Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1146

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 2
Chunk 1146
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ened independence standards of Rule 10A-3 of the Exchange Act. In making these determinations, the Board considered the current
and prior relationships that each non-employee director had with Zoomcar and has with the Company and all other facts and circumstances
the Board deemed relevant in determining independence, including the beneficial ownership of our common stock by each non-employee director,
and the transactions involving them described in the section entitled “Certain Relationships and Related Party Transactions.”

Committees of the Board of Directors

The standing committees of
Company’s Board consists of an Audit Committee, a Compensation Committee, and a Nominating and Corporate Governance Committee. The
composition and responsibilities of each of the committees of the Board are described below. Members serve on these committees until their
resignation or until otherwise determined by the Board. The Board may establish other committees as it deems necessary or appropriate
from time to time.

Audit Committee

The Company’s Audit
Committee has been established in accordance with Section 3(a)(58)(A) of the Exchange Act and consists of Evelyn D’An, John Clarke
 and Swatick Majumdar, each of whom is an independent director and is “financially literate” as defined under the Nasdaq
listing standards. Ms. D’An serves as chair of the Audit Committee. The Company’s Board has determined that Ms. D’An
qualifies as an “audit committee financial expert,” as defined under rules and regulations of the SEC.

The primary purpose of the
audit committee is to discharge the responsibilities of the Board with respect to corporate accounting and financial reporting processes,
systems of internal control and financial statement audits, and to oversee Zoomcar’s independent registered public accounting firm.
Specific responsibilities of the audit committee include:

    ●
    helping the Board oversee corporate accounting and financial reporting processes;

    ●
    managing the selection, engagement, qualifications, independence and performance of a qualified firm to serve as the independent registered public accounting firm to audit our consolidated financial statements;

    ●
    discussing the scope and results of the audit with the independent registered public accounting firm, and reviewing, with management and the independent accountants, our interim and year-end operating results;

    ●
    developing procedures for employees to submit concerns anonymously about questionable accounting or audit matters;

    ●
    reviewing related person transactions; obtaining and reviewing a report by the independent registered public accounting firm at least annually that describes our internal quality control procedures, any material issues with such procedures, and any steps taken to deal