Company: ZCARW
Filing Date: 2025-02-14
Form Type: 10-Q
Source: 0001213900-25-014437
Chunk: 64

Company: Zoomcar Holdings, Inc.
Filing Date: 2025-02-14
Form: 10-Q
Item: Part I, Item 1
Chunk 64
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 Mohan Ananda
    Director (w.e.f. December 28, 2023)

    Madan Menon
    Director (w.e.f. December 28, 2023)

    Lisbeth McNabb
    Director (until April 18, 2023)

    John Robert Clarke
    Director (w.e.f. June 20, 2024)

    Mark Bailey*
    Director (until December 06, 2024)

    Investor in Indian subsidiary

    Mahindra & Mahindra Limited**
    Investor in Indian
subsidiary (until December 28, 2023)

    Enterprises owned or significantly influenced by above

Mahindra & Mahindra Financial Services Limited**

    Mahindra First Choice Wheels Limited**

    Yard Management Services Limited** 

    Ananda Small Business
Trust

Related party transactions pertaining to debt, investments,
and other current liabilities have been stated on the face of the Condensed Consolidated Balance Sheets and Condensed Consolidated Statements
of Operations.

43

ZOOMCAR HOLDINGS, INC.

NOTES TO CONDENSED CONSOLIDATED
FINANCIAL STATEMENTS (UNAUDITED)

The Company had following transactions with related
parties:

    Three months ended  
    Nine months ended 

    December 31, 2024  
    December 31, 2023  
    December 31, 2024  
    December 31, 2023 
  
    Interest expense 

    Mahindra & Mahindra Financial Services Limited** 
    $-  
    $12,427  
    $-  
    $38,203 

    Interest income 

    Mahindra & Mahindra Financial Services Limited** 
    $-  
    $5,548  
    $-  
    $11,224 

    Parking charges 

    Yard Management Services Limited** 
    $-  
    $241,866  
    $-  
    $241,866 

    Debt - principal repayment 

    Mahindra & Mahindra Financial Services Limited** 
    $-  
    $66,525  
    $-  
    $119,576 

    Debt - foreclosure charges 

    Mahindra & Mahindra Financial Services Limited** 
    $-  
    $-  
    $-  
    $153 

    Amount received for