Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 355

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 355
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ii) $25,804 made as a deposit under protest for appeal filed for Income Tax litigation pertaining to FY 2015-16. |

| ** | includes receivable amount from Dbest Cars India Private                                                                                   
 Limited ("Dbest"), pending arbitration after an initial court judgment in favour of the Company. The Company has handed over               
 the No Objection Certificates for the sold vehicles to Dbest as per the court orders. The timeframe for actual receipt of fund is depended 
 on the completion of realisation process with arbitration panel.                                                                           |

(This space has been left intentionally blank) F-87 ZOOMCAR HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

| 16 | Debt |

The components of long term and short term debt were as follows:

(In USD)

|                                                           | As 
 at |     | Effective 
  interest 
     rates |   |     |                    | Maturities* |   | March 31, 
      2024 |     |   | March 31, 
      2023 |
|:----------------------------------------------------------|:---|:----|----------:|:--|:----|:-------------------|:------------|:--|----------:|:----|:--|----------:|
| Current                                                   |    |     |           |   |     |                    |             |   |           |     |   |           |
| Non-convertible debentures                                |    |     |           |   |     |                    |             |   |           |     |   |           |
| - 7.7% Debentures                                         |    |     |         - |   |     | June 30, 2024      |             | $ |   335,549 |     | $ |   454,969 |
| Term loans                                                |    |     |           |   |     |                    |             |   |           |     |   |           |
| - from related parties (NBFCs)                            |    |     |           |   |     |                    |             |   |           |     |   |           |
| - Mahindra & Mahindra Financial Services Limited**        |    |     |         - |   |     | June 30, 2024      |             |   |         - |     |   | 1,054,887 |
| - from others (NBFCs)                                     |    |     |           |   |     |