The Board of Director in its meeting held today i.e. 09th March 2026 has considered and approved the following: 1. Appointment of Secretarial Auditor - M/s Jagsir Singh & Associates, ....
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Zelio E-Mobility's board approved setting up a new warehouse and electric scooter assembly facility in Coimbatore, Tamil Nadu, spanning around 39,000 sq ft on a 5-year lease (with a 5-year renewal option). The facility is meant for assembly, storage and logistics, with operations starting in April 2026 and commercial production expected from July 2026. The board also appointed M/s. Jagsir Singh & Associates as Secretarial Auditor and M/s. T S A & Co. as Internal Auditor for FY 2025-26. Additionally, directors were authorized to seek and renew credit facilities from banks and NBFCs for working capital and term loans. This is part of the company's strategic push to expand its presence in South India.
The new Coimbatore facility signals a step-up in capacity and geographic expansion for the EV scooter maker, which could support future sales growth in South India. The credit facility authorization suggests the company may be arranging funding for this expansion, which investors should watch for any related debt raise or capex update.