Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 304

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 304
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--------:|:--|
| Service cost                  |                                                  | $    |             (1,933 | ) |     | $    | (6,569 | ) |     | $    |            24,007 |   |     | $    | 119,187 |   |
| Interest cost                 |                                                  |      |              4,309 |   |     |      |  3,672 |   |     |      |            14,045 |   |     |      |  14,084 |   |
| Recognized net actuarial loss |                                                  |      |              3,003 |   |     |      | 29,683 |   |     |      |           (34,032 | ) |     |      |  (4,857 | ) |
| Net periodic benefit cost     |                                                  | $    |              5,379 |   |     | $    | 26,786 |   |     | $    |             4,020 |   |     | $    | 128,414 |   |

| III. | Defined contribution plan |

The Indian subsidiary makes provident
fund contributions which are defined contribution plans, for qualifying employees. Under the Schemes, the Indian subsidiary is required
to contribute a specified percentage of the payroll costs to fund the benefits. The contributions are made to provident fund in accordance
with the fund rules. The interest rate payable to the beneficiaries every year is notified by the Government. The amount of contributions
made to provident fund is $ and $ for the three months and nine months ended December 31, 2024 respectively ($ and
$ for the three months and nine months ended December 31, 2023 respectively).

F- 42 ZOOMCAR HOLDINGS, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

| 29 | Related Party Transactions |

| Key managerial personnel (KMP) 
 Gregory Bradford Moran         
 Hiroshi Nishijima              |     | Chief Executive Officer & Director (until June 20, 2024) 
 Chief Executive Officer (w.e.f. June 20, 2024)           |
|:-------------------------------|:----|:---------------------------------------------------------|
| Uri Levine                     |     | Director (until July 20, 2023)                           |
| David Ishag                    |     | Director (until January 31, 2024)                        |
| Evelyn