Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 2077

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 7
Chunk 2077
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370   - Clix Finance India Private Limited   3.29%  July 2, 2025   64,621    124,931   - AON Premium Finance LLC   -   September 28, 2024   -    725,430   - AON Risk Insurance Services West, Inc   8.25%  April 28, 2025   162,051    -              $2,851,341   $5,049,483   Total maturity for the year ending on March 31,                    2026               $2,851,341   2027                -   2028                -   2029                -   Thereafter                -                   $2,851,341  

  * Maturities have been stated as per the respective agreements with the
financiers. For Tata Motors Finance Limited, due to non-payment of scheduled EMIs, the loan is immediately payable and is classified
as current. The debts are not associated with any restrictive covenants. 

(1) Non-convertible debentures

(i) 7.7% Debenture

On September 25, 2024,
the Company entered into a settlement agreement with Blacksoil Capital Private Limited, wherein the lender waived 25% of the
outstanding amount. As of March 31, 2025, the Company had fully repaid its liability to the lender. This transaction was accounted
for as troubled debt restructuring under ASC 470-60 (Refer to Note 4), resulting in a net gain of $82,971 and $NIL for the year
ended March 31, 2025 and March 31, 2024, respectively.

The Company has recorded an interest expense amounting to $9,755 and
$64,635 for the year ended March 31, 2025 and March 31, 2024, respectively.

(2) Term loans from Others

Includes loans outstanding as at March 31, 2025
and March 31, 2024 amounting