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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.

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 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.