Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 290

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 290
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 the Company received notices from Atalaya regarding equity line transactions and incurring debt without the Purchaser’s consent.
Under the Atalaya Note, any default would make all accrued interest, liquidated damages, and other amounts immediately due in cash. The
Company is in discussions with Atalaya to resolve this matter and has classified all payments due to Atalaya as a current liability.

F- 32 ZOOMCAR HOLDINGS, INC. NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

| 19 | Other current liabilities |

The components of other current liabilities were as follows:

|                                   | (In USD) 
 As at    |   | December 31, 
         2024 |     |   | March 31, 
      2024 |
|:----------------------------------|:---------|:--|-------------:|:----|:--|----------:|
| Payable to renters                |          | $ |      482,987 |     | $ |   576,052 |
| Statutory dues payable            |          |   |    1,560,108 |     |   | 1,550,688 |
| Capital creditors                 |          |   |        5,781 |     |   |     5,936 |
| Employee benefit expenses payable |          |   |      194,804 |     |   |   320,360 |
| Other liabilities*                |          |   |      631,476 |     |   |   330,582 |
| Other current liabilities         |          | $ |    2,875,156 |     | $ | 2,783,618 |

| * | Includes payables related to operating leases and the residual value of vehicles 
 acquired from Leaseplan India Private Limited.                                   |

| 20 | Accumulated other comprehensive income/ (loss) |

The components of accumulated other comprehensive income/(loss)
were as follows:

|                                                                                         | (In USD) 
 As at    |   | December 31, 
         2024 |   |     |   |   March 31, 
        2024 |   |
|:----------------------------------------------------------------------------------------|:---------|:--|-------------:|:--|:----|:--|------------:|:--|
| (Loss)/ Gain on employee benefit                                                        |          |   |              |   |     |   |             |   |
| Balance, beginning of period