Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 56

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 1
Chunk 56
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of September 30, 2025 and September 30, 2024 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 the period.

    Three months ended  September 30,  
    Six months ended  September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Stock options* 
     16  
     204  
     16  
     204 
  
    Public warrants 
     11,500,000  
     11,500,000  
     11,500,000  
     11,500,000 
  
    Private warrants 
     19,416  
     84,922  
     19,416  
     59,706 
  
    Warrants issued in November 2024 and December 2024 offering (including Second and Third closing of December offering) 
     3,706,443  
     -  
     3,706,443  
     - 
  
    Total 
     15,225,875  
     11,585,126  
     15,225,875  
     11,559,910 

*In
2012, the Company adopted its 2012 Equity Incentive Plan, under which the Company may grant options and restricted stock to eligible
participants. The plan is equity settled. Options are generally granted for a term of ten years. Options have a graded vesting period
of up to four years and the expenses are recorded on a straight-line basis over the requisite service period for each separately vesting
portion of the awards. The Company cancelled certain outstanding options at the time of Reverse Recapitalization. The remaining 16 fully
vested options were assumed by the Company on the Reverse Recapitalization date, exercisable at exercise price ranging from $120 to $300.

#Prior
period numbers have been adjusted to reflect the First Reverse Stock Split and the Second Reverse Stock Split of the Common Stock at
a ratio of 1-for-100 and 1-for-20, respectively. (Refer Note 3A)

24Employee
benefit plans (unfunded)

Employee
benefit plans includes grat