Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 741

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1B
Chunk 741
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other equity securities. These executive officers, directors, and greater than 10% beneficial owners are required by SEC regulation to
furnish us with copies of all Section 16(a) forms filed by such reporting persons. Based solely on our review of such forms furnished
to us and written representations from certain reporting persons, we believe that during the fiscal year ended March 31, 2025, all reports
applicable to our executive officers, directors and greater than 10% beneficial owners were filed in a timely manner in accordance with
Section 16(a) of the Exchange Act except as set forth below:

Mark Bailey Sr. (former director), Hiroshi Nishijima(former CEO), Adarsh
Menon (former President), Sachin Gupta (CFO) and Shachi Singh (CLO) each filed a late Form 3.

Mark Bailey (former director), John Clarke (Director), Hiroshi Nishijima
(former CEO) each filed a late Form 4.

94

Item 11. Executive Compensation

EXECUTIVE COMPENSATION

We qualify as an “emerging
growth company” within the meaning of the Securities Act for purposes of the SEC’s executive compensation disclosure rules.
In accordance with those rules, we are required to provide a Summary Compensation Table and an Outstanding Equity Awards at Fiscal Year-End
Table, as well as limited narrative disclosures regarding executive compensation for our last completed fiscal year. Further, our reporting
obligations extend only to our “named executive officers,” who are the individuals who served as Zoomcar’s principal
executive officer and Zoomcar’s next two other most highly compensated officers at the fiscal year ended March 31, 2025, the most
recently completed fiscal year as of our first public filing. Our named executive officers as of March 31, 2025 were:

    Name
     
    Principal Position
  
    Hiroshi Nishijima
     
    Chief Executive Officer
  
    Sachin Gupta 
     
    Chief Financial Officer
  
    Shachi Singh
     
    Chief Legal Officer and General Counsel 

Summary Compensation Table

The following table summarizes
the compensation awarded to, earned by, or paid to Zoomcar’s named executive officers for the fiscal year ended March 31, 2025 and
2024.

    Name and Principal Position 
    Year  
    Salary ($)(1)  
    Bonus  ($)  
    Option Awards ($)(2)    
    Non-E