Company: ZCARW
Filing Date: 2025-05-05
Form Type: S-1
Source: 0001213900-25-039778
Chunk: 380

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-05
Form: S-1
Chunk 380
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 |          |     |          |  38,071 |   |
| 2028                                           |     |          |          |   |     |          |        |   |     |          |          |     |          |  21,328 |   |
| 2029                                           |     |          |          |   |     |          |        |   |     |          |          |     |          |  14,049 |   |
| Thereafter                                     |     |          |          |   |     |          |        |   |     |          |          |     |          | 129,083 |   |
| Total                                          |     |          |          |   |     |          |        |   |     |          |          |     |          | 352,492 |   |

F- 102 ZOOMCAR HOLDINGS, INC. NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

| 30 | Employee                             
 benefit plans (unfunded) (Continued) |

II. Compensated absences The employees are permitted to encash a maximum of 45 days of accumulated leave balance on separation. The Company has provided liability for compensated absences as per an actuarial valuation carried out by an independent actuary on the Balance Sheet date. The amount of compensated absences cost is $ 139,965and $ 98,130for the years ended March 31, 2024 and March 31, 2023 respectively. III. Defined contribution plan The Indian subsidiary makes provident fund contributions which are defined contribution plans, for qualifying employees. Under the Schemes, the Indian subsidiary is required to contribute a specified percentage of the payroll costs to fund the benefits. The contributions are made to provident fund in accordance with the fund rules. The interest rate payable to the beneficiaries every year is notified by the Government. The amount of contributions made to provident fund is $ 432,936and $ 622,401for the years ended March 31, 2024 and March 31, 2023 respectively.

| 31 | Stock-based          
 compensation expense |

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