Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 2409

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 8
Chunk 2409
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, respectively in relation to Loyalty program.

The total balance under contract liability
as at March 31, 2025 and March 31, 2024 is $471,720 and $716,091, respectively.

Revenue recognized during the year ended March 31, 2025 which was included
in contract liabilities balance at the beginning of the respective period amounts to $262,940 ($341,585 recognized during the year ended
March 31, 2024).

25Finance costs

The components of finance costs were as follows:

    (In USD) 
    March 31,  2025  
    March 31, 2024 
  
    Finance costs -other than related parties 

    Interest on vehicle loans 
    $293,430  
    $392,933 
  
    Interest on finance leases 
     550,903  
     625,523 
  
    Interest on subcontractor liability 
     91,891  
     93,869 
  
    Issuance cost towards issue of warrants 
     3,294,526  
     - 
  
    Change in fair value of preferred stock warrant liability 
     -  
     5,284,494 
  
    Discount on issue of Atalaya Note 
     -  
     632,595 
  
    Interest on redeemable promissory notes 
     1,995,967  
     - 
  
    Amortisation of discount and debt issuance cost on redeemable promissory notes 
     1,765,615  
     - 
  
    Change in fair value of Atalaya Note 
     -  
     1,632,996 
  
    Change in fair value of derivative financial instrument 
     -  
     3,465,293 
  
    SSCPN issue expenses 
     -  
     1,564,210 
  
    Bank charges 
     25,067  
     33,933 
  
    Other borrowings cost 
     589,774  
     172,889 
  
    Total 
    $8,607,173  
    $13,898,735 

    Finance costs -to related parties 

    Interest on vehicle loans 
    $-  
    $38,203 
  
    Total 
    $-  
    $38,203 

F-36

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