The Supreme Court of the State of New York issued a temporary restraining order (TRO) against Zoomcar Holdings, Inc. on April 14, 2026. The TRO prohibits the company from increasing authorized shares, issuing shares for warrant exchanges, conducting private placements, issuing shares to insiders, or executing a reverse stock split. The company is also restricted from transferring or dissipating assets outside of the ordinary course of business. A hearing regarding the Order to Show Cause is scheduled for May 7, 2026. Management is currently evaluating the order and intends to seek an emergency stay or vacatur of the TRO.