Submission of Monitoring Agency report for the Quarter Ended 31st December 2025, pursuant to Regulation 32(6) of SEBI (LODR). Regulations 2015.
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Zelio E-Mobility has filed its first Monitoring Agency Report prepared by Brickwork Ratings, covering the use of IPO proceeds raised in September–October 2025. The total IPO size was Rs. 78.34 crore, comprising a Fresh Issue of Rs. 62.84 crore and an Offer for Sale of Rs. 15.50 crore at Rs. 136 per share. As of December 31, 2025, the full Rs. 20 crore earmarked for debt repayment has been used, while Rs. 6.51 crore of the Rs. 19.45 crore planned for a new manufacturing unit has been deployed. Working capital (Rs. 8 crore) and General Corporate Purpose (Rs. 9.09 crore) remain largely untouched, and issue expenses stood at Rs. 7.12 crore versus a budgeted Rs. 6.29 crore. There is no deviation from the stated objects and no delay in implementation reported. Unutilized funds are parked in fixed deposits earning 4.75%–5.50%.
This is a routine regulatory disclosure confirming IPO funds are being used as promised, with no red flags. Shareholders can take comfort that debt repayment is complete, though large portions of capex and working capital deployment are still pending and will be tracked in future quarterly reports.