UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 12b-25
NOTIFICATION OF LATE FILING
(Check
One): ☒ Form 10-K ☐ Form 20-F ☐ Form
11-K ☐ Form 10-Q ☐ Form 10-D
☐ Form
N-CEN ☐ Form N-CSR
For Period Ended: March 31, 2026
| ¨ | Transition
Report on Form 10-K |
| ¨ | Transition
Report on Form 20-F |
| ¨ | Transition
Report on Form 11-K |
| ¨ | Transition
Report on Form 10-Q |
For the Transition Period Ended: _____________________________________
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Read Instructions (on back page) Before Preparing
Form. Please Print or Type.
Nothing in this form shall be construed to imply
that the Commission has verified any information contained herein. |
If the notification relates to a portion of the
filing checked above, identify the Item(s) to which the notification relates:
PART I – REGISTRANT INFORMATION
Senmiao Technology Limited
Full Name of Registrant:
N/A
Former Name if Applicable:
16F, Shihao Square, Middle Jiannan
Blvd., High-Tech Zone
Address of Principal Executive Office (Street and number):
Chengdu, Sichuan, China 610000
City, State and Zip Code
PART II – RULES 12b-25(b) AND (c)
If the subject report could not be filed without
unreasonable effort or expense and the registrant seeks relief pursuant to Rule 12b-25(b), the following should be completed (Check box
if appropriate)
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(a) |
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The reasons described in reasonable detail in Part III of this form could not be eliminated without unreasonable effort or expense; |
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(b) |
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The subject annual report, semi-annual report,
transition report on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or portion thereof, will be filed on or before the fifteenth
calendar day following the prescribed due date; or the subject quarterly report or transition report on Form 10-Q or subject distribution
report on Form 10-D, or portion thereof, will be filed on or before the fifth calendar day following the prescribed due date; and |
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(c) |
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The accountant’s statement or other exhibit required by Rule 12(b)-25(c) has been attached if applicable. |
PART III – NARRATIVE
State below in reasonable detail why Forms
10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or portion thereof, could not be filed within the prescribed time
period.
The compilation, dissemination and review of the
information required to be presented in the annual report on Form 10-K for the fiscal year ended March 31, 2026 (the “Annual Report”)
imposed time constraints that have rendered timely filing of the Annual Report impracticable without undue hardship and expense to the
registrant. In accordance with Rule 12b-25 of the Securities Exchange Act of 1934, as amended, the registrant endeavors to file its Annual
Report no later than fifteen calendar days following the prescribed due date.
PART IV – OTHER INFORMATION
(1) Name and telephone number of person to contact
in regard to this notification:
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Ronggang (Jonathan) Zhang |
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+86 28 |
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61554399 |
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(Name) |
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(Area Code) |
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(Telephone Number) |
(2) Have all other periodic reports required under
Section 13 or 15(d) of the Securities Exchange Act of 1934 or Section 30 of the Investment Company Act of 1940 during the preceding 12
months or for such shorter period that the registrant was required to file such report(s) been filed? If answer is no, identify report(s).
☒ Yes ☐ No
(3) Is it anticipated that any significant change
in results of operations from the corresponding period for the last fiscal year will be reflected by the earnings statements to be included
in the subject report or portion thereof?
☒ Yes ☐ No
If so, attach an explanation of the anticipated
change, both narratively and quantitatively, and, if appropriate, state the reasons why a reasonable estimate of the results cannot be
made.
The Registrant expects there will be significant
changes to its revenue, gross profit, loss from operations, net loss and comprehensive loss for the fiscal year ended March 31, 2026,
as compared to the information provided in its Annual Report on Form 10-K for the fiscal year ended March 31, 2025.
As the registrant completed a corporate structure
change, disposed its online ride-hailing platform service business in August 2024 and disposed automobile transaction related services
in Sichuan Province, China in December 2025, the comparative financial figures in relation to operations under the disposed subsidiary
in the fiscal year ended March 31, 2026 was reclassified to items named “Discontinued operations - Online ride-hailing platform
service” and “Discontinued operations - Automobile Transaction related Services in Sichuan”. Management’s current
reasonable estimates of other operating results of operation are as follows, which are subject to change upon the completion of the financial
statements: (i) total revenues decreased to approximately $1.5 million for the year ended March 31, 2026 from approximately $1.9 million
for the year ended March 31, 2025; and (ii) loss from operations increased to approximately $2.9 million for the year ended March 31,
2026 from approximately $2.0 million for the year ended March 31, 2025. Additional narrative and quantitative disclosure regarding the
registrant’s results of operations for the year ended March 31, 2026 will be disclosed in the registrant’s Annual Report.
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Senmiao Technology Limited |
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(Name of Registrant as Specified in Charter) |
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has caused this notification to be signed on its
behalf by the undersigned hereunto duly authorized.
| Date: June 30, 2026 |
By: |
/s/ Ronggang (Jonathan) Zhang |
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Name: |
Ronggang (Jonathan) Zhang |
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Title: |
Chief Executive Officer
(Principal Executive Officer) |
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ATTENTION
Intentional misstatements or omissions of fact
constitute Federal criminal violations. (See 18 U.S.C. 1001). |
