Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 507

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1A
Chunk 507
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 or most advantageous
market for that asset or liability. The fair value should be calculated based on assumptions that market participants would use in pricing
the asset or liability as against assumptions specific to the entity. In addition, the fair value of liabilities should include consideration
of non-performance risk, including the Company’s own credit risk.

The carrying value of financial instruments
not carried at fair value by categories are as below:

    As at 
    March 31, 2025  
    March 31, 2024 

    Carrying value  
    Carrying value 
  
    Financial assets 

    Cash and cash equivalents 
    $1,077,275  
    $1,496,144 
  
    Accounts receivable 
     200,650  
     194,197 
  
    Short term investments 
     -  
     298,495 
  
    Receivable from government authorities 
     187,458  
     445,828 
  
    Long term investments 
     25,653  
     91,947 
  
    Other financial assets 
     365,433  
     656,767 
  
    Total assets 
    $1,856,469  
    $3,183,378 
  
    Financial liabilities 

    Accounts payable 
    $12,548,582  
    $14,431,587 
  
    Debt 
     2,851,341  
     5,049,483 
  
    Other financial liabilities 
     1,611,602  
     1,232,930 
  
    Total liabilities 
    $17,011,525  
    $20,714,000 

The following tables present information
about the Company’s financial assets and liabilities measured at fair value on a recurring basis:

    March 31, 2025 

    Total Carrying value  
    Level 1  
    Level 2  
    Level 3 
  
    Assets: 

    Assets held for sale 
    $267,293  
    $     -  
    $267,293  
    $- 
  
    Liabilities: 

    Atalaya Note 
    $6,002,269  
    $-  
    $-  
    $6,002,269 

F-48

ZOOMCAR HOLDINGS, INC.

NOTES TO CONSOLIDATED FIN