Zoomcar failed to regain compliance with Nasdaq's minimum $15M market value requirement within the 180-day period ending January 21, 2025. The company received an additional delisting notice on January 23, with a January 30 deadline to present its compliance plan to the Nasdaq Panel, potentially including a transfer to the Nasdaq Capital Market.In corporate changes, the Board appointed Sachin Gupta as permanent Chief Financial Officer on January 17, removing his interim status. Additionally, CEO Hiroshi Nishijima's salary was restored to $350,000 annually, effective January 1, 2025, following a previous 50% reduction to $175,000 implemented in June 2024.

Zoomcar failed to regain compliance with Nasdaq's minimum $15M market value requirement within the 180-day period ending January 21, 2025. The company received an additional delisting notice on January 23, with a January 30 deadline to present its compliance plan to the Nasdaq Panel, potentially including a transfer to the Nasdaq Capital Market.In corporate changes, the Board appointed Sachin Gupta as permanent Chief Financial Officer on January 17, removing his interim status. Additionally, CEO Hiroshi Nishijima's salary was restored to $350,000 annually, effective January 1, 2025, following a previous 50% reduction to $175,000 implemented in June 2024.