Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 2262

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 7A
Chunk 2262
---
,
 2024 
  
    Interest expense 

    Mahindra & Mahindra Financial Services Limited*** 
    $-  
    $38,203 

    Interest income 

    Mahindra & Mahindra Financial Services Limited*** 
    $-  
    $11,224 

    Parking charges 

    Yard Management Services Limited*** 
    $-  
    $241,866 

    Debt - principal repayment 

    Mahindra & Mahindra Financial Services Limited*** 
    $-  
    $119,576 

    Debt - foreclosure charges 

    Mahindra & Mahindra Financial Services Limited*** 
    $-  
    $153 

    Proceeds from sale of assets held for sale 

    Mahindra First Choice Wheels Limited*** 
    $-  
    $(3,144)

    Amount received for November 2024 Offering 

    Mark Bailey** 
    $2,499,959  
    $- 

    Amount received for December 2024 Offering 

    Hiroshi Nishijima 
    $50,001  
    $- 
  
    Uri Levine* 
    $300,000  
    $- 

    Consultancy Charges 

    Uri Levine* 
    $145,830  
    $- 

F-45

ZOOMCAR HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

31Related Party Transactions (Continued)

The Company has the following outstanding
balances with related parties:

    As at 
    March 31,
 2025  
    March 31,
 2024 
  
    Convertible promissory note (non-current and current) 

    Ananda Small Business Trust 
    $-  
    $2,027,840 

    Payable to Director 

    Mohan Ananda 
    $152,435  
    $152,435 

    Advance to director (net) 

    Gregory Bradford Moran 
    $-  
    $44,168 

    Accounts Payable 

    Uri Levine 
    $62,176  
    $- 

    $214,611  
    $2,224,443 

*Uri Levine become related party on March 31, 2025. However,
the transactions disclosed with Uri Levine were incurred before he become a related party