Keto Motors Limited announced on May 25, 2026, that its Chief Financial Officer, Mr. Rohit Aidasani, has tendered his resignation effective immediately. The resignation is subject to consideration by the Board of Directors in its ensuing board meeting. The company disclosed the development in a regulatory filing submitted to BSE Limited.

The resignation was communicated under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Mr. Aidasani cited personal commitments as the reason for his departure and confirmed there were no other material reasons for the decision. The filing was signed by Jhansi Sanivarapu, Whole-Time Director of Keto Motors Limited.

Key Details of Resignation

The company provided specific details regarding the change in its senior management position as required under Part A of Schedule III of the SEBI regulations.

Keto Motors Limited, formerly known as Taaza International Limited, is headquartered at Amarchand Sharma Complex in Secunderabad, Telangana. The company noted that the resignation letter has been enclosed with the regulatory disclosure.

Keto Motors Limited, a Hyderabad-based commercial electric vehicle manufacturer, has made its debut on the Bombay Stock Exchange (BSE) following the successful completion of its reverse merger with Taaza International Limited. The listing provides the company with access to public capital markets as it scales its electric bus manufacturing capabilities and commercial EV operations across India.

BSE Listing Follows NCLT-Approved Reverse Merger

The reverse merger that enabled Taaza International Limited's transition into Keto Motors Limited was approved by the National Company Law Tribunal (NCLT), Hyderabad Bench in June 2025, subject to applicable regulatory and exchange compliances. The BSE debut marks a significant corporate milestone for the company, formerly known as Taaza International Limited, which is now operating under the Keto Motors brand.

Key details of the listing and corporate transition are outlined below:

Electric Bus Manufacturing and Key Initiatives

The listing coincides with Keto Motors' ongoing efforts to expand its electric commercial mobility business. The company is currently pursuing an INR 300 crore electric bus manufacturing project in Telangana and is preparing for the commercial rollout of its Urbanova KE9 9-metre electric bus platform. Keto Motors has secured CMVR Type Approval certification for the Urbanova KE9 electric bus and is advancing commercial deployments across multiple mobility applications.

Manufacturing operations are being developed at the company's integrated facility in Jadcherla, Telangana, which is intended to support advanced electric bus production and future scale expansion. The company targets demand from the following customer segments:

• State Transport Undertakings (STUs)
• Institutional fleet operators
• Employee transportation providers
• Urban mobility networks transitioning toward zero-emission transportation systems

Strategic Technology Partnership

Keto Motors has established a strategic association with TRON Energy Technology, a Taiwan-based EV technology provider with expertise in electric mobility and sustainable transportation systems. Through this collaboration, the company gains access to advanced battery systems, powertrain solutions, and chassis engineering technologies for commercial EV platforms.

Management Commentary

Commenting on the listing, Mr. Venkatesh Challa, Director, Keto Motors, said: "Our BSE debut marks an important milestone in Keto Motors' journey as we continue building a scalable electric commercial mobility business in India. This development strengthens our ability to expand manufacturing capabilities, accelerate product innovation, and support the growing adoption of sustainable transportation solutions across the country. We believe India's commercial EV sector is entering a transformative phase, and Keto Motors is well-positioned to contribute meaningfully to this transition."

About Keto Motors

Keto Motors, an ISO 9001:2015 certified company founded in 2018, is headquartered in Hyderabad and develops electric vehicle solutions engineered for Indian roads and urban transport. The company operates with ICAT/ARAI-compliant engineering standards and maintains a manufacturing facility in Jadcherla, Telangana. Further information is available at www.ketomotors.com .