Company: ZCARW
Filing Date: 2025-11-14
Form Type: 10-Q
Source: 0001213900-25-110391
Chunk: 271

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-11-14
Form: 10-Q
Item: Part I, Item 8
Chunk 271
---
 was included in contract liabilities balance at the beginning of the respective period
amounts to $48,605 and $181,236 ($453 and $269,829 recognized during the three months and six months ended September 30, 2024).

(This
space has been left intentionally blank)

38

ZOOMCAR
HOLDINGS, INC.

NOTES
TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS (UNAUDITED)

20Finance
costs

The
components of finance costs were as follows:

    (In USD) 
    Three months ended 
September 30,  
    Six months ended 
September 30, 

    2025  
    2024  
    2025  
    2024 
  
    Finance costs -other than related parties 

    Interest on vehicle loans 
    $52,421  
    $85,918  
    $109,151  
    $162,084 
  
    Interest on finance leases 
     72,802  
     131,166  
     172,380  
     267,209 
  
    Interest on subcontractor liability 
     22,133  
     23,072  
     44,958  
     46,488 
  
    Interest on redeemable promissory notes 
     -  
     1,320,861  
     -  
     1,467,623 
  
    Interest on unsecured notes 
     69,666  
     -  
     73,897  
     - 
  
    Interest on Convertible notes 
     11,056  
     -  
     11,056  
     - 
  
    Change in fair value of Atalaya Note 
     136,060  
     390,218  
     270,642  
     - 
  
    Bank charges 
     5,761  
     6,405  
     9,763  
     13,605 
  
    Other borrowings cost 
     101,781  
     202,538  
     211,966  
     363,954 
  
    Total 
    $471,680  
    $2,160,178  
    $903,813  
    $2,320,963 

21