Pursuant to Regulation 30 of the SEBI(Listing Obligations and Disclosure Requirements) Regulation, 2015, we are enclosing herewith the Press Release titled "Zelio Electric Scooters joins ....
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Zelio E-Mobility has announced a sponsorship partnership with IPL team Punjab Kings, becoming their Official EV Partner for the 2026 cricket season. The deal covers branding rights, digital media integration, and in-stadium activations, with two of Zelio's e-scooter models — the newly launched XMen+ and the X Men 2.0 — being featured prominently. The company says the partnership is aimed at long-term brand building, particularly in Tier 2 and smaller markets, by leveraging cricket's wide reach across India. Zelio operates a network of 350+ dealers across 20+ states, and recently raised ₹78.34 crore through its IPO which was subscribed 1.5 times.
This is a marketing and brand-awareness initiative rather than a revenue-generating contract, so it is unlikely to move the stock materially. It may provide modest sentiment support by boosting visibility, but shareholders should not expect a direct financial impact from this announcement.