Condensed Consolidated Balance Sheets (Unaudited) - USD ($)	Sep. 30, 2025	Mar. 31, 2025
Current assets :
Cash and cash equivalents (Refer Note 27- VIE)	$ 169,357	$ 1,077,275
Accounts receivable, net of allowance for credit losses	94,357	200,650
Assets held for sale	233,110	267,293
Prepaid expenses	418,376	1,020,170
Balances with government authorities		187,458
Other current assets (Refer Note 27- VIE)	227,106	261,200
Total current assets	1,142,306	3,014,046
Property and equipment, net of accumulated depreciation $5,944,663 and $6,870,891 respectively	222,403	327,124
Operating lease right-of-use assets	888,705	1,021,898
Intangible assets, net of accumulated amortisation of $12,112 and $10,941 respectively	3,678	5,451
Long term investments (Refer Note 27- VIE)	21,471	25,653
Prepaid expenses	225,291	257,385
Other non-current assets, net of allowance for credit losses	614,580	705,767
Total assets	3,118,434	5,357,324
Current liabilities :
Accounts payable (Refer Note 27- VIE)	13,805,383	12,396,147
Accounts payable towards related parties	152,435	152,435
Current maturities of long-term debt	2,387,943	2,851,341
Current portion of operating lease liabilities	310,838	316,756
Finance lease liabilities	2,468,617	3,966,962
Contract liabilities	795,871	471,720
Current portion of pension and other employee obligations (Refer Note 27- VIE)	153,361	152,872
Unsecured notes	509,850
Convertible Redeemable note	370,557
Unsecured convertible note	6,272,911	6,002,269
Other current liabilities (Refer Note 27- VIE)	2,497,449	3,199,649
Total current liabilities	29,725,215	29,510,151
Operating lease liabilities, less current portion	670,459	801,981
Pension and other employee obligations, less current portion	438,370	394,030
Total liabilities	30,834,044	30,706,162
Commitments and contingencies (Note 29)
Stockholders’ deficit:
Common stock, $0.0001 par value per share, 250,000,000 shares authorized as of September 30, 2025 and March 31, 2025; 6,902,727 shares and 2,462,418 shares issued and outstanding as of September 30, 2025 and March 31, 2025 respectively	690	246
Additional paid-in capital	309,163,442	305,693,199
Accumulated deficit	(338,173,267)	(333,173,805)
Accumulated other comprehensive income	1,293,525	2,131,522
Total stockholders’ deficit	(27,715,610)	(25,348,838)
Total liabilities and stockholders’ deficit	$ 3,118,434	$ 5,357,324

Zoomcar Holdings, Inc. 10-Q