EGM on 20 October 2026 to seek approval for Rs. 82,99,69,000 preferential share issue and Rs. 84,95,88,000 promoter warrants

EGM called for Tue, 20 Oct 2026, 4 PM via video conferencing.

Mon 28 Sep 2026

EGM Date

Tuesday, 20 October 2026, 4 PM via video conferencing

Preferential Equity Share Issue

upto 973000 shares at Rs. 853/- each, aggregating upto Rs. 82,99,69,000/-

Convertible Warrants to Promoters

upto 996000 warrants at Rs. 853/- each to Kunal, Deepak, Niraj Arya (332000 each), aggregating upto Rs. 84,95,88,000/-

E-voting Period

15–19 October 2026; cut-off 13 October 2026

Non-promoter Allottees

Motilal Oswal Financial Services (470000 shares), Calliope Capital Advisors LLP (368000), Param Value Investments (100000), Hem Growth…

What is happening

Zelio E-Mobility has issued the notice for its 01st Extra Ordinary General Meeting for FY 2026-27, to be held on Tuesday, 20 October 2026 at 4:00 P.M. (IST) through video conferencing / other audio-visual means. Members vote on the items below; nothing is approved until the resolutions are passed.

Item 1 — Alteration of Articles of Association (Special Resolution) Insertion of Clause 9 and Clause 10 under the Share Capital and Variation of Rights section, enabling the Board to issue further shares to existing shareholders, to employees under an ESOP scheme, or to any other persons, and to make further issues by way of rights issue, preferential offer, private placement, QIP or other modes.

Item 2 — Preferential issue of equity shares (Special Resolution)

• Upto 973000 Equity Shares of face value Rs. 10/- each
• Price Rs. 853/- per share, including a premium of Rs. 843/-
• Aggregating upto Rs. 82,99,69,000/-
• All four proposed allottees are non-promoters: Motilal Oswal Financial Services Limited 470000 shares / Rs. 40,09,10,000; Calliope Capital Advisors LLP 368000 / Rs. 31,39,04,000; Param Value Investments 100000 / Rs. 8,53,00,000; Hem Growth Opportunities Fund 35000 / Rs. 2,98,55,000
• Relevant date for floor price: Friday, 18 September 2026
• Allotment in demat form within 15 days of the special resolution (or of the last regulatory approval); shares rank pari passu and are subject to lock-in under Chapter V of SEBI ICDR Regulations.

Item 3 — Convertible warrants to promoters (Special Resolution)

• Upto 996000 Warrants, each convertible into 1 fully paid-up equity share of Rs. 10/- face value
• Issue price Rs. 853/- per Warrant (premium Rs. 843/-), aggregating upto Rs. 84,95,88,000/-
• Allottees, all Promoter category: Kunal Arya, Deepak Arya and Niraj Arya, 332000 warrants each, Rs. 28,31,96,000 each
• 25% of the issue price payable on allotment, balance 75% on exercise
• Warrants exercisable within 18 months of allotment; unexercised warrants lapse and money paid stands forfeited by the Company
• Warrants carry no shareholder rights until conversion; resulting shares are locked-in as prescribed.

Item 4 — Related party transactions

Approval of related party transaction(s) with Rajdhani Machinery Store, proposed as an Ordinary Resolution.

Voting mechanics

• Cut-off date for eligibility: Tuesday, 13 October 2026
• Remote e-voting: Thursday, 15 October 2026 (9:00 AM) to Monday, 19 October 2026 (5:00 PM)

What investors may note

If both preferential issues go through, fresh capital of upto Rs. 82,99,69,000/- comes in from non-promoter investors and upto Rs. 84,95,88,000/- from promoters via warrants (25% upfront). New shares increase the total share count, which dilutes the holding percentage of existing shareholders. Promoters subscribing to warrants at Rs. 853/- can be read as their participation in the fund raise; the warrants convert only if exercised within 18 months.

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