The components of assets held for sale were as follows:

Assets held for sale represents the vehicles and office equipments held for sale in the Indian subsidiary, Zoomcar India Private Limited. The gain or loss on sale of these assets is included in (Gain)/Loss on sale of assets held for sale under Other (income)/expense of Consolidated Statements of Operations.

During the year ended March 31, 2026, total gain of $10,755 was recorded against gain on sale of assets held for sale (gain of $1,054 for the year ended March 31, 2025). Further, during the year ended March 31, 2026, the Company has recorded $23,789 towards impairment expense ($448,484 for the year ended March 31, 2025).

During the year ended March 31, 2026, the closing balance has been reclassed to ‘Other non current assets’ as the sale of these assets are not probable within 12 months.