GlobeNewswire·Aug 13, 2026, 7:47 PM ET

Zoomcar Announces Voting Results from 2026 Annual Meeting of Stockholders

ZCAR

Zoomcar Holdings, Inc. held its 2026 Annual Meeting of Stockholders virtually on August 11, 2026, achieving a quorum representing approximately 70.72% of eligible votes.
Stockholders approved the ratification of Bansal & Co LLP as the independent registered public accounting firm for the fiscal year ending March 31, 2026, with 99.78% of votes cast in favor.
An amendment to increase authorized Common Stock shares from 250,000,000 to 1,990,000,000 was approved, satisfying both total voting power & Common Stock-specific voting standards.
The Company filed a Certificate of Amendment with the Delaware Secretary of State on August 13, 2026, to make the Authorized Share Increase effective immediately.
Stockholders approved the issuance of up to 509,192,089 Common Stock shares to facilitate the previously announced Offer to Exchange outstanding warrants for shares.
A grant of 1,000,000 restricted Common Stock shares to Chairman Uri Levine as an inducement grant outside the equity incentive plan was approved with 94.58% support.
Stockholders approved a proposal to amend the Certificate of Incorporation to allow for a reverse stock split with a ratio between one-for-two & one-for-eight hundred, subject to Board discretion.
A proposal to adjourn the Annual Meeting to solicit additional proxies was approved, though adjournment was not required.
Complete voting results were filed in a Current Report on Form 8-K with the SEC on August 13, 2026.
The press release clarifies that it is for informational purposes only & does not constitute an offer or solicitation to purchase securities.