Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 291

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 291
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                                                            |          | $ |       46,101 |   |     | $ |     115,818 |   |
| Recognized during the period, net of taxes amounts to $NIL                              |          |   |      (54,353 | ) |     |   |     (48,593 | ) |
| Reclassification to net income: Amortization losses/(gains)                             |          |   |       (5,008 | ) |     |   |     (21,124 | ) |
| Balance, end of period                                                                  |          | $ |      (13,260 | ) |     | $ |      46,101 |   |
| Foreign currency translation adjustment                                                 |          |   |              |   |     |   |             |   |
| Balance, beginning of period                                                            |          | $ |    1,749,891 |   |     | $ |  15,594,868 |   |
| Translation adjustments gain recognized during the period, net of taxes amounts to $NIL |          |   |      417,695 |   |     |   | (13,844,977 | ) |
| Balance, end of period                                                                  |          | $ |    2,167,586 |   |     | $ |   1,749,891 |   |
| Accumulated other comprehensive income                                                  |          | $ |    2,154,326 |   |     | $ |   1,795,992 |   |

(This space has been left intentionally blank) F- 33 ZOOMCAR HOLDINGS, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

| 21 | Capital Stock |

On November 7, 2024, the Company
sold (i) Common Units, each consisting of share of common stock, two Series A Warrants (“Series A Warrants -
November 2024 Offering”) and maximum number of Series B Warrants (“Series B Warrants - November 2024 Offering”) as
mentioned in the agreement, and (ii) Pre-Funded Units, each consisting of Pre-Funded Warrant (“Pre Funded Warrants
- November 2024 Offering”), two Series A Warrants, and maximum number of Series B Warrants as mentioned in the agreement,
through the placement agent (collectively referred to “November 2024 Offering”). Along with a cash fee, the Company has
issued to the placement agent