Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1623

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 5
Chunk 1623
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borrowing cost and amortisation of discount and debt issuance cost on redeemable promissory notes amounting to $1.77 million incurred
during the year ended March 31, 2025, compared to the year ended March 31, 2024.

Gain on troubled debt restructuring

    For the Years Ended March 31, 

    2025  
    2024  
    Change  
    Change % 
  
    Gain on troubled debt restructuring 
     (1,171,161) 
     -  
     (1,171,161) 
     100%

Gain on troubled debt restructuring
during the year ended March 31, 2025 was $1.22 million vs Nil during the year ended March 31, 2024. The gain on troubled debt restructuring
was on account of debt restructurings and trade payable vendor restructurings.

71

Other expense/(income), net

    For the Years Ended March 31, 

    2025  
    2024  
    Change  
    Change % 
  
    Other expense (income), net 
     7,785,291  
     (11,316,471) 
     19,101 ,762  
     -169%
  
    Other (income) from related parties 
     -  
     (11,224) 
     11,224  
     -100%

Other expenses were $7.79 million during the year ended March 31, 2025,
versus other income of $11.33 million during the year ended March 31, 2024, an increase in expense of $19.11 million or 169%.

This increase in expenses is due to recognition of loss on litigation
settlement amounting to $12.74 million, additional loss on assets written off amounting to $0.76 million, loss on extinguishment of liability
amounting to $3.46 million, Bad debts written off on Receivables from car sale amounting to $ 0.45 million, Liquidated damages payable
to Investors amounting to $ 0.57 million and loss on modification of finance lease amounting to $0.46 million respectively during the
year ended March 31, 2025, further income recognized in the year ended March 31, 2024, on account of change in the fair value of SSCPN
and