Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 366

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 366
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 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-97 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)                                                     |     | $ | (34,277,251 | ) |     | $ | (62,032,076 | ) |
| Weighted average outstanding shares of common stock (B) |     |   |     167,277 |   |     |   |       5,342 |   |
| Dilutive effect of stock-based                          
 awards                                                  |     |   |           - |   |     |   |           - |   |
| Common stock and common stock equivalents               
 (C)                                                     |     |   |     167,277 |   |     |   |       5,342 |   |
| Loss per share                                          |     |   |             |   |     |   |             |   |
| Basic (A/B)                                             |     | $ |     (204.91 | ) |     | $ |  (11,612.14 | ) |
| Diluted (A/C)                                           |     | $ |     (204.91 | ) |     | $ |  (11,612.14 | ) |

Share related amounts have been retroactively adjusted to reflect this reverse stock-split for all periods presented.

Since the Company was in a loss position for the year ended March 31, 2024 and March 31, 2023 basic loss per share was same as diluted net loss per share for the periods presented. The following potentially