Board approves Rs 168 crore preferential issue of shares and warrants
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
On the reaction day the stock moved 6.5 pts more than Nifty Microcap 250 and 5.7 pts more than its 2/3 Wheelers peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Zelio E-Mobility board approved preferential issue of 9.73 lakh equity shares at Rs 853 each (about Rs 83 crore) to 4 non-promoters including Motilal Oswal. Also 9.96 lakh convertible warrants at Rs 853 each (about Rs 85 crore) to 3 promoters. Total about Rs 168 crore. Promoter holding to reduce from 72.76% to 70.87% on full conversion. Five related party deals up to Rs 50 crore each also approved. EGM set for October 20, 2026.
Capital raise will dilute existing shareholders by about 9%, but brings marquee investor like Motilal Oswal on board.