Zelio E Mobility Limited — Major Shareholding Notification 2025

Oct 16, 2025

From:

Param Capital 208/209, The Capital, 2[nd] Floor, Opp. ICICI Bank Building, Bandra Kurla Complex, Bandra East, Mumbai 400051

Date:- October 15, 2025

To BSE Ltd. Phiroze Jeejebhoy Towers Mumbai- 400001 Corp.relations@bseindia.com

The Company Secretary Zelio E Mobility Ltd. CS@Zeliobikes.com

Subject- Disclosure under Regulation 29(1) of SEBI (Substantial Acquisition of Shares and Takeover) Regulations, 2011

Scrip Code : 544563 – Zelio E Mobility Ltd.

Dear Sir,

Pursuant to the provisions of Regulation 29(1) of the SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011, and subsequent amendments thereto, please find attached disclosure under Regulation 20(1) of the Takeover Code in respect of the above Company.

I request you to kindly take the above on record.

Thanking You, Your Sincerely For Param Capital

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Mukul Mahavir Agrawal Partner Encl: as above

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DISCLOSURE UNDER REGULATION 29(1) OF SEBI
(Substantial Acquisition of Shares and Takeovers Regulations), 2011
PART A- Details of the Acquisition
1 Name of Target Company (TC) Zelio E Mobility Ltd.
2 Name of Acquirer and Person Acting in Concert (PAC) with the Acquirer Param Capital through its partner Mukul Mahavir Agrawal
3 Whether Acquirer belongs to Promoter/Promoter Group No
4 Name(s) of the Stock Exchange(s) where the shares of TC are listed BSE Ltd.
5 Details of the Acquisition as follows Number % w.r.t. total % w.r.t. total diluted
shares/voting capital shares/voting capital
wherever applicable() of the TC()
Before the Acquisition under consideration, holding of acquirer along
with PACs of:
a) Shares carrying voting rights - 0.00% 0.00%
b) Shares in nature of encumbrance (pledge/lien/non-disposal - - -
undertaking/others)
c) Voting rights (VRs) otherwise than by equity shares - - -
d) warrants/convertible securities/amy other instrument that entitles the - - -
acquirer to receive shares carrying voting rights in the TC (specifiy holding
in each category)
e) Total (a+b+c+d) - 0.00% 0.00%
Details of Acquisition
a) Shares carrying voting rights acquired 14,24,000 6.73% 6.73%
b) VRs acquired otherwise than by equity shares - - -
c) warrants/convertible securities/amy other instrument that entitles the - - -
acquirer to receive shares carrying voting rights in the TC (specifiy holding
in each category) acquired
d) Shares encumbered/invoked/released by the acquirer - - -
e) Total (a+b+c+d) 14,24,000 6.73% 6.73%
After the Acquisition, holding of acquirer along with PACs of:
a) Shares carrying voting rights 14,24,000 6.73% 6.73%
b) Voting rights (VRs) otherwise than by equity shares - - -
c) warrants/convertible securities/amy other instrument that entitles the - - -
acquirer to receive shares carrying voting rights in the TC (specifiy holding
in each category) after acquisition
d) Shares in the nature of encumbrance (pledge/lien/ non-disposal - - -
undertaking/ others)
e) Total (a+b+c+d) 14,24,000 6.73% 6.73%
6 Mode of Acquisition/Sale (e.g. open market/public issue/rights issue/ IPO Allotment & Open Market Purchase
preferential allotment/ inter-se transfer, etc.)
7 Salient features of the securities acquired including time till redemption, Not Applicable
ratio at which it can be convereted into equity shares, etc.
8 Date of Acquisition of/date of receipt of intimation of allotment of October 10, 2025
Shares/ VR/ warrants/convertible securities/ any other instrument that
entitles the acquirer to receive shares in the TC
9 Equity Share Capital/total voting capital of the TC before the said 2,11,50,000 Equity shares of Rs. 10.00 each aggregating Rs.
acqusition 21,15,00,000/-
10 Equity Share Capital/total voting capital of the TC after the said 2,11,50,000 Equity shares of Rs. 10.00 each aggregating Rs.
acqusition 21,15,00,000/-
11 Total diluted share/voting capital of the TC after the said acquisition 2,11,50,000 Equity shares of Rs. 10.00 each aggregating Rs.
21,15,00,000/-
Part-B
Name of the Target Company :
Name(s) of the acquirer and Perons Acting in Concert (PAC) with the acquirer Whether the acquirer belongs to PAN of the acquirer
Promoter/Promoter Group and/or PAC
Param Capital through its partner Mukul Mahavir Agrawal No AAPFP7724D
Singature of the acquirer/ Authorised Signatory
Mukul Mahavir Agrawal
Place : Mumbai
Date : October 15, 2025
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