Company: ZCARW
Filing Date: 2025-05-12
Form Type: S-1/A
Source: 0001213900-25-041769
Chunk: 350

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-05-12
Form: S-1/A
Chunk 350
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 |     | 523,746 |     |     | 1,150,209 |

9 (b) Other current assets with related parties

The components of other current assets with related parties were as follows:

(In USD)

|                      | As at |   |  March 
    31, 
   2024 |     |   |  March 
    31, 
   2023 |
|:---------------------|:------|:--|-------:|:----|:--|-------:|
| Advance              
 to director          |       | $ | 44,168 |     | $ | 19,682 |
| Other current assets 
 with related parties |       |   | 44,168 |     |   | 19,682 |

| 10 | Assets        
 held for sale |

The components of assets held for sale were as follows:

(In USD)

|                       | As at |   |    March 
 31, 2024 |     |   |    March 
 31, 2023 |
|:----------------------|:------|:--|---------:|:----|:--|---------:|
| Vehicles              |       | $ |  629,908 |     | $ |  923,176 |
| Total assets held for 
 sale                  |       |   |  629,908 |     |   |  923,176 |

Vehicles represent the vehicles held for sale in Indian subsidiary, Zoomcar India Private Limited. The gain or loss on sale of these assets is included in Loss/(gain) on sale of assets held for sale under Other (income)/expense of Consolidated Statement of Operations. During year ended March 31, 2024, total loss of $ 40,293was recorded against Loss/(gain) on sale of vehicles held for sale (total profit of $ 1,737,794for year ended March 31, 2023). During the year ended March 31, 2024, the Company has recorded the impairment amount of $ 167,413($ 93,144for year ended March 31, 2023). The impairment amount is adjusted with Loss/(gain) on sale of assets held for sale under Other (income)/expense of Consolidated Statement of Operations.

The Company is actively taking steps to liquidate these “Assets held for sale”, pending the capacity to foreclose loans and issue NOCs to buyers. The Company anticipates full asset sale completion by the third