Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 300

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 300
---
 days of accumulated leave balance on separation. The Company has provided liability for compensated absences as per an actuarial valuation carried out by an independent actuary as of the Balance Sheet dates. The amount of compensated absences cost is $ 5,379and $ 4,020for the three months and nine months ended December 31, 2024 respectively ($ 26,786and $ 128,414for three months and nine months ended December 31, 2023 respectively).

| Net leave encashment                   
 cost includes the following components |     | 2024 |        Three 
 months ended 
 December 31, |   |     | 2023 |        |   |     | 2024 |         Nine 
 months ended 
 December 31, |   |     | 2023 |         |   |
|:---------------------------------------|:----|:-----|-------------:|:--|:----|:-----|-------:|:--|:----|:-----|-------------:|:--|:----|:-----|--------:|:--|
| Service                                
 cost                                   |     | $    |       (1,933 | ) |     | $    | (6,569 | ) |     | $    |       24,007 |   |     | $    | 119,187 |   |
| Interest cost                          |     |      |        4,309 |   |     |      |  3,672 |   |     |      |       14,045 |   |     |      |  14,084 |   |
| Recognized net actuarial loss          |     |      |        3,003 |   |     |      | 29,683 |   |     |      |      (34,032 | ) |     |      |  (4,857 | ) |
| Net periodic benefit cost              |     | $    |        5,379 |   |     | $    | 26,786 |   |     | $    |        4,020 |   |     | $    | 128,414 |   |

| III. | Defined contribution plan |

The Indian subsidiary makes provident fund contributions which are defined contribution plans, for qualifying employees. Under the Schemes, the Indian subsidiary is required to contribute a specified percentage of the payroll costs to fund the benefits. The contributions are made to provident fund in accordance with the fund rules.