Zoomcar Holdings, Inc. Announces Completion of Key Milestone in Financial Restructuring

Company Advances Toward Restructuring as Operational Turnaround Continues BENGALURU, India and NEW YORK, May 27, 2026 /PRNewswire/ -- Zoomcar Holdings, Inc. ("Zoomcar" or the "Company") (OTCQX: ZCAR), a leading peer-to-peer self-drive car-sharing marketplace in India, today announced that it has cleared the principal remaining items required to advance its previously announced financial restructuring toward completion. Working in close coordination with its financial and legal advisors, the Company has addressed the outstanding matters that had previously affected the timing of the closing.