Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 130

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 130
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9.78 million during the three months ended
December 31, 2023, a reduction of $6.54 million, or 67%. Professional fees reduced by $5.34 million driven by elimination of SPAC related
expenses during the three months ending December 31, 2024, as compared to the previous comparable period. Employee benefit expenses, repairs
and maintenance expenses reduced by $ 1.38 and $0.24 million respectively , this reduction is offset by increase In rates and taxes and
rent by $ 0.18 and $0.29 million.

General and administrative
expenses were $7.30 million during the nine months ended December 31, 2024, as compared to $14.42 million during the nine months ended
December 31, 2023, a reduction of $7.12 million, or 49%. Professional fees reduced by $5.67 million driven by elimination of SPAC related
expenses during the nine months ending December 31, 2024, as compared to the previous comparable period. Employee Benefit expenses reduced
by $1.44 during the nine months ending December 31, 2024, as compared to the nine months ending December 31, 2023, due to reductions in
headcount.

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Finance Costs

|                                  |     | 2024 | Three months ended December 31, |     | 2023 |           |     | Change |            |   |     | %      
 Change |      |   |     | 2024 | Nine months ended December 31, |     | 2023 |            |     | Change |            |   |     | %      
 Change |      |   |
|:---------------------------------|:----|:-----|--------------------------------:|:----|:-----|----------:|:----|:-------|:-----------|:--|:----|:-------|-----:|:--|:----|:-----|-------------------------------:|:----|:-----|-----------:|:----|:-------|:-----------|:--|:----|:-------|-----:|:--|
| Finance costs                    |     | $    |                       4,050,856 |     | $    | 8,392,470 |     | $      | (4,341,613 | ) |     |        |  -52 | % |     | $    |                      6,