Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 43

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 43
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DENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

16Debt

The components of long term and short term debt were as
follows:

  (In USD)
As at  Effective 
interest rates  Original 
Maturities*  December 31, 2024   March 31, 2024   Current                Non-convertible debentures                - 7.7% Debentures  -  November 15, 2024  $-   $335,549   - from non-banking financial companies (NBFCs)                  - from others (NBFCs)                  - Mahindra & Mahindra Financial Services Limited  -  February 28, 2025   538,695    873,924   - TATA Motors Finance Limited  12.77%  May 31, 2027   1,921,963    2,187,128   - Kotak Mahindra Financial Services Limited  1.00%  February 28, 2025   342,417    348,599   - Jain and Sons Services Limited  -  December 31, 2024   -    47,992   - Mercury Car Rentals Private Limited  -  November 30, 2024   -    249,560   - Orix Leasing and Financial Services India LTD  12.00%  December 31, 2025   83,327    156,370   - Clix Finance India Private Limited  4.11%  July 2, 2025   86,790    124,931   Financing arrangement with-                  - AON Premium Finance LLC  -  September 28, 2024   -    725,430                               $2,973,192   $5,049,483  

    Total maturity as of December 31, 2024 

    Year ending March 31, 

    2025 (January 1,