Company: ZCARW
Filing Date: 2025-06-30
Form Type: 10-K
Source: 0001213900-25-059675
Chunk: 961

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-06-30
Form: 10-K
Item: Item 1C
Chunk 961
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 any participant, unless mutually agreed otherwise between the
participant and Zoomcar. Approval of the stockholders shall be required for any amendment, where required by applicable law, as well as
(i) to increase the number of shares available for issuance under the Incentive Plan and (ii) to change the persons or class of persons
eligible to receive awards under the Incentive Plan.

Form S-8

Zoomcar filed with the SEC
a registration statement on Form S-8 on February 11, 2025 to register an aggregate of 392,189 shares of Common Stock issuable under
the Incentive Plan. Thereafter, at our Special Meeting of Stockholders on February 18, 2025, our stockholders approved a one-time increase
in the number of shares of Common Stock available for issuance under the Incentive Plan in an amount equal to 15% of the number of our
shares of Common Stock issued and outstanding on March 31, 2025, which resulted in the addition of 369,311 shares available for awards
under the Incentive Plan. Thus, the total number of shares of Common Stock that may be issued under the Incentive Plan is currently 370,955
shares. Pursuant to this Stockholder Approval, the Company intends to further file a Form-S-8 to register these increased shares under
the Incentive Plan and any other shares as necessary.

102

Outstanding Equity Awards at Fiscal Year-End Table

Certain employees hold 16
options(post Second Reverse Split). Each equity award was granted subject to the terms of the 2012 Equity Plan which was assumed by the
company under the Incentive Plan.

Non-Employee Director Compensation Table

The following table presents
the total compensation earned and paid to non-employee members (“Directors”) of the Zoomcar Board for the fiscal year
beginning April 1, 2024, and ended March 31, 2025. Mr. Greg Moran, our former Chief Executive Officer, did not receive any compensation
for his service as a member of the Zoomcar Board during any period presented. Mr. Moran’s compensation for service as an employee
is presented above under the heading “Summary Compensation Table.” In addition to the compensation outlined below,
we reimburse Directors for reasonable travel expenses and out-of-pocket costs incurred in attending meetings of the Zoomcar Board or events
attended on behalf of Zoomcar.

    Name 
    Fees Earned  or Paid in Cash