Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 379

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 379
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 First Reverse Stock Split) for the period ended March 31, 2024 and NIL private warrants for the period ended March 31, 2023 and 1,653    
 (33,058 prior to the Second Reverse Stock Split and 3,305,765 prior to First Reverse Stock Split) shares issuable upon conversion of     
 unsecured converstible note for the year ended March 31, 2024 and Nil for the year ended March 31, 2023.                                 |

| 30 | Employee                 
 benefit plans (unfunded) |

Employee benefit plans includes gratuity and compensated absences payable to employees. These benefit plans consist a defined benefit plan for gratuity payable by the Indian subsidiary of the Company under Indian regulations. These are determined under the projected unit credit method, with actuarial valuations being carried out at each reporting date. The retirement benefit obligations recognized in the Consolidated Balance Sheet represents the present value of the defined obligations. Under an employee benefit plan, it is the Company’s obligation to provide agreed benefits to the employees. The related actuarial and investment risks fall on the Company. The summary of current and non-current employee benefit plans obligations along with it’s components are as below:

Pension and other employee obligations

|             | As 
 at |   |   March 
     31, 
    2024 |     |   |   March 
     31, 
    2023 |
|:------------|:---|:--|--------:|:----|:--|--------:|
| Current     |    |   |         |     |   |         |
| Gratuity    |    | $ |  93,967 |     | $ |  70,872 |
| Compensated 
 absences    |    |   |  89,688 |     |   |  75,134 |
|             |    |   | 183,655 |     |   | 146,006 |
| Non current |    |   |         |     |   |         |
| Gratuity    |    |   | 258,524 |     |   | 215,841 |
| Compensated 
 absences    |    |   | 232,925 |     |   | 222,967 |
|             |    |   | 491,449 |     |   | 438,808 |

(This space has been left intentionally blank) F- 100 ZOOMCAR HOLD