Zelio E Mobility Ltd

Zelio E Mobility Ltd has submitted its third Monitoring Agency Report for the quarter ended June 30, 2026, prepared by Brickwork Ratings India Private Limited. This report details the utilization of proceeds from the company's Initial Public Offer (IPO), which raised ₹78.34 Crore through a Fresh Issue and Offer for Sale. The report confirms no deviation from the stated objects of the IPO. Brickwork Ratings has declared that the report provides a true and fair view based on information provided by the issuer and reliable sources, and that there is no conflict of interest.

Zelio E Mobility Ltd has inaugurated a new manufacturing plant in Coimbatore, Tamil Nadu, on July 13, 2026. This expansion is set to increase the company's production capacity by 60,000 units per annum, bringing the total to 240,000 units. The new 39,000 sq. ft. facility, with an investment of up to ₹1 crore funded by internal accruals, aims to enhance production, improve regional supply efficiency, optimize logistics, and strengthen Zelio's presence in South India. The plant will initially focus on electric two-wheelers and is expected to contribute significantly to revenue and market share in the region.

Zelio E Mobility Ltd has inaugurated a new manufacturing plant in Coimbatore, Tamil Nadu, to enhance its production capacity. The new facility, spanning 39,000 sq. ft., will add 60,000 units per annum, bringing the total capacity to 2,40,000 units. This expansion aims to strengthen the company's presence in South India, improve delivery timelines, optimize logistics, and achieve greater operating leverage. The investment for this expansion is up to ₹1 crore, to be financed through internal accruals. The plant is expected to commence production in Q2 FY 2026-27 and will initially focus on electric two-wheelers, catering to markets in Tamil Nadu, Karnataka, Kerala, Telangana, Andhra Pradesh, and South Maharashtra.

Zelio E-Mobility Limited announced its participation in the "Samruddhi Season 3- NAV-Bharat Ka Caravan" virtual investor-company connect conference call. The event, organized by Hem Securities Ltd., is scheduled for Wednesday, June 17, 2026, at 05:00 PM. This platform aims to facilitate interaction with existing and prospective investors. The company emphasized that no Unpublished Price Sensitive Information (UPSI) will be shared during the meeting. The schedule is subject to change.

Zelio E Mobility Ltd confirms no deviation in the use of IPO proceeds for the half year ended March 31, 2026, as per Regulation 32 of the SEBI (LODR) Regulations, 2015. The IPO raised ₹62.84 Crs on October 8, 2025. The audit committee reviewed and approved the statement confirming the proper utilization of funds. Brickwork Ratings India Private Limited is the monitoring agency.

Zelio E-Mobility Limited's Board of Directors, at their meeting on May 28, 2026, approved the re-appointment of M/s TSA & Co., Chartered Accountants (FRN: 020026C), as the Internal Auditor for the Financial Year 2026-27. During the same meeting, the Board also considered and approved the audited standalone and consolidated financial results for the half year and full financial year ended March 31, 2026, with the statutory auditors issuing an unmodified opinion. Additionally, a statement on the utilization of IPO proceeds was reviewed.

Zelio E-Mobility Limited's Board of Directors approved the audited standalone and consolidated financial results for the half year and year ended March 31, 2026. The statutory auditors, Murari Garg & Co., provided an unmodified opinion on these results. Additionally, the Board appointed M/s TS A & Co. as the Internal Auditor for the financial year 2026-27. The company also submitted a statement on the utilization of Initial Public Offer (IPO) proceeds, detailing any deviations or variations for the period ending March 31, 2026.

Zelio E-Mobility Limited's Board of Directors, in a meeting held on May 28, 2026, approved the annual audited standalone and consolidated financial results for the half year and year ended March 31, 2026. The results, reviewed by the Audit Committee and audited by Murari Garg & Co., received an unmodified opinion. Additionally, the Board appointed M/s TS A & Co. as the Internal Auditor for the Financial Year 2026-27 and noted the statement of deviation(s) or variation(s) in the utilization of IPO proceeds for the period ended March 31, 2026.

Zelio E Mobility Ltd has scheduled a Board of Directors meeting on May 28, 2026, to consider and approve the audited standalone and consolidated financial results for the year ended March 31, 2026, and the appointment of an internal auditor for the F.Y. 2026-27. The trading window has been closed from April 1, 2026, and will remain closed until 48 hours after the declaration of the financial results.

Zelio E Mobility Ltd submits the Monitoring Agency Report by Brickwork Ratings for the half-year ended March 31, 2026, in compliance with SEBI regulations. The report pertains to the utilization of IPO proceeds, stating no deviations from the intended objects. The funds raised through Fresh Issue and Offer for Sale of Equity Shares aggregated to ₹78.34 Crore.