Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 60

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 60
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 31, 

    2024  
    2023  
    2024  
    2023 
  
    Changes in projected benefit obligation (PBO) 

    PBO at the beginning of the year 
    $291,569  
    $347,647  
    $352,492  
    $286,713 
  
    Service cost 
     15,629  
     20,975  
     50,152  
     71,084 
  
    Interest cost 
     3,891  
     3,748  
     13,867  
     13,541 
  
    Actuarial loss/ (gain) 
     12,118  
     17,989  
     54,353  
     61,594 
  
    Benefits paid 
     (38,337) 
     (39,713) 
     (184,366) 
     (78,390)
  
    Effect of exchange rate changes 
     (6,261) 
     (230) 
     (7,889) 
     (4,126)
  
    PBO at the end of the period 
    $278,609  
    $350,416  
    $278,609  
    $350,416 

    Accrued pension liability 

    Current liability 

    $78,460  
    $88,040 
  
    Non-current liability 

     200,149  
     262,376 

    $278,609  
    $350,416 

    Accumulated benefit obligation 

    $216,993  
    $254,630

    Net gratuity cost recognized in income statement 
    Three months ended 
December 31,  
    Nine months ended 
December 31, 

    2024  
    2023  
    2024  
    2023 
  
    Service cost 
    $15,629  
    $20,975  
    $50,152  
    $71,084 
  
    Interest cost 
     3,891  
     3,748  
     13,867  
     13,541 
  
    Amortization of net actuarial (gains)/loss 
     (1