Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 375

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 375
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21% for the years ended March 31, 2024 and 2023, due to changes in valuation allowance on the deferred tax assets.

The Company files tax returns in the U.S. federal, various state, and foreign jurisdictions. In the normal course of business, the Company is subject to examination by tax authorities. Our major tax jurisdiction is in India. The Indian tax authority is currently examining our 2016 through 2022 tax returns.

As at March 31, 2024, tax returns for years ended March 31, 2020 and onward remain subject to examination by tax authorities in India. There are other ongoing audits in various other jurisdictions that are not material to our financial statements.

The Company has received various orders from Indian tax authorities, for details refer note 36.

(This space has been left intentionally blank) F-99 ZOOMCAR HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

| 29 | Net            
 loss per share |

The components of basic and diluted loss per share were as follows:

| (In USD, except loss per share)                         |     |   |   March 31, 
        2024 |   |     |   |   March 31, 
        2023 |   |
|:--------------------------------------------------------|:----|:--|------------:|:--|:----|:--|------------:|:--|
| Net loss available for common shareholders (A)          |     | $ | (34,277,252 | ) |     | $ | (62,032,076 | ) |
| Weighted average outstanding shares of common stock (B) |     |   |       8,927 |   |     |   |         804 |   |
| Dilutive effect of stock-based awards                   |     |   |           - |   |     |   |           - |   |
| Common stock and common stock equivalents (C)           |     |   |       8,927 |   |     |   |         804 |   |
| Loss per share                                          |     |   |             |   |     |   |             |   |
| Basic (A/B)                                             |     | $ |   (3,839.73 | ) |     | $ |  (77,145.64 | ) |
| Diluted (A/C)                                           |     | $ |   (3,839.73 | ) |     | $ |  (