Intimation under regulation 30 of SEBI (LODR) Regulations 2015- Execution of Memorandum of Understanding (MOU) Between Zelio E Mobility Limited and K.P.H. Dream Cricket Private Limited ....
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Zelio E-Mobility has signed an MoU with K.P.H. Dream Cricket Private Limited, the franchisee behind the Punjab Kings IPL team, to secure sponsorship and brand association rights for the 2026 Indian Premier League season. The company will pay ₹1.5 crore (exclusive of taxes) for branding, digital, in-stadia activation, and promotional rights linked to the Punjab Kings team. ITW Catalyst Private Limited is a confirming party to the agreement. The MoU runs from 25 March 2026 to 31 December 2026 and is not a related-party transaction.
This is a brand-marketing expense of ₹1.5 crore rather than a strategic corporate action, so direct impact on shareholders is limited. It may modestly boost brand visibility for Zelio's two-wheeler EV business but is not expected to materially move the stock.