Zelio E Mobility: No IPO Fund Use Deviation for H1 FY27

Zelio E Mobility Ltd has confirmed no deviation or variation in the utilization of IPO proceeds for the half-year ended September 30, 2026. The funds, raised on October 8, 2025, amounting to ₹62.84 crores, were intended for working capital and general corporate purposes. The company's statement, reviewed and approved by the Audit Committee, indicates that funds were allocated towards repayment of borrowings (₹20.00 Crores utilized), funding capital expenditure for a new manufacturing unit (₹16.35 Crores utilized out of ₹19.45 Crores allocated), working capital requirements, and general corporate purposes, with no significant deviations reported.