Ampvolts Limited has announced a strategic partnership with Cholamandalam Leasing Limited to establish 17 high-capacity electric charging hubs across Western India, marking a significant step forward in the country's electric trucking infrastructure development. The initiative aims to bridge critical infrastructure gaps and make electric trucking commercially viable across high-density freight routes.

Strategic Partnership for Green Mobility

The partnership between Ampvolts Limited and Cholamandalam Leasing Limited focuses on developing charging infrastructure in industrial and logistics corridors throughout Western India. The network will support the deployment of Montra Electric RHINO 5538 EV trucks, enabling long-haul electric freight movement at scale by addressing the critical challenge of reliable charging for heavy-duty EVs.

Infrastructure and Operational Benefits

The network of 17 charging hubs is designed to support multi-fleet operations across logistics service providers, enabling seamless electric truck movement across key freight routes. For fleet operators, this translates to reliable long-haul charging, reduced range anxiety, and improved uptime, directly impacting revenue potential. For corporates, it creates a viable pathway to achieve Scope-3 emission reduction goals, making electric logistics scalable rather than experimental.

According to Naimish Raval, Director at Ampvolts Limited, the company is proud to enhance cooperation with transporters, logistics companies, and truck makers to "make EV charging easy." The initiative demonstrates Ampvolts' expertise and experience in EV infrastructure development.

Environmental Impact and Market Context

The project is expected to reduce approximately 650,000 tonnes of CO2 emissions annually, contributing significantly to India's environmental goals. This comes at a time when heavy-duty electric trucks are projected to grow at approximately 55% CAGR through FY2030.

India's commercial EV market stands at an inflection point, with government policy support through PM E-DRIVE (₹10,900 crore allocation), FAME II charging infrastructure funding, and ₹500 crore e-truck subsidies creating unprecedented market tailwinds.

Ecosystem Partners and Technology Solutions

The initiative involves key ecosystem partners to ensure comprehensive support:

• Montra Electric – IPLTech (Murugappa Group): Provides lifecycle support for the RHINO e-truck fleet, including maintenance, diagnostics, and continuous vehicle optimization
• VerdeMobility: Offers on-site upgradable chargers from 240 KW to 360-kW to meet future demand and solve interchangeability issues between legacy GB/T to CCS2 chargers

Ampvolts' approach extends beyond traditional charging infrastructure operation by providing state-of-the-art robust chargers with CMS and round-the-clock power supply, demonstrating capability to provide enabler infrastructure for true green mobility solutions.

Corporate Climate Leadership

For large corporates, reducing tailpipe carbon emissions under Scope-3 has become a priority for meeting India's net-zero commitments and mitigating CBAM (Carbon Border Adjustment Mechanism) regulations. Transportation represents 15-25% of supply chain emissions for industrial commodity producers, making this initiative particularly significant for corporate sustainability goals.

Ampvolts Limited (formerly Quest Softech India Limited) has filed its quarterly compliance certificate with BSE Limited for the quarter ended March 31, 2026, fulfilling regulatory requirements under SEBI's depositories regulations. The submission, dated April 15, 2026, was signed by Managing Director Vipul Chauhan.

Regulatory Compliance Submission

The certificate was submitted pursuant to Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018. This regulation mandates listed companies to confirm proper handling of dematerialization processes through their registrar and transfer agents.

Registrar Confirmation

Purva Shareregistry (I) Pvt. Ltd., serving as the company's registrar and share transfer agent, provided the necessary confirmation certificate. The registrar, holding SEBI registration number INR000001112 as a Category 1 registrar, certified that all dematerialization processes were completed within prescribed timelines.

The registrar confirmed that security certificates received for dematerialization were properly verified, mutilated, and cancelled after due verification by depository participants. Additionally, the names of depositories were substituted in the register of members as registered owners within regulatory timelines.

Dematerialization Activity Details

During Q4FY26, five dematerialization transactions were processed involving different shareholders:

The total dematerialization activity for the quarter involved 900 shares across five certificates, with most transactions occurring in January 2026.

Compliance Confirmation

The filing confirms that Ampvolts Limited maintained proper compliance with SEBI's depositories regulations during Q4FY26. All security certificates received for dematerialization were processed according to regulatory requirements, with appropriate verification and record-keeping procedures followed throughout the quarter.