Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 61

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 61
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,657) 
     (5,250) 
     (5,008) 
     (15,859)
  
    Net periodic benefit cost 
    $17,863  
    $19,473  
    $59,011  
    $68,766 

    Re-measurement (gains) / losses in other comprehensive income 
     Three months ended 
December 31,  
     Nine months ended 
December 31, 

     2024  
     2023  
     2024  
     2023 
  
    Actuarial (gain)/loss 
    $12,118  
    $17,989  
    $54,353  
    $61,594 
  
    Amortization loss 
     (1,657) 
     (5,250) 
     (5,008) 
     (15,859)
  
    Total 
    $13,775  
    $23,239  
    $59,361  
    $77,453 

    Components of actuarial gain: 
     Three months ended 
December 31,  
     Nine months ended
 December 31, 

     2024  
     2023  
     2024  
     2023 
  
    Actuarial (gain)/loss due to demographic assumption changes in defined benefit obligation 
    $(3,739) 
    $(3,178) 
    $(2,676) 
    $(2,430)
  
    Actuarial (gain)/ loss due to financial assumption changes in defined benefit obligation 
     1,649  
     5,847  
     4,350  
     312 
  
    Actuarial (gain)/loss due to experience on defined benefit obligation 
     14,121  
     15,320  
     52,679  
     63,712 
  
    Total 
    $12,031  
    $17,989  
    $54,353  
    $61,594 

41

ZOOMCAR HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS (UNAUDITED)

The assumptions used in accounting for the gratuity plan are as follows: 

    December 31, 2024  
    December