Company: ZCARW
Filing Date: 2025-01-21
Form Type: DEF 14A
Source: 0001213900-25-005022
Chunk: 44

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-01-21
Form: DEF 14A
Chunk 44
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 subject to its fiduciary duties, to deter future attempts to gain control of us or make such actions more
expensive and less desirable. The Reverse Split Amendment would continue to give our Board authority to issue additional shares from
time to time without delay or further action by the stockholders except as may be required by applicable law or regulations. The Reverse
Split Amendment is not being recommended in response to any specific effort of which we are aware to obtain control of us, nor does our
Board have any present intent to use the authorized but unissued Common Stock or preferred stock to impede a takeover attempt. There
are no plans or proposals to adopt other provisions or enter into any arrangements that have material anti-takeover effects.

Accounting Consequences

As of the Effective Time,
the stated capital attributable to Common Stock on our balance sheet will be reduced proportionately based on the Reverse Split ratio
(including a retroactive adjustment of prior periods), and the additional paid-in capital account will be credited with the amount by
which the stated capital is reduced. Reported per share net income or loss will be higher because there will be fewer shares of our Common
Stock outstanding.

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Federal Income Tax Consequences

The following summary
describes certain material U.S. federal income tax consequences of the Reverse Split to holders of our Common Stock. This summary
addresses the tax consequences only to a beneficial owner of our Common Stock that is a citizen or individual resident of the United States,
a corporation organized in or under the laws of the United States or any state thereof or the District of Columbia or otherwise
subject to U.S. federal income taxation on a net income basis in respect of our Common Stock (a “U.S. holder”).
This summary does not address all of the tax consequences that may be relevant to any particular stockholder, including tax considerations
that arise from rules of general application to all taxpayers or to certain classes of taxpayers or that are generally assumed to be
known by investors. This summary also does not address the tax consequences to persons who may be subject to special treatment under
U.S. federal income tax law or persons that do not hold our Common Stock as “capital assets” (generally, property held
for investment). This summary is based on the provisions of the Internal Revenue Code of 1986, as amended (the “Code”),
U.S. Treasury regulations, administrative rulings and judicial authority, all as in effect as of the date hereof. Subsequent developments