Pursuant to Regulation 32 of the SEBI (LODR) Regulation 2015 as amended, we hereby confirm that during the half year ended on March 31, 2026, there are no deviation or Variation in the ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Zelio E Mobility has filed a confirmation that there was no deviation or variation in the use of IPO proceeds for the half year ended March 31, 2026. The company raised Rs 62.84 Crores through its IPO on October 8, 2025. The funds were allocated for: repayment of borrowings (Rs 20 Crs - fully utilized), capital expenditure for new manufacturing unit (Rs 19.45 Crs - Rs 7.85 Crs utilized), working capital requirements (Rs 8 Crs - Rs 2.60 Crs utilized), and general corporate purposes (Rs 9.09 Crs - Rs 0.99 Crs utilized). The audit committee reviewed and approved this statement on May 28, 2026, with no comments or concerns.
This is a positive compliance update confirming that the company is using IPO funds as per its stated objectives in the prospectus. Shareholders can be reassured that there are no unapproved changes to how the raised capital is being deployed.