Company: ZCARW
Filing Date: 2025-03-28
Form Type: DRS
Source: 0001013762-25-003498
Chunk: 408

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-03-28
Form: DRS
Chunk 408
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 refer note 36.

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F-96

ZOOMCAR HOLDINGS, INC.

NOTES TO CONSOLIDATED FINANCIAL STATEMENTS</div>

| 29 | Net loss per share |

The components of basic and diluted loss per share were as follows:

(In USD, except loss per share)

|                                                         |     |   |       March 
         31, 
        2024 |   |     |   |       March 
         31, 
        2023 |   |
|:--------------------------------------------------------|:----|:--|------------:|:--|:----|:--|------------:|:--|
| Net loss available for common shareholders              
 (A)                                                     |     | $ | (34,277,251 | ) |     | $ | (62,032,076 | ) |
| Weighted average outstanding shares of common stock (B) |     |   |     167,277 |   |     |   |       5,342 |   |
| Dilutive effect of stock-based                          
 awards                                                  |     |   |           - |   |     |   |           - |   |
| Common stock and common                                 
 stock equivalents (C)                                   |     |   |     167,277 |   |     |   |       5,342 |   |
| Loss per share                                          |     |   |             |   |     |   |             |   |
| Basic (A/B)                                             |     | $ |     (204.91 | ) |     | $ |  (11,612.14 | ) |
| Diluted (A/C)                                           |     | $ |     (204.91 | ) |     | $ |  (11,612.14 | ) |

Share related amounts have been retroactively adjusted to reflect this reverse stock-split for all periods presented.

Since the Company was in a loss position for the year ended March 31, 2024 and March 31, 2023 basic loss per share was same as diluted net loss per share for the periods presented. The following potentially dilutive outstanding securities as of March 31, 2024 and March 31, 2023 were excluded from the computation of diluted loss per share because their effect would have been anti-dilutive for the periods presented, or issuance of such shares is contingent upon the satisfaction of certain conditions which were not satisfied by the end of