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 .

Keto Motors Limited (formerly Taaza International Limited) has submitted its quarterly compliance certificate under SEBI Depositories Regulations to BSE Limited, confirming adherence to regulatory requirements for the quarter ended March 31, 2026. The submission demonstrates the company's commitment to maintaining transparency and regulatory compliance in its securities operations.

Regulatory Compliance Details

The compliance certificate was filed under Regulation 74(5) of SEBI (Depositories & Participants) Regulations, 2018. This regulation mandates listed companies to provide quarterly confirmations regarding their dematerialisation processes and securities handling procedures.

Certificate Confirmation

Niche Technologies Private Limited, serving as the company's registrar and share transfer agent, issued the confirmation certificate on April 06, 2026. The RTA confirmed that all securities received from depository participants for dematerialisation during the quarter were properly processed and confirmed to the depositories.

The certificate validates that:

• Securities received for dematerialisation were confirmed to depositories
• All securities are listed on stock exchanges where earlier issued securities are listed
• Security certificates received for dematerialisation have been mutilated and cancelled after verification
• Depository names have been substituted in the company's register of members as registered owners

Company Information

Keto Motors Limited, formerly known as Taaza International Limited, operates under CIN L45100TG2001PLC072561. The company's registered office is located at 9-1-83 & 84 Amarchand Sharma Complex, Sarojini Devi Road, Secunderabad, Hyderabad, Telangana. The compliance submission was digitally signed by Whole-time Director Jhansi Sanivarapu (DIN: 03271569).

RTA Partnership

Niche Technologies Private Limited, an ISO 9001:2015 certified company, serves as the registrar and share transfer agent. Based in Kolkata, the company operates under CIN U74140WB1994PTC062636 and maintains its office at 3A, Auckland Place, 7th Floor. The certificate was signed by Ashok Sen, Manager – EDP, confirming the company's compliance with dematerialisation requirements.