Zoomcar Holdings, Inc. Receives Temporary Restraining Order Impacting Key Corporate Actions

Bangalore, India, April 21, 2026 – Zoomcar Holdings, Inc. (CIK: 0001854275), an emerging growth company in the auto rental and leasing sector, has disclosed in a Form 8-K filing that it is subject to a court-issued Temporary Restraining Order (TRO). This development follows litigation initiated by the Reimer Family Partnership, L.P. et al. against Zoomcar Holdings, Inc. (Index No. 651695/2026).

Key Points from the Filing

• Date of Report: April 14, 2026
• Nature of Filing: Form 8-K (Current Report – Other Events)
• Emerging Growth Company Status: Zoomcar confirms it qualifies as an emerging growth company and has elected not to use the extended transition period for complying with new or revised financial accounting standards.
• Trading Symbols and Exchanges: The filing states “NA” (Not Applicable) under registered classes, trading symbols, and exchanges, indicating the company’s securities may not currently be listed on a major exchange.

Details of the Temporary Restraining Order (TRO)

The court’s TRO imposes significant restrictions on Zoomcar Holdings, Inc., specifically prohibiting the company from:

• Seeking or obtaining shareholder approval to increase authorized shares
• Issuing shares in connection with a proposed warrant exchange
• Consummating a proposed private placement or related equity financing
• Issuing shares of common stock to insiders, officers, directors, or affiliates (including planned issuances to the Company’s Chairman)
• Effecting a reverse stock split
• Transferring or dissipating assets outside the ordinary course of business

Potential Implications for Shareholders

• Financing and Capital Structure: The TRO directly impacts the company’s ability to raise new equity capital, complete private placements, or restructure its capital through actions such as a reverse stock split. This may affect the company’s liquidity and ability to fund operations or strategic initiatives.
• Operational Constraints: The company is also barred from transferring or dissipating assets, which may restrict its flexibility in managing its resources.
• Governance and Insider Transactions: The order specifically restricts share issuances to insiders, including the Chairman, which could have corporate governance and control implications.
• Legal and Strategic Response: Zoomcar is currently evaluating the order and the TRO, including the potential impact on its financing transactions and operations. The company intends to take appropriate legal action, including the possible application for an emergency stay and/or vacatur of the TRO.
• Court Proceedings: A hearing on the Order to Show Cause is scheduled for May 7, 2026. The outcome of this hearing could have further material effects on the company’s ability to execute its strategic plans.

Forward-Looking Statements

The company cautions that this Current Report on Form 8-K contains forward-looking statements regarding its evaluation of, and intended response to, the court order and TRO. There is no assurance regarding the outcome of legal proceedings or the company’s ability to lift the order or resume planned transactions.

Management Sign-Off

The filing is signed by Deepankar Tiwari, Chief Executive Officer of Zoomcar Holdings, Inc., dated April 21, 2026.

What Investors Should Watch

• This legal development is highly material and could significantly impact Zoomcar’s share value, capital raising ability, and future operations.
• Investors should closely monitor upcoming court proceedings and any updates from the company regarding its legal strategy, financing activities, and business continuity.
• Resolution of the TRO and the underlying litigation will be critical to the company’s financial health and strategic flexibility.

Disclaimer: This article is for informational purposes only and does not constitute investment advice. Investors are encouraged to review official filings and consult with qualified financial advisors before making investment decisions. The information herein is based on Zoomcar Holdings, Inc.’s Form 8-K filing dated April 21, 2026, and may be subject to further updates or changes as legal proceedings develop.

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