Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1354

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 3
Chunk 1354
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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 reports of changes in ownership of our Common Stock and
other equity securities. These executive officers, directors, and greater than 10% beneficial owners are required by SEC regulation to
furnish us with copies of all Section 16(a) forms filed by such reporting persons. Based solely on our review of such forms furnished
to us and written representations from certain reporting persons, we believe that during the fiscal year ended March 31, 2025, all reports
applicable to our executive officers, directors and greater than 10% beneficial owners were filed in a timely manner in accordance with
Section 16(a) of the Exchange Act except as set forth below:

Mark Bailey Sr.