Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 262

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 262
---
   69,053    64,621   - AON Risk Insurance Services West, Inc  8.25%  April 28, 2025   -    162,051                               $2,387,943   $2,851,341   Total maturity for the year ending on September 30, 2026                                $2,387,943  

*Maturities
have been stated as per the respective agreements with the financiers. For Tata Motors Finance Limited, due to non-payment of scheduled
EMIs, the loan is immediately payable and is classified as current. The debts are not associated with any restrictive covenants.

The
Company has recorded an interest expense amounting to $52,421 and $109,151 for the three months and six months ended September 30, 2025
($85,918 and $162,084 for three months and six months ended September 30, 2024).

As of September 30, 2025, the Company
has defaulted on debt obligations owed to various lenders totaling to $981,765 (March 31, 2025 - $820,679). Further, the Company has recorded
penal interest expense amounting to $23,998 and $43,698 for the three months and six months ended September 30, 2025 respectively ($46,505
and $87,584 for three months and six months ended September 30, 2024 respectively).

(This
space has been left intentionally blank)

32

ZOOMCAR
HOLDINGS, INC.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

14AUnsecured
notes

The
following is a summary of the Company’s Unsecured notes payable as of September 30, 2025 and March 31, 2025:

    (In USD) As at 
    September 30,  2025  
    March 31,  2025 
  
    Bridge notes 
    $581,704  
    $- 
  
    Less: Discount and debt issuance cost on issuance, net of amortization 
     (71,854) 
     - 
  
    Total 
    $509,850  
    $-