Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 288

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 288
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31, 2024  
    December 31, 2023 
  
    Interest expense 

    Mahindra & Mahindra Financial Services Limited** 
    $-  
    $12,427  
    $-  
    $38,203 

    Interest income 

    Mahindra & Mahindra Financial Services Limited** 
    $-  
    $5,548  
    $-  
    $11,224 

    Parking charges 

    Yard Management Services Limited** 
    $-  
    $241,866  
    $-  
    $241,866 

    Debt - principal repayment 

    Mahindra & Mahindra Financial Services Limited** 
    $-  
    $66,525  
    $-  
    $119,576 

    Debt - foreclosure charges 

    Mahindra & Mahindra Financial Services Limited** 
    $-  
    $-  
    $-  
    $153 

    Amount received for November 2024 Offering 

    Mark Bailey* 
    $2,499,959  
    $-  
    $2,499,959  
    $- 

    Amount received for December 2024 Offering 

    Hiroshi Nishijima 
    $50,001  
    $-  
    $50,001  
    $- 

    The Company has the following outstanding balances with related parties: 

    As at 
    December 31, 
2024  
    March 31,
 2024 
  
    Convertible promissory note (non-current and current) 

    Ananda Small Business Trust 
    $-  
    $2,027,840 

    Payable to Director 

    Mohan Ananda 
    $152,435  
    $152,435 

    Advance to director (net) 

    Gregory Bradford Moran 
    $-  
    $44,168 

    Derivative financial instruments 

    Hiroshi Nishijima 
    $8,464  
    $- 

    $160,899  
    $2,224,443 

*Mark Bailey was considered a related party until December 6,
2024. Accordingly, transactions until December 6, 2024 with him has been disclosed. However