Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 123

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 123
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loss on sale of assets & assets held for sale, Loss on assets written off, loss on foreign
currency transactions and balances, gain on modification of finance leases, provisions written back, payable to customers written back
and other expenses.

Gain on troubled debt restructuring

Gain on troubled debt restructuring
includes the gain consists of gains on account of restructuring of loans from lenders and gains on account of concluded negotiations with
vendors for reduction in outstanding liabilities.

Results of Operations

The following table sets forth our results
of operations for the periods presented:

|                                                 |     | 2024 | Three months ended 
       December 31, |   |     | 2023 |             |   |     | 2024 | Nine months ended 
      December 31, |   |     | 2023 |             |   |
|:------------------------------------------------|:----|:-----|-------------------:|:--|:----|:-----|------------:|:--|:----|:-----|------------------:|:--|:----|:-----|------------:|:--|
| Net revenue                                     |     | $    |          2,449,368 |   |     | $    |   2,421,438 |   |     | $    |         6,937,250 |   |     | $    |   7,717,064 |   |
| Costs and expenses                              |     |      |                  - |   |     |      |           - |   |     |      |                 - |   |     |      |           - |   |
| Cost of revenue                                 |     |      |          1,499,282 |   |     |      |   2,093,057 |   |     |      |         4,224,993 |   |     |      |   8,441,525 |   |
| Technology and development                      |     |      |            749,287 |   |     |      |   1,261,101 |   |     |      |         2,385,988 |   |     |      |   3,507,839 |   |
| Sales and marketing                             |     |      |            191,090 |   |     |      |     962,652 |   |     |      |         1,208,431 |   |     |      |   4,822,646 |   |
| General and administrative