Company: ZCARW
Filing Date: 2025-08-14
Form Type: 10-Q
Source: 0001213900-25-076590
Chunk: 39

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-08-14
Form: 10-Q
Item: Part I, Item 1
Chunk 39
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Furthermore as per the order of the court, the Company is liable to pay interest at 9% per annum till the date the ordered amount is paid
in full.

Further, pursuant to Notice of Subpoena
and Restraining Notice dated June 30, 2025 from the Supreme Court of the State of New York, the Company’s money or/and property held
with JPMorgan Chase Bank, National Association has been taken/held in order to satisfy judgement/order held against the Company in relation
to amount due to Atalaya Note holders.

The change in fair value resulted in
loss of $134,582 that is recorded for the three months ended June 30, 2025 ($1,360,238 for the three months ended June 30, 2024) in the
Condensed Consolidated Statements of Operations (as no portion of such fair value adjustment resulted from instrument-specific credit
risk). Also, Refer Note 28.

16Other current liabilities

The components of other current liabilities
were as follows:

    (In USD) As at 
    June 30, 2025  
    March 31, 2025 

    Payable to customers 
    $239,430  
    $273,591 
  
    Statutory dues payable 
     1,529,560  
     1,588,047 
  
    Capital creditors 
     21,700  
     5,790 
  
    Employee benefit expenses payable 
     199,693  
     274,049 
  
    Other liabilities* 
     728,328  
     1,058,172 
  
    Other current liabilities 
    $2,718,711  
    $3,199,649 

*Includes payables related to operating leases and the residual
value of vehicles acquired from Leaseplan India Private Limited.

17Accumulated other comprehensive income/ (loss)

The components of accumulated other comprehensive
income/(loss) were as follows:

    (In USD) As at 
    June 30, 2025  
    March 31,  2025 

    (Loss)/ Gain on employee benefit 

    Balance, beginning of period 
    $(18,186) 
    $46,101 
  
    Recognized during the period, net of taxes amounts to $NIL 
     (30,693) 
     (57,663)
  
    Reclassification to net