Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 325

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 325
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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 |   |

<div align='center'>F-34

ZOOMCAR HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)</div>

| 21 | Capital 
 Stock   |

On November 7, 2024, the Company sold (i) 1,302,850 Common Units, each consisting of one 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) 835,000 Pre-Funded Units, each consisting of one 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, warrants to purchase 10% of the shares of Common Stock and shares of Common Stock underlying the Pre-funded Warrants (“Common Stock Warrants”)*; Series A Warrants equal to 10% of the Series A Warrants sold at closing and Series B Warrants equal to 10% of the Series B Warrants issued at or following the Reset Date.

| * | 213,785                                                                                         
 Common Stock Warrants were issued to the placement agent as a part of compensation for services 
 rendered in connection with the November 2024 offering.