Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 282

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 282
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     380,011  
     4,276 
  
    Unsecured convertible note 
     -  
     697  
     -  
     231 
  
    Warrants issued along with redeemable promissory note 
     1,499,996  
     -  
     1,118,179  
     - 
  
    Warrants issued in November 2024 and December 2024 offering 
     4,091,018  
     -  
     1,368,632  
     - 
  
    Total 
     17,471,229  
     11,513,580  
     14,367,026  
     11,504,509 

*The computation of diluted earnings per common share excludes
the 204 common stock options (20,425 prior to Reverse Stock Split) for the three months and nine months ended December 31, 2024 respectively
and 7 common stock options (674 prior to Reverse Stock Split) for the three months and 2 common stock options (224 prior to Reverse Stock
Split) for the nine months ended December 31, 2023 respectively and the 380,011 private warrants (37,956,206 prior to Reverse Stock Split)
for the three months and nine months ended December 31, 2024 respectively and 12,876 private warrants (1,287,616 prior to Reverse Stock
Split) for the three months and 4,276 private warrants (427,639 prior to Reverse Stock Split) for nine months ended December 31, 2023
respectively.

    28
    Employee benefit plans (unfunded)

Employee benefit plans includes gratuity
and compensated absences payable to employees. These benefit plans consist of a defined benefit plan for gratuity payable by the Indian
subsidiary of the Company under Indian regulations. These are determined under the projected unit credit method, with actuarial valuations
being carried out at each reporting date. The retirement benefit obligations recognized in the Condensed Consolidated Balance Sheets represents
the present value of the defined obligations. Under an employee benefit plan, it is the Company’s obligation to provide agreed benefits
to the employees. The related actuarial and investment risks fall on the Company. The summary of current and non-current employee benefit
plans obligations along with its components are as below:

    Pension and other employee obligations