Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 319

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 8
Chunk 319
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 troubled debt restructuring

    Three months ended December 31,  
    Nine months ended December 31, 

    2024  
    2023  
    Change  
    % Change  
    2024  
    2023  
    Change  
    % Change 
  
    Gain on troubled debt restructuring 
    $(124,299) 
    $-  
    $(124,299) 
     100% 
    $(476,746) 
    $-  
    $(476,746) 
     100%

Gain on troubled debt restructuring
during the three months ended December 31, 2024, was $0.12 million vs Nil during the three months ended December 31, 2023.

Gain on troubled debt restructuring
during the nine months ended December 31, 2024, was $0.48 million vs Nil during the nine months ended December 31, 2023.

Other (income) and expense, net

    Three months ended December 31,  
    Nine months ended December 31, 

    2024  
    2023  
    Change  
    % Change  
    2024  
    2023  
    Change  
    % Change 
  
    Other (income)/expense, net 
    $757,826  
    $(34,503,014) 
    $35,260,840  
     -102% 
    $(29,297) 
    $(10,377,735) 
    $10,348,438  
     -100%
  
    Other (income) from related parties 
    $-  
    $(5,548) 
    $5,548  
     -100% 
    $-  
    $(11,224) 
    $11,224  
     -100%

62

Other Expense was $0.76 million
during the three months ended December 31, 2024, versus other Income of $34.50 million during the three months ended December 31, 2023,
a reduction of $35.26 million or 102% This reduction is due to elimination of non-cash gain on account of change in the fair value of
convertible promissory note and SSCPN resulted in a net gain of $28.10 million during the three months ended December 31, 2023 as