Company: ZCARW
Filing Date: 2025-03-04
Form Type: S-1
Source: 0001213900-25-020176
Chunk: 348

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-04
Form: S-1
Chunk 348
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     |   | 3,039,200 |

| Total maturity for the year ending on March 31, 
 2025                                            |     |   | 5,049,483 |
|:------------------------------------------------|:----|:--|----------:|
| 2026                                            |     |   |         - |
| 2027                                            |     |   |         - |
| 2028                                            |     |   |         - |
| 2029                                            |     |   |         - |
| Thereafter                                      |     |   |         - |
|                                                 |     | $ | 5,049,483 |

| *  | Maturities have been stated                                                                                                             
 as per the respective agreements with the financers. However, except for AON Premium Finance LLC, due to non-payment of scheduled EMIs, 
 the  loans are immediately payable and are classified as current. These debts are not associated with any restrictive covenants.        |
| ** | Mahindra                                                                                                                                
 & Mahindra Financial Services Limited is a related party till December 28, 2023, accordingly the outstanding balances as on March       
 31, 2024 with this related party has been disclosed under Term loan from NBFC - Others.                                                 
 Further,                                                                                                                                
 fixed deposits amounting to $259,992                                                                                                    
 are marked as lien against the loan which is recognized under ‘Short term investments’ in the Consolidated Balance Sheet.               |

(This space has been left intentionally blank) F-86 ZOOMCAR HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

| 16 | Debt (Continued) |

Non-convertible debentures

| (a) | 7.7%      
 Debenture |

The Company had issued Non Convertible Debentures to Blacksoil Capital Private Limited for a period of 36 months from the date of allotment i.e. April 16, 2019. The original issue of debentures was at a variable interest rate of MCLR + 2%, with MCLR at the date of signing being 12%. The debentures are secured against:

| 1) | First and exclusive charge on 100% 
 assets purchased using the loans,  |

| 2) | Post-dated cheques from Company, 
 and                              |

| 3) | Personal guarantee of Mr. Gregory 
 B Moran (CEO of the Company).     |

In February 2021, the