The Board of Directors at its meeting held on 09 March 2026 inter-alia approved establishment of a warehouse and assembly facility at Coimbatore, Tamil Nadu and execution of lease agreement ....
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Zelio E-Mobility's board, at its meeting on 9 March 2026, approved setting up a new warehouse and assembly facility in Coimbatore, Tamil Nadu, as part of its South India expansion. The facility will span roughly 39,000 sq. ft. and will be taken on a 5-year lease (renewable for another 5 years), with rent payable from 1 June 2026. It will be used for electric scooter assembly, storage and logistics, with operations beginning 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 negotiate and finalize working capital, term loans and other credit facilities with banks and NBFCs.
This move signals Zelio's capacity-building push in South India for its electric scooter business, which could support future revenue growth, though short-term costs may weigh on margins. The auditor appointments and credit facility authorization are routine governance and financing actions with no immediate material impact.