Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 284

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 284
---
  
    March 31,  2025 

    Payable to Director 

    Mohan Ananda 
    $152,435  
    $152,435 

    Accounts Payable 

    Uri Levine 
    $-  
    $62,176 
  
    Deepankar Tiwari 
    $12,884  
    $- 

    $165,319  
    $214,611 

(This
space has been left intentionally blank)

46

ZOOMCAR
HOLDINGS, INC.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

27Variable
Interest Entities

An
entity is a VIE if it has any of the following characteristics :

●The
entity does not have enough equity to finance its activities without additional subordinated financial support.

●The
equity holders, as a group, lack the characteristics of a controlling financial interest.

●The
entity is structured with non-substantive voting rights (i.e., an anti-abuse clause).

We
consolidate VIEs in which Company hold a variable interest and are the primary beneficiary. Company is the primary beneficiary because
it has the power to direct the activities of a VIE that most significantly impact the VIE’s economic performance and the obligation
to absorb losses of the VIE that potentially could be significant to the VIE and the right to receive benefits from the VIE that potentially
could be significant to the VIE (benefits). As a result, we consolidate the assets and liabilities of these consolidated VIEs.

The
VIEs have been incorporated in their respective locations to perform the business of providing mobility solutions to consumers and businesses.

The
following table summarizes the assets and liabilities related to the Company’s consolidated VIEs:

    September 30, 
2025  
    March 31, 
2025 
  
    Assets 

    Cash and cash equivalents 
    $-  
    $2,878 
  
    Other current assets 
    $-  
    $391 
  
    Long term Investments 
    $-  
    $3,991 

    Liabilities 

    Accounts payable 
    $56,635  
    $383,355 
  
    Current portion of pension and other employee obligations 
    $-  
    $80 
  
    Other current liabilities 
    $9,168  
    $141,164