Please find enclosed herewith Monitoring Agency Report for the half-ended March 31, 2026.
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▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Zelio E-Mobility Ltd submitted its Second Monitoring Agency Report (by Brickwork Ratings) for the half year ended March 31, 2026. The company's IPO raised Rs. 78.34 crore in September 2025. Of the four key objects, borrowing repayment (Rs. 20 crore) is fully completed. Capital expenditure for the new manufacturing unit has seen Rs. 7.85 crore deployed out of Rs. 19.45 crore budgeted, leaving Rs. 11.60 crore unutilized. Working capital utilization stands at Rs. 2.60 crore of the Rs. 8 crore allocation. General corporate purpose deployment is minimal at Rs. 0.16 crore. Issue expenses came in at Rs. 7.12 crore versus Rs. 6.29 crore budgeted, with a minor excess pending final GST adjustment. Unutilized funds totaling approximately Rs. 25.84 crore are parked in fixed deposits (earning 5.50% or 4.75%) and a money market fund. No material deviations from the offer document objects were observed. No unfavorable events affecting viability were noted.
Broadly positive for investors — no material deviation from stated IPO objects and no unfavorable developments reported. However, the large unutilized balance earning low returns and delayed manufacturing unit deployment warrant monitoring.