Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 317

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 317
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 470-60, gain on restructuring is recorded as the difference between future undiscounted cash flows and the carrying value.

The total gain on troubled debt restructuring recorded during the three months and nine months ended December 31, 2024 amounts to $124,299 and $476,746. Basic EPS was increased by $0.06 ($0.0006 prior to Reverse Stock Split) and $0.34 ($0.0034 prior to Reverse Stock Split) as a result of these gains.

| 5 | Cash                 
 and cash equivalents |

The components of cash and cash equivalents were as follows:

|                           | (In   
 USD)  
 As at |   | December 31, 
         2024 |     |   |     March 
       31, 
      2024 |
|:--------------------------|:------|:--|-------------:|:----|:--|----------:|
| Balances in bank accounts |       | $ |    4,396,189 |     | $ | 1,495,097 |
| Cash                      |       |   |        1,184 |     |   |     1,047 |
| Cash and cash equivalents |       | $ |    4,397,373 |     | $ | 1,496,144 |

| 6 | Accounts                                           
 receivable, net of allowance for doubtful accounts |

The components of accounts receivable were as follows:

|                         | (In   
 USD)  
 As at |   | December 31, 
         2024 |   |     |   |   March 
     31, 
    2024 |   |
|:------------------------|:------|:--|-------------:|:--|:----|:--|--------:|:--|
| Accounts receivable     |       | $ |      110,542 |   |     | $ | 207,971 |   |
| Allowance for credit    
 losses                  |       |   |      (13,414 | ) |     |   | (13,774 | ) |
| Net accounts receivable |       | $ |       97,128 |   |     | $ | 194,197 |   |

The Company records an allowance for credit losses for amounts owed for completed transactions that may never settle or be collected. For the three months and nine months ended December 31, 2024, allowance amounting to $NIL and $NIL was created for