Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 341

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 341
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 (w.e.f. December 28, 2023)            |
| Madan Menon                    | Director (w.e.f. December 28, 2023)            |
| Lisbeth McNabb                 | Director (until April 18, 2023)                |
| John Robert Clarke             | Director (w.e.f. June 20, 2024)                |
| Mark Bailey*                   | Director (until December 06, 2024)             |

| Investor in Indian subsidiary                          
 Mahindra & Mahindra Limited**                          | Investor in Indian subsidiary (until December 28, 2023) |
|:-------------------------------------------------------|:--------------------------------------------------------|
| Enterprises owned or significantly influenced by above |                                                         |
| Mahindra & Mahindra Financial Services Limited**       |                                                         |
| Mahindra First Choice Wheels Limited**                 |                                                         |
| Yard Management Services Limited**                     |                                                         |
| Ananda Small Business Trust                            |                                                         |

Related party transactions pertaining to debt, investments, and other current liabilities have been stated on the face of the Condensed Consolidated Balance Sheets and Condensed Consolidated Statements of Operations.

<div align='center'>F-44

ZOOMCAR HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)</div>

The Company had following transactions with related parties:

|                                        |     | Three        
 months ended 
 December 31, 
 2024         |           |     | December 31, 
 2023         |         |     | Nine         
 months ended 
 December 31, 
 2024         |           |     | December 31, 
 2023         |         |
|:---------------------------------------|:----|:-------------|----------:|:----|:-------------|--------:|:----|:-------------|----------:|:----|:-------------|--------:|
| Interest expense                       |     |              |           |     |              |         |     |              |           |     |              |         |
| Mahindra & Mahindra Financial          
 Services Limited**                     |     | $            |         - |     | $            |  12,427 |     | $            |         - |     | $            |  38,203 |
| Interest income                        |     |              |           |     |              |         |     |              |           |     |              |         |
| Mahindra & Mahind