Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 283

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 283
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, the
Company has accumulated penal interest at a simple interest rate of % per month on the overdue EMIs after adjustment of amounts paid
during the three months ended December 31, 2024, amounting to $.

As per the terms of the agreement, an additional simple interest of
% per month is levied on the overdue amount as it is still unpaid after 60 days from date of default.

F-27 ZOOMCAR HOLDINGS, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

| 13 | Investments |

The components of investments were as follows:

|                                         | (In USD) 
 As at    |   | December 31, 
         2024 |     |   | March 31, 
      2024 |
|:----------------------------------------|:---------|:--|-------------:|:----|:--|----------:|
| Long term investments                   |          |   |              |     |   |           |
| Investments in certificate of deposits* |          | $ |       25,295 |     | $ |    91,947 |
|                                         |          | $ |       25,295 |     | $ |    91,947 |

| * | Investments includes certificate of deposits and interest 
 accrued on the same.                                      |

| 14 | Other              
 non-current assets |

The components of other non-current assets were as follows:

|                           | (In USD) 
 As at    |   | December 31, 
         2024 |     |   | March 31, 
      2024 |
|:--------------------------|:---------|:--|-------------:|:----|:--|----------:|
| Security deposits         |          | $ |      354,993 |     | $ |   350,149 |
| Restricted cash*          |          |   |      200,000 |     |   |         - |
| Receivables from car sale |          |   |      446,619 |     |   |   458,590 |
| Other non-current assets  |          | $ |    1,001,612 |     | $ |   808,739 |

| * | Restricted cash represents amount held as an indemnification                                                                            
 escrow fund with the placement agent for all indemnification liabilities and expenses payable by the Company as per the placement agent 
 agreement for a period of 3 years from closing of