Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 1881

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 6
Chunk 1881
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 of lease amounting to $760
in the Consolidated Statement of Operations. Under the restructured terms with Orix, the Company was to pay 50% of the outstanding liability
by November 25, 2024, with the remaining 50% due in 12 monthly installments at 12% interest, starting January 15, 2025. If the Company
defaults, the entire liability, plus 18% annual compounded interest, will be due after a 15-day grace period. As of March 31, 2025, the
Company has fulfilled all payment obligations under the restructured terms. Refer Note 26.

As at March 31, 2025, the Company continues to
default on equated monthly installments (EMI) payments owed to Leaseplan India Private Limited (Lender). In adherence to the agreement,
the Company has accumulated penal interest at a simple interest rate of 1% per month on the overdue EMIs, amounting to $225,142 for the
year ended March 31, 2025.

As per the terms of the agreement, an additional simple interest of 1.5% per month is levied on the overdue amount as it is still unpaid
after 60 days from date of default.

Further, during the year ended March 31, 2025, the Company recorded a loss on modification of lease amounting to $457,474 in the Consolidated
Statement of Operations due to changes in future lease payments as per the repayment schedule. Refer note 26.

F-28

ZOOMCAR HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

13Intangible Assets

The components of intangible assets, were as follows:

  (In USD) As at     March 31, 2025   March 31, 2024      Average useful life  Gross Carrying Amount   Accumulated Amortization   Net Carrying Amount   Gross Carrying Amount   Accumulated Amortization   Net Carrying Amount                                 Computer software  5 years   16,392   $(10,941)  $5,451   $33,033   $(14,640)  $18,393   Total      16,392    (10,941)   5,451    33,033