Zelio E Mobility Limited — Capital/Financing Update 2026

Feb 24, 2026

==> picture [541 x 80] intentionally omitted <==

Date: February 24, 2026

To, The Manager Listing Department BSE Limited P. J. Towers, Dalal Street Fort, Mumbai – 400001

Scrip Code: 544563 Symbol: ZELIO ISIN: INE1B3501014

Subject: Submission of Press Release under Regulation 30 of SEBI (LODR) Regulations, 2015

Dear Sir/Madam,

Pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit a Press Release titled:

“Zelio E-Mobility Sets Up New Manufacturing Plant in Cuttack to Strengthen Eastern India Presence.”

The said Press Release is enclosed herewith for your kind information and dissemination on the website of the Stock Exchange.

Kindly take the same on record.

Thanking You.

Yours Faithfully, For Zelio E-Mobility Limited

KUNAL ARYA Digitally signed by KUNAL ARYA Date: 2026.02.24 19:39:21 +05'30'

Kunal Arya Managing Director DIN: 09241630 Place: Hisar, Haryana

Encl.: Press Release

==> picture [461 x 59] intentionally omitted <==

==> picture [541 x 80] intentionally omitted <==

Press Release

Zelio E-Mobility Sets Up New Manufacturing Plant in Cuttack to Strengthen Eastern India Presence

Zelio E-Mobility Limited , a rapidly expanding electric two- and three-wheeler manufacturer, has announced the commissioning of a new manufacturing facility in Cuttack, Odisha, marking a significant milestone in its expansion across Eastern India.

The decision follows strong demand and customer acceptance in Odisha and West Bengal, which have emerged as high-growth markets for the Company.

The new facility is expected to:

• Reduce delivery timelines currently extending up to a week from the Hisar facility

• Lower logistics costs

• Improve supply chain efficiency

• Strengthen dealer support across Eastern and Southern India

Capacity Expansion Details

With the commissioning of the Odisha plant:

• Total installed production capacity has increased from 72,000 units per annum to 1,80,000 units per annum

• The existing Hisar facility capacity has been enhanced from 72,000 units to 1,20,000 units per annum

• The newly commissioned Odisha plant contributes 60,000 units per annum

The Hisar plant capacity expansion was achieved through process-level optimisation, installation of extended conveyor systems, and additional machinery.

Investment & Financial Impact

• Investment in the Odisha facility: Under INR 3 crore

• Facility is operational and expected to contribute to revenue immediately

• By FY26–FY27, the Odisha plant is projected to contribute a significant share to overall revenues

• The expansion follows the Company’s strong H1 FY26 performance:

• Consolidated Revenue: INR 134.78 crore

• Net Profit: INR 11.87 crore

Earlier this year, the Company successfully completed its SME IPO of INR 78.34 crore, with approximately INR 36 crore of unutilised proceeds earmarked for capacity expansion and new facilities.

==> picture [461 x 59] intentionally omitted <==

==> picture [541 x 80] intentionally omitted <==

Employment & Regional Development

The Odisha facility is expected to generate employment for approximately 60 to 100 individuals across production and operational functions, reinforcing the Company’s commitment to regional economic development.

The plant will initially focus exclusively on electric two-wheelers. Discussions with the Odisha government regarding potential incentives and support programs are ongoing.

Commenting on the plan, Kunal Arya, Managing Director, Zelio E-Mobility, said, “Eastern India has emerged as one of our strongest growth regions, with customers showing exceptional trust in our products. Setting up the Cuttack facility brings us closer to our riders and dealers, enabling faster deliveries, lower logistics costs and improved serviceability. Notably, this expansion marks an important step in strengthening India’s EV ecosystem and creating long-term value for our customers and partners.”

In addition, the Cuttack facility will play a key role in strengthening Zelio’s fast-growing dealership network across eastern and southern India by enabling faster product availability, improved after-sales responsiveness and stronger inventory support. As demand for affordable EV mobility continues to surge across Tier 2 and Tier 3 cities, the company aims to accelerate its expansion strategy with the added advantage of a regionally located production hub that reduces delivery timelines.

For more information, please visit: https://zelioebikes.com/

For media inquiries and investor relations: info@zelioebikes.com

DISCLAIMER:

This document may contain certain forward-looking statements within the meaning of applicable securities law and regulations. These statements include descriptions regarding the intent, belief or current expectations of the Company or its directors and officers with respect to the results of operations and financial condition of the Company. Such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and actual results may differ from those in such forward looking statements as a result of various factors and assumptions which the Company believes to be reasonable in light of its operating experience in recent years. Many factors could cause the actual results, performances, or achievements of the Company to be materially different from any future results, performances, or achievements. Significant factors that could make a difference to the Company’s operations include domestic and international economic conditions, changes in government regulations, tax regime and other statutes. The Company does not undertake to revise any forward- looking statement that may be made from time to time by or on behalf of the Company.

==> picture [461 x 59] intentionally omitted <==