Zelio E-Mobility Ltd

Zelio E-Mobility Limited announced that its shareholders approved alterations to the company’s Articles of Association at an Extraordinary General Meeting held on Tuesday, October 20, 2026, via video conferencing and other audio-visual means, including the insertion of clause 9 and clause 10 under the “Share Capital and Variation of Rights” section.

Zelio E-Mobility Limited announced that shareholders re-appointed Mr. Kunal Arya as Managing Director at the company’s 05th Annual General Meeting held on September 30, 2026, and re-appointed M/s Jagsir Singh & Associates as Secretarial Auditor for a term of five consecutive years from Financial Year 2026-27 to Financial Year 2030-31.

Zelio E-Mobility Limited announced that shareholders at its 05th Annual General Meeting on September 30, 2026, re-appointed Mr. Kunal Arya as Managing Director and re-appointed M/s Jagsir Singh & Associates as Secretarial Auditor for a term from Financial Year 2026-27 to Financial Year 2030-31.

Zelio E-Mobility Limited announced that shareholders at its 05th Annual General Meeting on September 30, 2026, re-appointed Mr. Kunal Arya as Managing Director and re-appointed M/s Jagsir Singh & Associates as Secretarial Auditor for a term from Financial Year 2026-27 to Financial Year 2030-31.

The company is undertaking a preferential allotment of up to 973,000 equity shares and 996,000 convertible warrants, raising up to Rs. 82.99 crore and Rs. 84.96 crore respectively. Motilal Oswal Financial Services, Calliope Capital Advisors, Param Value Investments, and Hem Growth Opportunities Fund are participating in the equity share issuance, while Niraj, Deepak, and Kunal Arya are receiving the warrants. The equity shares are priced at Rs. 853 per share, and warrants are priced at Rs. 853 per warrant, with payment terms stipulating 25% upfront and the remaining 75% upon conversion within 18 months. The combined issuance will result in a diluted shareholding for existing investors, decreasing the promoter and promoter group’s stake from 72.76% to 70.87% and increasing the public shareholding from 27.24% to 29.13%. The transactions require shareholder and stock exchange approvals, with a relevant date for floor price calculation of September 18, 2026.

Zelio E-Mobility Limited, formerly known as Zelio Auto Private Limited, will close its trading window for securities dealings from October 1, 2026, until 48 hours after the declaration of its unaudited standalone and consolidated financial results for the quarter and half-year ended September 30, 2026, as per the SEBI (Prohibition of Insider Trading) Regulations, 2015.

Zelio E-Mobility Limited will hold a board meeting on Wednesday, September 23, 2026, to consider raising funds through the issuance of equity shares and/or warrants via methods including a private placement or qualified institutions placement, according to a regulatory filing with the BSE Limited.

Zelio E-Mobility Limited will hold a board meeting on Wednesday, September 23, 2026, to consider raising funds through the issuance of equity shares and/or warrants via methods including a private placement or qualified institutions placement, according to a regulatory filing with the BSE Limited.

Zelio E-Mobility Limited informed the BSE that its board approved increasing borrowing powers up to Rs 1000 crore and the power to sell or dispose of undertakings up to Rs 1000 crore, both subject to shareholder approval. The board also approved the re-appointment of M/s Jagsir Singh & Associates as Secretarial Auditor for five years and the re-appointment of Mr. Kunal Arya as Managing Director, along with revisions to the remuneration of Mr. Niraj Arya, Mr. Deepak Arya, and Mr. Kunal Arya, all pending shareholder approval. Zelio E-Mobility further announced a cut-off date of September 23, 2026, for determining eligibility to vote at the 5th Annual General Meeting, scheduled for September 30, 2026, via video conferencing or other audio-visual means.

Zelio E-Mobility has announced the opening of its new manufacturing facility in Coimbatore, Tamil Nadu, marking a major step in the company's strategic expansion across South India. Strategically located at Trichy Road, Nagiyyaan Thottam, Lakshmi Nagar Kannampalayam, Coimbatore, Tamil Nadu, the new facility spans approximately 39,000 sq. ft. and will support electric scooter assembly, storage, logistics, and allied business operations. The commencement of operations starts today, at the Coimbatore facility will primarily cater to southern markets including Tamil Nadu, Karnataka, Kerala, Telangana, Andhra Pradesh, and South Maharashtra. The Coimbatore facility has an installed production and assembly capacity of 60,000 units per annum. During its initial phase of operations, the plant is expected to manufacture and assemble approximately 24,000-30,000 electric two-wheelers annually, with production gradually scaling in line with market demand and operational ramp-up. Zelio E-Mobility's manufacturing network already includes its Ladwa plant in Haryana, spread across 2,63,450 sq. ft.; the Patan plant in Haryana, covering 2,52,301 sq. ft.; and the Cuttack plant in Odisha, spanning approximately 30,500 sq. ft., all supporting production, assembly, and regional operations. Prior to the commissioning of the Coimbatore facility, Zelio E-Mobility's total installed manufacturing capacity stood at 1,80,000 units per annum. With the addition of 60,000 units from the Coimbatore plant, the company's aggregate installed manufacturing capacity now rises to 2,40,000 units per annum, representing a 33% expansion.