduced a previously paid incentive amount, we
can recoup those improper payments from our executive officers. The SEC also recently adopted rules which direct national stock exchanges
to require listed companies to implement policies intended to recoup bonuses paid to executives if the company is found to have misstated
its financial results.

On December 29, 2023 our
Board of Directors approved the adoption of the Executive Compensation Clawback Policy (the “Clawback Policy”), with
an effective date of December