Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 339

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 339
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-term plans of growth and industry standards. The discount rates are based on current market yields on government securities adjusted for a suitable risk premium.

Expected benefit payments as of December 31, 2024 is as follows:

| Year ending March 31,            
 2025 (January 1, 2025 till March 
 31, 2025)                        |     |   |  19,615 |
|:---------------------------------|:----|:--|--------:|
| 2026                             |     |   |  69,633 |
| 2027                             |     |   |  40,348 |
| 2028                             |     |   |  27,934 |
| 2029                             |     |   |  14,652 |
| Thereafter                       |     |   | 106,427 |
| Total                            |     | $ | 278,609 |

| II. | Compensated absences |

The employees are permitted to encash a maximum of 45 days of accumulated leave balance on separation. The Company has provided liability for compensated absences as per an actuarial valuation carried out by an independent actuary as of the Balance Sheet dates. The amount of compensated absences cost is $5,379 and $4,020 for the three months and nine months ended December 31, 2024 respectively ($26,786 and $128,414 for three months and nine months ended December 31, 2023 respectively).

| Net leave                                         
 encashment cost includes the following components |     | 2024 |        Three 
 months ended 
 December 31, |   |     | 2023 |        |   |     | 2024 |         Nine 
 months ended 
 December 31, |   |     | 2023 |         |   |
|:--------------------------------------------------|:----|:-----|-------------:|:--|:----|:-----|-------:|:--|:----|:-----|-------------:|:--|:----|:-----|--------:|:--|
| Service                                           
 cost                                              |     | $    |       (1,933 | ) |     | $    | (6,569 | ) |     | $    |       24,007 |   |     | $    | 119,187 |   |
| Interest cost                                     |     |      |        4,309 |   |     |      |