Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 249

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 249
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 usual process of allowing deliberation at a meeting of stockholders, could be contrary to principles of openness and good governance, and have the potential to inappropriately disenfranchise stockholders, potentially permitting a small group of short-term, special interest or self-interested stockholders, who together hold a threshold amount of shares, to take important actions without the involvement of, and with little or no advance notice to stockholders. Allowing stockholder action by written consent would also deny all stockholders the right to receive accurate and complete information on a proposal in advance and to present their opinions and consider presentation of the opinions of the Board and other stockholders on a proposal before voting on a proposed action. The Board believes that a meeting of stockholders, which provides all stockholders an opportunity to deliberate about a proposed action and vote their shares, is the most appropriate forum for stockholder action. Notwithstanding the foregoing, elimination of such stockholder written consents may lengthen the amount of time required to take stockholder actions since actions by written consent are generally not subject to the minimum notice requirement of a stockholders’ meeting. Limitations on Liability and Indemnification of Officers and Directors The Charter contains provisions that limit the liability of Zoomcar’s current and former directors for monetary damages to the fullest extent permitted by Delaware law. Delaware law provides that directors of a corporation will not be personally liable for monetary damages for any breach of fiduciary duties as directors, except liability for:

| ● | any breach of his duty of loyalty 
 to us or our stockholders;        |

| ● | acts or omissions not in good faith, or which involve intentional misconduct or a knowing violation of law; |

| ● | unlawful payments of dividends or unlawful stock repurchases or redemptions; and |

| ● | any transaction from which the director derived an improper personal benefit. |

These provisions may be held not to be enforceable for violations of the federal securities laws of the United States. 155 Registration Rights November Registration Rights Agreement Pursuant to the November Registration Rights Agreement, the Company was also obligated to file a resale registration statement relating to the securities sold in the November Offering (which was not required to include the shares of Common Stock issuable upon exercise of the November Series A Warrants) within 15 days after the closing date of the November Offering. The Initial November Offering Resale Registration Statement was declared effective by the SEC on December 13, 2024, but did not include the registration for resale of any of the shares of Common Stock